Mind Capital Review – Would you trust a Gambler with your Investment?

Welcome to this Mind Capital Review.

Crypto, Bitcoin, Blockchain they are all buzz words that people nowadays seem to go crazy for, even though this industry is extremely volatile.

Multi-level-marketing businesses are starting up in their hundreds to try and take advantage of this relatively new technology and here we have one of the new kids on the block with Mind Capital.

You may have come across many Mind Capital reviews painting a very positive picture and you have to be careful because these are affiliates trying to get you to join.

However, I am not associated with Mind Capital and what you will get from me is an unbiassed thorough and honest review so that you can make an educated decision as to whether Mind Capital could be a wise investment strategy or not.

So without further ado, let’s get right into it.

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[Affiliate Disclosure: This post may contain affiliate links which means I may earn a small commission if you purchase anything through one of the links. However, this will not affect what you pay!]

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Product: Mind Capital

Location: Tallinn, Estonia

Founder: Gonzalo Garcia Pelayo

Founded: 2020

Website: www.mind.capital.com

Product Description: Cryptocurrency MLM

Cost to join:  Free

Best For: Nobody

Recommended: No

Summary: There is an abundance of these Crypto MLMs businesses been started with most of them you just can’t really trust, in fact, I wouldn’t trust any.

Trading cryptocurrencies are extremely volatile and leaving companies like this to trade your investment is a risky business.

If you want to trade crypto, I would find a reliable broker and go down that route.

MLMs are designed to benefit the top 1 per cent and besides what proof have you that they are even trading your investment?

With little to no real information on their website, how could you possibly know?

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If you are sick and tired of SCAMS, Pyramid schemes, MLMs, recruiting, having to purchase stocks, haggling family, friends and customers. Looking for a proven method of making money online, then check out my #1 recommendation. 

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Internal Summary and Navigation

1. 1. What is Mind Capital about and who are the Founders? 
   2. Is Mind Capital a Pyramid Scheme
   3. Success is Unlikely with Mind Capital
   4. Let’s look at the Mind Capital products
   5. Mind Capital Business Opportunity – What you need to know
   6. What I like about Mind Capital
   7. What I don’t like about Mind Capital
   8. Is Mind Capital a Scam?
   9. Mind Capital Review -Final Analysis
   10. How I make a Living Online?
   11. Feedback, Follow and Subscribe

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What is Mind Capital about and who are the Founders?

Mind Capital is a multi-level-marketing cryptocurrency business that was founded in late 2019 by Gonzalo Garcia Pelayo, with headquarters in Tallinn, Estonia.

Estonia is known as a tax haven for businesses that are non-resident and one of a few countries in the EU, where businesses are not taxed providing the income, comes from outside the country.

Mind Capital was initially called Eurocoin, and brought plenty of attention from the media especially in the early stages of development, due to the interesting life story of its founder and president.

Mind Capital took 3 years to develop from its original conception and opened its doors for pre-launch in September 2019 to allow big investors and network marketing experts to join.

It is done this way because these investors come with massive lists. That’s people who follow them wherever they go and can be only good for the owners.

In fact, many of these who are invited are actually paid to join.

January 2020, it opened its doors to the public.

Check out this Mind Capital video presentation.

So who is the founder Gonzalo Garcia-Pelayo?

As far as we can tell Gonzalo Garcia-Pelayo has no past history with MLMs or Crypto, therefore why he is heading up a company like Mind Capital is a bit of a mystery, but he’s obviously not alone in this venture.

All the same, a very flamboyant

character and comes with experience as a film director, music producer, sports betting, games expert and a professional gambler.

Famously known for supposedly devising a legal (at the time) betting system where he took a casino for 1.2 million euros.

It wasn’t confined to himself but the whole family was involved and as you can imagine rattled a few casinos and came close to him losing his life.

So does a professional gambler sit right with you and give you the confidence to join something like Mind Capital?

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Is Mind Capital a Pyramid Scheme?

Well, a pyramid scheme would be any business that paid their affiliates for recruiting others to join without having a product or service of value which is what we are seeing here with Mind Capital.

We are seeing many securities fraud warnings against Mind Capital in countries like the US  and Spain with Mind.Capital banned in Italy.

You can take a look at what Pyramid Schemes are all about in this short video.

