Kointat prides itself as one of the most reliable diversified financial investment service provider in the world. According to them, their sole fundamental mission is to help customers and clients achieve their financial objectives. With excellent and dutiful professionals with over 30 years’ experience in combining financial development and trades, Kointat are committed to pushing the boundaries of what constitutes the highest standards in trades and asset management.
Is Kointat Legit or Scam?
Practically from what we see Kointat fails to supply verifiable cov mpany ownership information on its website.
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There is a Board of Directors list provided, featuring Hunt Lenny as CEO and Chairman, however none of the administrators exist outside of Kointat’s own marketing material.
In an effort to seem legitimate, Kointat provides registration details for Kointat Co LTD at the Cyprus Securities and Exchange Commission. Basic UK incorporation details for Kointat Co LTD is additionally provided.
Cyprus may be a scam-friendly jurisdiction with little to no regulation. Despite registering Kointat Co LTD back in 2017, no audited financial reports are available.
UK incorporation is cheap and effectively unregulated. it’s a popular jurisdiction for scammers looking to include dodgy companies.
For the aim of performing MLM due-diligence, Cyprus SEC registration and UK incorporation is meaningless.
Kointat’s website domain (“kointat.com”) was privately registered on November 30th, 2019.
At the time of publication Alexa ranks Nigeria because the only notable source of traffic to Kointat’s website is (88%) from Nigeria.
This is high enough to suggest that whoever is really running Kointat is predicated out of, or at the very least has ties to Nigeria.
As always, if an MLM company isn’t openly upfront about who is running or owns it, think long and hard about joining and/or delivering any money.
Kointat has no retailable products or services, with affiliates only ready to market Kointat affiliate membership itself.
Kointat’s Compensation Plan
Kointat affiliates invest funds on the promise of advertised returns.
Demo – invest $10 to $500 and receive 0.02% in 24 hours
Budget – invest $50 to $4999 and receive 1.3% each day for 30 days
Regular – invest $5000 to $10,000,000 and receive 1.5% each day for 30 days
Popular – invest $10,000 to $10,000,000 and receive 2% each day for 60 days
VIP – invest $50,000 to $10,000,000 and receive 4% each day for 14 days
VVIP – invest $100,000 to $10,000,000 and receive 5% each day for 30 days
A minimum $5 are often withdrawn in cryptocurrency. The USD minimum withdrawal amount is $1000.
Note that Kointat charges a minimum 5% withdrawal fee.
Kointat pays referral commissions on invested funds down two levels of recruitment (unilevel):
5% on level 1 (personally recruited affiliates)
2% on level 2
Kointat affiliate membership is free.
Kointat claims to be “more than a bank”.
It’s website is filled with marketing waffle but underneath it all may be a simple Ponzi scheme.
As stated within the introduction of this review, Cyprus and therefore the UK are scam-friendly jurisdictions.
Even if one were to require the Cyprus SEC registration as meaning something, by all accounts Kointat has no presence in Cyprus anyway.
The reason Kointat isn’t registered to supply securities in any meaningful jurisdiction is because that might require it to file audited financial reports.
Kointat represents it generates external revenue from a spread of sources:
Audited financial reports are the sole thanks to confirm external revenue is really getting used pay withdrawals.
As it stands the sole verifiable source of revenue entering Kointat is new investment.
Using new investment to pay affiliates a daily return makes Kointat a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment runs dry so too will new investment.
This will starve Kointat of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that once they collapse, the bulk of participants lose money.
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