Word of warning: QoinPro, Scam or Legit
QoinPro: Scam or Not?
Hello, I have just joined Steemit today, and wanted before I do anything else, to warn everyone on here about a recent pyramid scheme I came across, that can land you in deep trouble. The site is called "QoinPro" and it claims to offer free Bitcoin and alt-coin everyday, without any claiming or activity. At first glance I was already skeptical. However i decided to dig a little deeper, because there are some legitimate sites that offer passive bitcoin and alt-coin mining, usually for a price or initial investment though. After clicking around and signing up I found this:
It's their payout structure for referrals. Now, referral commissions is nothing new, most sites do it, however this site is a clear example of a pyramid scheme because of what is shown here. A Pyramid scheme is a system of "earnings" in which the people on the bottom of the pyramid (the new members) benefit the person(s) at the top. As shown above, the site offers multiple levels of referrals, for instance, if you refer a friend, and they refer another friend, you gain a percentage of the money both of them make. On QoinPro this system is 7 levels deep, with 2500 referrals total needed in order to reach that level. The only way to really make money (if you even can) on QoinPro is to refer a massive amount of people.
A pyramid scheme collapses when there either:
A. Not enough new people coming to support the top of the pyramid
B. When the number of people on top becomes too many to support by the people on the bottom.
Either way, only the people on the very top of the pyramid turn a profit. On QoinPro, as other users have stated, they will prompt you to deposit some BTC (Bitcoin) to claim the amount that is inside of your account, as soon as you do, you will never see that money, or your money inside your QoinPro account ever again.
Note 1: This is diffrent from Multi-Level Marketing, which is legitimate
Note 2: I understand this post is rather short, it is my first one, but I intend to update it if any new information surfaces.
Final Verdict:
SCAM
Here's a signup link if anyone wants to try QoinPro. I was able to open my account without too much effort.
https://qoinpro.com/e6bb4b870376ae693cbd429cdab013f9
Its not a scam.... you dont have to put any money into at all..... you just get coins... where is the scam? use my ref link please I just need one more person https://qoinpro.com/177e60609878ece01ecff44ff398ecdc
Ive deposited btc into qoinpro(100$ worth) and they done what they said wich was credit the same amount of BCH and BTG to what i had in BTC, i paid around 3$ in fees and now my bch is worth 30 usd, so im pretty happy with that
This is just what I have encountered. Several other users came forward to speak out against it. While they may have credited you with that I would highly advise making sure you can withdrawl it. If they are legit, good for them, and I wish you the best of luck, However I would be cautious as these are classic signs of a pyramid scheme.
Be careful
Be safe
Sweet bro, and yeah man, im always cautious with things like this, i withdrew my crypto with succes and made another account to deposite the rest of my btc and was also was credited for that... in my opinion the whole world works like a pyramid scheme does, theres always someone on the top gaining, whether its your boss or the government, i think in modern times like now a platform that uses a "pyramid scheme" for referrals is becoming more common and eventually will probs be considered legit
But yeah i like to ramble on just a bit lols😂
Plus, They pay 0.00000002747 btc daily, but minimum withdrawal amount is 0.007 btc. So, you need 254823 days (or nearly 700 years) to cash out :D Only if you have Massive amount of refs, you may reach it. Meh! :/
Still if you're interested, here is the ref link to join QoinPro: https://qoinpro.com/f1c22e098f7131d1eeebf0e97872dd7f
There is nothing wrong with Free money after all, right ;)
Nothing wrong with free money though, but during those 700 years before you can cash out, I bet you are generating ad and traffic revenue for them, and if you refer a bunch of people but never reach the withdrawal amount, they generate money for them. Do as you wish, and good luck. Just a warning.