Looking for a Mintage Mining Review? You’re in the right place. Today we are looking at Mintage Mining and we are going to share our full review. If you’re wondering whether it’s a scam or a legit crypto mining keep reading as we will reveal everything.
Mintage Mining Review
As per the website, the company is a joint crypto mining platform that brings cryptocurrency enthusiasts together to mine the most current and profitable coin available weekly.
No information has been provided on their website about who owns or runs the company.
mintagemining.com, the website domain was privately registered on October 24th, 2017.
Though the summary of Mintage Mining’s compensation plan has been published by affiliates of Nui promoting it, Nui’s complete compensation documentation was published a few days ago.
Please read further on for a full review of the Mintage Mining MLM opportunity.
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Products
There are no retailable products or services offered by Mintage Mining. The affiliates are only able to market a Mintage Mining affiliate membership itself.
The Compensation Plan
The affiliates of Mintage Mining invest $25 or more to receive a weekly advertised ROI.
A $25 investment provides an affiliate of Mintage Mining with a “mining contract” that pays a weekly ROI for 52 weeks.
A referral commission of 10% is paid on funds invested by personally enlisted Mintage Mining affiliates.
Residual commissions are also given out on funds invested by enlisted affiliates, given out through a unilevel compensation structure.
An affiliate is placed at the top of a unilevel team by a unilevel compensation structure. Every personally enlisted 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 by Mintage Mining at ten. A 2% commission is given out as a percentage of invested funds across these ten levels.
The referral and residual commissions must be put towards new Mintage Mining $25 contracts.
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Membership
The affiliate membership is free. However, affiliates must invest at least $25 to take part in the attached income opportunity.
If an affiliate of Mintage Mining wishes only to earn referral and residual commissions, they can also qualify by producing 1000 CORE points in Nui.
Summing Up
According to the marketing copy on Nui’s website; as a partner with Mintage Mining, the members of Nui can take part in their Bonus Plan.
It provides miners the opportunity to earn rewards from the mining activity of anyone they directly refer (bonus units) and on team activity (override units).
It is pretty obvious Mintage Mining is being run by the company itself as an independent partner of Nui.
The platform is fully incorporated into Nui’s back-end. Nui’s downlines carries over. The affiliates can also qualify for bonuses by producing Nui CORE points, which is further evidence of complete integration.
It seems like the company has been set up as a “partnership” ruse solely as pseudo-compliance for what is apparently unregistered securities offering.
Nui, the US company is being operated out of Utah. Any securities offered by the company would need registration with the SEC, of which there is none.
Mintage Mining is a faceless company that provides no contact details. This is just like ExaCoin.
There is also the issue of whether Mintage Mining are actually mining.
They provide no proof of mining taking place or being used to pay affiliates a weekly ROI.
The only verifiable source of revenue is new affiliate investments. Mintage Mining is obviously a strong candidate for Ponzi fraud.
At best, Mintage Mining is Nui employed in the unlawful offering of unregistered securities.
At worst, the company is another crypto mining pool Ponzi scam.
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