CoinMarketBull fails to provide ownership or executive information on its website.
CoinMarketBull’s website domain (“coinmarketbull.co.uk”), was privately registered on December 4th, 2022.
This is slightly odd, seeing as the only video on CoinMarketBull’s official YouTube channel was uploaded a month earlier on November 3rd.
The video is your typical script-generated hype affair, regurgitating the information available on CoinMarketBull’s website.
In an attempt to appear legitimate, CoinMarketBull provides a virtual office address in Hungary.
While you don’t have to be in the UK to register a .co.uk domain, representing you’re based out of Hungary with one is again odd.
For December 2022, SimilarWeb tracked 100% of CoinMarketBull’s website traffic from South Africa.
This strongly suggests whoever is running CoinMarketBull is based out of South Africa.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
CoinMarketBull’s Products
CoinMarketBull has no retailable products or services.
Affiliates are only able to market CoinMarketBull affiliate membership itself.
CoinMarketBull’s Compensation Plan
CoinMarketBull affiliates pay $50 for annual access. They then invest $100 or more in bitcoin (BTC) or tether (USDT).
CoinMarketBull solicits investment on the promise of a daily 1.2% to 1.8% ROI.
Referral commissions on invested funds are paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
CoinMarketBull caps payable unilevel team levels at ten.
Referral commissions are paid as a percentage of funds invested across these ten levels as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
- levels 3 and 4 – 2%
- level 5 and 6 – 1%
- level 7 – 0.75%
- level 8 – 0.5%
- levels 9 and 10 – 0.3%
Joining CoinMarketBull
CoinMarketBull affiliate membership is $50 annually.
Full participation in the attached income opportunity requires an additional $100 or more investment in tether or bitcoin.
CoinMarketBull Conclusion
CoinMarketBull represents it generates external revenue via bot trading.
Our bot is trading on Binance Futures, because it has become one of the most liquid derivatives exchanges in the market.
“Trading bots” is one of the most common MLM Ponzi ruses. To that end no evidence of CoinMarketBull having a trading bot is provided.
Furthermore, CoinMarketBull’s business model fails the Ponzi logic test.
If whoever is behind CoinMarketBull actually had a bot capable of generating 1.2% to 1.8% a day, they’d quietly run it for themselves.
Nobody capable of legitimately generating up to 1.8% a day on a consistent basis is selling you access for $50 a year.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve CoinMarketBull of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.