CoinChain Digital’s lowest investment package guarantees a 20 percent return within 24 hours. If you want to earn more, you can join its Golden Plan, which guarantees 100% in 24 hours.
Sounds too good to be true, right? It really is.
Legitimate businesses will never promise something this absurdly high returns. A Ponzi scheme, however, does.
Is CoinChain Digital a Ponzi Scheme? Is it legit or a scam?
Let’s find out in this review.
Table of Contents
What is CoinChain Digital?
CoinChain Digital claims it’s a legitimate investment company incorporated in the United Kingdom. It has nothing on its website that reveals who the company’s owners or operators are.
Its UK Filing revealed that Elena Iachimciuc was the only person listed as an executive of the firm. The LinkedIn profile of Elena Iachimciuc shows that she is an accountant. This likely indicates that the company has availed of Iachimciuc services to register in the UK.
An MLM company based in the UK raises a red flag. Incorporation in the UK is cheap and unregulated. Meanwhile, the FCA is not actively regulating MLM-related securities fraud. As a result, scammers flock to the UK to set up, run, and promote their fraudulent businesses.
CoinChain Digital privately registered two websites. The first website “coinchaindigital.ltd” was registered on November 11th, 2020. The latest website “www.coinchain-digital.com” was registered on January 1, 2021.
Both domains are hosted on Namecheap.
This article will focus on the latest domain “www.coinchain-digital.com”.
CoinChain Digital Products
CoinChain Digital does not sell any products or services to the general public. Affiliates only promote the affiliate membership itself in order to earn a commission on referrals.
Registering with the company is free. However, to make money, you must purchase the following investment plans using bitcoin. Returns are guaranteed after 24 hours.
- Silver Plan. Invest $20-$1000 for a 20% return. Referral commission is 5%.
- Diamond Plan. Invest $500-$5000 for a 40% return. Referral commission is 5%.
- Golden Plan. Invest $1000-$10000 for a 100% return. Referral commission is 5%.
- Abra Shares. Invest $1000-$10000 for a 15% daily profit. Referral commission is 15%
Is CoinChain Digital Legit or Scam
CoinChain Digital is a scam. It’s a Ponzi Scheme. Investments of new members are the only source of additional money to fund the returns that have already been promised by the company.
A Ponzi scheme is a type of investment fraud in which existing investors are compensated with funds raised from new investors. Organizers of Ponzi schemes frequently promise to invest your funds and generate high returns with little or no risk.
All MLM Ponzi schemes run dry once affiliate recruitment stops. This will eventually lead to the company’s collapse. The math behind Ponzi schemes ensures that when they fail, most people lose money.
Avoid this CoinChain Digital at all costs. It has no products or services. The people behind it are not known. It is a Ponzi Scheme.
The company promises unrealistically high daily returns of at least 20%. There isn’t a single legitimate business opportunity that pays this much money.
Investors’ returns are funded from the capital contributions of new members. The collapse of the investment scheme will result in the majority of investors losing their money.