Coin Forever Review – But I’m Not Promoting It!

Coin Forever ReviewHave you been noticing more and more hype for Coin Forever lately?

This business is picking up a lot of steam, with people pitching it all over social media.

I want to tell you that I am NOT in any way affiliated with Coin Forever.

I want to give you an unbiased opinion on Coin Forever – is it a scam?

Is it legit?

Let me give you all the details in my Coin Forever Review.

Will Coin Forever deliver on all it’s promises?

Find out in my Review of Coin Forever.

Let’s get going with the review!

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What Is The Coin Forever Opportunity?

In the case of Coin Forever, this is an MLM opportunity that really doesn’t know how to make a good first impression. The official website for Coin Forever doesn’t offer any indication in regards to who owns the company or who’s running things on an executive level, and this really isn’t something that I’m keen on seeing.

No legitimate opportunity would leave this information absent from its site, so the fact that it isn’t present here is a rather telling sign of what’s to come with an opportunity like this.

Moving over to the domain name registration, coinforever.com was first registered on November 22nd of this year (2016). Unfortunately, due to the private nature of the registration, there isn’t any indication at all in regards to who the owner of the domain is or where in the world the registration might have taken place.

After doing a bit of digging on my end, I was able to tie the name Luis Castillo as the owner of Coin Forever. Luis Castillo has been involved with a heap of past schemes and scams in the MLM underbelly, and Coin Forever looks to be his latest venture to scam even more people out of their cash.

Coin Forever Scam

What Can You Tell Me About The Coin Forever Products?

Looking at the product line that Coin Forever is bringing to the table, there’s not much to see here at all.

As you might expect, Coin Forever is yet another MLM opportunity that has made the move to not offer any sort of product line with the way that the company is setup, resulting a move that will cause for nothing but problems as time goes on.

No product line means that no retail sales can take place, resulting in a situation in which all of the funds keeping the company afloat are likely being sourced directly from affiliates themselves. This is a theme that is only ever seen by MLM scams, and judging by everything we’ve looked over so far, that’s likely the kind of deal we’re looking at here.

Additionally, no product line also means that affiliates have nothing more than the affiliate membership itself to try and sell to prospective buyers.

What Can You Tell Me About The Compensation Plan?

In regards to the compensation plan that Coin Forever is marketing and advertising, affiliates join the company by purchasing spots in the offered 2 x 2 matrix after handing over $50 for each position.

There are five tiers of this 2 x 2 matrix setup, with the matrix being completed once all of the six positions have been filed by affiliates through both direct and indirect recruitment.

When all of the available positions have been filled in a matrix, a cycle is triggered within the company. When this cycle is triggered, the position that an affiliate purchases is then moved into the next tier of the matrix.

A position in Matrix 1 costs $50, and once an affiliate cycles out of this, they’re able to earn a commission of $50 and then cycle into Matrix 2. Once an affiliate cycles out of this, they earn a commission of $100 and then move up to Matrix 3.

Cycling out of Matrix 3 will result in a commission of $200, getting through Matrix 4 allows affiliate to earn a commission of $300, and the completion of Matrix 5 pays out a commission of $2500.

Worth noting here is the fact that, in order for affiliate to qualify for the commission being offered, they must first recruit a minimum of two other affiliates that also purchase at least one position into the matrix system that I just went over.

What Will It Cost To Join Coin Forever

If you’d like to become an affiliate for Coin Forever for whatever reason, you’ll need to purchase at least one matrix position for the cost of $50.

Additionally, you’ll be required to recruit two other people to sign up and purchase a position as well if you’d like to qualify for the commissions being offered.

Is Coin Forever A Scam?

So, like with all business opportunities, you will hear things around the internet about there being a Coin Forever scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?
Is there a Coin Forever scam going on or is this legit?

Well, to be honest, Coin Forever is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

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My Coin Forever Review Conclusion

Coin Forever is a rather simple MLM opportunity, in the sense that it’s a rather bare-bones Ponzi scheme.

Nothing is being marketed or sold to retail customers, and the only identifiable source of income that’s coming into Coin Forever is from the fees being paid by affiliates when they purchase positions in the matrix system.

Newly invested funds are used to pay off existing affiliates, and by handing over $50, affiliates are promised that they will earn an eventually commission of $3150.

As al Ponzi schemes tend to go, Coin Forever will run into serious trouble once recruitment levels die down. When this happens, newly invested funds will stop coming in, and this will result in existing affiliates not getting the compensation that they’re expecting.

Top this off with the fact that Coin Forever doesn’t allow for any refunds at al, and you’re looking at a rather crummy setup.

Once all is said and done, most everyone will end up losing out and only Luis Castillo will end up making anything of real value.

Hopefully, you have found my Coin Forever Review useful.

I wanted to give a lot of details because there have been other review of Coin Forever which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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