Neo Mining & Technologies Review – Legit or Huge Scam? Find Out…
Welcome to my Neo Mining & Technologies Review!
This company recently showed up on my radar, so I had to dive in and find out what it was all about…
There’s a chance that someone has told you about this business recently, or maybe you came across it on your own…
Now you’re probably here because you are wondering if this company is actually legit, right?
I am glad you’re getting your research done before you decide to join…
A lot of people jump into companies like this, then lose their investment because they failed to see some huge red flags.
In my blog post, I am going to walk you through the company history, the products and their compensation plan, so you can make the right decision whether to join or not…
Come on, and let’s find out if they’re legit or a scam!
Neo Mining & Technologies Review – The Company
The company website does not offer information regarding the owners or operators of the company.
As of today, the company’s website is just a login page.
So, I dug around a bit more and I was able to find out that Neo Mining & Technologies website domain was registered as “neominetech.com” on the 23rd of September in 2017.
There is a California (USA) address listed for the owner who is identified as Jesus Osuna.
More research showed that the marketing videos is where Jesus Osuna is accredited as the company’s CEO.
It was mid 2017 when Osuna started discussing cryptocurrency on his social media profiles and began promoting the company.
Osuna also has a fitness-based business opportunity which he co-founded in 2015 called Uvodi, but it seems to have since collapsed (although the website is still up).
Neo Mining & Technologies Reviews – The Products
Neo Mining & Technologies doesn’t have any products or services for affiliates to purchase or sell.
Anyone who joins as an affiliate with Neo Mining & Technologies simply market the company affiliate membership.
The Neo Mining & Technologies Compensation Plan
Affiliates looking to take part in the company compensation plan must sign up and invest into the company.
Company affiliates are promised a passive 2-year ROI as they invest in Ethereum mining contracts.
- $350 = 14 MH/s mining contract
- $1750 = 70 MH/s mining contract
- $3500 = 140 MH/s mining contract
Neo Mining & Technologies Affiliate Ranks
The company has 5 affiliate rankings in their compensation plan.
Here are the ranks with their qualifying criteria:
- Affiliate – Sign up and invest in a Neo Mining & Technologies mining contract
- Bronze – Sponsor three affiliates who invest in at least one mining contract each
- Silver – Generate four personally sponsored Bronze affiliates in your downline
- Gold – Generate four personally sponsored Silver affiliates in your downline
- Platinum – Generate four personally sponsored Gold affiliates in your downline
Residual Commissions (binary)
The company uses a binary compensation model to pay residual commissions to its affiliates.
The binary compensation model puts an affiliate at the top of a binary team, where the next level is divided into a left and right side.
The 1st level of a binary team has two positions and the 2nd level is created by dividing the first two positions into a further two positions each, generating 4 positions in total on level 2.
Any future levels of the binary team are made as needed, and each new level will hold two times as many positions as the level above it.
Binary team positions are filled through direct and indirect sponsorship of new affiliates.
NOTE: The company does not limit the growth of how deep a binary team may grow to.
Sales volume within the binary team determines residual commissions paid out by the company.
The sales volume is tracked by the company through points which are earned when newly sponsored affiliates invest in mining contracts.
- A $350 mining contract generates 30 points
- A $1750 mining contract generates 150 points
- A $3500 mining contract generates 300 points
The end of each day is when the company adds up new investment volume made on both the left and right side of the binary team.
Those affiliates that invested in mining contracts at $350 and $1750 will earn $150 in commissions for every 150 points matched on both the left and right side of the binary team.
Those affiliates that invested in the mining contract of $3500 will earn $1 for every 1 point matched on both the left and right side of the binary team (without a minimum).
NOTE: Residual Binary commissions are capped by the company at $10,000 a day.
To qualify for residual binary commissions, affiliates must have directly or indirectly sponsored 2 affiliates under him or her (1 per side of the binary team).
Residual Commissions (unilevel)
The company uses a unilevel compensation model to pay out residual 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 right underneath 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 levels continue to be created like this down a hypothetical never ending amount of levels.
When unilevel team affiliates invest in mining contracts, affiliates ranked at Bronze or higher will earn residual commissions:
- Bronze affiliates receive $10 per $350 contract, $50 per $1750 contract and $100 per $3500 contract
- Silver affiliates receive $25 per $350 contract, $125 per $1750 contract and $250 per $3500 contract
- Gold affiliates receive $35 per $350 contract, $175 per $1750 contract and $350 per $3500 contract
- Platinum affiliates receive $45 per $350 contract, $225 per $1750 contract and $450 per $3500 contract
Platinum Rank Achievement Bonus
Qualified Platinum ranked affiliates will get a BMW I8 car.
For those affiliates who do not want the BMW I8, a cash percentage alternative is also offered by the company.
Cost To Join Neo Mining & Technologies
The cost to join Neo Mining & Technologies as an affiliate will be a 2-year ethereum mining contract at a cost of $350, $1750 or $3500.
Affiliates must have a minimum of 1 active mining contract to earn commissions and a monthly ROI.
The method of payment for the affiliate membership can be done through: PayPal, ethereum or bitcoin, as the company accepts all 3 payment options.
Verdict of Neo Mining & Technologies
Now that we’re at the end of my review, I can say after my research that the company doesn’t seem to be 100% legit…
Neo Mining & Technologies offers their contracts for $25 MH/s, and when you consider this against other companies out there on the market, this is sitting at a pretty good value.
Here’s a comparison to the Genesis ethereum contracts:
- $29.99 for 1 MH/s ($29.99 per MH/s)
- $869 for 30 MH/s ($28.96 per MH/s)
- $2799 for 100 MH/s (27.99 per MH/s)
Now how are they able to undersell one of the hottest ethereum cloud mining companies out there and continue to pay a lot of money in sponsorship commissions?
When you take a look at the MLM regulatory side of things, there is no doubt that the company operates as a sponsorship-driven pyramid scam.
Any way you look at it, affiliates are handing over their hard-earned cash with the expectation of a passive ROI earnings.
These types of investments should be classified as a security, and in the US that requires a registration with the SEC, and from what I can tell the company was not registered at the time of this publication, nor was Jesus Osuna.
Just to let you know, if you offer US residents unregistered securities, you are doing something that is illegal.
This registration is important because it shows proof that there is external ROI revenue being earned.
Saying and showing the proof are two different things…
And the SEC registration would require the full disclosure of this info to the general public…but there is no such disclosure…
At the end of it, we have company offering a 2-year passive ROI on fixed deposits, which is tied to a pyramid sponsorship scam presented in a MLM business style.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my Neo Mining & Technologies review and if you have any questions, please leave them in the comments below…
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