CarCoin Review – CSC points, Login, Register, Contact – Mycarcoin.com
CarCoin or Car coin has no information on their website about who owns or runs it. The CarCoin website domain mycarcoin.com was privately registered on September 27th, 2017.
However, Carcoin describes itself as “Car sharing community, no need to buy any car
We are always there at your service”
Most of the website traffic flows from Vietnam according to Alexa traffic meaning that the person operating CarCoin is also likely based out of Vietnam.
CarCoin has no retailable products or services, with affiliates only able to market CarCoin affiliate membership.
CarCoin affiliates acquire pre-generated CSC points from the company’s so called owners and they are sold for 30 to 90 cents each.
Once acquired, CSC points are given back to CarCoin in form of loan on the promise of a monthly ROI of up to 24%:
invest $200 to $1000 and receive a variable daily ROI for 299 days
invest $1010 to $10,000 and receive a variable daily ROI plus 0.1% bonus daily ROI rate for 239 days
invest $10,010 to $50,000 and receive a variable daily ROI plus 0.15% bonus daily ROI rate for 179 days
invest $50,010 to $100,000 and receive a variable daily ROI plus 0.2% bonus daily ROI rate for 120 days
Note that 40% of ROI payments must be reinvested into new CSC points.
CarCoin pay residual referral commissions via a binary compensation structure. A binary compensation structure places an affiliate at the top of a binary team, split into two.
CarCoin affiliate membership is free, however free affiliates can only earn referral commissions. Full participation in the CarCoin MLM opportunity requires a minimum of $200 investment.
The truth about carcoin is that the MyCar app doesn’t exist.
The only verifiable source of revenue entering CarCoin is new affiliate investment. This is where newly invested funds are used to pay both a daily ROI and pyramid recruitment commissions.
We are still watching carcoin closely to get more information about this website.
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