Yes, sites like 12DailyCoins.com are nothing other than the scam. We don't deny that these kinds of sites pay to few members at starting, but it will not pay the majority of members at the end.
OK, let's find out in detail why is 12DailyCoins a scam, what makes 12 Daily Coins a scam and what is 12DailyCoins.com in real through our 12DailyCoins.com review here. So, let's begin with our 12 Daily Coins review.
12DailyCoins.com is a fraudulent website due to the following reasons:-
# 12DailyCoins.com is a Ponzi scheme which is neither a legal nor a sustainable scheme. Legal authorities have already warned the general public to stay out of the Ponzi scheme due to its unsustainable nature. The majority of members will lose their money in Ponzi scheme and only a few ones who join the system at first will make some few bucks due to which you will find out some few people who promotes and supports some Ponzi schemes.
# We can say "12 Daily Coins" is a Ponzi scheme because it doesn't have any real source of income to pay profit to its members. It claims to pay up to 12% daily profit for 12 days on the investment amount of members by using the money of members in cryptocurrency trading. However, none of the experts in the cryptocurrency field can guarantee such a high amount of return daily by doing any kind of cryptocurrency trading. On top of that, 12DailyCoins even fails to provide the proof of its cryptocurrency trading which proves it doesn't have any real source of income and only can pay members by routing the money between the members which is not a sustainable business.
# All the Ponzi schemes like 12DailyCoins trick people by showing the real payment proofs because they pay few members at starting by routing the money between the members so that they can lure more people into their scheme by showing those payment proofs. However, it is practically not possible to pay all members in that way because when they pay one member, they need to use the money invested by other two members so that they can pay the principle and profit to that one member. But, whenever they pay members in that way, they will create a debt equal to the amount of profit that they use to pay the members. So, even Ponzi schemes like 12DailyCoins want to pay all members they can't because day by day the debt will be kept on increasing and they will not have enough fund to pay all members. That's why Ponzi schemes like "12 Daily Coins" are illegal schemes.
# 12DailyCoins has tried to trick people by showing the company's registration document registered from the UK Companies House. But, don't fall for that trick. Lots of Ponzi schemes in the past have already turned into scams which were registered from the UK Companies House. Actually, it is very easy to register a company in the UK Companies House by providing virtual address which you can rent from the virtual address provider services as well as by providing the third person identities. Even you can register a company in the UK Companies House without any hassle. On top of that, such kind of registration is not the license to run an investment company like 12DailyCoins (12DC Limited), but just a registeration for the tax purpose.
# 12DailyCoins also operates another illegal scheme known as a Pyramid scheme because any company which pay referral commission up to multi-level downlines without selling any real products or services is known to be a Pyramid scheme. 12DailyCoins is also claiming to pay referral commission up to 3 level downlines but without selling any real products or services, just on the sales of its Ponzi ROI plans. So, this makes 12DailyCoins.com a Pyramid scheme as well.
Now you know that 12DailyCoins.com is a combination of two illegal schemes which are Ponzi and Pyramid schemes. So, 12DailyCoins.com is a scam. That's why we have listed 12DailyCoins.com within our “Scams” category. So, in this situation, we don’t recommend you to invest in "12 Daily Coins".
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