Is Gladia Coin a scam or not. So many people have been asking me that question about this digital coin. There are numerous schemes going around these days involving cryptocurrencies, but is this one the real deal or not?
Let’s take a closer look and find out the truth…
Over the scams and dodgy cryptocurrency schemes?
Company Name: Gladia Coin
Owners: A Group of Specialised Professionals
Price To Join: 0.05 BTC
My Rating: 0/10
~ Gladia Coin Reviews ~
What Is Gladia Coin?
Because cryptocurrencies such as Bitcoin seem to be all the rage these days, there are many schemes and scams popping up trying to take advantage of the cryptocurrency popularity. Some pose as genuine investment opportunities, but generally they are not even close.
Gladia Coin is by now quite a well known Bitcoin investment scam. It’s a Ponzi scheme. The original Gladia Coin has since ceased to exist after the scammers took everyone’s money before the scheme collapsed.
However, the anonymous group behind Gladia Coin have reopened for business with Gladia Coin 2.0, which is exactly the same con as the first one, just with a new name.
How It Works
The scheme is a revenue sharing, MLM opportunity where you invest at various levels in the hope of increasing your money. The company has no products or services to buy and sell, other than the matrix that investors buy into.
Bitcoin is used as the investment currency and the system promises to double your investment. It’s all very similar to a bunch of other pseudo cryptocurrency investment schemes I’ve recently reviewed, such as Xtreme Coin.
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Compensation Plan
It can take up to 90 days for your return on investment to mature, which is quite a while to wait in a scheme like this. You will also be required to recruit like crazy and build up your downlines or you won’t make much money with Gladia Coin 2.0.
You can make money from your own direct investments, but the real money is in the residual commissions you earn from recruiting others. In order to be eligible to earn on a particular level, you must first purchase that level yourself.
The 7 levels involved in this matrix are:
- Spartacus 1 = 0.05 BTC
- Spartacus 2 = 0.1 BTC
- Spartacus 3 = 0.3 BTC
- Spartacus 4 = 0.5 BTC
- Spartacus 5 = 1 BTC
- Spartacus 6 = 2 BTC
- Spartacus 7 = 4 BTC
Each level is designed to double your investment amount.
The recruiting matrix works on a binary system with a left leg and a right leg. You bring in 2 recruits and each of your recruits is also required to bring in 2 people on a particular level. The higher the level, the more residual commissions you will earn.
Is This An Illegal Pyramid Scheme?
In my opinion Gladia Coin does fit the definition of an illegal pyramid investment scheme.
While many MLM opportunities do operate on a compensation structure in pyramid form, the illegal version is a naked pyramid, where the future of the business relies solely on recruitment and there are no products or services for sale.
Gladia Coin doesn’t have any products or services. It totally relies on bringing in new investor money to pay profits to previous investors. It’s a Ponzi scheme.
Complaints About Gladia Coin
On the website Bitcoin Talk, which is a forum for genuine Bitcoin investors, there are numerous threads about Gladia Coin being a full on Ponzi scheme.
Rip Off Report also lists a number of complaints about the company. One such complaint talks about how Gladia Coin increased the payout thresholds, starting charging extra fees, then went out of business, taking millions of dollars in investor money with it.
Everywhere you look Gladia Coin – and now Gladia Coin 2.0 – is categorically claimed to be a Ponzi scheme.
Target Audience
These schemes are cashing in on the popularity of cryptocurrencies like Bitcoin and also appeal to people with the get rich quick mentality. People jump on these schemes thinking they are going to make a quick financial killing, but usually it’s the complete opposite.
What I Like
- I don’t like anything about the Gladia Coin con job scheme
What I Don’t Like
- The owners of this scheme choose to remain anonymous
- It takes 90 days for you to double your investment
- Bitcoin prices are high right now, so that means it’s not cheap to try this out
- To cover yourself on all levels of the scheme so you don’t miss out on commissions from your recruits, you’ll need to pay a small fortune to buy in at every level
- This is nothing but a Ponzi scheme
- These schemes can’t sustain themselves forever
- As with the first version of Gladia Coin, everyone who gets involved in this new version will likely get burned as well
- The anonymous owners of this scam are likely getting rich at everyone else’s expense
How Much Does Gladia Coin Cost?
You need to invest at a minimum 0.05 BTC to get in on the first level. To attempt to make money in the Gladia Coin MLM structure, it’s almost necessary to join every level, which is going to cost a few dollars. That’s almost a total of 8 Bitcoin, and with current exchange rates of one Bitcoin being equal to $12,969.36 US (at the time of this writing), that comes to a total of around $100k!
Pretty risky investment, going by what happened with this company’s forerunner.
Is Gladia Coin a Scam?
I think its past history has already proven that this company is a scam. They disappeared after the failure of version one, taking with them millions in investor dollars. Now that they have version 2 up and running, will they use some of the profits to pay back the investors from the first version?
I sincerely doubt it. Gladia Coin is simply out to make money for themselves. That’s all you really need to know to steer well clear of this scam.
Schemes like this one are a lot like gambling, so you might have better luck with this lotto system.
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