Thanks for stopping by to read our CoinMD 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 CoinMD reviews are saying legit so which one 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 CoinMD review…
CoinMD gives no information about who claims or maintains the business on their site.
The website domain (“coinmd.io”) was secretly enlisted on May 3rd, 2017.
Additionally research uncovers Tom McMurrain referring to himself as CEO of the organization in the CoinMD compensation plan.
Why this data is not given on the CoinMD site is unclear.
Tom McMurrain first showed up as a noticeable US investor in the OneCoin Ponzi scheme.
McMurrain ceased effectively promoting OneCoin around mid-May, soon after enrolling the CoinMD site domain. Regardless of whether McMurrain is as yet an OneCoin member or not is unknown.
On the administrative side of things, McMurrain is a convicted criminal.
In the vicinity of 1997 and 2000 McMurrain stole $9 million from 80 investors in a pay-day loan Ponzi plot he called Emergency One Cash Card Inc.
In September 1997, McMurrain, a previous securities merchant, framed an organization called ” Emergency One Cash Card Inc.”
The organization made two-to four-week loans of about $300 and $500 to low-pay borrowers at high interest rates (between 22% and 25% a month) utilizing car titles as security.
McMurrain started the business with a store front at Tower Place in Buckhead. In the end, he extended the organization to areas in Buford, Smyrna and Decatur, Ga., and a holding organization called ” Emergency One Holding Corp.”
McMurrain additionally made an boiler-room operation, “American Call Centre,” so potential clients could obtain cash by telephone.
After some time, McMurrain utilized 10 to 20 individuals to deal with the storefronts and regulate the operations, while McMurrain requested investors to pump cash into his organizations.
For their investment, McMurrain guaranteed potential investors a 15% to 36 % rate of profit every year— a rate considerably higher than accessible economically.
McMurrain neglected to tell investors his business was working at a misfortune and the business was just ready to make month to month premium instalments to past investors with funds contributed by later investors.
He additionally did not unveil he utilized their investments to finance non-pay day loan businesses, including an advance of $700,000 to another McMurrain organization, ” Global E Tutor Inc.”
McMurrain likewise utilized investor funds to make uncollateralized advances to companions, and McMurrain neglected to unveil to the investors that he burned through $1.3 million of their interests in day trading and on a rich way of life for himself.
In August and September of 2000, the business failed and McMurrain's business declared bankruptcy in late 2000.
At the point when the organization went bankrupt, McMurrain and his close family fled to Central America.
After Bananama Republic written about two arrest warrants issued against McMurrain, he sued them.
McMurrain lost the case and appealed, however before the appeal was settled on was captured in 2004 on the previously mentioned warrants.
Different cases included boating under the influence, attack, more fraud — McMurrain ran a high profile burglars cave in Panama under the name “San Cristobal Land Development”.
In 2005 McMurrain was condemned to 87 months in jail and needed to pay back $7.5 million he had stolen.
McMurrain was released in 2009/2010, after which he joined as a subsidiary with the TVI Express.
In 2010 McMurrain's home state Georgia proclaimed TVI Express was a fraudulent business model.
Recently McMurrain has been intensely involved in the crypto currency niche. The main MLM opportunity I'm mindful McMurrain has been promoting OneCoin.
OneCoin stopped processing affiliate Ponzi focuses ROI withdrawals back in January. From that point forward affiliates have just possessed the capacity to acquire pyramid recruitment commissions, so I figure here we are with CoinMD.
CoinMD has no retainable services or items, with associates just ready to show CoinMD affiliate membership itself.
The CoinMD Compensation Plan
CoinMD partners put resources into CoinRewards points, in the desire they'll have the capacity to cash the points out for a higher incentive at a later date.
- MD1 – contribute $1000 and get 50,000 CoinRewards points
- MD3 – contribute $5000 and get 150,000 CoinRewards points
- MD5 – contribute $10,000 and get 500,000 CoinRewards points
- MD10 – contribute $25,000 and get 1,500,000 CoinRewards points
- MD15 – contribute $50,000 and get 5,000,000 CoinRewards points.
