AMZCoin Review: AMZCoin.Technology A Useless Crypto Coin

AMZCoin is a child company of VISIONARIA. It is described as a system through which the users and organizations can exchange AMZ. The company seems to have complete control over the AMZ. The website (AMZCoin.Technology) does not mention any details about the owner of this crypto platform. However, Andre Cunha – CEO of VISIONARIA – is probably its founder as well.

The company is running from Portugal, but it has become very famous in Indonesia. There are numerous aspects of this crypto company that raises red flags about it. Keep reading this review to know whether it is a scam or a legit crypto platform.

What is AMZCoin?

AMZCoin.Technology describes the company as a counterpart of VISIONARIA. It is a platform through which you send and receive payments from different companies, and AMZ is supposedly making the transactions easier. The website states that the company is involved in bringing innovation in the crypto industry and creating a new crypto coin.

AMZCoin is developed using EOSIO software. The company claims that the coin is used in various business deals, exchange programs, humanitarian causes, marketing apps, and online tv channels. However, it does not mention any popular name that uses this platform. As a result, the entire company and its claims seem fraudulent from the very start of reading the About us page.

Founder of AMZCoin

AMZCoin does not disclose the name of its owner. Instead, it refers to the team behind the company as a multidisciplinary team that has experience in multiple areas.  According to the company, a large team of qualified people has allowed it to have applications in several industries like social media marketing, finance, engineering, and many more.

Since VISIONARIA is marketed as the parent company of AMZCoin, it is quite logical to look at its owners to find out more about the team behind this crypto platform. Andre Cunha is the CEO of VISIONARIA. The social media profiles of Cunha, particularly Facebook, shows that he lives in Portugal. The registration of AMZCoin.Technology also displays Portugal as its area of origin. It means that AMZCoin is run out of Portugal and probably. Cunha is its CEO as well.

It is important to note that even though the company is operating from Europe, it has become prevalent in Indonesia. The marketing team is clearly targeting Indonesia by heavily promoting the platform there.

Details of AMZCoin.Technology

The website created in October 2019, and it will expire in 2023. The majority of the website traffic is from Indonesia (31%). Overall, the domain has a good global ranking, which shows that the company is becoming popular in many countries.

There are several suspicious things about this crypto company. It is operating from Portugal. Yet, the company is highly popular in Indonesia due to its marketing strategies. It can be an indication of financial fraud. Hence, do not invest in a suspicious company like AMZCoin.Technology. As an alternative, rely on the trustable crypto trading bots that give you control over your investment. Since these bots are genuine, you can expect to earn a good amount of profits by making smart investments.

Products and Services of AMZCoin

AMZCoin is another Ponzi scheme that does not have any products or services for its members. The only way of accessing and using the coins is by joining the affiliate membership. While the affiliate membership is free itself, you have to invest AMZ in the company to join the compensation plan.

Features of AMZCoin

AMZCoin claims to have the following three distinct features:

1.     Price

AMZs are free after you have made an initial investment in the affiliate membership of the company. AMZCoin.Technology says that it is designed using EOSIO, which is a very unique and efficient blockchain protocol. Hence, it is cost-effective for both the investors as well as the developers.

2.     Speed

Since AMZCoin is developed using EOSIO, so it allows the developers to quickly create blockchain applications with a lower time period of latency.

3.     Scalability

The system is supposed to be highly scalable and compute about 30-50 transactions per second, making it one of the most advanced crypto platforms. However, there is no proof that the company has actually achieved that.

AMZCoin’s Promises to Members

The website states that the business group behind this venture is a well-established name in various sectors to convince people to invest in AMZCoin. However, it is important to note that they never name any business group, which is raising red flags about this company. Suppose a legit and renowned organization was behind AMZCoin.Technology, they would have mentioned it multiple places on the website. Instead, it keeps referring to it as a business group.

Moreover, it claims that AMZCoin is the fundamental source of income in various businesses. It is used for payment of products and services in multiple organizations. Yet, the company never mentions any name of their partners. It entices the users by saying that it is very cheap, and you can make a lot of money and use it for business transactions by making a small investment in it.

Compensation Plan

Once you become an affiliate member of AMZCoin.Technology, it asks you to invest in AMZ. Affiliates who spend more than 10,000 AMZ can store their coins with the company. Moreover, they are promised the following compensation:

• Get 0.5% ROI per month by investing for three months.
• Get a 1% ROI per month by investing for six months.
• Receive a 2% ROI per month by investing for 12 months.
• Obtain a 3% ROI per month by investing for 18 months.
• By investing for the maximum 24 months, you can get a 4% monthly ROI.

The monthly ROI is paid in AMZ. You should know that AMZ is not publicly mentioned anywhere on any crypto list. AMZ is entirely under the control of AMZCoin.

Referral Commissions

The company uses three main levels of referral commission. These are:

• 10% referral commission for members on level 1, which includes directly recruited affiliates.
• 5% referral commission for members on level 2 and level 3.

Unlike the monthly ROIs, the company promises to give a referral commission in euros. The website states that the members can withdraw euros anytime via Bitcoin currency.

Is AMZCoin a Scam?

Yes, AMZCoin is a Ponzi scheme that aims to get investment from people without offering any real services in return. It claims to be a well-known platform to facilitate payments between different businesses. However, there is no proof that it is used by any company or industry to trade AMZ. Only this company has control over AMZ, which makes it highly suspicious.

Moreover, the company is majorly promoting this so-called new technology in Indonesia instead of Portugal, where it is based. It raises some serious concerns about the legitimacy of this company. It also emphasizes the fact that AMZ is developed using EOSIO, which is a cost-efficient and quick tool. However, there are no rules and regulations in EOSIO. It is highly possible that the company uses EOSIO to create illegal coins.

Such Ponzi schemes often turn out to be total frauds and illegal after some legal authorities’ investigation. Since it is a passive income scheme, it should have already been registered with the financial regulations. However, there is no information about company registration in any country. It indicates that the company is operating illegally and committing financial and security frauds.

In short, AMZCoin is a Ponzi points scheme that does not have any real potential of becoming successful. If anything, it might completely close down soon, which will end up costing the members a lot of money. Therefore, you should invest in such Ponzi schemes. Instead, use advanced crypto trading bots that provide you an opportunity of earning maximum profits. Such bots are available all the time, and you don’t have to worry about them turning out to be scam crypto companies.