Monetize Coin Review – Legit Company or Just Another Scam?
Welcome to my Monetize Coin Review!
There has been a so much buzz about this new company, I wanted to explore deeper and see what I could find!
I had so many questions, mostly because I want to share the best tips with you for investing…
You must have some questions about the company that need answers too!
Or do you just want to ultimately know if this company will come through with the claims they make on their website?
If the answer is, yes…
Well, you’ve come to the right place!
In my review on Monetize Coin, I am going to share with you the company’s history, the products and compensation plan, so you can decide whether or not to join based on real information.
Let’s take our first look at the company!
Monetize Coin Review – The Company
When you visit the company’s website, there is no available information on the administrators of the company.
After a bit more digging and some more research, I was able to find that the Monetize Coin website domain was registered privately as “monetizecoin.com” on the 28th of November in 2017.
Monetize Coin Reviews – The Products
Monetize Coin doesn’t have any products or services for affiliates to purchase or sell.
But anyone wanting to sign up as an affiliate with Monetize Coin can market the company affiliate membership.
The Monetize Coin Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates must buy into MNZ points at a rate of purchase from 37¢ per MNZ point.
Affiliates are then required to return their investment points back to the company as a loan with the agreement of a promoted monthly variable ROI.
- Invest $100 to $1000 and receive a monthly variable ROI for 239 days
- Invest $1001 to $5000 and receive a monthly variable ROI plus 0.1% bonus daily ROI for 179 days
- Invest $5001 to $10,000 and receive a monthly variable ROI plus 0.2% bonus daily ROI for 120 days
- Invest $10,001 or more and receive a monthly variable ROI plus 0.25% bonus daily ROI for 99 days
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team, which places any personally sponsored affiliate on level 1 immediately beneath the original affiliate.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then placed onto level 3, and any other levels are created the same way down a hypothetical never ending amount of levels.
The company currently caps payable unilevels at level 5.
The percentage rate paid out for commissions from the company is measured by the amount of money was invested with unilevel team affiliates among these 5 levels:
- Level 1 (personally sponsored affiliates) – 8%
- Level 2 – 3%
- Levels 3 and 4 – 1%
- Level 5 – 0.5%
Also, with the use of the same five-level deep unilevel team model, referral commissions are paid out by the company on ROI payments to downline affiliates:
- Level 1 – 4%
- Levels 2 and 3 – 1%
- Levels 4 and 5 – 0.5%
Cost To Join Monetize Coin
The cost to join Monetize Coin as an affiliate is free, although those affiliates with the free membership can only earn referral commissions.
Affiliates who want to fully participate in the company and Monetize Coin MLM income opportunity must invest a minimum of $100.
Verdict on Monetize Coin
Based on what this company is actually trying to sell you online, I would have to say I don’t think this company is 100% legit…
First off, the company says:
“The Monetize Bot automated traffic arbitrage system was developed for a large online casino back in 2008, starting with a team of two developers and an online marketing specialist who left the company to take the idea further.”
Well the “Bot” they are talking about is an automatic traffic arbitrage computer system they claim they have which is used to make profits and money for the company, which the company can then use to pay affiliates the ROI on their invested funds.
They say they are “a real company, with a real business with millions of dollars in revenue” …
But if they had millions in revenue, then why are they asking strangers online to come and invest their cash with the company?
This is how they try to explain the why the monetize bot works:
“The monetize Bot analyses 100’s of data points to predict which website visitor is likely to convert on one of the offers we are promoting.
Some of the data points that can be used to predict conversion percentage rates are user location, time of day, browsing device (desktop/tablet/mobile), the context of the page the user is browsing and the keywords used.
We also aggregate third-party cookie providers who provide data points such as user interest, hobbies, age, ethnicity, income level, employment status and purchase intent.
Not only can we tell when a user is in the market to buy a new laptop, we also know that the user is interested in losing weight or taking out car insurance.
This is the future of online marketing and we are at the forefront of it.”
Having a bot predict visitors’ next move at a casino may be all well and good if this company was running a casino and not online business…
But how is this technology to be applied here?
Yeah, this is a very hard spin they have put on the possibilities and capabilities of a robot.
The company also does not show proof of the bot, nor the millions it has helped produce for the company.
MNZ being pushed forth as a cryptocurrency doesn’t really add a specific niche in the MLM world.
It seems as though its real purpose is to get others to join as affiliates to invest, and then repeat the process, sponsoring new affiliates and getting new cash investments.
What’s the worst part about their business plan?
Administrators not being forthcoming about who they are.
The typical reasoning behind this is to evade paying taxes (and also to avoid being found and taken to court).
Like I said before, the money trail we can follow and know to be true is the new affiliates starting up and handing over their investments.
Admins of this company will just take the newly invested funds and use it pay out ROI owed to already existing affiliates, and this is an exact definition of scam.
The admins will start to pay out ROI until new sponsorship dies down or stops and then the admins will determine when a good time to walk away will be with the cash they have…
And since they are anonymous, they’ll never be found and your cash can never be recovered and replenished.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my Monetize Coin review and if you have any questions, please leave them in the comments below…
My #1 Recommendation
If you are struggling online and want to finally succeed with actual training, tools and mentorship to get you there…
The best part is you don’t have to recruit a single person which is insane 🙂
Plus there is a refund guarantee, so there is no risk.
Test it out for yourself below…
You will thank me later 🙂
Follow me on Social media below:
Add Me On SnapChat:
Snap Chat I.D: MillDrive
See you at the top,
P.S. Sign up for my news letter below and transform your life (serious people only…)