Welcome back, we are here with a review of one more cryptocurrency-based MLM company, Minerift Biz.
Minerift is a rig of monetary experts offering Crypto trading, Forex trading and Mining business.
As per obtained data, the domain minerift.biz was registered on 21 April 2021.
According to Alexa statistics, minerift.biz receives its most traffic from the United States, Saudi Arabia and Russia.
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What is Minerift.biz?
Firstly, there is no data regarding the owner or any team member of minerift.biz.
Minerift claims to drop your investments in either crypto trading, forex trading or mining business to produce returns.
The official website’s data show that 40% of investment is made in cryptocurrency trading, 25% in financial services,18% in forex, 5% in equity markets, and 12% in mining.
Use of currencies such as Bitcoin, Perfect Money, Litecoin, Tron, Ethereum, Dogecoin, Tether and bitcoin cash is permitted.
Minerift.biz has added the first glimpse of its mobile application and the app will be launched soon in near future.
|Company Name||Minerift Biz|
|When Started||April 21, 2021|
|Products||Crypto Investment Scheme|
Joining Minerift’s affiliate program is free. But in order to earn passive income one has to invest anywhere between $20 to $50,000.
Minerift Biz Investment Plans
As per the company norms, one needs to invest in any of the following plans and start earning a daily return for 40 days.
|Curious Plan||Invest $20 to $1000 and receive 5% daily earning.|
|Glorious Plan||Invest $1001 to $5000 and receive 7% daily earning.|
|Victorious Plan||Invest $5001 to $10,000 and receive 9% daily earning.|
|Luxurious Plan||Invest $10,001 to $50,000 and receive 11% daily earning.|
Minerift Biz Compensation Plan
With the return on investment, one can also earn commissions on the referrals.
Referral Commission is earned by referring people to join and invest in the company’s packages. Minerift follows a unilevel compensation plan for affiliates.
The unilevel is capped at three levels and has two different versions: Standard Referral and Global Representative.
Standard referral commission can be earned by sharing the referral code through social media, blogs, adding youtube videos or at any other such place.
- Level 1 – 6% Commission
- Level 2 – 4% Commission
- Level 3 – 2% Commission
Here the representatives receive boosted referral commission on every deposit by new members joining using a unique referral code.
One needs to fill Representative application through the representative section to become eligible for this commission.
- Level 1 – 10%
- Level 2 – 7%
- Level 3 – 5%
Apart from these two, Minerift Biz provides one more opportunity that is Representative Structural Level.
One need to keep increasing the referrals to increase their level in Representative Structure. Higher-level results in higher commission. There are total 9 levels in this structure and lastly, includes All Star and Hall Of Fame with the highest commissions.
Now it’s time to share our opinion on Minerift Biz.
The background of Minerift Biz makes it threatening. As faces behind it are hidden and no origin information has provided on the official site.
Founder Robert Anthony Latcham has 3 entities registered in UK named Rift Studios Ltd, RCL Medical Ltd (Dissolved now) and Minerift Ltd.
But it is hard to find an absolute link between Minerift Biz and registered Minerift Ltd.
Minerift.biz does not share any information regarding its locality and authorization.
Public investment companies require strict clearance from regulators which we can’t find with Minecraft.Biz. Even they do not have any social media account to connect with investors.
Minerift.Biz is a Ponzi Scheme
Minerift’s Compensation Plan is self-explanatory that It is a Ponzi scheme.
Maintaining an 11% daily return is not a joke.
If someone invests $11,000 in Minerift.Biz, they will return $48,400 in 40 days by $1210 daily return.
Major investment is made in cryptocurrency which is extremely volatile. So daily X percent promised return is just crap.
And if Minerift.Biz experts are able to manage such a high return, then they can make personal investments and enjoy the return. Why they are taking public investment and sharing such a high margin with others?
let’s assume they are genuine people and want to make their investors rich. But what on the day when market will crash or their investment fails. How they will give such a high return?
We don’t need to think much about this..
Minerift.Biz is just a Ponzi scheme and operating money-circulation.
For now thousand of people may be making decent profits from it, but when it will collapse a large number of people will lose money as they spread exponentially.
It is their strategy, pay high returns for now to lure more people, and the day their pocket will fill, they will make an easy escape.
Please don’t rely on such investment schemes, Investigate before you invest.