Minebase, the latest venture from Harald Seiz, a well-known figure in the MLM industry, has garnered attention and raised eyebrows.
In this post, we will be doing Minebase Review, a cryptocurrency investment platform.
We will examine its features, investment opportunities, compensation plan, as well as potential red flags and will answer whether Minebase is legit or a scam?
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What is Minebase?
Minebase is a cryptocurrency investment platform that presents itself as an opportunity for individuals to invest in MBASE tokens with the promise of a substantial 500% return on investment (ROI) after an 18-month period.
Harald Seiz, the founder of Minebase, has been linked to previous scams and fraudulent activities. Harald Seiz has a history of running MLM schemes, including the notorious Karatbars International, which faced legal issues and allegations of being a pyramid scheme.
To become a member of Minebase, individuals can join by investing in MBASE tokens using tether (USDT). The membership packages are as follows:
Minebase operates from 2 domains and according to SimilarWeb the domain Minebase.com has around 50k Monthly traffic.
| Website | minebase.com and minebase.io |
| Known As | MBase |
| Site Type | Crypto Investment |
| Products Offered | Crypto Token |
| Domain Registration Date | 28, April 2023 |
| Contact Email | support@minebase.io |
| Location | Germany |
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Minebase Compensation Plan
Minebase offers an MLM compensation plan, which is a structure that allows participants to earn commissions and bonuses based on their recruitment and the investment of their downline.
In Minebase’s MLM compensation plan, affiliates earn through the recruitment of new affiliate investors.
| Investment Package | USDT Investment | MBASE Tokens Received | ROI After 18 Months (USDT) |
|---|---|---|---|
| 1 Star Package | 100 | 250 | 500 |
| 2 Star Package | 500 | 1,250 | 2,500 |
| 3 Star Package | 1,000 | 2,500 | 5,000 |
| 4 Star Package | 3,000 | 7,500 | 1,500 |
| 5 Star Package | 5,000 | 12,500 | 25,000 |
Affiliate Ranks
The following table outlines the affiliate ranks within Minebase’s compensation plan, along with their qualification criteria
| Affiliate Rank | Qualification Criteria |
|---|---|
| Diamond | Requires earning a specific number of points to be eligible for commissions. |
| Black Pearl | Recruit ten affiliates who, collectively, have invested at least 10,000 MBASE tokens. |
| Generation | Recruit at least twenty affiliates. |
| Royal Crown | Generate a downline of affiliates who, collectively, have invested at least 10 million MBASE tokens. |
| Royal Crown President | Reach the highest level in each business center (Note: The specific criteria are not provided). |
Minebase offers various commission structures for its affiliates.
- Referral commissions are earned at a rate of 10% on the funds invested by personally recruited affiliates.
- Residual commissions range from 1.8% to an additional 2% based on downline size and investment.
- Diamond commissions are tiered and awarded based on downline MBASE token investment, with rates varying from 2% to 2.4% depending on the level achieved.
- Additional commission rates can be earned by meeting specific qualification criteria, such as recruiting a certain number of affiliates with minimum token investments.
- Finally, affiliates who qualify for all commissions and bonuses are eligible for a share in 1% of Minebase’s company-wide investment as part of the Royal Crown President Bonus.
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Minebase Review
Based on our research and analysis, Minebase has received a range of opinions and reviews.
The Minebase token, also known as $MBASE, is an ERC20 token. As of 12 June 2023, the price of Minebase is recorded at $0.148024 USD.
There are mixed opinions about the legitimacy of Minebase. Some reviewers on Trustpilot have reported losing money on the platform and have labeled it as a scam.
However, others have praised Minebase for its innovative approach to cryptocurrency mining and its use of the Creative Token Production (CTP) algorithm. Ultimately, it is up to individuals to do their own research and make their own judgments about the legitimacy of Minebase.
Here are the key factors and potential concerns associated with Minebase:
- The founder has many past scam records such as Karatbars International.
- MineBase 500% ROI potential in MBASE tokens within 18 months seems baseless.
- MBASE Token is down 70% since launch, and experts say it doesn’t have future value.
- It operates as a money-circulation model.
- No proper contact details and legitimate physical address.
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This should help people decide: I had $1000 in V999 from before Minebase and no way to get it out. So now my $1000 can only be turned into a $100 package in Minebase.
Same with me. Ive been with yhem sinca Karatbars and they keep moving to new platforms and make impossible to get your money. I initially invested €450 and then they moved $350 to V999 and said we can trade it after 6 months. Now Intried to and it shows $13 in Minebase. Such a scam!!