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Mind Capital has become a popular opportunity for people to make money with cryptocurrency.
It claims to be the world’s first platform for investors to earn passive income investing in crypto assets.
The company guarantees investors a 1.3% to 1.8% daily return for their investment. This unrealistic ROI has caused the attention of many government agencies around the world.
During our review of Mind Capital, we discover Spain and the US have declared Mind Capital as an illegal investment scheme.
Those investing in this company without doing research have lost all their investment.
You better read this Mind Capital review if you want to avoid getting scam.
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Mind Capital Review Summary
Name: Mind Capital
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What Is Mind Capital?
Mind Capital is a crypto-fiat platform that people call a Ponzi scheme.
Gonzalo García Pelayo, a self-proclaim expert in in-game statistics, is the founder of this company. He announced the creation of Mind Capital in January 2020.
The company claims to use advanced trading algorithms to generate a daily return of up to 1.8% for investors by investing in crypto assets.
We all know so well the volatility of crypto assets. How can this company consistently generate such a high ROI every day?
To recruit new investors, Mind Capital utilizes the Multi-Level Marketing (MLM) model by offering commissions to existing members.
Using an MLM structure to sell crypto investment products has caused the US and Spain to issue a scam warning against Mind Capital. The Italian government has banned the company from conducting business in the country.
If you want to know more about Mind Capital, what it is, and how does the scam work? This review is for you!
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Gonzalo García-Pelayo Of Mind Capital
We want to introduce you to Gonzalo García because this is the head figure who has invented the Mind Capital scheme.
According to the Mind Capital website, Gonzalo is a professional gambler who made his wealth during the ninety playing roulette. In 2006, he opened a gambling school teaching gamblers how to make money playing online poker. The company considers him to be the revolutionary in the world of sports betting.
We don’t know what happens. Somehow, Gonzalo García-Pelayo, a successful gambler, has become a crypto investment guru.
Gonzalo García-Pelayo recognizes the inconsistencies of virtual currencies prices against legal tender currencies. Therefore, you can generate profits by creating software that detects the differences in the price of each token compared to the different currencies.
Hence, you have Mind Capital.
But does this theory words or just BS?
How Does Mind Capital Work?
Mind Capital works based on a simple investment theory.
You invest money with Mind Capital. The company uses your money to trade crypto assets, buy and sell cryptocurrencies to generate profits.
The company promises to pay you a daily ROI of 1.8% compounded interests.
If you want to earn passive income, here’s what you have to do:
- You register for a free account with Mind Capital.
- You then add funds into the new account by purchasing Mind Capital Coins (MCCoin). The minimum investment is 40MCCoin, which costs you $40. The maximum investment is $100,000MCCoin, $100,000.
- Your investment starts earning 1.8% interest the next day going forward.
Collecting the daily ROI is one way to make money with Mind Capital. You can earn more money by recruiting others to invest.
In the next section, we will discuss the earnings potential from recruiting others into Mind Capital.
Mind Capital Compensation Plan
To participate in the MLM compensation plan, you must invest with Mind Capital.
Your investment amount determines your rank and the commission rate.
You can buy the following ranks from Mind Capital:
- Consultant – $40
- Advisor – $5,000
- Senior Advisor – $15,000
- Leader Advisor – $50,000
- Global Advisor – $100,000
At the Global Advisor level, you earn the highest recruiting commission of 30%.
Mind Capital uses the uni-level compensation plan structure that pays commissions up to 10 levels.
Below is a breakdown of the commission rate for each level.
- Level 1 – 8%
- Level 2 –4%
- Level 3 – 3%
- Level 4 – 3%
- Level 5 – 2%
- Level 6 – 2%
- Level 7 – 2%
- Level 8 – 2%
- Level 9 – 2%
- Level 10 – 2%
Once you know your rank and the commission rates, this is how you determine your recruiting commissions:
- Consultants earn recruiting commissions on level 1 and level 2. If you are at this rank, your commission rate is 12%.
- Advisors earn commissions from levels 1-4, an 18% commission rate.
- Senior Advisors collect commissions up to level 7. It’s a 24% commission rate.
- Leader Advisors earn commissions up to level 8. It’s a 26% commission rate.
- Global Advisors collect commissions on all levels. It pays a 30% commission rate.
To make money, you don’t have to sell anything, just recruiting. The more you recruit, the more you earn.
Is Mind Capital Legit?
Mind Capital is not legit because the company doesn’t sell any product. It sells an investment promise.
The company promises investors a daily ROI of 1.8% investing in crypto assets. How is this possible giving the volatile nature of cryptocurrencies?
Mind Capital calculates trading profits based on a simple assumption of buying low and selling high.
The company buys crypto assets on one exchange at a low price; then sells them on another at a higher price.
This investment strategy is flawed because it ignores the fact that the market causes the crypto assets price to fluctuate, not the exchanges.
The only way Mind Capital can afford to pay a daily ROI of 1.8% is by using the money collecting from new investors.
It appears every new investment dollar is paying out to recruiters and current investors. It’s a Ponzi scheme.
Final Review On Mind Capital
Some people invest in a company as long as they make money. They don’t care even if the company is a scam.
These same people will invest in Mind Capital. However, they forgot this, “they cannot withdraw money from Mind Capital.” It is the number one complaint against this company on Trustpilot.
The dollars you see in your Mind Capital account are not real money. Everything about this company is fake.
Why waste time and money on a Ponzi scheme?
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I hope this Mind Capital review answers your question, is Mind Capital legit?
Until next time.
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