AMZCoin – Multi-Level Marketing Review
AMZCoin is a cryptocurrency website that allows you to make money by investing in its platform. I have decided to examine it objectively to learn about AMZCoin. When someone asks you about a make-money-online opportunity, you want to dig deeper to ensure it is legit and trusted. This post will provide you with a brief unbiased opinion.
Is AMZCoin Legit?
The administrators of AMZCoin have chosen not to reveal their identities. The year 2019 is when its domain (amzcoin.technology) was registered.
As explained on its website, AMZcoin was finally created and launched with the help of a company called Visionaira; It is AMZCoin’s parent company, and Andre Cunha is the brain behind its operation and existence. His Facebook profile revealed that he is based out of Portugal. Although AMZCoin is a European company, it is being promoted primarily in Indonesia.
AMZ Coin Registration
I could hardly find any information on the owner, Andre Cunha, besides his Facebook profile. Due to language barriers, I cannot put together a profile on Andre Cunha that says little to nothing about the business operations. At this point, there are questions concerning whether this company is legitimate.
You invest in AMZCoin and cash out through its internal exchange. Since AMZCoin uses recycled invested funds from new investors to pay withdrawal requests, those transactions could define AMZCoin as a Ponzi scheme. I cannot find proof that the company is registered legally in any market in which it solicits investments (Portugal and Indonesia).
Are There Any Retail Products?
AMZcoin has no retail products for sale to the public apart from the business opportunity itself. However, you can take part in its membership affiliate program. This enables you to market its membership for some paid commissions. If the primary source of revenue is from membership fees from new affiliates, and there are no retail sales to the general public, financial regulators consider this a Ponzi scheme.
What Is The Payment Plan?
Affiliates do make some investments in AMZ. Those affiliates that have invested more than 10,000AMZ will be allowed to withdraw their coins. AMZ is how returns are paid. It should be noted that AMZ isn’t listed publicly. Instead, it is being controlled by the company. Funds that have been invested down the levels will attract referral commissions. These are:
- Level 1 attracts 10%
- Level 2 attracts 3-5%
These commissions are paid in euros. It is possible to have them withdrawn at any time through bitcoin. Registering with AMZCoin doesn’t attract any fee. In other words, it is completely free of charge. AMZCoin is similar to other cryptocurrency MLM platforms I’ve reviewed on this blog, such as:
My Final Verdict
AMZCoin was supposedly formed to help businesses and their customers receive and pay funds. Apart from its coin never going public, it had no regulator to monitor its activities. Creating internal coins is relatively easy to do. You invest while the company will set AMZ coins’ value. Eventually, you will cash via its internal exchange. When you withdraw, such funds are from other members’ recycled investments. Furthermore, there is a need to ensure the company is registered with legal bodies and financial regulators. My personal opinion is I would not recommend investing in a business that is not adequately regulated.
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I strongly suggest that you stop relying on the pyramid schemes of unknown scammers and build your own online business. The moment you understand that you will have to participate in your financial rescue, the sooner you can start making real progress toward financial freedom.
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I personally love investing in Crypto.
The volatile nature of it allows one to make lucrative gains in no time with the right info.
I am intrigued by the structure of AMZCoin though and am happy you are pushing people in the direction of building their own business.
I have fallen victim to a pyramid scheme like this before and completely agree that building a business is the most secure way to make money online.
Hello Omer,
I definitely agree that investing in Cryptocurrencies can be lucrative if you know what you’re doing.
The huge problem in the Crypto niche, as in other niches, is the fact that SCAMMERS prey on the inexperienced and the gullible.
One of the joys I get is in exposing SCAM platforms that cheat people out of their hard-earned money.
I’m happy that you are aware of the need to do your due-diligence FIRST before investing in any cryptocurrency platform.
Thank You for taking the time to read this post.
Talk Soon,
Howard
Hey, I’m not really familiar on how all these crypto softwares work so reading through this gave me a better understanding of what to look out for so thanks for the help!
You stated how amzcoin doesn’t show who’s behind their software, which to me sounds quite off putting, I and I’m sure many others too much prefer knowing who we are working with, it’s much safer and professional. I think I’m going to search for another software to maybe join.
Hello Sariyah,
Thank You for taking the time to read this post.
Yes, I would skip AMZCoin.
ALWAYS do your due diligence before investing your hard-earned monies on this type of platform.
Once you give your money to these scammers, you will NEVER get it back.
Make sure you research the company or platform or business opportunity FIRST before handing over your money.
Talk Soon,
Howard