Welcome to our Coinifica Review!
There has been some buzz about this company so we decided to investigate what it was all about…
Some say it’s a scam while others Coinifica reviews are saying legit so what is it?
The good news is we are going to walk you through the company, products and compensation plan so you can make the right decision.
Let’s dig into this Coinifica review…
There is no information provided on their website about who owns or runs the business.
coinifica.com, the website domain was registered on March 1st, 2017.
The owner is listed as Mario Cappellery, through what appears to be a fake address in the UK.
Coinifica, which was incorporated in the UK on March 10th is tied to Coinifica LTD.
The sole Director of the company is listed as Mario Cappelleri, through the same fake UK address.
UK incorporation is for the most part unregulated and cheap. They are mostly used by dodgy company owners in MLM.
Outside of the website domain registration no information on Cappelleri exists, casting doubt on whether he’s an actual person.
On the Website, the offered languages include English and Russian, pointing out the company is likely being run elsewhere in Europe.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or handing over any money.
Products of Coinifica
There are no retailable products or services offered by Coinifica. The affiliates are only able to market Coinifica affiliate membership itself.
The Compensation Plan of Coinifica
The affiliates of Coinifica invest funds on the promise of a 3% daily ROI for 50 days (150%).
Referral commissions are given out on funds invested by downline affiliates, paid out down 3 levels of recruitment (unilevel):
- level 1 (personally enlisted affiliates): 7%
- level 2: 2%
- level 3: 1%
The affiliates of Coinifica who elect to sign up as “local representatives receive an increased 8% level 1 commission rate.
It is free to be an affiliate member of Coinifica. However, free affiliates only earn referral commissions.
To fully partake in the Coinifica income opportunity, you need a minimum $10 investment.
Coinifica asserts to produce ROI revenue via “cryptocurrency trading and alternative asset management”.
The fact that neither cryptocurrency trading or asset management offers a fixed daily return can be red flagged.
Besides, they offer no proof of crypto trading or asset management taking place.
The business model also fails the Ponzi logic test.
If the anonymous owner(s) of Coinifica were able to legitimately produce a consistent 3% daily ROI (that’s 1095% yearly without compounding), they’d have no reason to solicit investment from randoms over the internet.
The truth behind Coinifica is that new affiliate investment is the only verifiable source of revenue.
The use of newly invested funds to pay off existing investors makes Coinifica a Ponzi scheme.
Like all Ponzi schemes, once affiliate recruitment slumps down so too will newly invested funds.
Coinifica of ROI revenue will starve, eventually prompting a collapse.
The arithmetic behind a Ponzi scheme guarantees that when they collapse, most of the investors lose money.
Aaron and Shara What Do You Suggest?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
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If you don’t want to be in a business that requires you to host home parties or call all your friends and recruit your family to buy your stuff no worries.
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