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Looking for a Mining Max Review? You’re in the right place. Today we are looking at Mining Max Review and we are going to share our full review. If you’re wondering whether it’s a scam or a legit company keep reading as we will reveal everything. Also we are not an affiliates for Mining Max Review so you can expect and honest review and not just another sales pitch like other reviews do!
Mining Max Review
Mining Max gives no information about who runs or owns the business on their website.
On September 1st, 2016, the Mining Max website domain (“miningmax.net”) was secretly registered.
YouTube video titled “Mining Max Introduction” signs Daniel Park as Chairman and Founder of the company, on April 6th.
No additional information about Park is given (we could not find anything either).
On their site, Mining Max gives a Nevada incorporation number. However, the corporate address given for the company is in California.
Even if Mining Max remains in the US other than in name only is unclear.
Japanese, Korean, Chinese and English are Offered languages on the Mining Max website, with Korean being the most prominent.
Following this, Alexa at present estimate that 66% of traffic to the Mining Max site begins out of South Korea.
A Max Mining marketing presentation also remarks the company uses an “internet data centre” in Seoul, the capital of Korea.
Generally, if an MLM company is not open about who owns or runs it, think hard and long about joining and/or giving up any money.
Mining Max Products
Mining Max has no retail able services or products, with affiliates just able to display Mining Max affiliate membership itself.
The Mining Max Compensation Plan
Mining Max affiliates contribute $3200 on the guarantee of a daily ROI paid out for two years.
On every $3200 invested by personally recruited affiliates a $200 referral commission is paid out.
Mining Max pay residual commissions through a binary compensation structure.
A binary compensation structure puts an affiliate at the highest point of a binary team, separated into (two sides) left and right:
The first level of the binary team has got two positions. The second level of the binary team is formed by separating these first two positions into additional two positions each (4 positions).
Successive levels of the binary team are produced as required, with each new level having twice the number of positions as the previous level.
Positions in the binary team are filled through indirect and direct enrollment of affiliates. Take a note that there is no limit to how vast a binary team can grow.
Eventually, on both sides of the binary team Mining Max tally up new $3200 investments.
Affiliates are paid $140 per $3200 investment coordinated on both sides.
The amount of Mining Max an affiliate can earn every day in binary commissions is decided by how much they have invested themselves:
- invest $3200 and gain a maximum $500 a day
- invest $9600 and gain a maximum $1500 a day
- invest $16,000 and gain a maximum $3000 a day
- invest $22,400 and gain a maximum $5000 a day
- invest $32,000 or more and gain a maximum $10,000 a day
With unmatched amounts carried over on the stronger side, matched $3200 investments are removed on both the sides of the binary team.
On binary commissions, Mining Max affiliates gain a matching bonus, that are paid to their downline.
The Matching Bonus is paid out through a unilevel compensation structure.
A unilevel compensation structure puts an affiliate at the highest point of a unilevel group, with every personally enrolled affiliate put directly under them (level 1).
If any level 1 affiliates enroll new affiliates, they are put on level 2 of the original affiliate’s unilevel group.
If any level 2 affiliates enroll new affiliates, they are put on level 3 and so on down a theoretical infinite number of levels.
At level ten is Mining Max top payable unilevel and across these ten levels they pay a 5% matching bonus.
What number unilevel levels a Mining Max affiliate is able to earn on is again decided by how much they have invested:
- invest $3200 and gain a 5% Matching Bonus over two levels
- invest $9600 and gain a 5% Matching Bonus over four levels
- invest $16,000 and gain a 5% Matching Bonus over six levels
- invest $22,400 and gain a 5% Matching Bonus over eight levels
- invest $32,000 or more and gain a 5% Matching Bonus over ten levels
Mining Max claim ROI payouts are produced through Ether mining, with 7% of the mining profit reserved for the Mining Bonus.
The Mining Bonus seems to utilize the same unilevel group structure as the Matching Bonus, to be paid down twenty levels.
Particular Mining Bonus payments are not given in the Mining Max compensation documentation.
An affiliate must invest $9600, to qualify for the Mining Bonus.
An affiliate can also produce two new positions inside their unilevel team to gain extra Mining Bonus from.
- invest $16,000 and get a second unilevel position
- invest $32,000 and get a third unilevel position
Star Sharing Bonus
Mining Max puts 3% of their asserted mining output every month into the Star Sharing Bonus.
Mining Max affiliates get a portion in one of five Star Sharing Bonus pools, depending on their Star Sharing Bonus Pool rank:
- 1 Star (contribute at least $32,000) – one portion in a 50% Star Sharing Bonus pool
- 2 Star (contribute at least $64,000) – one portion in a 20% Star Sharing Bonus pool
- 3 Star (have a 2 Star ranked affiliate on both sides of your binary team and contribute at least $96,000) – one portion in a 15% Star Sharing Bonus pool
- 4 Star (retain an active investment of at most $96,000, produce at least $1.6 million in downline investment volume and gain a 3 Star ranked affiliate on both sides of your binary team) – one portion in a 10% Star Sharing Bonus pool
- 5 Star (retain an active investment of at most $96,000, produce at least $3.2 million in downline investment volume and gain a 4 Star ranked affiliate on both sides of your binary team) – one portion in a 5% Star Sharing Bonus pool
Joining Mining Max
Mining Max affiliate membership is fixed to an investment of at most $3200 every two years.
Full cooperation in the Mining Max income opportunity costs $96,000.
Mining Max have a partnership with in South Korea and claim to be mining ether in facility.
The company gives no proof of any mining occurring, with the back office similar to the Ponzi points model utilized by similar schemes.
Even though we give Mining Max the benefit of the doubt in any case, serious consent issues are still obvious.
First and foremost is supposedly US company giving securities to US resident.
During publication Alexa remarks that the US is the second largest source of traffic to the Mining Max site.
Providing securities to US residents needs registration with the SEC. For “Mining Max”, a search of the SEC’s database turns up nothing.
Mining Max’s referral bonuses and commissions additionally constitute pyramid fraud with no retail offering.
Affiliates contribute and are paid to enroll new investors, with nothing sold or marketed to retail customers in the process.
These two consent issues are sufficient to see the company close down should the SEC investigate, by any means whether any actual ether mining is occurring or not.
One Mining Max production I watched, guaranteed bank wire specifics for the company had recently changed, referring the company is already feeling regulatory heat.
Mining Max’s compensation plan links up a good portion of funds contributed.
However, in spite of this, Mining Max asserts they were paying $45.36 a day for every $3200 investment back in March.
That is, above 30% of mining output the anonymous admin(s) operating Mining Max keep for themselves.
Mining Max is doing a bit of ether mining in the background, although hardly enough to represent for affiliate daily ROIs completely. Much the less a reliable ROI for two years.
The mining ruse is especially convenient for companies not involved in mining, as it gives them an out when the scheme begins to collapse.
The cost of the cryptocurrency that is being mined is usually blamed, as well as a rise in mining costs and diminished mining output.
To date I’m not familiar of any MLM company who assert they are mining to be able to maintain ROI payments for two years or more.
BitClub Network is possibly the longest (as they were one of the first and people had not wised up), but they ought to scrap ROIs on initial investments prematurely.
Pending the SEC mediating and/or affiliate recruitment diminishing well before two years, it’s expected Mining Max investors are in for a bumpy ride.
Aaron and Shara What Do You Suggest?
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