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On its website, CoinMarketBull doesn’t say who owns it or who runs it.

The website domain for CoinMarketBull, “coinmarketbull.co.uk,” was registered privately on December 4, 2022.

This is a little strange since CoinMarketBull’s only video on its official YouTube channel was posted on November 3, a month ago.

The video is a typical scripted piece of hype that just repeats what you can find on CoinMarketBull’s website.

To look like a real business, CoinMarketBull gives a fake office address in Hungary.

Even though you don’t have to be in the UK to register the a.co.uk domain, it’s strange to use one to show that you’re from Hungary.

SimilarWeb found that all of CoinMarketBull’s website traffic in December 2022 came from South Africa.

This makes it very likely that whoever runs CoinMarketBull is in South Africa.

If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.

The products of CoinMarketBull
CoinMarketBull has no products or services that can be sold.

Affiliates can only promote their CoinMarketBull affiliate membership.

The pay plan for CoinMarketBull
Affiliates of CoinMarketBull pay $50 a year to get access. Then, they put at least $100 into bitcoin (BTC) or tether (USDT).

CoinMarketBull asks for money by saying that investors will get a return of 1.2% to 1.8% every day.

A unilevel compensation structure is used to pay out referral commissions on funds that have been invested.

With a unilevel compensation structure, an affiliate is at the top of a unilevel team, and every other affiliate they recruit is right under them (level 1):

If an affiliate on level 1 brings in new affiliates, those new affiliates join the original affiliate’s unilevel team on level 2.

If any level 2 affiliates bring in new affiliates, they move to level 3, and so on until there are no more levels to go down.

CoinMarketBull only lets you pay for up to ten unilevel team levels.

Referral commissions are based on a percentage of the money invested at each of these ten levels:

  • 10% for level 1 (affiliates you recruited), 5%
  • for level 2, 2%
  • for levels 3 and 4, 1%
  • for levels 5 and 6, 0.75%
  • for level 7, 0.50%
  • for level 8, and 0.3%
  • for levels 9 and 10.
    To become a CoinMarketBull affiliate, you have to pay $50 per year.

To fully take part in the attached income opportunity, you need to invest at least $100 more in tether or bitcoin.

The End of CoinMarketBull
CoinMarketBull says that bot trading brings in money from outside sources.

Binance Futures has become one of the most liquid exchanges for derivatives, so our bot trades there.

One of the most common MLM Ponzi schemes is called “trading bots.” To that end, there is no proof that CoinMarketBull has a trading bot.

Also, the way CoinMarketBull makes money doesn’t pass the “Ponzi logic test.”

If the people behind CoinMarketBull did have a bot that could make 1.2% to 1.8% a day, they would run it in the background for themselves.

No one who is legitimately able to consistently make up to 1.8% a day is giving you access for $50 a year.

As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.

This will stop CoinMarketBull from getting money from ROI, which will eventually cause it to fail.

The math behind Ponzi schemes makes it clear that most people will lose money when they fail.

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