Coins of Change has no information about who owns the website. Not even the information about the admins. The Coins of Change website domain coinsofchange.org was privately registered on July 20th, 2017. It uses the name-servers of bitcoinsetupsite.com.
The owner of the Bitcoin Setup Site is Mike Hollen, through an address in Lowa, a US state.
The registration details of the email address domain Hollen used to register the Bitcoin Setup Site suggest he works for “Pronto Web Services”, who seem to be a shell company registered in Panama.
The extent of Hollen’s involvement with Coins of Change website is yet to be determined. The official Coins of Change Facebook group names three admins; Edmond Lee, Jorge Raziel and Domingo M. Silvas.
Coins of Change has no retail able products or services making affiliates only able to market Coins of Change affiliate membership.
Coins of Change affiliate membership provides access to a “bitcoin e-book and video course” and “Facebook e-commerce course”. Coins of Change affiliates gift funds to each other via a two-tier 3×5 matrix cycler.
A 3×5 matrix places a Coins of Change affiliate at the top of a matrix, with three positions directly under him or her. Coins of Change affiliate membership costs a $50 gifting payment. To access, register or login to coins of change website, click the link below.
All gifting payments within Coins of Change are made in bitcoin. The Truth is that there is no other means of money entering coins of change except new affiliate recruitment. This type of platform primarily benefits the admins and using funds realized from new affiliates to pay old affiliates makes a scheme a Ponzi scheme. Ponzi schemes do fold or wind up once there are no longer new affiliates.