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Success is Unlikely with Mind Capital

Multi-level-marketing businesses are notoriously difficult to crack, especially as its a known fact that only the top .5 per cent is where the real money goes.

However, that still leaves around 99 per cent that doesn’t earn enough for them to replace their full-time jobs, and with between 55 and 75 per cent who leave in the first year.

The ones at the top of the pyramid are the ones who are invited to join at pre-launch, you are not.

Those include the owners, and big investors and top network marketers who all have big followings.

Us mere mortals don’t really stand a chance, but I’m not saying that these systems are designed for everybody else to fail because some do push through and succeed, but very few and the ones who do take years.

But people still join them because they either believe what others tell them without any research or just think they have the ability to succeed.

I was one of those persons and didn’t earn a dime.

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Let’s look at the Mind Capital products

There are no products or services of retail ability value as such at Mind Capital but what you do buy into is the purchase of their internal token (MCcoin) which have no monetary value outside of the Mind.Capital platform.

This way of operating obviously is a way to avoid regulators.

For some reason, you purchase these tokens which are turned into Bitcoin to trade.

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Mind Capital Business Opportunity – What you need to know

Is there a business opportunity at Mind Capital?

The state of Texas Securities Commissioner says otherwise.

That been said, let’s continue…

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How to Become a Mind Capital Affiliate

To become an affiliate of Mind.Capital you need to find a sponsor first and then its just a matter of entering a few details.

It is free to join but in order to earn money or in this case Bitcoin, you need to invest a minimum of $40 and that buys you MCcoins which are tokens that have no monetary value.

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How to Make Money with Mind Capital

You make money in the way of commissions when you recruit others into your team and they invest their money.

Mind Capital claims that you can make daily returns as high as 1.5% on your investment but you will have to pay administration costs of 35%.

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Mind Capital Compensation Plan

Mind Capital affiliates invest a minimum of $40 with a maximum of $100,000 and are promised a daily ROI of between 0.5% and 1.5%.

Commissions are paid through a uni-level payment structure highlighted below.

There are many different payment structures and this is just one of them.

This structure places the affiliate, in this case, you at the very top and every person you recruit goes onto the “First-level”.

Any recruits the affiliate at level 1 bring in go to level 2.

This is repeated all the way down to level 10 which is capped by Mind Capital.

Commissions are paid out across your team members.

The further down the levels the less of a percentage you make but that will be increased the higher up the rank you get.

• • Level 1 – 8% what you personally recruit
  • Level 2 – 4%
  • Level 3 /4 – 3% but must generate $5k/downline volume
  • Level 5/6 – 2% but must generate $15k/downline volume
  • Level 7/8 – 2% but must generate $50k/downline volume
  • Level 9/10 – 2% but must generate $100k/downline volume

Check out this short video

Mind Capital claim they developed their own AI algorithms to generate revenue but there is no way of proving this.

However, clicking this link just takes you to a login screen and must only be available after you have signed up.

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Are Mind Capital Affiliates Actually Making Money?

As there is no evidence or income disclosure then this is a hard question to answer and always is with MLMs.

We could take a look at social media for evidence but I’m afraid you won’t find the real truth there, just Mind Capital affiliates trying to get you onboard.

What we do know and it is well documented, is that the money ends up in the top .5% of the number of members associated with Mind Capital.

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What I like about Mind Capital

There is absolutely nothing I like about Mind Capital.

If I were to invest in Bitcoin, then I would be researching the subject thoroughly and finding a legit broker to ensure I was on the right path.

The last place I would be looking would be a Crypto multi-level-marketing business opportunity seeing that the market is overwhelmed by scammers.

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What I don’t like about Mind Capital

Trading cryptocurrencies at the best of times is very unpredictable so getting involved with a Crypto MLM does not sit well with me.

Just very recently, Bitcoin’s valuation dropped by around $10k in the space of 18 hours. Taking it from around $42k to $32k. ‘Caused by some big investors dumping their investment.

A very quick way to make a lot of money if you have the money to invest and you have to be on the ball otherwise you will miss out and most do.

1. Not sustainable

Once the people cotton on to the fact that this is a complete waste of time then interest will be lost and the bottom will fall out, leaving Mind Capital nowhere to go except close.

