Website & Company Information
The web domain of the company was registered on the 4th of October 2019 and was later updated on 2019–12–24.
The company does not provide any information about the owner or the team behind the company. There are just a couple of feel-good statements about the team.
The company’s whitepaper reveals Visionaria as the parent company behind AMZCoin, which in turn is headed up by CEO Andre Cunha.
According to the FB profile of the CEO, he is based out of Portugal. This means that the company is being run from Portugal.
We couldn’t find any more information about the CEO, but we can say that despite being run from Portugal, they are pitching to users in Indonesia.
The company has no retail option to speak of. They are only offering their affiliate membership program.
AMZCoin’s Compensation Plan
All the investment in the company goes via AMZ. AMZ is their official token.
Any affiliate investing over 10,000 AMZ are allowed to park their coins within the company’s internal exchange. Return are noted below:
- If you invest for three months, you will get a monthly ROI of 0.5%
- If you invest for six months, you will get a monthly ROI of 1%
- If you invest for twelve months, you will get a monthly ROI of 2%
- If you invest for eighteen months, you will get a monthly ROI of 3%
- If you invest for twenty-four months, you will get a monthly ROI of 4%
All the ROIs are paid in AMZ coin. This coin is not listed into any other exchange apart from AMZ ecosystem, and hence it is controlled by the company.
The company also pays referral commissions on funds invested in AMZ down three levels of recruitment (unilevel):
- level 1 (direct recruits) — 10%
- levels 2 and 3–5%
AMZCoin’s website states that referral commissions ‘are paid in euros, and you can withdraw them at any time via Bitcoin cryptocurrency.’
Joining AMZCoin affiliate membership is free
The company provides nothing apart from its MLM products. If they are catering to clients from the U.S and Canada, then they can land into big brawl any day. Not having any retail option while doing an MLM business is a big no!
AMZ is built on EOS, and the company hold all the coins. The AMZ coin marketed in the company’s presentation holds no real value outside the company’s ecosystem. AMZCoin can generate as much as AMZ tokens they want without incurring any cost (apart from EOS blockchain dev cost). The company can literally print tokens worth million dollars out of thin air, and in our words, these tokens are just “shitcoins”. Most of these MLMs that have their own tokens first focus on creating hype or a bubble that generates demand, and then they dump their bags on thousands of innocent investors.
The company is promoting its MLM side of the business as a means of great Passive income opportunity. Shilling passive income opportunity to clients require one to register with the financial regulator of that jurisdiction. Failing to do the same means the company is illegally offering securities.
Outside of securities fraud, standard MLM Ponzi/pyramid rules apply.