Coin Tower is a Ponzi Pyramid hybrid, means the combination of two illegal schemes known as Ponzi and Pyramid schemes. That is why we have listed CoinTower within our Not Recommended sites list. If you don't know what is Ponzi and Pyramid scheme, then you can click the following respective links:-
Ponzi Scheme:- newsonlineincome.org/ponzi-scheme/
Pyramid Scheme:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
So, now you got the answers of the queries like what is CoinTower.biz, either is CoinTower a scam or a legit and so on. However, if you want to find out the details why CoinTower is an illegal scheme, a Ponzi Pyramid hybrid, then also you don't have to search other Coin Tower reviews because here, within our CoinTower review we are going to provide you the complete truth about CoinTower with details. But, if this short information on CoinTower is already enough for you and now instead of finding out the details on it, if you want to find out the real companies to make money online, then you can find those by clicking the following respective links:-
List of Good and Trusted Online Works:- newsonlineincome.org/legitimate-work-home-businesses/
List of Promising (Paying, but risky) Online Works:- newsonlineincome.org/work-home-reviews/
Detail review of Top Rated Online Work company, WA:- newsonlineincome.org/wealthy-affiliate-review/
OK now let's begin with our Coin Tower review in detail in order to find out what is CoinTower in real.
Coin Tower login and join in link:- CoinTower.biz (Not Recommended to join)
Aforementioned, Coin Tower is a combination of two illegal schemes, Ponzi and Pyramid. So, we can say CoinTower.biz is a Ponzi Pyramid hybrid, a completely unsustainable and illegal scheme.
Coin Tower is a Ponzi scheme because it hasn't any other verifiable source of income than the money invested by the affiliates. So, it can pay the members only using the newly invested funds of other members. However, CoinTower has claimed to pay upto 15% daily forever. So, when they pay more than 100% to one member, then they will start to create a debt into the system when they pay more profit to that particular member due to which the whole system will be in more debt day by day and ultimately collapse. This is how every Ponzi schemes are operated. However, Ponzi schemes never wait until they collapse. They only pay to few members at starting so that they can lure more people into their scheme and when they able to collect the large amount of money from several people, they just stop paying or even completely shutdown the site and run with the money of majority of members. If you want to find out more details on Ponzi scheme, then you can click this link:- newsonlineincome.org/ponzi-scheme/
CoinTower.biz is also a Pyramid scheme because it claims to pay referral commission upto 2 level downlines same like MLM (Multi-Level Marketing) companies. But, it pays that commission on the sales of ROI Ponzi plans, not by selling any real products or services which makes it an illegal scheme, not a legal MLM and that illegal scheme is known as a Pyramid scheme because every companies which pay referral commission on multi-level downlines without selling any real products or services are categorized as Pyramid scheme. If you want to find out more details on Pyramid scheme, then you can find that by clicking this link:- newsonlineincome.org/2017/03/06/what-is-pyramid-scheme/
Like other all Ponzi scam sites, CoinTower also hasn't provided the real information about its owner and the address within its website and also has hide those details within WHOIS and has only provided UK Companies House's registration document which anyone can register by paying 20 GBP and providing fake address by renting address with virtual address services. So, the address which CoinTower has provided as its company's address is actually a rental address from virtual address services.
You can think yourself. If some company can pay upto 15% daily profit forever, then why they have to collect the investment from several people to invest in their project instead of simply taking loan from a bank in much more lower rate, less than 1% monthly. So, their business model doesn't make any sense. They claim that they can make such profit through BitCoin Mining and cryptocurrency trading. But the real Bitcoin Mining companies like Genesis Mining (you can find the detail review on Genesis-Mining by clicking this link:- newsonlineincome.org/genesis-mining/) never can promise the fix rate of return daily and that is also such high rate of return which CoinTower is claiming to pay. So, this proves that their claims are completely bogus and CoinTower.biz is a big fat lier. That is why we don't recommend companies like CoinTower because instead of making money, you can lose your all investment any time with these kinds of companies. So, stay away from companies like Coin Tower.
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