Pincoin.io Review – Pin Coin, ICO, Sharing Packages, How it works
PIN Coin or Pincoin (PIN) is a ERC-20 token issued by the PIN Foundation to carry out a number of functions inside the PIN digital eco-systems as well as over the world. The PIN Coin was released to the market on December 2017.
The PIN Foundation is a non-profit group with the only mission to develop and promote blockchain technology and crypto currency in a rising global sharing economy to help people share assets, resources, time and skills more efficiently.
PinCoin has no information on their website about who owns or runs it. The PinCoin website domain (“pincoin.io”) was privately registered on November 18th, 2017.
Most of it’s websites traffic comes from Japan, South Korea and united Arab emirates according to Alexa.
PinCoin has no retail-able products or services making affiliates only able to market PinCoin affiliate membership.
PinCoin Compensation Plan
PinCoin affiliates invest funds in PIN points Sharing Packages on the promise of a 52 week ROI:
- PIN-100 package – invest $100 and receive a 156% ROI (capped at $600)
- PIN-400 package – invest $400 and receive a 182% ROI (capped at $2600)
- PIN-2000 package – invest $2000 and receive a 208% ROI (capped at $14,000)
- PIN-10000 package – invest 10,000 and receive a 234% ROI (capped at $80,000)
- PIN-50000 package – invest $50,000 and receive a 260% ROI (capped at $450,000)
- PIN-TOP package – invest $250,000 and receive a 312% ROI (capped at $2,500,000)
The PinCoin compensation plan states that
in order to earn the maximum amount of income from your Sharing Package, you need to complete assigned missions every day, 7 days a week.
However, the nature of the missions it requires affiliates to carry out is not disclosed. PinCoin pay residual ROI commissions via a uni level compensation structure and a uni-level compensation structure places an affiliate at the top of a uni-level team, with every personally recruited affiliate placed under him or her.
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PinCoin affiliate membership costs either a monthly $50 known as active fee or investment in Sharing Packages thus:
- PIN-100 – $100
- PIN-400 – $400
- PIN-2000 – $2000
- PIN-10000 – $10,000
- PIN-50000 – $50,000
- PIN-TOP – $250,000
In conclusion, there is no other means of money entering Pincoin apart from new affiliate membership and using funds generated from new affiliates to pay old members or affiliates makes a platform a Ponzi scheme. Ponzi schemes shut down once there are no longer new affiliates …
So far we have not received any negative report concerning Pincoin. Stay tuned to get more updates about this MLM platform.