Trade Coin Club Review: Cryptocurrency exchange Ponzi ROIs

There is no information on the Trade Coin Club website indicating who owns or runs the business.

Infact, at the time of publication the Trade Coin Club website was nothing more than a placeholder for the companys logo.

The Trade Coin Club website domain (tradecoinclub.com) was privately registered on August 2nd, 2016.

Alexa currently estimate that the two largest sources of traffic to the Trade Coin Club website are the US (22%) and Brazil (18%).

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

Trade Coin Club has no retailable products or services, with affiliates only able to market Trade Coin Club affiliate membership itself.

The Trade Coin Club compensation plan sees affiliates invest bitcoin on the promise of an advertised daily ROI:

Every four months each Trade Coin Club affiliate must pay a 25% fee on ROIs paid out.

Referralcommissions in Trade Coin Club are paid out via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliates unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

Trade Coin Club cap payable unilevel levels at eight, with affiliates paid a percentage of funds invested by their unilevel team as follows:

Residual commissions in Trade Coin Club are paid out via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

Both binary sides start off with one position. Once filled, asecond level is generated by splitting each of the two binary positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

At the end of each day new investment volume is tallied up on both sides of the binary team.

A Trade Coin Club affiliate is paid a percentage of funds invested on their weaker binary side.

How much of a percentage they are paid is determined by their Trade Coin Club affiliate rank:

In addition to investment volume, each Trade Coin Club affiliate must also pay a monthly fee:

These fees are used to pay recruitment commissions via a 312 matrix.

A 312 matrix places an affiliate at the top of a matrix, with three positions directly under them:

These three positions form the first level of the matrix. The second level of the matrix is generated by splitting each of the three positions into another three positions each (9 positions).

Subsequent levels of the matrix are generated in the same manner (up to 12 levels), with a complete 312 matrix housing 797,160 positions.

Positions in the matrix are filled via direct and indirect recruitment of new Trade Coin Club affiliates.

For each matrix position filled in their matrix, a Trade Coin Club affiliate is paid 0.003 BTC a month (so long as each affiliate in the matrix continues to pay their monthly fee).

A bonus 0.003 BTC commission is paid out if a personally recruited earns five times the amount theyve invested.

Trade Coin Clubs Rank Achievement Bonus is based on how much bitcoin an affiliate earns through residual binary commissions a month.

Trade Coin Club affiliate membership fees are based on how much an affiliate invests:

Trade Coin Club represent that revenue to pay daily ROIs is sourced via cryptocurrency trading software.

Our system makes millions of micro transactions every second, making it humanly impossible.

Allowing our members to generate profit every second, every hour and every day.

The problem with this assertion is two-fold:

First theres no evidence that Trade Coin Club has any such system, much the less that it generates the promised minimum daily advertised ROIs.

Second, if the owner(s) of Trade Coin Club had such a system, why would they need to solicit investment from affiliates?

Even a modest bank loan would eventually turn into a fortune under a 0.45% daily ROI scenario.

The mandatory 25% ROI fee every 4 months is also another tell, as Trade Coin Club affiliates arealready slugged with monthly fees.

The 25% fee is just a vehicle to trap paid out funds in the system for longer.

The reality of Trade Coin Club is the only verifiable source of revenue entering the company is affiliate investment.

The use of these funds to pay off existing investors equates to Ponzi investment fraud.

Not withstanding the large percentage of invested funds used to pay recruitment commissions, further denting the credibility of ROI generation through legitimate cryptocurrency trading.

On their own, Trade Coin Clubs recruitment commissions make the company a pyramid scheme. Combined with the daily ROI youre looking at a Ponzi pyramid hybrid.

Throw in the lack of information provided about the company, whos running it and the use of bitcoin, and Trade Coin Club is pretty much set up the same as any other cryptocurrency based Ponzi scheme.

Once recruitment dies down and the daily ROI collapses, best of luck getting your bitcoin back from the anonymous Trade Coin Club scammers who stole it.

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Trade Coin Club Review: Cryptocurrency exchange Ponzi ROIs