Looking for a Neo Mining & Technologies Review? You’re in the right place. Today we are looking at Neo Mining & Technologies 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 Neo Mining & Technologies Review so you can expect and honest review and not just another sales pitch like other reviews do!
Neo Mining & Technologies Review
No information has been provided by Neo Mining & Technologies on their website about who owns or runs the business.
The website o Neo Mining & Technologies is nothing more than an affiliate login page at the time of publication.
neominetech.com, the website domain of Neo Mining & Technologies was registered on September 23rd, 2017.
The owner is listed as Jesus Osuna, with an address in the US state of California also provided.
Further studies reveal marketing videos of Neo Mining & Technologies credited Jesus Osuna as CEO of the company.
In mid 2017, Osuna started promoting Neo Mining & Technologies, around the same time he started talking about cryptocurrency on his social media profiles.
Osuna co-founded Uvodi in 2015, a fitness-based income opportunity.
At present, Uvodi is still in business. However, the MLM opportunity appears to have been discontinued.
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Products
Neo Mining & Technologies does not offer retailable products or services. The affiliates are only able to market Neo Mining & Technologies affiliate membership itself.
The Compensation Plan
The affiliates of Neo Mining & Technologies invest in ethereum mining contracts, on the promise of a passive two-year ROI.
- $350 = 14 MH/s mining contract
- $1750 = 70 MH/s mining contract
- $3500 = 140 MH/s mining contract
Affiliate Ranks
There are 5 affiliate ranks within the compensation plan of Neo Mining & Technologies.
They are as follows:
- Affiliate : sign up and invest in a Neo Mining & Technologies mining contract
- Bronze : recruit 3 affiliates who invest in at least 1 mining contract each
- Silver : produce 4 personally recruited Bronze affiliates in your downline
- Gold : produce 4 personally recruited Silver affiliates in your downline
- Platinum : produce 4 personally recruited Gold affiliates in your downline
Residual Commissions (binary)
An affiliate is placed at the top of a binary team by a binary compensation structure, divided into 2 sides.
The 1st level of the binary team holds two positions. The 2nd level of the binary team is created by dividing these first 2 positions into another 2 positions each (4 positions).
Following levels of the binary team are created as required, with each new level holding twice as many positions as the previous level.
Positions in the binary team are filled through direct and indirect recruitment of affiliates. There is no limit to how deep a binary team can grow.
Residual commissions are paid by Neo Mining & Technologies based on sales volume created throughout the binary team.
Sales volume is tracked in points and created when recruited binary team affiliates invest in mining contract.
- a $350 mining contract produces 30 points
- a $1750 mining contract produces 150 points
- a $3500 mining contract produces 300 points
Neo Mining & Technologies tallies up new investment volume on both sides of the binary team at the end of each day.
The affiliates who have invested in the $350 and $1750 mining contracts get a $150 commission per 150 points matched on both sides of their binary team.
The affiliates who have invested in the $3500 mining contract get $1 per 1 point matched on both sides of their binary team (no minimum).
All affiliates of Neo Mining & Technologies are capped at $10,000 daily in residual binary commissions.
In order to qualify for residual binary commissions an affiliate of Neo Mining & Technologies must have directly or indirectly recruited 2 affiliates under them (one on either side of the binary team).
Residual Commissions (unilevel)
An affiliate is placed at the top of a unilevel team by a unilevel compensation structure. Every personally recruited affiliate is placed directly under them (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 unlimited number of levels.
The affiliates ranked Bronze and higher get residual commission when unilevel team affiliates invest in mining contracts:
- Bronze affiliates get $10 per $350 contract, $50 per $1750 contract and $100 per $3500 contract
- Silver affiliates get $25 per $350 contract, $125 per $1750 contract and $250 per $3500 contract
- Gold affiliates get $35 per $350 contract, $175 per $1750 contract and $350 per $3500 contract
- Platinum affiliates get $45 per $350 contract, $225 per $1750 contract and $450 per $3500 contract
Platinum Rank Achievement Bonus
The affiliates of Neo Mining & Technologies who qualify at the Platinum rank get a BMW I8 car.
There is also a cash percentage alternative offered for affiliates who don’t want the car.
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Neo Mining & Technologies Membership
Joining Neo Mining & Technologies is tied to a $350, $1750 or $3500 2-year ethereum mining contract.
To earn commissions and a monthly ROI, affiliates of Neo Mining & Technologies must preserve at least 1 active mining contract.
Neo Mining & Technologies accept PayPal, ethereum and bitcoin.
Winding Up
To measure whether Neo Mining & Technologies mining contracts were competitive, you can compared them to equivalent Genesis Mining ethereum contracts. Here is a review that we did on HashFlare, which is legit mining.
Genesis Mining sell ethereum contracts for
- $29.99 for 1 MH/s ($29.99 per MH/s)
- $869 for 30 MH/s ($28.96 per MH/s)
- $2799 for 100 MH/s (27.99 per MH/s)
Neo Mining and Technologies’ sell their contracts for $25 MH/s.
Genesis Mining’s ethereum contracts are so well-liked they’re regularly sold out, Neo Mining and Technologies cheaper contracts seem to offer extremely good value.
From the regulatory perspective of an MLM, there’s no getting around Neo Mining & Technologies operating as a recruitment-driven pyramid scheme.
Only affiliates can purchase contracts, meaning affiliates of Neo Mining & Technologies are getting paid to employ new affiliates.
Considering the ROI nature of Neo Mining & Technologies 2-year contracts, it’s clear that the company is offering an investment opportunity.
If we consider Neo Mining Technologies services offering, affiliates sign up and pay a fee to receive more than they paid over 2 years.
The affiliates of Neo Mining Technologies hand over money on the expectation of a passive ROI over 2 years.
That’s a security that requires registration with the SEC in the US.
Neither Neo Mining & Technologies or Jesus Osuna are registered with the SEC at the time of publication.
It makes Neo Mining & Technologies mining contracts an unregistered securities offering.
The offer of unregistered securities to US residents is illegal.
Osuna claim that Neo Mining & Technologies is “registered in California” and pulls out incorporation documents.
The good news is you can confirm Osuna’s claim on the Californiaa Secretary of State Website by punching in “neo mining”.
The bad news is, though Neo Mining & Technologies are authorized to offer shares, there’s nothing about their mining contract securities offering in the incorporation documents.
Also, securities are regulated at the state level by the California Department of Business Oversight in California.
Neo Mining & Technologies are not registered with the Californian DBO to offer securities in California.
Neo Mining & Technologies California incorporation is worthless from a securities regulation perspective.
It needs Neo Mining & Technologies to file explicit proof of external ROI revenue generation.
Neo Mining & Technologies is a company candidly incorporated in California that offers US residents a 2-year passive ROI on fixed deposits, coupled with a pyramid recruitment MLM business model.
None of it is registered with the appropriate authorities.
This most likely isn’t going to end well.
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