Website & Company Information
The web domain of the company was privately registered on the 28th of June 2020 and was later updated on 2020–08–18. The website does not provide any information about who owns or runs the company.
The about us page of the site is filled with feel-good and self bragging statements. The company does not provide any information about its team.
We ran a plagiarism check on the website, and we have found that some content on the website is copied.
Whenever we spot plagiarised content, in most cases it is because both the websites are being run by the same owners.
According to the site, CoinShares is registered in Australia as “CoinShares Limited”. We still don’t have the company reg no. yet but we assume it may be registered there as a shell company.
As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.
The company has no retailable products or services, with affiliates only able to market CoinShares affiliate membership itself.
The matter of concern here is the lack of retail option. An MLM must provide a retail option if it is catering to clients from the U.S and Canada.
CoinShares’ Compensation Plan
The affiliates of the company invest bitcoin on the promise of advertised returns.
- invest anywhere between 0.001 to 0.2999 BTC and get 10% a day
- invest anywhere between 0.3 to 0.999 BTC and get 15% a day
- invest anywhere between 1 to 2.999 BTC and get 20% a day
- invest anywhere between 3 to 50 BTC and get 25% a day
Referral commissions on invested funds are paid out down three levels of recruitment (unilevel):
- 5% on level 1 (direct recruits)
- 2% on level 2
- 1% on level 3
Joining CoinShares affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of 0.001 BTC.
The company is pitching its affiliates a passive income of “UP TO 25% DAILY PROFIT AND FOREVER”.
And they are accepting a minimum invest of 0.001BTC which equals $11. LOL!
Do you really believe that someone making 25% a day will ask you for $11? Is this a joke?
Anyways, as you can see, there are no mentions of the team; the company doesn’t provide its address or registration no. and they also promise a massive return of 25% a day. These key points are enough to call this opportunity a simple bitcoin Ponzi scheme. And like all other Ponzi schemes, the company is using new funds to honour existing withdrawals, and when the new funds stop coming in, then you know what happens!