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Coin Plusâ€¦Where do I start? Let us be clear. Am I promoting this? Hell No. Is it a scam? Very much so. Should I sign up to it? Absolutely not.
Coin Plus provide no information on their website about who owns or runs the business, thatâ€™s is an instant red flag in my opinion. The Coin Plus domain (â€ścoinplus.ccâ€ť) was registered on October 12th, 2017.
So digging a little deeper, Iâ€™ve managed to find out that Logan Lance is the listed owner of the domain name, which also has his London address. Reece Dave is also listed as the sole officer of the company through an address in Manchester.
Logan Lance has listed numerous HYIP website domains in the past, he also owns HYIP monitoring websites too. The most recent appears to be Global FX Team. A forex themed Ponzi Scheme. Which was launched back in June.
With the collapse of Global FX Team, it has lead to the creation of Coin Plus.
Coin Plus Products
Coin Plus has no retail products or services, with affiliates only able to market Coin Plus affiliate membership itself.
The Coin Plus Compensation Plan
Coin Plus affiliates invest bitcoin in advertised â€ślifetime investment plansâ€ť.
- invest 0.005 to 3 BTC and receive a 5% daily ROI
- invest 3.001 to 10 BTC and receive an 8% daily ROI
- invest 10.001 to 1000 BTC and receive a 12% daily ROI
Referral commissions are available on funds invested, paid out down two levels of recruitment (unilevel):
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- level 1 (personally recruited affiliates) â€“ 5%
- level 2 â€“ 2%
Joining Coin Plus
Coin Plus affiliate membership is free, however free affiliates only earn referral commissions.
Full participation in the Coin Plus income opportunity requires a minimum 0.005 BTC investment.
Naturally, we see no evidence of anything happening behind the scenes. The even see any good results or income is pretty rare on new opportunities too. I still find that the ROI which could be up to 12% per day is very very high which makes it almost unsustainable for the future. Be lucky to see if this hits March 2018 before it all comes falling down.
As schemes like this slow down, naturally the income that can be paid out runs out and it will close operations, or it will be forced to close.
So with Coin Plus unable to meet its ROI in the future. YOU WILL LOSE MONEY.Â
Please make sure, especially with any BTC opportunity you are very vigilant at what you do. Please be aware of what and who you send your BTC too. This is very important and it could lead to heartbreak.