AMZCoin provides no information on its website about who owns or runs the company.

AMZCoin’s website domain (“amzcoin.technology”) was registered in October 2019.

The registration is marked private, save for disclosing Portugal in the provided address.

As per a whitepaper hosted on AMZCoin’s website;

VISIONARIA is a Business Hub that makes investments in several sectors to create and launch AMZcoin.

Visionaria is presented as the parent company behind AMZCoin, which in turn is headed up by CEO Andre Cunha (right).

As per his personal Facebook profile, Cunha is based out of Portugal. This fits with AMZCoin’s website domain registration.

Despite being operated from Europe however, AMZCoin is currently being primarily promoted in Indonesia.

At the time of publication Alexa cites Indonesia as the top source of traffic to AMZCoin’we website (31%).

Possibly due to language-barriers, I was unable to put together an MLM history on Cunha.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

AMZCoin’s Products

AMZCoin has no retailable products or services, with affiliates only able to market AMZCoin affiliate membership itself.

AMZCoin’s Compensation Plan

AMZCoin affiliates invest in AMZ.

AMZCoin affiliates who invest in over 10,000 AMZ can park their coins with the company in exchange for advertised returns:

invest for 3 months and receive a 0.5% ROI per month

invest for 6 months and receive a 1% monthly ROI

invest for 12 months and receive a 2% monthly ROI

invest for 18 months and receive a 3% monthly ROI

invest for 24 months and receive a 4% monthly ROI

Note that returns are paid in AMZ. AMZ is not publicly listed and is controlled by AMZCoin.

Referral commissions are paid on funds invested in AMZ down three levels of recruitment (unilevel):

level 1 (personally recruited affiliates) – 10%

levels 2 and 3 – 5%

AMZCoin’s website states that referral commissions

are paid in euros and you can withdraw them at any time via Bitcoin cryptocurrency.

Joining AMZCoin

AMZCoin affiliate membership is free.

Conclusion

AMZCoin presents itself as yet another pointless MLM shitcoin.

AMZCoin arises to counter a need for VISIONARIA, to facilitate payments and receipts from various businesses and platforms, in which case AMZ is the method that makes it much easier for our business customers to pay and receive funds.

Why would you use AMZCoin over any other payment method?

Well unless you’re participating in the attached income opportunity, you wouldn’t.

AMZ is built on EOSIO, which is different from the usual ERC-20 MLM shitcoins we see.

In practice shitcoins can be created on both platforms relatively quickly and at little to no cost.

Primary concern on the regulatory front is AMZCoin functions as a Ponzi points scheme. You invest, AMZCoin sets the value of AMZ and you cash out through an internal exchange.

AMZCoin use recycle invested fund

🤖 Quick Answer

What is AMZCoin and who operates it?
AMZCoin is a cryptocurrency project operated by VISIONARIA, a business hub based in Portugal. The company is headed by CEO Andre Cunha. The project's website domain was registered in October 2019 with private registration details, disclosing only Portugal as the operational location. Despite European management, AMZCoin is primarily promoted in Indonesia.

What concerns exist regarding AMZCoin's transparency?
AMZCoin provides minimal ownership and operational information on its official website. The domain registration remains private, limiting public access to verifiable company details. This lack of transparency raises questions about corporate governance and regulatory compliance standards in the cryptocurrency sector.

How is AMZCoin structured according to available documentation?
According to AMZCoin's whitepaper, VISIONARIA serves as the parent investment company that created and launched the AMZCoin project.

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