Welcome to our Mining Capital Coin review.
Mining capital coin seems to be getting a lot of attention recently; people are talking about them from left, right and centre.
We have heard of many similar opportunities in the past; some of them turned out to be legit while others were pure scams.
Now, the question is… “Is Mining Capital Coin a legitimate platform or a petty scam like most others?”
One thing is for sure, our past experiences with opportunities of this nature have granted us the ability to detect and differentiate legit from a scam through certain parameters.
We will be putting Mining Capital Coin through those parameters to enable us to ascertain its legitimacy.
This Mining Capital Coin review will walk you through everything you need to know about this opportunity, from its hidden features to ownership info, location, products on offer, etc.
The domain “miningcapitalcoin.com” was privately registered on the 30th of January, 2018.
News of its ownership stayed hidden for a while until a certain Brazilian known as Jr. Caputti surfaced, and has since tied the company to his name.
According to the website, Mining Capital Coin is located in Boston, Massachusetts, USA.
The fact that a similar platforms TelexFree (run by a Brazilian) operating from Massachusetts was recently shutdown by the SEC, and the heavy presence of Brazilian Immigrants in the area lends credence to Mining Capital Coins claims.
In that case, we can safely say that Mining Capital Coin has legitimate background information.
Products On Offer
Mining Capital Coin has no retail products on offer.
All its affiliates have to offer is its lofty claims and affiliate membership benefits.
Mining Capital Coin Claims
Mining Capital Coin claims to channel its affiliates investments into cryptocurrency mining, forex trading, spot trading, and crypto coin exchange in return for a steady ROI over a duration of 52 weeks.
However, its claims are not backed by proof.
There has been no proof of its involvement in crypto-mining, forex trading, spot 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.
Moving forward, let’s talk about its compensation plans.
Mining Capital Coin Review – Compensation Plans
Mining Capital Coin requires that its affiliates invest between $250 to $5000 to earn a promised ROI for 52 weeks.
Below is a breakdown of the various compensation plans.
- Silver – Invest $250 and get $60 every month for 52 weeks (1 year ). (Total of $780)
- Gold – Invest $500 and get $120 every month for 52 weeks elapse. (Total of $1,560)
- Premium – Invest $1000 and get $240 every month for 52 weeks. (Total of $3,120)
- Platinum – Invest $2000 and get $480 every month for 52 weeks. (Total of $6,240)
- Diamond – Invest $5000 and get $1200 every month for 52 weeks (1 year ). (Total of $15600)
However, Mining Capital Coin charges its affiliate a 3% fee for every withdrawal they initiate and a $50 monthly fee per active plan.
So, for the silver plan, you get $60 every month but will have to pay $50 as fees, leaving your monthly profits at $10 – 3% commission if you choose to withdraw.
In that ratio, you will be making $130 after the duration of your contract, from an initial investment of $250, and from that $130, you can only withdraw $126 after the 3% withdrawal fee has been deducted.
It is obvious that you shouldn’t expect to make any profits from the contracts offered by Mining Capital Coin. The only way, you can make any profits out of this is by referring others to invest their monies, and they will, in turn, refer others as well.
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, as can be seen in the image below
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 monies.
Furthermore, you earn commissions from their $50 monthly fees as well. You get
- 10% from your personally recruited members
- 7% on level 2
- 5% on level 3
- 3% on level 4
- And 1% on level 5
Mining Capital Coin claims to generate ROI through cryptocurrency mining, forex trading, spot trading, and cryptocoins 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. This 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.
At the time being, I will advise everyone reading this to take their monies elsewhere, except maybe you are a kickass-no-conscience marketer, who wouldn’t bother about misleading a couple of folks into losing their hard earned monies.
This platform will certainly not end well….
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