This company, mining capital coin has been getting a lot of waves on the social media recently, and i am very sure you might have been pitched to join it. Right?
We all have had many experiences with HYIP and Ponzi schemes in the past, which later turned out to be scam sites and also made away with our money at some point.
If you have known this blog for long, you will also have known that i lost some money to MMM and GHW in the past, and until now, i am still trying to recover all that i lost from these scam systems.
Before i get started with this review on the mining capital coin system, i will like to let you know that am not in any way their affiliate or supporter.
In this article, i have gathered all the detail concerning this Mining Capital Coin (MCC), so you can actually make an informed decision towards investing in this company.
What is mining capital coin?
Looking at Mining Capital Coin company’s website, it doesn’t take long to see that we’re dealing with another MLM entity that fails to offer concrete background info on its official website – www.miningcapitalcoin.com
Look around as much as you want, you won’t find any mention of who owns Mining Capital Coin, where in the world it’s based out of, when it was founded, etc.
All of this makes the company feel incredibly faceless, and that’s never a good look. However, should you decide to do a bit more digging, it is possible to put some puzzle pieces together.
On Mining Capital Coin’s marketing material, it’s stated that “the company’s office located in Boston, Mass.” The default language for the company’s site is in Portuguese, and along with this, the comp plan makes a few nods at the Brazilian Real.
Along with this, a promotional video for Mining Capital Coin that was uploaded two months back indicates Jr. Caputti is the company’s CEO.
Caputti also uses his Facebook page to claim he previously worked for the United States Department of Homeland Security, Massachusetts Department of Education, and recently shared a photo of him buying a new Porsche.
Mining capital coin products
Mining capital coin login page shows no retail products on offer. All its affiliates have to offer is its lofty claims and affiliate membership benefits.
To not much surprise, you won’t find any sort of product line being offered by Mining Capital Coin. There aren’t any goods or services being sold to retail customers, and as such, there’s not a trace of retail sales activity to be seen.
The only thing affiliates can market to non-members is Mining Capital Coin’s affiliate program, and the main draw to this is the bundled income opportunity.
Mining capital coin (MCC) claims
Mining Capital Coin claims to channel its affiliates investments into cryptocurrency mining, forex trading, sports trading and crypto coin exchange in return for a steady ROI over a duration of 52 weeks.
There has been no proof of its involvement in crypto-mining, forex trading, sports trading or whatever venture it advertises. Apparently, affiliates on this platform invest on unverified claims – a move which I consider to be nothing short of pure lack of wisdom.
Furthermore, Mining Capital Coin encourages its affiliate to invite others into the platform and earn bonuses from their investments. This is a feature I find particularly worrying because it has been consistent with a variety of shady platforms we have reviewed in the past.
Mining capital coin plans
Looking a bit closer at the income opportunity, Mining Capital Coin affiliates are asked to invest between $250 and $5000 so they can start earning on a 52-week ROI.
Mining Capital Coin has five levels of investment to choose from, including:
- Silver – Affiliates invest $250 to earn $60/month
- Gold – Affiliates invest $500 to earn $120/month
- Premium – Affiliates invest $1000 to earn $240/month
- Platinum – Affiliates invest $2000 to earn $480/month
- Diamond – Affiliates invest $5000 to earn $1200/month
Affiliates can also earn cash through recruitment and residual commissions.
Recruitment commissions are paid directly and increase as you convince people to invest more and more into the company, whereas residual commissions are handled using a binary system.
What does it take to join?
If so, you’ll need to invest in one of the following investment tiers mentioned above. Along with this, all affiliates are required to pay a $50 activation fee no matter which plan they invest in.
In a situation where you find yourself accidentally invested in this scheme, and notice that you either refer people to join or lose money, here is what you stand to gain on every successful referral you mislead.
- You get $12.50 on every silver affiliate you recruit
- $25 on every gold affiliate
- $50 on every premium affiliate
- $100 on every platinum affiliate
- And $250 on every diamond affiliate
Plus, you also earn a few stipends on residual commissions (from people your referrals invite). The residual commissions are paid through a binary compensation structure.
In the structure, your first 2 referrals are placed directly below you, to the right and left. And the unfortunate people they invite are placed directly beneath them.
You earn points for every position that is filled beneath you to the tune of:
- 40 points for Silver affiliates
- 80 points for Gold affiliates
- 160 points for Premium affiliates
- 320 points for Platinum affiliates
- And 800 points for Diamond affiliates
You get points whenever an affiliate below you invests their money. Furthermore, you earn commissions of about $50 monthly fees as well.
- 10% from your personally recruited members
- 7% on level 2
- 5% on level 3
- 3% on level 4
- And 1% on level 5
Is mining capital coin scam or legit?
It’s hard to tell if mining capital coin (MCC) is scam or legit system, because a lot of people are just trying to sell something. But i would say not exactly, because there are few things to watch out.
Mining Capital Coin (MCC) claims to generate ROI through cryptocurrency mining, forex trading, sports trading and crypto-coin exchange but does not provide any proof of such activities to back up its claims.
However, from their compensation plans above, you can see that they offer a “guaranteed” ROI, and to do this in the United States (where they claim to be located), they have to be registered with the SEC.
It is quite unfortunate that after rigorously checking the SEC’s Edgar database, I couldn’t find any record of Mining Capital Coin. Which means they are not registered with the SEC and are operating illegally.
One thing is certain here, the platform will be shut down within a twinkle of an eye the moment information about their dealings are relayed to the SEC.