Coinspace Business Opportunity Review

Coinspace Business Opportunity Review

The Internet has drastically changed the way we live our lives. Not only does it provide you with many ways to learn and entertain yourself, it also offers you ways to generate income. If you’re looking for ways to earn a living, there are a number of Internet-based companies that can provide you with the opportunity that you’re looking for.

One of these companies is CoinSpace. If you’re interested in generating some income off the Internet, you should check out the business opportunities being offered by this company.

CoinSpace Background Info  

There is no available information about who owns or runs CoinSpace. However, what you can get learn online is that its domain coinspace.eu was registered on the 11th of March, 2015 and “Danjel Pawl” of CoinSpace LTD was listed as its owner. The website is also said to be based in Malta.

Pawl’s name is connected to CoinSpace (the company) only through the firm’s website domain registration. Who he is or what relationship he has with the company itself is not made available.

Product Offerings and Business Opportunity

Unlike other multi-level marketing companies or MLMs, CoinSpace doesn’t sell any product or service. What it offers instead is affiliate membership you can make money from. Similar to Bitcoin, what the company does is mine cryptocurrency and then trade them for you. When you sign up, you become a CoinSpace affiliate and are able to invest in packages offered by the company.

To get started, you can purchase one of these six investment packages:

  • Minimum Mine – €300
  • Basic Mine – €700
  • Quarter Mine – €1,500
  • Half Mine – €3,000
  • Full Mine – €6,000
  • Double Mine – €12,000

Depending on the package that you have chosen, you’ll automatically get S-Coin points. One S-Coin is worth €0.5.

  • Minimum Mine – 30 S-Coins
  • Basic Mine – 100 S-Coins
  • Quarter Mine – 250 S-Coins
  • Half Mine – 500 S-Coins
  • Full Mine – 1000 S-Coins
  • Double Mine – 2000 S-Coins

You’ll also get passive return on investment (ROI) according to the investment package you have chosen. They are as follows:

  • Minimum Mine – €36.50 a month for 12 months
  • Basic Mine – €84 a month for 12 months
  • Quarter Mine – €182.50 a month for 12 months
  • Half Mine – €365 a month for 12 months
  • Full Mine – €730 a month for 12 months
  • Double Mine – €1520 a month for 24 months

In addition to receiving passive ROI every month, you can also earn money through commissions when your recruit new affiliates.  The amount of commissions you’ll receive will depend on how much the person you have recruited will invest in CoinSpace. Please refer to the list below to determine the recruitment commissions:

  • Minimum Mine – €35
  • Basic Mine – €84
  • Quarter Mine – €180
  • Half Mine – €360
  • Full Mine – €720
  • Double Mine – €1440

However, do take note that you must reinvest the 25% of all the commissions given to you by CoinSpace back into the company.

Apart from the recruitment commissions you’ll receive, you’ll also get residual commissions. Residual commissions are paid out through a binary compensation structure. In the binary compensation structure, an affiliate is at the top of a binary team. Then the succeeding positions are generated by splitting previous level positions into another two positions and so on.

To determine residual commissions each affiliate will receive, investment volume among binary teams is carefully monitored, with each CoinSpace package generating the following point values:

  • Minimum Mine – 50 points
  • Basic Mine – 120 points
  • Quarter Mine – 250 points
  • Half Mine – 500 points
  • Full Mine – 1000 points
  • Double Mine – 2000 points

Each point is equal to €1 and depending on his or her position on the team, each affiliate must follow a specific weekly cap.

For example, for the coordinator, he must recruit at least two affiliates and generate an accumulated 6,000 binary points on both binary sides to receive €1000 a day. The team leader, on the other hand, must maintain one active affiliate and generate an accumulated 12,000 binary points on both sides of their binary team to receive a residual commission of €2000 a day. The supervisor must maintain two active investors and produce an accumulated 36,000 binary points on both sides of the binary team to get €3000 EUR a day.

The highest position on the ladder is the Crown Diamond. The Crown Diamond must maintain one Diamond and one Blue Diamond-ranked affiliates and generate an accumulated 5,000,000 binary points to earn €25,000 daily.

Apart from the monetary gains, you’ll also receive certain perks if you’re able to convince others to invest in S-Coin points. The rewards are as follows:

  • Coordinator – 300 S-Coins
  • Team Leader – 600 S-Coins and an iPad Mini
  • Supervisor – 1800 S-Coins, an iPhone and the use of a BMW 1 car for six months
  • Executive Director – 6000 S-Coins; a MacBook Air; and a BMW 4 car for 6 months
  • Diamond – 15,000 S-Coins; a “Diamond Luxury Trip;” a Rolex watch; and BMW 5 car for 12 months
  • Blue Diamond – 25,000 S-Coins; a “Blue Diamond Luxury Trip;” and a BMW 6, 7 or X6 car for 12 months
  • Black Diamond – 50,000 S-Coins; a “Black Diamond Luxury Trip;” and a BMW i8, Tesla, Maserati or Porsche car for 12 months
  • Royal Diamond = 125,000 S-Coins; a “Royal Diamond Luxury Trip;” and a BMW i8, Maserati or Porsche car to keep
  • Crown Diamond – 250,000 S-Coins; a “Crown Diamond Luxury Trip’” and a villa or Ferrari, Lamborghini or Bentley supercar.

