Purple Mining Review – A 7000% ROI Investment Ponzi Scheme!

Purple Mining is a MLM or multi-level marketing company that markets a straight investment opportunity. They claim that you can earn up to 7000% returns on your investments, which is just absolutely nuts. 

The niche they’re operating in would be in cryptocurrency investment. 

There’s no owner information posted anywhere on their website. We know that their domain was registered in September 2020 and was privately registered.  

To appear legitimate, they have a UK incorporation which is meaningless in the MLM industry. UK incorporation is cheap and unregulated, which is why a lot of scammers just hide behind this flimsy government document. 

Their traffic comes from Russia, Venezuela, and Mexico. 20% of it is coming from Venezuela, so it might mean that the scammers are operating out of this country. 

Purple Mining Product Line

There are no retail products or services available here. You’re only marketing their income opportunity, which is the investment scheme. 

Does The Product Work?

All right, let’s get one thing straight here. 7000% a week for ROI’s is just plain stupid and braindead obvious to everyone. 

They claim that they generate their external revenue through the international financial market and that they’re an authority figure in the cryptocurrency trading and mining. They also develop hardware and offer investments in the same industry. 

Unfortunately for them, there’s no proof that this is ever happening. 

Even if they are able to generate a fraction of their promised ROI, why would they even share it with everyone? Why would they get people into the income opportunity? It doesn’t make sense.

The only source of income that Purple Mining is relying on is through new member investment, which is done via recruitment. 

Once the recruitment stops, the money stops coming in too. The company will collapse once this happens and they’ll either shut down or reboot to another brand. 

The latter’s most likely to happen.

There’s nothing fancy about their compensation plan. There’s supposedly two ways you can make money from their income opportunity: 

• Promised ROI profits
• Referral commissions

How To Get Started with Purple Mining?

Their investment opportunity doesn’t have a membership fee, but to take part in the MLM, you have to invest a minimum of 0.0005 BTC.

Purple Mining Compensation Plan

ROI is based on the amount you invest into the program.

Now, if you decide to invest, here are the crazy return that the company claims they can pay you:

• Invest between 0.005 to 10 BTC and the company offers 200% over just 120 hours
• Invest between 0.04 to 10 BTC and the company offers a 400% over 96 hours
• Invest between 0.5 to 100 BTC and the company offers an even more crazy 7000% in just 7 days

Referral Commissions

Their referral commission structure is based on a unilevel structure. This is capped at two levels. 

Your direct and personal recruits are placed under you, and categorized as your Level 1 members. 

When your Level 1 members recruit, they become your Level 2 (and subsequently, their Level 1’s). 

And this goes on infinitely until two levels. 

You earn based on these levels:

• 5% of the investments made from all of your personally recruited members
• 2% of the investment made from all of your personally sponsored personals

#1 Obvious Ponzi Scheme!

Purple Mining is a Ponzi scheme because it’s just focused on recruiting people. There’s no proof that they’re generating income outside of recruitment. 

If you look at any guidelines from any MLM regulatory agency, you’ll find that if a MLM company is focused heavily on recruitment, they get flagged as a pyramid or Ponzi scheme. 

This would prompt the agency to investigate said MLM company. This is why a lot of MLM companies, even big companies like Herbalife, had to revamp their compensation plan when they were flagged by these agencies. 

Most of them were even shut down after they were hit by an investigation. 

#2 Outrageous ROI Rates!

We just have to call them out on this one. 7000% for ROI’s is just plain stupid and absurd. No company in their right mind would ever share their technology if it was possible to generate such a crazy amount of ROI. 

And if there was a legitimate way to make this ROI, that measly investment of 0.0005 BTC is just stupid. There’s no way companies would ever ask you to invest that low. There’s no way they’re not taking a cut out of your earnings too. 

But then again, Purple Mining is not a legitimate company.

Purple Mining is not a legitimate MLM company. There’s nothing to like about it.

Purple Mining is a Ponzi scheme that promises an absurd ROI over a short period of time. The red flags of a Ponzi scheme are all there, from the recruitment-heavy compensation plan to overhyped income claims. 

Just like all Ponzi schemes, once the recruitment stops, the money will stop coming in. The company will collapse and then probably reboot to a different brand.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.

The reason is simple...

• You don't have to recruit anyone to make money
• You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
• It's Free to get started

In fact, with affiliate marketing...