There as never really been that much interest in Mind Capital which can be seen by Google trends.

2. Head offices are in Tallinn, Estonia

Another tax haven used by companies to hide their business interests with Estonia been one of the main EU countries that allow businesses to avoid paying taxes providing they are not doing business in that country.

3. Pyramid Scheme in disguise

We can’t see any products or services of value.

With a lot of interest worldwide by regulators stating the obvious, that they are running a Ponzi or Pyramid scheme and with total bans in certain countries a time for Mind Capital to make some very big changes.

4. Do not appear to be regulated

According to what I am reading, that the owners of Mind Capital are not regulated and therefore committing securities fraud.

Does the fact that because Mind Capital is registered in Estonia mean that they are exempt from criminal procedures?

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Is Mind Capital a SCAM?

Well, based on what you have read in this Mind Capital review what do you think?

With multiple securities fraud warnings in action throughout various countries.

The CNMV or National Securities Market Commission sent out a warning to everybody that Mind Capital is not authorised to sell their investment services.

We have the Securities Commissioner from Texas, the US  who brought an emergency stop action to prevent Mind Capital from marketing what they call a “Fraudulent International Cryptocurrency Pyramid Scheme to Texans”

Mind Capital is also banned in Italy.

Mind Capital use tokens in the way of MCcoin which has no monetary value outside of Mind Capital to pay their affiliates. These are used to filter from the Bitcoin Wallet through an internal exchange until the time comes to not.

If and when the time comes and it is looking likely, then all Mind Capital will do is break that link between Bitcoin and MCcoin.

That will leave the top investors with the bulk of Bitcoin to do whatever they like with.

It would appear that they are bringing in another token aptly named “Namesis”. How appropriate which looks like they are preparing for what?

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Mind Capital Review – Final Analysis

I think we have waffled on long enough as to whether Mind Capital is a good investment to get involved with and I’m sure you will agree, it isn’t and you should stay well away from.

However, if you are looking for a business opportunity, then why not start a business yourself and be in full control. Affiliate marketing allows you to do this.

Create a business about something you love like an interest or a hobby and not some crappy products or services that you can see all over the internet.

There are literally hundreds of millions of products you can promote and around 5 billion internet users.

With approximately 4.5 billion who are searching in Google, which currently means there are over 7.5 billion keyword searches every single day. Those are potentially your customers.

Find out what these potential customers are searching for using a keyword research tool like Jaaxy and create amazing content.

Hard work, patience, consistency, and dedication with the right mindset.

Most MLMs are here today, gone tomorrow so stop wasting your time and effort and invest in yourself, and not some business that may not be around in the next 5 years.

Wealthy affiliate is probably the best training platform there is for learning how to become an affiliate marketer which you can check out here.

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How I make a Living Online

I have not been a fan of MLMs, since I have tried them and not earned a dime.

What did not sit right with me was trying to recruit family and friends, in fact, I wouldn’t do it because I wasn’t prepared to risk our friendships.

Just a few things I do not like about MLMs

• • Recruiting
  • Getting family and friends involved, which is what they teach you
  • Cold calling
  • Pressures from sponsors to meet targets
  • Mounting costs
  • Not being in control
  • No real business to show of
  • If you want to progress you have to attend events
  • When/if the business closes you have nothing to show for all your hard work

Here are just a few success stories that I choose at random…These are just typical of what you can expect.

• • Ralph reached his goal of a six-figure business in 2018. Check his story here
  • Check out how Eddie earned over $9k in a month here
  • See how Dylan sold his site for $40k here
  • Darren and 11 sales on Amazon in 1 day here
  • Michael’s progress with Wealthy Affiliate referrals alone here
  • John’s new commission record exceeds $2k in 1 day here
  • Nearly $5k for the month of December for Deborah here
  • Michael’s first $30k month here
  • How Stephen bought his Lamborghini here
  • Kenny says it’s hard to really fail at Wealthy Affiliate here

If you are ready for this amazing journey then you can join here for free.

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Feedback, Comments and Subscribe

I hope I covered the questions you have been asking yourself and that you enjoyed this review.

If you did, why not show some love by sharing amongst your friends and family in social media.

If there is anything I missed out or something you would like to ask me then please put them in the comments section below.

Until next time, stay safe.