Conclusion

There are a number of criticisms lodged against CoinSpace. One of them is the obvious lack of company information. Also, there have been allegations that it runs a Ponzi scheme.

On the upside, the income, commissions, and perks you’ll receive from CoinSpace are indeed very attractive. However, since the company makes money only through affiliate investments and not through the sales of products and services like most MLMs, it would be wise to weigh your options carefully before deciding to make money with this company.

JOIN US AND BUILD WITH COINSPACE

Success Discussion – Case Study

  • The following is an impromptu discussion (chat) about success I had with an innocent bystander. As you can see in the reading we only touched the surface of the discussion and there were a few questions raised.  The names have been changed to protect the innocent so don’t go trying to find Mike!

    Success Discussion – Case Study

    Admin

    Hey Mike, how are you today? You are a few years my senior, let me ask you. How do you define success and have you had any in life? You can take your time to answer or if you don’t wish to discuss you can just blow it off, up to you, thanks! ~y

  • Mike

    Hi Yosef I am not blowing you off if you want to discuss I will

    Admin

    Ok

    Mike

    I don’t define success by how much money you have

    Admin

  • Right. I didnt mention $$$.

    Mike

  • I think success is partly a state of mind you have to believe that you are successful to be

    I have had a number of jobs and feel I was successful at most of them

    Having the people in your office respect you for the job you do and the people you work with happy with what you are doing for them

    Admin

  • So you are linking success to a job you do and the comrade participation you are involved with.

    Right?

    Mike

    Partly but there is also success in personal life

    Happy home getting along with all the relatives

    And helping people who need help

    You have to give back what you are given

    Admin

  • more comrade participation, right?

    I actually had to look of the dictionary definition of success for this discussion!

  • Mike

    Yes you can never be an success without others

    Admin

    I believe, according to the definition of success, that the reason many MISPLACE it’s meaning, is because there is no way to actually NOT be successful. And that everyone succeeds at what they aim for, whether they agree with the outcome at the time they receive it or not. On the other hand what I just described above might be total bull!

  • Mike

    This is true it’s sort of like everyone wins and that is total bull

    Admin

  • Well it goes on to say that the reason someone has not received what they view as success is because they didn’t create that goal and work towards it. And that they actually DID create some other goal and work towards it, and that is what they got.

    And I know, in my life, I have not set many goals consciously, but have reached certain places. Which I am not sure is the best way to go about things.

    On the other hand, just setting a goal and going for it might impose a certain amount of rigidity I am unwilling to accept.

    (just saying my side)

  • Mike

    If a person sets a low goal that is not success that is a copout

  • Admin

  • Yeah, there is another speech. It says everyone has the responsibility to be successful, and that means setting goals that are high enough.

  • Mike

    Everybody sets goals even if they don’t realize it it depends on how the mind works to how high the goal is

  • Admin

    Right so the question becomes a degree of how consciously (or perhaps even conscientiously) the goal is created/maintained.

  • Mike

    Very true

  • Admin

    I am thinking I need to test it.

  • Mike

    How would you do that

  • Admin

    Because a lot of my life and work has been about survival. And after one attains that goal things kind of just take their course….which is natural.

    But is most likely where things can break up and time gets wasted. As a new goal was never set.

    So the momentum of reaching survival can only propel one so far…sometimes all the rest of the life, sometimes not.

  • Mike

    But that could be considered being successful survival

    Admin

  • It is definitely successful! I am not questioning that.

    I am questioning only this part:

    “Right so the question becomes a degree of how consciously (or perhaps even conscientiously) the goal is created/maintained.”

  • Mike

    What are you looking for as a true meaning of success maybe there isn’t one

    Success is different to different people

  • Admin

    Well by the definition success means to achieve a certain goal. And we spoke of one achieving what they set out for. So of course it is very specific, and personal. My only question is about the maintenance and development of new targets after one reaches the I’m Surviving stage, which seems to be common among men!

  • Admin

    And whether or not there is actually non-success at all.

  • Mike

    You can never stop once you achieve your goals you must always maintain and move forward

  • Admin

    At what degree of consciousness?

    I mean do you have a chat with yourself every 5 years and do the goal thing, once a year (new years resolutions) or is it a constant evaluating and resetting and is it written down (any better ?) or just something you ponder in a fleeting moment?!

    And are milestones defined!?

    Or is it one stream of action and every once in a while you see you have reached a “milestone” and decide to celebrate that!!

  • Admin

    We’re kind of getting to the end of the discussion, right? If you think about something to add, please let me know.

     

  • Mike

    It isn’t a pondering area with me once I hit the goal I am achieving I look for what comes after that

    Admin

    Ok, nice chat, thanks!