Lets dig a bit deeper and get the truth with Coin 4 All!
There is absolutely no information on the Coin4All website signifying who owns or runs the business.
The Coin4All website domain, coin4all.net, was privately registered on September 16, 2016.
Of interest on the Coin4All website is a comparison to other MLM scams:
“We’re not huge network marketers. We’ve dabbled here and there in various programs. We’re quick learners and highly creative and problem solvers. We are a designer, a programmer, and a small business owner who came together around what we think is a brilliant idea. Building on the success of other programs like Zarfund and Crowdrising, we think we have the perfect system that solves all the problems we’ve seen.”
Both ZarFund and CrowdRising are cash gifting schemes, proposing that whoever is running Coin4All has good practice in scamming people.
At the time of this review, Alexa estimates that Nigeria is the chief source of traffic to the Coin4All website.
And again, if an MLM company is not willingly truthful about who is running or owns it, think long and hard about handing over any money.
Coin4All – The Product Line
This new program has no retailable products or services whatsoever, with members only capable of marketing Coin4All affiliate membership itself.
Coin4All – Compensation Plan
The Coin 4 All compensation plan has members gift bitcoin to each other through a 3×10 matrix.
Said 3×10 matrix puts a Coin4All member at the top of a matrix, with 3 spots directly underneath them.
These 3 spots form the initial level of the matrix. The 2nd level of the matrix is created by dividing each of the 3 spots into another 3 spots each (9 spots).
Succeeding levels of the matrix are created in the same manner (up to 10 levels), with a whole 3×10 matrix holding 88,572 spots.
Every level of the matrix functions as an independent cash gifting tier. A Coin 4 All member unlocks a matrix tier by gifting funds to the member who recruited them.
Gifting payments across each matrix level tier increase as follows:
- level 1 – gift 0.055 BTC to the member who recruited you and receive 0.055 from 3 members
- level 2 – gift 0.05 BTC and receive 0.05 BTC from 9 members
- level 3 – gift 0.045 BTC and receive 0.045 BTC from 27 members
- level 4 – gift 0.04 BTC and receive 0.04 BTC from 81 members
- level 5 – gift 0.035 BTC and receive 0.035 BTC from 243 members
- level 6 – gift 0.03 BTC and receive 0.03 BTC from 729 members
- level 7 – gift 0.025 BTC and receive 0.025 BTC from 2187 members
- level 8 – gift 0.02 BTC and receive 0.02 BTC from 6561 members
- level 9 – gift 0.015 BTC and receive 0.015 BTC from 19,683 members
- level 10 – gift 0.01 BTC and receive 0.01 BTC from 59,049 members
Take Note: Gifting payments across levels 1 to 3 are on a sixty-day subscription. Payments across levels 4 to 7 are every thirty days and payments across levels 8 to 10 every fifteen days.
Joining Coin 4 All
Coin4All affiliate membership is free, however members must gift at least 0.055 BTC to participate in the opportunity.
Complete participation in the Coin 4 All MLM opportunity costs:
- 0.15 BTC every 60 days
- 0.13 BTC every 30 days and
- 0.045 BTC every 15 days
Coin4All – Hot MLM Conclusion
As per the website:
“The Coin4All global peer-to-peer donation network is a way for you to help others like yourself, and in exchange they will help you.”
The above denotes a shared exchange between Coin4All members, when in reality new members make payments to existing members and not the other way around.
If new members stop being recruited into Coin 4 All, the scheme ends.
This is the nature of a program such as this, even with a three-tier subscription model.
As is classic in cash gifting schemes, funds are passed up to the initial spots created. These spots are owned by the Coin4All administrators.
The subscription model is intended to give the impression of lessening the blow, but in reality, on teeters the predictable passing up of funds.
The reason participants in other cash gifting scams start their own is due to the fact that they recognize it is the administrator who receives the lion’s share of deposited funds.
Coin4All is no different, with the use of bitcoin making recovery by victims near impossible.