Aborted exit-scam or actual collapse avoided?
Within hours of
CoinMD’s $100,000 cash grab being shut down by Crowdfunder
, Tom McMurrain has backflipped and announced all is well.
In a
new email
sent out to CoinMD affiliate investors, McMurrain (right) states that
6% of the crowdfund has been collected and we have several leaders who have committed to raising $10k each from their team efforts.
We have a serious commitment from a larger investor as well.
Shut down WILL be averted and new development is already underway.
CoinMD affiliates who give McMurrain $25,000 are promised a 150% ROI in nine months.
CoinMD affiliates who give McMurrain $1000 are eligible to somehow double their CoinMD point balance;
If you have a team – at a minimum raise $1000 to help complete the crowdfund.
If you want to double the amount of coins that you have – talk to me – we will make a deal commensurate to the investment amount.
It seems secret backroom deals are the order of the day, and that’ll be enough to keep CoinMD’s doors open for the foreseeable future.
In addition to the shutdown backflip, McMurrain has also announced a series of CoinMD compensation plan changes.
As reviewed here on BehindMLM in mid 2017, CoinMD was built around CoinRewards and CoinMD (CMD) points.
Since then a third points system, CMDT, has been introduced.
CMDT has been renamed to U$D, with affiliates required to pay membership fees in both U$D and CMD (split 50%).
New CoinMD membership fees are as follows:
Free – not really fee because you can’t access your CoinMD wallet unless you pay $29.95 a year
Prime – $99 and then $29.95 a year for wallet access (capped from withdrawing up to 10% of wallet amount a month)
Prime+ – $199 and then $29.95 a year for wallet access (capped from withdrawing up to 15% of wallet amount a month)
Bronze – $550 and then $29.95 a year for wallet access (capped from withdrawing 20% of wallet amount a month)
Silver – $1100 and then $199 a year + $29.95 a year for wallet access (capped from withdrawing up to 25% of wallet amount a month)
Gold – $3300 and then $199 a year (maybe more) + $29.95 a year for wallet access (capped from withdrawing up to 30% of wallet amount a month)
Platinum – $5500 and then $199 a year (maybe more) + $29.95 a year for wallet access (capped from withdrawing up to 50% of wallet amount a month)
When CoinMD launched, McMurrain was asking for up to $50,000 in initial affiliate membership fees.
In addition to being slugged ongoing account fees, CoinMD affiliates are also subject to 0.5% transfer fees.
If you stop paying Tom McMurrain fees, your CoinMD wallet goes poof.
And yeah, apparently this is supposed to make healthcare more affordable…
Bundled CMD points begin at the Silver tier:
invest at the Silver tier and receive $1100 in CMD
invest at the Gold tier and receive $3300 in CMD
invest at the Platinum tier and receive $5500 in CMD
Referral and residual binary commissions on invested funds are still in the
🤖 Quick Answer
What triggered CoinMD's sudden shift from shutdown to recovery announcement?Following Crowdfunder's suspension of CoinMD's $100,000 fundraising campaign, founder Tom McMurrain reversed course, announcing financial commitments from existing leaders and new investors, claiming the shutdown would be averted through continued crowdfunding efforts and development initiatives.
What compensation does CoinMD offer to new investors?
CoinMD guarantees 150% return on investment within nine months for $25,000 contributions, while $1,000 investors receive doubled point balances. Team leaders are encouraged to raise minimum $1,000 amounts toward completing the crowdfunding target.
How much capital had CoinMD secured before the reversal?
According to McMurrain's announcement, approximately 6% of the $100,000 crowdfunding goal had been collected, supplemented by commitments from
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