Bitcoin Forum

I will always remember a Facebook friend who told me never to deal with any cryptocurrency marketed via the famous multi-level marketing system and he cited some examples of coins that have already gone to the trashcan.

However, I am a person with an open mind and personally, I am not judging MLM as a distribution system because it can also be a good way to spread the word, so to speak.

Would you join a cryptocurrency marketed via MLM?

Yes, it wasn't a delivery system, but in my personal, I call it the fraud system. This system was relating the fraud attempts, I think no one wants to join at that. Everyone knew about the MLM structure. The sound was terrible for everyone.

The first crypto currency Bitcoin was never and until never marketed that way so are all the other legit crypto currency,crypto currency is meant to be decentralized and with no authority governing it,so any mlm with coins as one of their products are not really crypto currency i don't want to get into a lot of level  just to get my first coin.

everything about altcoins is about profit. and MLM scheme gives the participants no profit because it is a scam way of making the head richer not the people who join in after that.

and ask yourself this: do you want to take huge risks for a maybe profit your would you rather invest in an altcoin that has a better chance of giving you profit and is normal!

I will never join an MLM again especially those newly created MLM. I was once scammed by those shit and I wont let it happen again. Also, I dont want to get paid by shitcoin. Scam(MLM) plus scam(shitcoin). No way.

I don't think theres a certain coin which uses MLM system but speaking of this thing it reminds me about TBC coin which some people call it as a currency but its not actually a crypto since its price is increasing 5% per day and its really a Ponzi coin for me and no people would surely buy it since it has already expensive value and its not tradable with bitcoin.Askin why are you bothering to know about MLM type coins?

How ever some oppurtunist are grabbing the fame of cryptocurrency just to get their very own profits and fooled people around them, and there just using the bitcoin history to make theirselves believable, just look at onecoin,wowcoin,swisscoin and tbc coins they are unto mlm and no assurance that we can trade it at ease and surely this coin will be died before it turned to be usefull, and totally wronh decision for those people who buys it.

i would not says cryptocurrency which integrated with MLM is good or even bad because i was never got profit from MLM program or i never got scammed too from them and honestly i do not know how MLM works for cryptocurrency but if there is an MLM program offering altcoins as part of them and have potential to grow and potential to makes profit too then i won't refuse their offers but in one conditions that they will not scammed many people

I never joined MLM because I beleive in the long run it will
not gives an earnings who join this. At first when you are
in the 1stline, definitely you will earn but in the long run
this might a scam investment. Thus, I guess this will
not happen altcoin mlm system.

Look on the top 10 or even 20 crypto currency on coinmarketcap and see if any of this coins are implementing or using an mlm system,crypto currency code do not have a referral link on it either you trade it mine it or use it but never use it to refer and get rewards.

did valorbit try this? or not, just curious because that coin died since you can have it by doing ref or invitation correct me if i'm wrong but for me it cannot be called crypto if the system use mlm because in anyhow it will turned into scam if no one will join and the cycle won't continue,.

MLM is good since they have big community..but MLM need to be legit..you need to know that USA DSA, mlm made 180 bilion $ trade in 2015!!!! so huge market...if MLM like herbalife,awon,just,amway use your coin,you can be extra happy!

read this and you will see what mean DSA,
http://dsa.ca/dsa-honours-the-best-of-its-best-3/

they give award to LEOcoin

INDUSTRY INNOVATION AWARD – This award recognizes the implementation of a program or service unique to the Canadian direct-selling industry by a DSA member company.

This year’s award recipient, LEO Canada Inc., created the LEOcoin, a digital currency designed to support its business and the businesses of its Members. The programme was originated from a desire to reduce the cost of doing business for LEO’s Members and has, over the years been adapted and developed to include both a trading platform and a crowdfunding platform. The award was accepted by LEO co-founders Dan Andersson and Atif Kamran.

I think you're right. It needs to be legit. Crypto community is really big and if this scheme can help to earn some money - why not? ::)

what awards do you have now? maybe new victories?

In recent days a friend told me about a cryptocurrency that uses MLM, Dagcoin, but I must honestly say that I did not do extensive research to see if it is a good opportunity or one of the many false cryptocurrencies that use MLM to advertise...

MLM to advertise is a good opportunity... What's wrong?

Dear All,

Allot has changed in Swisscoin since June of 2018.
Swisscoin is now owned by a totaly different company and has a complete new group of highly capable people managing and running it.
It was the previous owner that used the MLM marketing strategy.

👉OFFICIAL WEBSITE: https://www.swisscoin.community/

I heard that there are such altcoins but he did not take part in them and say that if offered then refuse to participate.Personally, I consider MLM to be a fraud and am not going to participate.