AMZCoin Review (Another Crypto Shill Coin Scam?!)

It’s likely that you have come across AMZCoin through an email list, on social media or got it recommended by a friend or family member.

Is AMZCoin a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this AMZCoin review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining PRODUCT. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of AMZCoin so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at AMZCoin that will hopefully help you to make the best decision you can in the end.


PRODUCT NAME: AMZCoin

OWNER/S: Andre Cunha

TYPE OF PRODUCT: crypto MLM

PRICE: free to join

SUMMARY: Yes, in my opinion AMZCoin is both a pyramid scheme and a scam and there are good number of reasons why I believe this to be the case.

The fact that recruitment is pretty crucial for success is one major red flag, the lack of registration under their local securities governing body is another red flag and of course the lack of any valuable retail products is another problem I have with AMZCoin.

As a whole AMZCoin is just another on of these overhyped and under-delivering crypto shill coins so it’s honestly in your best interests to avoid it.

FINAL RATING: 0/5

RECOMMENDED: NO!!


WHAT IS AMZCoin?

AMZCoin Review

AMZCoin is a cryptocurrency investment based MLM founded quite recently according to its website registration in October 2019. The company currently operates under its parent company called Visonaria, which is headed by its CEO Andre Cunha.

As AMZCoin is simply a crypto coin, Visonaria is where the true purpose of the owner lies. According to Visonaria, their motive is to act as a business hub that makes investments in several different sectors

As for where the company is located, it appears to be within Portugal.

Moreover, according to Alexa traffic its largest website traffic source is from Indonesia making up a 31% of its audience.

==>Click Here To Get Access To My FREE Make Money Online Guide!<==


AMZCoin PRODUCTS

The only thing AMZCoin offers individuals is the ability to invest in the cryptocurrency and nothing else. There are no retailable products in order to actually test out the opportunity.

It is also technically free to join but the coin on offer isn’t very valuable.


HOW DO YOU MAKE MONEY WITH AMZCoin?

There are 2 ways to make money with AMZCoin :

1. The first method is through the passive income generated via investments.

2. The second method is by recruiting others.


HOW TO GET STARTED

It’s free to join but, you will of course need to invest in the cryptocurrency in order to participate in the compensation plan.

Discover How I Made $173 Through A Single Sale Using This Online Business Model, Click Here To Read My Full Money Making Guide On How I Did It! 


COMPENSATION STRUCTURE

There are 2 main ways to earn with AMZCoin with the first method being a return on the AMZcoin invested.

Affiliates can gain the following returns if they’ve invested in the coins :

  • invest for 3 months and receive a 0.5% ROI per month
  • invest for 6 months and receive a 1% monthly ROI
  • invest for 12 months and receive a 2% monthly ROI
  • invest for 18 months and receive a 3% monthly ROI
  • invest for 24 months and receive a 4% monthly ROI

The issue here is that all returns will be paid out in AMZCoin, which probably won’t be very valuable.

Furthermore, if an affiliate wants to partake in the advertising opportunity offered, they’d need to invest in 10k AMZCoins.

The other way to make money as an affiliate is through the use of a the unilevel structure. This unilevel structure pays you depending on the number of affiliates recruited under you down 3 levels.

The returns are distributed as a percentage of the invested across the 3 levels as follows :

  • level 1 (personally recruited affiliates) – 10%
  • levels 2 and 3 – 5%

AMZCoin claim that affiliates will be able to withdraw these funds as bitcoin or as euros.


THE NOT SO GOOD THINGS

They’re Committing Securities Fraud 

As the whole opportunity is stated to be a passive investment scheme, AMZCoin is required to be registered under a securities governing body however, as far as I could find they don’t seem to be registered.

I know the crypto market is still somewhat unregulated however, passive investment schemes are still required to be registered so, the lack of registration here is a problem and would suggest AMZCoin is likely committing securities fraud

They Don’t Offer Anything Of Value

The coin itself is a pretty useless item and the fact they also only pay you out via AMZCoins from the return on your investments is a pretty big problem.

In short they offer customers a coin that at best is a shill so, you’d be wasting your money and time if you were to invest in it.

Recruitment Is Essential For Success

Considering you only get your returns in AMZCoins if you invest in the opportunity, the only way to make legit money appears to be via recruitment then. This is because supposedly you’ll actually be able to withdraw that cash in euros or bitcoin.

Of course this point does make AMZCoin come across as a pyramid scheme because legit MLM based opportunities tend to allow affiliates the ability to earn from other elements as opposed to primarily through recruitment


THE GOOD THINGS

There is literally nothing good about AMZCoin in my opinion, it’s a simply a scam that everyone’s should skip as the coin simply won’t be all that profitable.

==>Click Here To Get Access To My FREE Make Money Online Guide!<==


IS AMZCoin A PYRAMID SCHEME/SCAM?

Yes, in my opinion AMZCoin is both a pyramid scheme and a scam and there are good number of reasons why I believe this to be the case.

The fact that recruitment is pretty crucial for success is one major red flag, the lack of registration under their local securities governing body is another red flag and of course the lack of any valuable retail products is another problem I have with AMZCoin.

As a whole AMZCoin is just another on of these overhyped and under-delivering crypto shill coins so it’s honestly in your best interests to avoid it.


MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing. 

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding AMZCoin, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about AMZCoin and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil

Leave a Comment

Do You Wanna Be Able To Generate Upwards Of $170+ Per Sale Online? If So, I Know Of This Awesome Place That Can Help You Do Exactly That! 


Sign Up To This Platform For Free Today And Learn How I And Thousands Of Others Have Managed To Achieve This Feat!