AMZCoin offers no data on its web site about who owns or runs the corporate.
AMZCoin’s web site area (“amzcoin.know-how”) was registered in October 2019.
The registration is marked personal, save for disclosing Portugal within the offered deal with.
As per a whitepaper hosted on AMZCoin’s web site;
VISIONARIA is a Enterprise Hub that makes investments in a number of sectors to create and launch AMZcoin.
Visionaria is introduced because the dad or mum firm behind AMZCoin, which in flip is headed up by CEO Andre Cunha (proper).
As per his private Fb profile, Cunha is predicated out of Portugal. This suits with AMZCoin’s web site area registration.
Regardless of being operated from Europe nonetheless, AMZCoin is presently being primarily promoted in Indonesia.
On the time of publication Alexa cites Indonesia as the highest supply of site visitors to AMZCoin’we web site (31%).
Probably as a consequence of language-barriers, I used to be unable to place collectively an MLM historical past on Cunha.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
AMZCoin’s Merchandise
AMZCoin has no retailable services or products, with associates solely in a position to market AMZCoin affiliate membership itself.
AMZCoin’s Compensation Plan
AMZCoin associates put money into AMZ.
AMZCoin associates who put money into over 10,000 AMZ can park their cash with the corporate in alternate for marketed returns:
- make investments for 3 months and obtain a 0.5% ROI monthly
- make investments for six months and obtain a 1% month-to-month ROI
- make investments for 12 months and obtain a 2% month-to-month ROI
- make investments for 18 months and obtain a 3% month-to-month ROI
- make investments for twenty-four months and obtain a 4% month-to-month ROI
Notice that returns are paid in AMZ. AMZ is just not publicly listed and is managed by AMZCoin.
Referral commissions are paid on funds invested in AMZ down three ranges of recruitment (unilevel):
- stage 1 (personally recruited associates) – 10%
- ranges 2 and three – 5%
AMZCoin’s web site states that referral commissions
are paid in euros and you may withdraw them at any time by way of Bitcoin cryptocurrency.
Becoming a member of AMZCoin
AMZCoin affiliate membership is free.
Conclusion
AMZCoin presents itself as one more pointless MLM shitcoin.
AMZCoin arises to counter a necessity for VISIONARIA, to facilitate funds and receipts from varied companies and platforms, through which case AMZ is the strategy that makes it a lot simpler for our enterprise prospects to pay and obtain funds.
Why would you utilize AMZCoin over some other fee methodology?
Nicely except you’re taking part within the connected revenue alternative, you wouldn’t.
AMZ is constructed on EOSIO, which is completely different from the standard ERC-20 MLM shitcoins we see.
In apply shitcoins could be created on each platforms comparatively rapidly and at little to no value.
Main concern on the regulatory entrance is AMZCoin capabilities as a Ponzi factors scheme. You make investments, AMZCoin units the worth of AMZ and also you money out via an inner alternate.
AMZCoin use recycle invested funds to pay withdrawal requests, which defines AMZCoin as a Ponzi scheme.
Of secondary concern is AMZCoin committing securities fraud.
Why ought to I put money into AMZ Coin?
You need to put money into AMZCoin as a result of it was launched by a enterprise group that’s current in varied sectors of merchandise or on-line and offline companies.
As above, AMZCoin overtly admits their MLM alternative is a passive funding scheme.
This requires AMZCoin to register its AMZ securities providing with monetary regulators.
AMZCoin offers no indication it has achieved so in any promote it solicits funding in (Indonesia and Portugal being the apparent one), which means the corporate operates illegally.
Outdoors of securities fraud, commonplace MLM Ponzi/pyramid guidelines apply.
Being an MLM shitcoin, when new funding runs dry count on both a public itemizing exit-scam, or Andre Cunha and his companions to easily disappear.