CarCoin provide no information on their website about who owns or runs the business.

The CarCoin website domain (“mycarcoin.com”) was privately registered on September 27th, 2017.

At the time of publication Alexa estimate that 67% of all traffic to the CarCoin website originates out of Vietnam.

Pretty much all of the CarCoin marketing material I came across was also in Vietnamese.

This strongly suggests that whoever is running CarCoin is also likely based or at the very least operating out of Vietnam.

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.

CarCoin Products

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

The CarCoin Compensation Plan

CarCoin affiliates acquire pre-generated CSC points from the company’s anonymous owners.

CSC points are sold to CarCoin affiliates for 30 to 90 cents each.

Once acquired, CSC points are “lent” back to CarCoin on the promise of a monthly ROI of up to 24%:

invest $200 to $1000 and receive a variable daily ROI for 299 days

invest $1010 to $10,000 and receive a variable daily ROI plus 0.1% bonus daily ROI rate for 239 days

invest $10,010 to $50,000 and receive a variable daily ROI plus 0.15% bonus daily ROI rate for 179 days

invest $50,010 to $100,000 and receive a variable daily ROI plus 0.2% bonus daily ROI rate for 120 days

Note that 40% of ROI payments 
must
be reinvested into new CSC points.

Resdual Referral Commissions

CarCoin pay residual referral commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each week CarCoin tally up new investment volume on both sides of the binary team.

Residual referral commissions are paid as 10% of matched funds on both sides of the binary team.

Leftover volume on the stronger binary side is carried over the following day.

Joining CarCoin

CarCoin affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the CarCoin MLM opportunity requires a minimum $200 investment.

Conclusion

In a paper-thin attempt to detail an external ROI revenue source, CarCoin presents itself as a ride-sharing app (think Uber or Lyft).

Mycar is a Blockchain technology platform. Our smartphone apps connect driver-partners and riders.

As soon as you

🤖 Quick Answer

What is CarCoin and its business model?
CarCoin is a cryptocurrency-based affiliate program that operates through ICO lending mechanisms. The company lacks transparent ownership information and maintains no retailable products or services, relying solely on affiliate recruitment for revenue generation, which characterizes it as a potential Ponzi scheme structure.

Where is CarCoin based and operated?
CarCoin's domain was privately registered in September 2017. Traffic analysis indicates 67% of website visitors originate from Vietnam, while marketing materials are predominantly in Vietnamese, suggesting the company operates from or is managed by entities based in Vietnam.

What are the red flags associated with CarCoin?
CarCoin exhibits multiple warning signs including anonymous ownership, lack of legitimate products, private domain registration, and a business model dependent entirely on affiliate recruitment rather than actual goods or services sales.

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