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.

I have something better than Coins. . .

Find out How I Make BITCOIN Online Just by the Excitement of Bitcoin Alone and Earn up to 150% ROI > ProfitingBitcoin.com

 

Thanks for reading!

hempworx leader

Erik Christian Johnson is a full-time blogger, self-development advocate, and full-time network marketing Entrepreneur.

All articles are solely used for educational purposes and merely the opinion of the blog writers. Please refer to the Disclaimer page for full disclosure.

2 thoughts on “Is Coins of Change Another Crowdfunding MLM Bitcoin Scam?”

  1. It doesn’t sound like a pyramid scam it is one. Their so-called products are recycled junk that one can easily learn for free from YouTube and Netflix. There are plenty of free documentaries on bitcoin online. And Facebook offers marketing courses for free. Nothing but a gifting scheme that will play out sooner rather than later.

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