Coinspace Review – Is it Legit or a scam?

Coinspace Review

CoinSpace provides an exciting way for people to earn money through cryptocurrency. Registered on March 11, 2015, CoinSpace LTD. was founded by Danjel Pawl in Malta. Its website domain is coinspace.eu, which anyone interested can freely access. People from different parts of the world use CoinSpace to generate passive profit. This article will provide the necessary information about this online business, and whether it is legit or scam. Read on.

Coinspace Products Offered

CoinSpace offers its mining packages to help you earn money. The affiliates must market the affiliate membership to start earning, just like network marketing. Upon signing up, they will be able to invest in the offered packages and join the multi-level marketing opportunities.

Each package includes S-Coin points, which are as follows:

  • Double Mine has 2000 S-Coins
  • Full Mine has 1000 S-Coins
  • Half Mine has S-Coins
  • Quarter Mine has 250 S-Coins
  • Basic Mine has 100 S-Coins
  • Minimum Mine has 30 S-Coins

The company claims that an S-Coin is worth €0.5 EUR.

Coinspace Joining Cost

  • CoinSpace affiliates are required to invest in one of these six packages offered:
  • Double Mine has €12,000 EUR
  • Full Mine has €6000 EUR
  • Half Mine has €3000 EUR
  • Quarter Mine has €1500 EUR
  • Basic Mine has €700 EUR
  • Minimum Mine has €300 EUR

The Double Mine package is valid for 24 months. The rest of the offered packages will expire after 12 months. The main difference between the offered packages is the income potential, which happens through the CoinSpace Compensation Plan. Whichever plan you choose, your earning potential is surely guaranteed.

Coinspace Compensation Plan

The compensation plan allows affiliates to invest in one of these plans:

  • Double Mine has €12,000 EUR
  • Full Mine has €6000 EUR
  • Half Mine has €3000 EUR
  • Quarter Mine has €1500 EUR
  • Basic Mine has €700 EUR
  • Minimum Mine has €300 EUR

This means you will have a monthly passive ROI. What’s great about this compensation plan is that commissions are paid out when you get to recruit new affiliates. The residual commissions will be given out through a binary structure. All CoinSpace affiliates are being paid to invite new ones who will invest in the company’s favourable packages.

Your commission is determined by how much your new affiliates invest, which can be seen below:

  • Minimum Mine: commission is €35 EUR
  • Basic Mine: commission is €84 EUR
  • Quarter Mine: commission is €180 EUR
  • Half Mine: commission is €360 EUR
  • Full Mine: commission is €720 EUR
  • Double Mine: commission is €1440 EUR

Residual Commissions and S-Coin Bonuses

Residual commissions, as mentioned earlier, are paid out through a binary structure. This structure places the CoinSpace affiliate on top of the binary team, and is then split into two. Previous positions are split into two positions each. It means the binary team can extend its down-line as deep as it can.

The investment volume can be seen across the binary teams. Each package generates the following point values:

  • Double Mine: 2000 points
  • Full Mine: 1000 points
  • Half Mine: 500 points
  • Quarter Mine: 250 points
  • Basic Mine: 120 points
  • Minimum Mine: 50 points

The weekly investment volume is tracked across the binary teams. The affiliate is paid 50 percent of the volume generated by the weaker team. Each point is equal to €1 EUR. The binary commissions are paid out with these weekly caps.

Once the volume has been paid out, it will be taken out from both sides with the remaining volume in the stronger binary team carried over into the following week. CoinSpace affiliates who recruit others to join and invest in S-Coin points will receive bonus S-Coins:

  • Crown Diamond: 250,000 S-Coins, a villa or a luxury car, and a luxury trip;
  • Royal Diamond: 125,000 S-Coins, a luxury car for keeping, a luxury trip;
  • Black Diamond: 50,000 S-Coins, a luxury car for 12 months, and a luxury trip;
  • Blue Diamond: 25,000 S-Coins, a luxury car for 12 months, and a luxury trip;
  • Diamond: 15,000 S-Coins, a Rolex watch, a luxury trip, and a luxury car for 12 months;
  • Executive Director: 6000 S-Coins, a luxury car for six months, and a MacBook Air;
  • Supervisor: 1800 S-Coins,  luxury car for six months, and an iPhone
  • Team Leader: 600 S-Coins, and an iPad Mini
  • Coordinator: 300 S-Coins only

World Pool

The World Pool is three percent of the company’s global investment volume. Affiliates will earn shares by having five Black Diamond-ranked affiliates in their own downlines. These shares are given out on top of the bonuses and points earned, so the rewards are truly well worth the efforts.

Verdict: Is Coinspace a Scam?

CoinSpace is a multi-level marketing company that works by running a cryptocurrency. There are passive ROIs given out each week, as long as the binary structure continuous to grow. The company provides plenty of money-making opportunities that you can take advantage of.

The investments made by new recruits are used to pay the rest of the affiliates, based on their positions on the binary structure. This means that the higher the package availed, the more profit the affiliates will gain. Is CoinSpace a scam? No, it is not. People really do generate profit through its compensation plan, and it is something that you can consider if you want passive income.

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