CoinRewards points can be negotiated for CoinMD which is a non-public crypto currency.
CoinMD completely control and set the estimation of the CoinMD crypto currency.
Before we get into particular commissions, take note of that acquiring potential for CoinMD partners is topped in light of the amount they contribute:
- MD1 – single binary position topped at $3000 seven days
- MD3 – three binary positions topped at $5000 seven days each ($15,000 total)
- MD5 – seven binary positions topped at $15,000 seven days each ($105,000 total)
- MD10 – seven binary positions topped at $30,000 seven days each ($210,000 total)
- MD15 – fifteen binary positions topped at $30,000 seven days each ($450,000 total)
According to the CoinMD compensation plan, 30% of every single earned commission are paid out in CoinRewards points.
CoinMD Affiliate Ranks
There are five ranks inside the CoinMD compensation plan.
Alongside their qualification criteria, they are as per the following:
- Legionnaire – produce in any event $999 in month to month downline investment volume and recruit no less than one associate who has contributed
- Praetor – produce in any event $50,000 in month to month downline investment volume (33% in the weaker double side) and recruit and keep up no less than five Legionnaire positioned partners (no less than two on the weaker binary side)
- Centurion – create in any event $150,000 in month to month downline investment volume (33% in the weaker binary side) and recruit and keep up no less than ten affiliates who have contributed (three must be Praetor positioned with no less than one Praetor on the weaker binary side)
- Senator – produce at any rate $350,000 in month to month downline investment volume (33% in the weaker binary side) and recruit and keep up no less than fifteen affiliates who have contributed (six must be Centurion positioned with no less than two on the weaker binary side)
- Imperator – produce in any event $750,000 in month to month downline investment volume (33% in the weaker binary side) and recruit and keep up no less than twenty-one partners who have contributed (nine must be Senator positioned with no less than three on the weaker binary side)
CoinMD affiliates are paid a percentage of funds contributed by personally recruited affiliates.
The amount of a percentage they are paid is determined by their CoinMD partner rank:
- Legionnaire – 10%
- Praetor – 15%
- Centurion – 20%
- Senator – 25%
- Imperator – 30%
A 100% reward in CoinRewards is paid out on recruitment commissions earned inside a CoinMD affiliate’s initial thirty days with the organization.
CoinMD pay leftover commissions by means of a binary compensation structure.
A binary compensation structure puts a member at the highest point of a binary team, part into two sides (left and right):
The main level of the parallel binary team two positions. The second level of the binary team is created by splitting these initial two positions into another two positions each (4 positions).
Resulting levels of the binary team are created as required, with each new level lodging twice the same number of positions as the past level.
Positions in the binary team are filled through immediate and indirect recruitment of partners. Note that there is no restriction to how deep a binary team can develop.
Toward the finish of every week CoinMD count up recently contributed funds on both sides of the binary team..
Affiliates are paid 10% of funds created on their weaker binary side (the side with less venture volume).
Remaining volume on the stronger binary side is continued the next week.
Venture volume flushes on both sides of the binary team if both sides hit a base $300,000 in week by week volume.
CoinMD associates procure a Matching Bonus on leftover commissions paid to their downline partners.
The Matching Bonus is paid out through a unilevel pay structure.
A unilevel compensation structure puts a subsidiary at the highest point of a unilevel group, with each personally recruited member set specifically under them (level 1).
In the event if any level 1 affiliate enlist new associates, they are set on level 2 of the first affiliate unilevel group.
On the off chance that any level 2 partners select new affiliate, they are set on level 3 and so om down a hypothetical infinite number of levels.
