MIDO Finance Review – Legitimate MLM or Just Another Scam?
Hello my friends and welcome to my MIDO Finance review! You might be here because someone referred you to this company. Maybe you just happened to come across them here on the internet. Either way, you are at the right place. I am not part of this company in any way. But rather, giving you an unbiased review based on the facts that I’ve been able to gather so far. We will find out if it’s legit or not. So make sure to stick around ’till the end. This way you will be able to make your most informed decision. Let’s continue with my MIDO Finance Review.
MIDO Finance Review – What Are They All About?
So what they tells us on their website is that they are a small team of enthusiasts that work in the finance field, blockchain and IT technology. Apparently they have grown a lot of successful crypto projects. What I did next is to see who is behind the company. But guess what… I could not find any names or CEO. Nothing. So that is a huge red flag to start. I need to know who is this small team of enthusiasts that they are talking about. What I did find out is that they privately registered their domain “mido-finance.com” in January 24th, 2020. They later updated it on March 17th, 2021.
Mido Finance Reviews – Products To Offer
So this company says that they offer some kind of service. They apparently will take your money and trade the crypto for you. This way you would supposedly make a return on your investment. You can become one of their affiliates and promote their affiliate membership itself. So, if we look at it, we don’t really have any retail products here. So, again, another red flag.
MIDO Finance – Their Comp Plan
So how this works with this company is that their affiliates invest into the company. This way they can promise them a guaranteed return. You will need to use Bitcoin to make your deposit, and here are the packages that they will offer you. If you bring people in to the company and they invest, you will also get payed for that:
- The Minimum – You Invest 0.001 to 0.002 BTC then receive 0.7% ROI for 7 days
- Base – You Invest 0.001 to 0.011 BTC then receive 0.8% to 1% ROI for 27 days
- The Advanced – You Invest 0.021 to 0.054 BTC then receive 1.1% to 1.3% ROI for 37 days
- Business – You Invest 0.107 to 0.161 BTC then receive 1.4% to 1.6% ROI for 47 days
- The Premium – You Invest 0.215 to 0.375 BTC then receive 1.7% to 1.9% ROI for 57 days
- Maximum – You Invest 0.536 to 1.073 BTC then receive 2% to 2.2% ROI for 67 days
So MIDO Finance has different ranks that you can achieve with them. There are going to be 18 ranks and you will be placed depending on the requirements that you can meet. I’m not going to go through every single one, but here is an idea on how it works. Let’s continue with my MIDO Finance Review.
The first one, you will need to deposit $150 with a $1,500 first line turnover, a $2,000 structure turnover with the rest lines turnover of $500, and you will receive $40. So that’s the first one. It goes on an on like that until the last one. On the last one you will need to deposit of $15,000 with $4,000,000 first line turnover, $15,000,000 structure turnover with the rest lines turnover of $11,000,000 and then you will receive $50,000.
Their Affiliate Program
They will pay you commissions by using a unilevel comp plan structure. It will be maxed at 10 levels in total. So the higher you are ranking, the more levels you can achieve. If you want to join this company it won’t cost you anything. But in order for you to earn money you need to invest a minimum of 0.0001 BTC.
Ok, so what do you think… It this a legit MLM or just another scam? The first red flag is that we don’t know who runs the company. Why would you want to give your money to a company like that? They keep talking about this select small team, but they don’t tell us any names.
Second, I can’t find any proof on how they are making all theses returns. All I can see here are new members paying off existing members. Plain and simple. There is no real trading going on here. They are just lying to you on their website to make you think something they are not. It’s really not a matter of IF they will exit scam, but rather WHEN they will exit scam. So you’ve been warn. Do not invest here because you will end up losing big time!
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