Swiss Mine Review – Legit Or Scam?

Swiss Mine ReviewHas someone approached you lately about joining Swiss Mine?

This doesn’t surprise me – it’s been getting a lot of hype in the last couple of week, with people pitching it all the time.

First, let me make one thing clear – I am NOT in any way affiliated with Swiss Mine.

I simply wanted to gather all the details here for you in my Swiss Mine Review so you can make an informed decision.

Is Swiss Mine truly a scam?

Does it really work like the marketing materials say it will?

Read on to find out in my Review of Swiss Mine.

Let’s get going!

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What The Heck Is Swiss Mine?

Swiss Mine is the name of the latest MLM opportunity that’s up for my full and in-depth review treatment, and in this case we’ve got a company that does know how to make a good first impression.

The overall look and feel of the Swiss Mine website is fine, but the lack of substance that’s present on it is a bit disturbing. There’s no available information in regards to who owns the company or who the original founder is, and this info that you should really come to expect with any legitimate operation.

Furthermore, the domain name registration is equally lacking in regards to background info. It’s clear that the registration took place on December 5th, 2016, but because the domain was registered privately, there’s no info present for who the owner of it is or where in the world the registration took place.

Looking through the compensation plan for Swiss Mine (more details on that in a bit), it’s stated that the company is “registered in Singapore with its Branch office in Switzerland.” However, aside from a registration number for the Singapore UEN (201635218K), there isn’t any other info on this claim.

Here’s where things get a bit interesting though.

After looking into the registration number that Swiss Mine is providing, I was able to find out that that UEN number is the same exact one that is used by Ducatus Swiss PTE LTD. Ducatus Swiss is an operation that was first incorporated in the country of Singapore on December 30th of last year (2016), and the address that was used to incorporate the company belongs to another business by the name of Luther Services.

As per the Luther Services’ website, the company aims to “provide fast and efficient service for the formation and registration of a company or other legal entity in Singapore.”

So, with that being the case, it’s pretty safe to assume that Ducatus Swiss PTE LTD doesn’t have any physical presence in Singapore, but rather exists there in name and name alone.

I decided to look even further into Ducatus Swiss, and this allowed me to learn that two men by the names of Knut Unger and Ronny Andreas Tome are the two Directors that are currently filed with Ducatus Swiss.

Looking specifically at each of the two men, the former is an employee for Luther Services and the latter is the only shareholder that exists for Ducatus Swiss.

Official documentation for Ducatus Swiss indicates that Tome resides in Bali, Indonesia, and with this being so, it’s quite likely that this is the country in which Swiss Mine is being run out of.

I wasn’t able to find any actual MLM history for Tome, but I did learn that the man has quite a bit of experience in the world of bitcoin and cryptocurrency as a whole.

In fact, Tome participated in the largest recorded bitcoin transaction in 2014 when he sold a villa in Indonesia to an unnamed buyer based out of Texas for a lump sum of $600,000 all in bitcoin.

Swiss Mine Scam

What Can You Tell Me About The Swiss Mine Products?

In regards to the product line that Swiss Mine has to offer, there’s really not a whole lot to talk about. Swiss Mine is yet another MLM opportunity that doesn’t have any sort of product line in place with its business model, and although this is something that I see quite often while conducting these reviews, it isn’t something I’m particularly fond of.

Not having a product line means that it’s impossible for retail sales to take place, and along with this, affiliates for the company are left with nothing more than the affiliate membership to try and sell to individuals.

If and when someone does decide to become an affiliate for Swiss Mine, they must then invest Euros to get that currency exchanged for tokens that Swiss Mine is offering. Additionally, these tokens can then be converted into things called “Ducatus points.”

It’s worth noting that Ducatus points aren’t currently a publicly tradable form of currency, and in their current form they can only be converted once again into cash through Swiss Mine’s own internal exchange – DucatusX.

What Can You Tell Me About The Swiss Mine Compensation Plan?

On the compensation plan side of things, affiliates for Swiss Mine are able to make money by investing Euros into Ducatus points and then recruiting other people to become affiliates and do the same thing.

Something worth noting is that commissions that affiliates for Swiss Mine aren’t paid out as straight cash as most companies do. Instead, Swiss Mine makes its members spend certain commission payouts in the form of percentages.

For example, money earned through recruitment/binary commissions and the Matching Bonus must be dolled out in the following manner – 55% goes to cash withdrawal, 34% must be reinvested back into Swiss Mine, 8% needs to be spent through the company’s merchant network, and 3% is donated to charity.

Recruitment Commissions

One way that affiliates are able to earn money is by recruiting other people to join the company and invest money into the company, and there are two main levels for this.

Recruiting someone who decides to invest 4999 EUR or less will secure you with a commission of 13%, and getting someone to invest 5000 EUR or more will let you get an 18% commission.

Are There Membership Fees For Swiss Mine?

If you’d like to become an affiliate for Swiss Mine, you’ll need to first pay a membership fee that costs 30 EUR. Along with this, you’ll also need to choose to invest in one of the nine available affiliate packages –

  • Apprentice package for 50 EUR
  • Miner package for 250 EUR
  • Builder package for 1000 EUR
  • Trader package for 2500 EUR
  • Executive package for 5000 EUR
  • Viceroy package for 10,000 EUR
  • Patron package for 15,000 EUR
  • Magnate package for 25,000 EUR

Is Swiss Mine A Scam?

If you’ve come across a review that says Swiss Mine is a scam while researching, I wouldn’t be surprised.

A lot of marketers will tell you something is a scam just so they can sell you something else.

So, can you trust those other reviews?

What is the truth about Swiss Mine? Is it really a scam, or is it legit?

I would say no, not exactly. However, there are a few things in the business you should be aware of – read on to the conclusion to find out what they are.

Knowing what you’re getting into is the best way to be successful.

See below for my FREE training that will help you make money!

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What’s your Conclusion About Swiss Mine?

In a nutshell, Swiss Mine is honestly nothing more than a carbon copy of what we saw with OneCoin sometime back. OneCoin was found to be nothing more than a Ponzi point scheme, and that’s exactly what we’re dealing with in the case of Swiss Mine.

Affiliates join the company by dumping heaps of Euros into tokens that can then be converted into a form of cryptocurrency that has no real world value and is entirely worthless outside of the Swiss Mine system.

These are things that we like to call Ponzi points, and since newly invested funds are used to pay off existing affiliates, this is where we see the Ponzi nature of Swiss Mine.

Bundle this with the fact that there’s a heavy focus on recruitment of new affiliates, and you’re also looking at an opportunity that’s operating as a pyramid scheme as well.

As all Ponzi and pyramid schemes go, Swiss Mine will only be around as long as more and more people continue to join the company. Once recruitment levels die down, Swiss Mine will be looking at a rather inevitable collapse of its entire setup.

This will result in the majority of affiliates losing out in the long run, with Tome securing the lion’s share of all the earnings.

I hope that you are able to use my research in my Swiss Mine Review to make a decision.

If you do decide to become an affiliate with Swiss Mine, make sure you take the time to learn how to market yourself.

My FREE training can help you.

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