IdeaCoin provide no information on their website about who owns or runs the business.
The IdeaCoin website domain (“ideacoin.co”) was privately registered on October 19th, 2017.
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.
IdeaCoin Products
IdeaCoin has no retailable products or services, with affiliates only able to market IdeaCoin affiliate membership itself.
The IdeaCoin Compensation Plan
IdeaCoin affiliates acquire pre-generated IDEA points from the company’s owners.
IDEA points are sold to IdeaCoin affiliates for 85 cents to $1.05 each.
Once acquired, IDEA points are “lent” back to IdeaCoin on the promise of a monthly ROI of up to 45%.
invest $100 to $499 and receive a daily ROI for 240 days
invest $500 to $999 and receive a daily ROI plus 0.05% bonus daily ROI for 210 days
invest $1000 to $4999 and receive a daily ROI plus 0.1% bonus daily ROI for 180 days
invest $5000 to $9999 and receive a daily ROI plus 0.2% bonus daily ROI for 150 days
invest $10,000 to $49,999 and receive a daily ROI plus 0.25% bonus daily ROI for 120 days
invest $50,000 to $99,999 and receive a daily ROI plus 0.3% bonus daily ROI for 90 days
Note that IDEA points acquired during the company’s ICO
cannot
be put towards lending.
Referral Commissions
IdeaCoin pay referral commissions out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
IdeaCoin pay investment and lending ROI referral commissions down seven levels of unilevel team recruitment:
level 1 (personally recruited affiliates) – 8%
level 2 – 3%
level 3 – 2%
levels 4 to 6 – 1%
level 7 – 0.5%
Residual Commissions
IdeaCoin pay residual 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 day IdeaCoin tally up new investment volume on both sides of the binary team.
For each $2500 matched on both sides of the binary team, a “cycle” is generated.
IdeaCoin pay a $10
🤖 Quick Answer
What is IdeaCoin and how does it operate?IdeaCoin is a business model where affiliates purchase IDEA points (priced between 85 cents and $1.05) and subsequently lend them back to the company, receiving promised monthly returns of up to 45%. The company provides no transparent information about ownership or management, with domain registration dating to October 2017.
Does IdeaCoin offer legitimate products or services?
No. IdeaCoin lacks retailable products or services. Affiliates can only market IdeaCoin membership itself, indicating a structure focused on recruitment rather than product distribution typical of legitimate commercial enterprises.
What are the characteristics identifying IdeaCoin as a potential Ponzi scheme?
IdeaCoin exhibits hallmark Ponzi indicators: anonymous ownership, promised unsustainable returns (45% monthly), lending mechanisms lacking transparent collateral or business justification,
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