Coinye Coins is a multi-level marketing company that works in the cryptocurrency niche. Moreover, Coinye Coins is a cryptocurrency like Bitcoin that runs over the internet.
The company have an attached MLM opportunity with their cryptocurrency that their affiliate can use to earn money online.
If you are thinking to join the Coinye Coins MLM opportunity, then read this article till the end. It might change your opinion about joining the company.
In this article, I will do the unbiased review of Coinye Coins and tell you about their products, compensation plan and everything else you need to know about the company.
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In the past, the company coin name is Coinye West, but to the case, they changed their name to Coinye Coin. Currently, the development of the Coinye coins is dead, but they are still tradeable.
The company states that Robin Clayton is the CEO, and Clive Bruce is COO of the company. However, by doing further research, we get to know these details are not true.
The company domain was registered in 2015, but the address provided is not right. There are a lot of problems at the company. The past history of the company is not good.
You should think twice before investing in the company. How you can trust who cannot even show that who runs and owns the company. In this case, you had no idea who you are handing your hard-earned money.
Moreover, If you want to earn a good return on your investment then you should invest in Cryptocurrency Trading Bots. These computer-generated bots will help you to make profitable trades. So you can earn maximum return on your investment.
The company doesn’t have any retailable product or service that an affiliate can market. So the affiliate can only market the opportunity itself to earn commissions.
An affiliate can join the company by choosing one of the packages and earn commission by recruiting other affiliates to dot the same.
The company compensation plan revolves around affiliate investing in their packages which are as follows.
Moreover, Coinye pays its affiliate a commission when they recruit new affiliate to do the same.
The ROI coins that an affiliate can withdraw daily depends on the package they choose previously.
Moreover, Coinye also pays a 10% referral commission on funds invested by personally recruited Coinye Coins affiliates.
The 70% of the 10% commissions are paid in cash, and the remaining 30% is invested back in the company.
Coinye Coins pay the residual commission to the affiliates by using the binary structure. In binary structure, one affiliate is present at the top, and two are directly below it.
Similarly, two-two more affiliates are present below the above two affiliates. In the same way, it goes so on. Each position in the binary structure is filled either via direct or indirect recruitment of new affiliates.
At the end of the day, the affiliate earns 10% of funds invested on the weaker side. In this also the 70% of 10% is paid in cash and the other 30% is again invested back in the company.
The company pays the matching bonus on the residual commission earned by the affiliates. Coinye uses the uni-level compensation structure to pay residual commission to their affiliates.
In a uni-level compensation structure, one affiliate is present at the top, and three are below it, which forms level 1. Similarly, three-three more affiliates are present below the above three affiliates, which form level 2.
In the same way, it goes so on up to level 5. The company only pays the commission to the affiliate up to level 5. Moreover, the commission that any affiliate earn depends on their package.
Apart from all the commissions, the company also provide rewards to its affiliate when they achieve specific criteria.
However, these rewards are only to attract affiliate because it is challenging to complete the asked criteria. These rewards only benefit the company because the affiliate will do more and more hard work to achieve the requirements and to recruit affiliates.
Now by reading this article till now, you might have a question whether Coinye Coins is a scam or not. So the answer to this question is No Coinye Coins is not a scam company.
But if you consider the Ponzi recruitment scheme as a scam, then it must be a scam for you. In my opinion, it is not a scam company, but this doesn’t guarantee that you can make money with their scheme.
I will rate the company two stars out of 5 stars. There are a lot of problem with the company. Firstly their past history is not good, and there has no information about the real owner of the company.
Although Coinye Coins is a legit company, I would not recommend you to join their MLM opportunity.
Instead of investing in the Nexxus University, you can invest your money in legit Crypto Mining Companies. These companies are safe and far better than MLM scams.
I hope you guys find the Coinye Coins review helpful and it gives you detailed information about the company.
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