A visit to the QuickSilver website reveals no information on who’s behind the company.
Quicksilver’s website domain (“quicksilver.me”) was registered in December 2018.
Quick Silver Global LLC is listed as the owner, through a UPS store address in Florida.
My own research lead me to affiliates marketing QuickSilver in conjunction with Mint Builder.
Mint Builder is a 2017 bitcoin spinoff of ISN Coins, launched by founder and CEO Matt Barkes (right).
I was able to confirm QuickSilver is a second ISN Coins spinoff by visiting their website.
On their website, ISN Coins markets QuickSilver as a “new way to acquire assets!”
Social media marketing reveals QuickSilver went into prelaunch back in May.
Both ISN Coins and Mint Builder appear to be dead. Their respective company websites have Alexa traffic rankings of 3.3 million and 4 million respectively.
QuickSilver appears to be a third attempt to resuscitate the company.
Read on for a full review of QuickSilver’s MLM opportunity.
QuickSilver affiliates have access to an online storefront, through which they can sell supplied coins to retail customers.
QuickSilver’s Compensation Plan
QuickSilver affiliates sign up and agree to one of three offered autoship options.
- Option 1 – two coins a month on autoship for $42.30
- Option 2 – a Premium Challenge Package plus four coins a month on autoship for $233.60
- Option 3 – a Premium Challenge Package plus ten coins a month a on autoship for $360.50
Note that for autoship cost calculation, QuickSilver affiliates are charged $21.15 per coin on autoship.
In order to qualify for MLM commissions, each QuickSilver affiliate must buy or sell at least one coin a month.
QuickSilver’s compensation plan pays affiliates both on retail customers and recruited affiliates on autoship.
QuickSilver ties retail autoship and recruitment autoship commission rates to “personal points”.
For each Premium Challenge Pack retail customer purchase or affiliate recruited, the referring affiliate generates 40 points.
For each coin a Quicksilver affiliate themselves purchases, they generate 10 points.
- if a QuickSilver affiliate generates 40 points a month, they receive $20 per Premium Challenge Package sold to retail customers or purchased by a recruited affiliate
- if a QuickSilver affiliate generates 100 personal points a month, they receive $50 per Premium Challenge Pack sold to retail customers or purchased by a recruited affiliate
Note that the Premium Challenge Package is only available in affiliate autoship options 2 and 3.
Residual Premium Challenge Pack Commissions
To qualify for residual Premium Challenge Pack commissions, a QuickSilver affiliate must sell two Premium Challenge Packs to affiliates and/or personally recruited affiliates within their first 90 days.
Once qualified, QuickSilver affiliates
- with 40 personal points a month earn $10 for each Premium Challenge Pack their personally recruited affiliates sell to retail customers or recruited affiliates
- with 100 personal points a month earn $20 for each Premium Challenge Pack their personally recruited affiliates sell to retail customers or recruited affiliates
Note that it is unclear if a QuickSilver affiliate can still qualify for residual commissions if they miss their first 90 day qualification deadline.
QuickSilver pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Residual commissions are tied to points. As with residual recruitment commissions, QuickSilver affiliates generate 10 points per coin they purchase or sell each month.
For every 100 points matched on both sides of the binary team, QuickSilver affiliates are paid a $10 residual commission.
QuickSilver affiliate membership is $20 and then $9.97 a month.
QuickSilver’s affiliate signup page requires selection of one of three autoship options:
- Option 1 – $42.30 a month
- Option 2 – $233.60 and then $84.60 a month
- Option 3 – $360.50 and then $211.50 a month
QuickSilver is the continuation of ISN Coin’s pyramid scheme business models.
Our first ISN Coins review was published was back in 2012. Even back then, ISN Coins was nothing more than an affiliate autoship recruitment scheme.
ISN Coins’ first collapse hit in 2014, prompting a new but still affiliate autoship recruitment focused reboot.
That lasted a few years but also eventually collapsed. In late 2017 Mint Builder was launched, which two years later has also collapsed.
Technically both ISN Coins and Mint Builder are still active, but both businesses are dead in the water.
That brings us to QuickSilver… which is more of the same.
Simply put; If there was any retail interest in ISN Coins’ monthly coin autoship, the company wouldn’t be going through its third reboot.
Time and time again ISN Coins has demonstrated that outside of the business opportunity, there is little to no purchase activity.
This means like ISN Coin’s other reboots, once QuickSilver affiliate recruitment dies off, it too will collapse.
There appears to be a fundamental problem with ISN Coin’s product offering.
Until they address the retail viability of silver coins that apparently nobody is interested in, changing company names and compensation plans will lead nowhere.