CoinMD unilevel top payable levels at four, with relating Matching Bonus percentages on each level as follows
level 1 (actually enlisted partners) – 10%
- level 2 – 10%
- level 3 – 20%
- level 4 – 25%
Rank Achievement Bonus
CoinMD affiliates get a one-time Rank Achievement Bonus when they qualify at the Praetor and higher positions:
- qualify as a Praetor affiliate and get $500
- qualify as a Centurion affiliate and get $1500
- qualify as a Senator affiliate and get $2500
- qualify as an Imperator affiliate and get $5000
CoinMD affiliate membership is $29.95 every year in addition to interest in one of the following membership alternatives
- MD1 – $1000 for a 1 year membership
- MD3 – $5000 for a 3 year membership
- MD5 – $10,000 for a 10 year membership
- MD10 – $25,000 for a 10 year membership
- MD15 – $50,000 for a 15 year membership
Toward the finish of every membership period a $199 charge is payable.
The primary distinction between the above affiliate membership choices is income potential by means of the CoinMD compensation plan.
The marketing pitch on the CoinMD site gabs on about getting CoinRewards points when chosen health services providers are utilized.
CoinMD is a private membership association that gives a dedication Crypto-Rewards program for carrying on with a Healthy and Wealthy Lifestyle.
Individuals get CoinRewards when they join, when they utilize our favoured system of suppliers and when they refer others to join CoinMD.
Likewise, with OneCoin's ” education packages “, this is only a ploy for affiliate investment into CoinRewards points.
CoinRewards points are useless outside of CoinMD. Their main role is limit what number of CoinMD points an affiliate gets when they put resources into a CoinMD affiliate membership package.
CoinMD points are additionally useless. Touted as cryptographic money, CoinMD focuses are neither freely tradable nor usable for something besides liquidating out a ROI.
As our group develops globally so will the estimation of YOUR CoinMD.
The above, taken specifically from the their site, uncovers CoinMD's sole source of income is new subsidiary investment.
Tom McMurrain expands the estimation of CoinMD focuses as he sees fits. At the point when affiliates put in a withdrawal request, CoinMD pays a powerful ROI on contributed CoinMD using subsequently invested affiliate funds.
This characterizes CoinMD as a Ponzi plot.
Pyramid recruitment is additionally an issue, instead of rewarding affiliates for making retail deals, CoinMD's compensation documentation expresses the ” goal” of the model is to energize the practices of individual sponsorship and helping other people accomplish rank, building authority inside and out and working towards earning CoinRewards.
What's more is CoinMD won't be paying affiliates for no less than a year.
All Commissions will be paid in gift codes – No money pay-outs will be made in the initial 12 months.
Gift codes are useless and must be utilized to enroll new CoinMD associates. Another affiliate joins, pays the individual who recruited them and gets a CoinRewards giftcode of proportionate value.
This is successfully a trick inside a trick, as these invested funds are not recorded on company's accounting records.
Having officially gotten a long sentence for mail and wire fraud, why McMurrain is again engaging in Ponzi extortion is misty. Maybe as a main OneCoin US subsidiary, the cash he stole has given him an artificial sense of confidence.
McMurrain can enlist an Indian Ocean area however by the day's end he's a US resident working an investment scheme out of Georgia.
The CoinMD Terms of Service state they're represented by the laws of Wyoming, however that is probably not going to trick controllers either.
Through CoinMD McMurrain is putting forth securities. In particular, the members put resources into CoinRewards and the company focuses on the expectation of a passive ROI.
A securities contribution to US residents requires registration with the SEC, yet a search of the Edgar database turns up zero for CoinMD or CoinMD Inc.
At the time of production CoinMD has a tentative launch date of July 15th. Given McMurrain's past, should the organization take-off I can't envision it'll take much for the SEC to take notice.
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.
We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit.
That is why, we first started out by learning how to become a good marketers, but in this business you don't have to be a good marketer at all!
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.
We have the perfect business for you where you don’t have to recruit, you don’t have to own any product if you don't want to and oh did we mention it’s ONLY $3 to start!!!
You will learn step by step on how to build a profitable business online WITHOUT having to market or recruit anyone else!
You will also get a one on one adviser to help you every step of the way.
Anyways, we hope you enjoyed the Review. Please comment below if you are part of this company as our readers would love to know how you are doing.
Also, if there are any products or companies out there you want us to review please let us know!
Follow Us on Social Media Below (We are a Real People :)):