Is Coins of Change Another Crowdfunding MLM Bitcoin Scam?

Is Coins of Change Another Crowdfunding MLM Bitcoin Scam

Is Coins of Change Another Crowdfunding MLM Bitcoin Scam?

The newest business model lately are “crowdfunding” Pyramids where you invest one time. So, Is Coins of Change Another Crowdfunding MLM Bitcoin Scam?

In the last three months, I have been approached by four crowdfunding MLM type businesses where you make a one time donation in bitcoin to a “cause.”

You then get paid every time a level in your matrix completes, and you supposedly get paid in real time.

There was Waszupp, which has been in “pre-launch” for over 3 months now and most of the leaders left because of the non-transparency of the CEO.

Then, there’s Noble7, which I just reviewed, and that one you can apparently get started with Bitcoin, debit card, or credit card, which would be more unique and accessible than the other two.

Now, there is Coins of Change.

 

So, Is Coins of Change Another Crowdfunding MLM Bitcoin Scam?

The one similarity that these crowdfunding pyramids have is that they offer a so-called “product.”

They know that without a product, they are merely a pyramid, which I show you the difference between a legit MLM and a pyramid in this picture:

bitcoin pyramid scheme review

So, at least they have that right.

Actually, Waszupp didn’t offer any product for awhile and I think someone was like “Hey dude, this is just a scam man.”

But, hey the Waszupp CEO is from Dubai, so what does he know about scams? Anything goes in the Middle East.

They apparently added educational material from Networking Times, which is fishy because why would Networking Times partner with some pyramid disguised as an MLM from Dubai?

What are the Coins of Change Products?

So, Coins of Change offers a free video course on Blockchain and Bitcoin, which basically funds these things, so it’s handy that you learn how to use Bitcoin so you can invest your money in these crowdfunding platforms.

coins of change ebook

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Coins of change also has a main e-commerce course for how to build a e-commerce business using Facebook.

coins of change ecommerce facebook course

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Then, they have Global Mastermind events, fancy places like Mexico, Ireland, and Italy.

coins of change masterminds

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Here’s their compensation plan, kind of looks like every other pyramid:

  • Silver Platform – A one-time initial contribution of $50 in Bitcoin.

Silver Stage #1 (Contributor)     – 3 members – receive $ 40 of BTC from up to 3

Silver Stage #2 (Apprentice)      – 9 members – receive $ 70 of BTC from up to 9

Silver Stage #3 (Entrepreneur) – 27 members- receive $   250 of BTC from up to 27

Silver Stage #4 (Philanthropist) – 81 members- receive $   900 of BTC from up to 81

Silver Stage #5 (Legacy)       – 243 members-receive $4,900 of BTC from up to 243

  • Gold Platform – A one-time initial contribution of .1 Bitcoin.

Gold Stage #1 (Contributor) – 3 members – receive .09 BTC from up to 3

Gold Stage #2 (Apprentice)   – 9 members – receive .18 BTC from up to 9

Gold Stage #3 (Entrepreneur) – 27 members- receive .9 BTC from up to 27

Gold Stage #4 (Philanthropist) – 81 members- receive 2.5 BTC from up to 81

Gold Stage #5 (Legacy)         – 243 members-receive 5 BTC from up to 243

 

So, Is Coins of Change Another Crowdfunding MLM Bitcoin Scam?

There are so many of these platforms coming out, I would really do your due diligence and research the company and find out who is actually running the show.

Click the link to see my #1 Crowdfunding Program HERE

 

Thanks for reading!

Erik Christian Johnson is a Entrepreneur, writer, full-time Network Marketer and Blogger. He shares tips on various topics including: Network Marketing tips, how to work full time from Home, and God. He is also the #1 recruiter in his primary business. His blog is summed up as being: "edgy personal development with a twist of financial freedom."

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