Welcome to my Multimine Review!
Odds are somebody approached you about the business opportunity and you landed here to ensure it’s genuine.
The good news is I am going to walk you through the company, products and compensation plan so you can settle on the correct choice.
Give close attention and read this to the end…
Table of Contents
Multimine Review (Company)
Multimine provides no verifiable information on its website about who owns or runs the company.
Supposedly the company is run by “William Simms”. However Simms doesn’t exist outside of Multimine’s own marketing material.
In addition to that, Multimine’s website domain (“multimine.io”) was privately registered on June 26th, 2020.
Furthermore, In an attempt to appear legitimate, Multimine provides UK incorporation details for Multi Mine Services LTD on its website.
In addition to that, MultiMine Services was incorporated on August 12th, 2020.
Similarly, UK incorporation is dirt cheap and effectively unregulated. It is a favoured jurisdiction for scammers looking to incorporate dodgy companies.
For the purpose of performing MLM due-diligence, UK incorporation is meaningless.
Alexa traffic to Multimine’s website ranks:
At the time of publication, Venezuela (11.2%), Russia (9%) and Egypt (6.2%) are the top three sources.
Multimine Review (Products)
Multimine has no retailable products or services. Therefore, Affiliates only able to market Multimine affiliate membership itself.
Multimine’s Compensation Plan
Multimine affiliates invest cryptocurrency on the promise of a 48 month ROI.
- It’s paid once and at the beginning of the contract.
- No additional charges are required.
- 48 Months Month Contracts.
- Can be canceled at any time.
- Guaranteed 100% uptime and covered system downtimes by using our own miners.
- Daily payouts.
Bitcoin
- Silver – $150
- Gold – $1050
- Platinum – $5150
Dash
- Silver – $136
- Gold – $1020
- Platinum – $5032
Ethereum
- Silver – $104
- Gold – $1014
- Platinum – $5044
Litecoin
- Silver – $100
- Gold – $1000
- Platinum – $5100
Doge
- Silver – $108
- Gold – $1020
- Platinum – $5016
Multimine Referral Commissions
Referral commissions are initially paid 5% on funds invested by personally recruited affiliates. In other words, the level ones.
For instance, Multimine affiliates can “contact the Multimine team and become a promoter”. Which expands referral commissions down three levels of recruitment (unilevel):
- 10% on level 1 (personally recruited affiliates)
- 4% on level 2
How Much Does It Cost To Join Multimine
Multimine affiliate membership is free.
Full participation in the attached income opportunity however requires investment in cryptocurrency.
Conclusion
Multimine represents it generates external revenue via cryptocurrency mining.
The company’s investment plans are stylized around cryptocurrency mining. However, there is no evidence of external revenue generation of any kind provided.
As it stands the main unquestionable source of income entering Multimine is new investment.
Utilizing new investment to pay affiliates a day by day return makes Multimine a Ponzi scheme.
Likewise with all MLM Ponzi plans, when affiliate recruitment fades away so too will new investment. Therefore, in the long run starves Multimine of ROI revenue, leading to a collapse.
The math behind Ponzi schemes are all the same. It guarantees that when they collapse, the majority of participants lose money. So better to stay away from these Ponzis!
P.S This is on multimine.io About Us page!!
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We need really help with this multimine.io scam site, they disappeared last month with the all people’s funds, how can we find them
Hi Mujdat,
Sorry to hear that, however I warn you guys. I am not sure if there is much you can do here. The only source that you might be able to get to find these guys is from their UK registration. I can give you the link and see if you can get in touch with anyone there that can help you. Other than that, as I have mentioned there is no footprint of these guys anywhere on the internet. https://find-and-update.company-information.service.gov.uk/company/12809233/officers