Mint Builder Review: ISN Coins reboots with bitcoin

Mint Builder Review: ISN Coins reboots with bitcoin

Mint Builder provide no information on their webstek about who wields or runs the business.

The Mint Builder webstek domain (“mintbuilder.com”) wasgoed registered on October 12th, 2018.

Matt Barkes is listed spil the possessor, with an incomplete address ter Westelijk Sussex, UK also provided.

According to his Facebook profile, Barkes (right) lives ter the US state of Indiana. This is presumably where Mint Builder is actually being operated from.

Barkes very first appeared on BehindMLM’s radar back ter 2012 spil the founder and CEO of ISN Coins.

ISN Coins operated spil a pyramid scheme, combining numismatic coins with affiliate autoship recruitment.

After the original incarnation of ISN Coins collapsed, ter 2014 a reboot wasgoed launched with a fresh compensation project.

Granted ISN have made a better effort te stocking their online store and switching up their compensation project, but unluckily the underlying business prototype emerges to remain the same.

Spil with the original specimen, ISN Coins Two.0 had little to no retail appeal and wasgoed again focused on affiliate autoship recruitment.

Today Alexa don’t even bother to rank the ISN Coins webstek domain, suggesting the scheme has long-since collapsed.

Mint Builder shows up to be an attempt to resuscitate ISN Coins under a fresh name.

A message on the ISN Coins webstek acknowledges that the company “is now Mint Builder”.

Why Matt Barkes’ name doesn’t show up anywhere on the Mint Builder webstek is unclear.

Read on for a total review of the Mint Builder MLM chance.

Mint Builder Products

Mint Builder sell gold and silver “fine mint coins”.

At the time of publication here’s what’s listed ter Mint Builder’s retail store:

The Mint Builder Compensation Project

Mint Builder would emerge to pay their affiliates a commission when coins are sold to retail customers.

On top of that there’s recruitment commissions, which concentrate on paying a monthly autoship toverfee and recruiting others who do the same.

Retail Commissions (?)

The Mint Builder webstek and compensation project mentions retail customers, however no details on retail commissions are provided.

Mint Builder Affiliate Ranks

There are six ranks within the Mint Builder compensation project.

Along with their respective qualification criteria they are spil goes after:

  • Affiliate – pay $199 a year
  • Mint Builder – sign up for autoship or recruit a fresh affiliate each month, personally generate at least 25 points on both sides of the binary team and have a total downline volume of 250 points on both sides of the binary team
  • Student Mint Builder – maintain autoship or recruit a fresh affiliate each month, personally recruit and maintain at least two Mint Builder ranked affiliates (one on either side of the binary team), personally generate at least 50 points on both sides of the binary team and have a total downline volume of 500 points on both sides of the binary team
  • Graduate Mint Builder – maintain autoship or recruit a fresh affiliate each month, personally recruit and maintain at least two Student Mint Builder ranked affiliates (one on either side of the binary team), personally generate at least 75 points on both sides of the binary team and have a total downline volume of 1000 points on both sides of the binary team
  • Professional Mint Builder – maintain autoship or recruit a fresh affiliate each month, personally recruit and maintain at least two Graduate Mint Builder ranked affiliates (one on either side of the binary team), personally generate at least 100 points on both sides of the binary team and have a total downline volume of 2500 points on both sides of the binary team
  • Master Mint Builder – maintain autoship or recruit a fresh affiliate each month, personally recruit and maintain at least two Professional Mint Builder ranked affiliates (one on either side of the binary team), personally generate at least 150 points on both sides of the binary team and have a total downline volume of 5000 points on both sides of the binary team
  • Mint Voorzitter – maintain autoship or recruit a fresh affiliate each month, personally recruit and maintain at least two Master Mint Builder ranked affiliates (one on either side of the binary team), personally generate at least 200 points on both sides of the binary team and have a total downline volume of Ten,000 points on both sides of the binary team

Recruitment Commissions

Mint Builder affiliates pay recruitment 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 very first level of the binary team houses two positions. The 2nd level of the binary team is generated by splitting thesis very first two positions into another two positions each (Four positions).

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

Positions ter the binary team are packed via onmiddellijk and officieus recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

Residual binary commissions are calculated via points generated on both sides of the binary team.

  • recruiting a fresh affiliate generates 100 points
  • a retail customer or recruited affiliate buying a Monthly Graded Mint Coin generates 25 points

At the end of each day Mint Builder tallies up freshly generated points on both sides of the binary team.

Affiliates are paid $250 vanaf 250 points matched on both sides of the binary team. This is referred to spil a “cycle”.

How many cycles a Mint Builder affiliate can earn each week is determined by rank:

  • Affiliate – 1 cycle ($250)
  • Student Mint Builder – Two cycles ($500)
  • Graduate Mint Builder – Four cycles ($1000)
  • Professional Mint Builder – Ten cycles ($2500)
  • Master Mint Builder – 20 cycles ($5000)
  • Mint Voorzitter – 40 cycles ($Ten,000)

Joining Mint Builder

Mint Builder affiliate membership is $199 a year.

Conclusion

Mint Builder is the latest unnecessary addition of bitcoin to an existing MLM proefje.

Spil with both iterations of ISN Coins, retail sales are an afterthought with affiliate autoship recruitment the core concentrate.

Albeit possible, the Mint Builder webstek creates the impression that its retail pricing is a ripoff.

Can I access cost pricing without joining MintBuilder?

Unluckily not, ter order to access the amazing savings liked by our members you vereiste become a MintBuilder wholesale customer yourself.

To suss out whether this wasgoed the case I punched ter a few of Mint Builder’s coins into Google for comparison.

  • MS70 Graded Mint Coin – Mint Builder want $145 at retail, regular pricing shows up to be $32 or so up to $99 with free shipping
  • 1oz Silver Round – Mint Builder want $20.09 at retail, regular pricing shows up to be $Five.25 to $Eighteen.95 with free shipping
  • American Silver Eagle GEM BU – Mint Builder want $21.75 at retail, regular pricing emerges to be $Legal.95 to $24.95 with free shipping

No matter which of Mint Builder’s suggesting you look up, it emerges cheaper retail alternatives are readily available.

Thus begging the question of why anyone would purchase from them spil a retail customer.

That leaves affiliates, who are strongly encouraged to sign up for a monthly Graded Mint Coin autoship.

Doing so qualifies the affiliate for commissions, with earnings determined by how many downline affiliates they have doing the same.

Same old story of ISN Coins, which wij know isn’t sustainable owing to it collapsing twice.

Call mij cynical, but I believe Mint Builder came about because Matt Barkes determined he dreamed te on bitcoin.

it emerges all Barkes has done is meet up his ISN Coin connections and add bitcoin spil accepted payment.

While it’s true Mint Builder affiliates are paying monthly for coins and will be left with a product, the punt here is a lack of retail sales activity.

An MLM company operating with little to no retail is a pyramid scheme, and I can’t see anything suggesting Mint Builder doesn’t getraind this criteria.

Furthermore if collecting minted coins on autoship each month wasgoed the money spinner ISN Coins and its affiliates made it out to be, where are all those affiliates now?

Adding bitcoin to a failed business specimen doesn’t make it any more viable. But what it will do is siphon up some bitcoin into Matt Barkes crypto wallet, at the expense of those who didn’t practice the two ISN Coins failures.

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