Product Name: Cointherum
Overall Ranking: 2/10
Price: 0.01 BTC($50 USD) minimum
Owners: Not Disclosed
$0 Recommended program: www.wealthyaffiliate.com
There has been quite a buzz on the internet lately concerning a new scheme of generating cryptocurrency. If you know me well I make it a duty to research on this types of money making programs just to see if it is something I can do or not and then I advice people thereafter.
The first thing that came to mind when I heard about this was my experience with a pyramid scheme I joined late last year called zarfund. I joined Zarfund hoping to become a millionaire out of it only to discover that I am being played.
Cointherum had that zarfund stench that prompted me to research and make a review about it.
It seems to be all over social media, promoted by affiliate marketers so I guess you are here to make an inquiry about it so you can know if it is something worth your time.
I prepared this cointherum review just for you hopefully, it is enough to make you decide.
What is Cointherum?
Cointherum is a pyramid scheme that involves the donation of bitcoin cryptocurrency. It is a donation to donation platform where you give and receive bitcoins.
It is basically a money gifting forum and this type of forums are illegal in some countries like the United State which explains why the founders can not be identified.
The company’s domain name was registered privately onMay 27th, 2017 with no other information of whoever owns or run the business.
It is an MLM type of business structure but unlike most
MLM business it trades on nothing. Money exchanges hands for nothing. It involves the investment of bitcoins with a promise of a 200% returns in 90 days.
It trades with cryptocurrency. I did not take the time to search for other types of digital currency it trades with but I know for certain that Bitcoin is its major currency exchange. In case you are wondering how it works, hold on it is coming in a bit.
How Does It Work?
Like I said earlier it is a donation to donation platform where cash is being gifted, the idea is to give and receive bitcoins. You give a minimum of 0.01btc which is about $50 and then receive 5% as earnings in 90days.
The marketing advantage of Cointherum is its compensating policy. You are told as an affiliate to join the plan and earn up to 200% at the end of a 90 day period but you can only withdraw at the end of this period if you reinvest into it again with the same amount or more than the initial investment.
Also, you should note that you joining make you an affiliate meaning you can only earn when you refer more people. as said on their platform “refer people and earn cryptocoins, participate in our trade and you can also nominate people to earn 100 bitcoins per day according to your plan!”
As an affiliate, you are required to refer two people on the first level and they introduce two people each as well, making it four people in the second stage. This is how the pyramid grows bitcoin is shared and grows a well.
Affiliate earns on each stage. they receive a binary commission as thus
- Invest 0.05 BTC and receive a 5% binary commission.
- Invest0.1 BTC and receive a 6% binary commission.
- Invest 0.3 BTC and receive a 7% binary commission.
- Invest 0.5 BTC and receive a 8% binary commission.
- Invest 1 BTC and receive a 10% binary commission.
- Invest 2 BTC and receive a 14% binary commission.
- Invest 4 BTC and receive a 15% binary commission.
- Invest 10 BTC and receive a 16% binary commission.
- Invest 15 BTC and receive a 17% binary commission.
- Invest 20 BTC and receive a 20% binary commission.
- Invest 30 BTC and receive a 22% binary commission.
- Invest 50 BTC and receive a 23% binary commission
The price to join is0.05 up to 50BTC and to keep receiving you have to give the same or more of the initial amount up to 50Btc.
Who is it For?
- MLM marketers.
- New internet marketers looking for an easy way out.
- People that, don’t have the idea of how making money online is.
You might be lucky enough to be under a group that grows daily, hence allows you earn daily. Aside from that there is no form of support with cointherum.
PROS/CONS Of Cointherum
- Good to market as people tends to like the cash gifting idea.
- Bitcoin is a phenomenon marketing strategy
- There are no guarantees.
- It is a pyramid scheme.
- It operates like an MLM business which makes it difficult to market.
- It is not a real business because there are no means of exchange.
- It is not sustainable.
- It will crash with time
MY FINAL OPINION.
Cointherum is another scam just as the topic of this article says and it should not be something you should focus on because it will do you strong. It is another Ponzi scheme invented by its leaders so they can earn money from being the initial investors.
You see the thing about this type of schemes is that it is made up for the sole purpose of cashing out with people’s money. The fact that there is no form of goods or product being exchanged for money makes it easy for the creators to divert people’s money into their own account just like in zarfunds.
If they are certain about the business why isn’t there any form of identity? The use of bitcoin as a legal tender makes it even difficult to trace the individuals behind it when it all goes south.
Its affiliates can come here all they want to give me reasons why it is not a scam but the truth is that they themselves are also trying to make their money back so I can understand their desperation.
If you came here with the questions is cointherum a scam? Is cointherum legit or a scam? Or you just wanted a review on cointherum.
On that note, my final verdict is that it is another Bitcoin pyramid scheme scam that is running around the internet.
This was not to slander anyone but more like to warn people away from this type of schemes that enriches others without making good money for yourself.
I am an affiliate marketing. I use the internet as leverage to promote other people’s product.
I earn commissions on every sale directed through my affiliate link.
This is a system that makes billions of dollars for thousands of marketers online market all over the world. It is not difficult it is something anyone can do.
You do not have to have a fancy qualification to be successful online. I can tell you that for free.
My university qualification did not get me far but I am good anyway.
Kindly leave a comment in the session below.