Thanks for stopping by to read our MartCoin review.
MartCoin, found online at MartCoin.io is a global betting, lending, and spinning platform. Lets dig more how it works today in our review.
MartCoin Review
No information has been provided by MartCoin on their website about who owns or runs the business.
martcoin.io, the MartCoin website domain was privately registered on October 11th, 2017.
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 MartCoin
There are no retailable products or services offered by MartCoin. The affiliates only able to market MartCoin affiliate membership itself.
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The Compensation Plan
The affiliates of MartCoin invest in MART points to receive a daily ROI (paid in MART points).
- Package 1 : invest $100 to $1000 to get a daily ROI for 189 days
- Package 2 : invest $1010 to $10,000 to get a daily ROI for 159 days
- Package 3 : invest $10,010 to $100,000 to get a daily ROI for 129 days
- Package 4 : invest $100,010 to $500,000 to get a daily ROI for 99 days
- Package 5 : invest $500,010 to $1,000,000 to get a daily ROI for 79 days
- Package 6 : invest $1,000,010 to $3,000,000 to get a daily ROI for 49 days
- Package 7 : invest $3,000,010 or more to get a daily ROI for 29 days
The daily ROI rate is paid out through a “spinning program.” It is basically a digital wheel with varying ROI percentages on it.
Referral commissions are given out on funds invested by downline affiliates; give out through a unilevel compensation structure.
An affiliate is placed at the top of a unilevel team by a unilevel compensation structure. Each personally recruited affiliate is placed directly under them at level 1.
When any level 1 affiliate recruits new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
When any level 2 affiliate recruits new affiliates, they are placed on level 3 and so on down a theoretical infinite number of levels.
The payable unilevel levels are capped at 7 by MartCoin. The commissions are paid out as a percentage of invested funds across these 7 levels:
- level 1 (personally recruited affiliates) : 10%
- level 2 : 3%
- levels 3 and 4 : 1%
- level 5 : 0.5%
- level 6 : 0.3%
- level 7 : 0.2%
MartCoin Membership
The affiliate membership of MartCoin is free. However, free affiliates can only earn referral commissions.
In order to partake fully in the MartCoin income opportunity a member needs a minimum $100 investment.
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Summing Up
MartCoin is yet another worthless altcoin ICO formed solely to make the anonymous owners money.
Susceptible investors exchange real money for worthless MART points, on the promise to get rich.
Despite asserting to have a clear and specific plan for Martcoin to reach $290 by the end of Q2-2018, there is no practical use for MART points outside of the income opportunity.
The points are not tradeable in public and cannot be used for any real world application. There is no real supply and demand and MART’s value is linked to affiliate recruitment of MartCoin.
An interesting twist is the lottery style ROI system. Although all it actually does is change your typical fixed lending ROI to a variable.
The system is rigged no doubt not to exceed a set daily cap. The wheel itself is just an illusion.
Seeing as all the owners are doing is offloading pre-generated points in any event this is just a creative imagination. 🙂
MartCoin commissions are paid both via an internal exchange and on recruitment.
Converting MART points into real money again via the exchange sees newly invested funds used to pay existing investors, making the company a Ponzi fraud. Paying commissions on new memberships adds an additional pyramid layer to the scheme.
ROIs are paid out via the internal exchange until recruitment of affiliate inevitably slows down and invested funds run low.
The admins stop paying out at that point and vanish with what’s left. MartCoin’s admins claim to have taken in $5.5 million USD to date.
Early investors make a bit via ROI withdrawals while they last, and also via pyramid recruitment. The rest, which is the vast majority of investors, loses out.
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