ATC Coin provide no information about who owns or runs the business on the company website.
The ATC Coin website domain (atccoin.com) was privately registered on March 1st, 2017.
A page on the ATC Coin website titled legends involvement claims Bill Gates, Warren Buffet, Eric Schmidt, Richard Branson and Peter Thiel are involved in the company.
No proof of any involvement by any of the individuals listed is provided.
An UK incorporation document for ATC Coin LTD is provided on the ATC Coin website.
ATC Coin LTD was incorporated in the UK on May 11th, 2017.
Subhash Jewria(right) is listed as the sole Director of the company, through a virtual mailing address owned by Garden Studios.
On his Facebook profile, Jewriacites his location as Mumbai, India. This is likely where ATC Coin is actually being operated from.
Prior to launching ATC Coin in March Jewria was promoting My Money Seva. He was also promoting payment solutions to MLM companies:
My Money Seva appears to be a local e-commerce discount platform. As far as I can tell, ATC Coin is Jewrias first MLM launch as an executive.
Read on for a full review of the ATC Coin MLM opportunity.
ATC Coin has no retailable products or services, with affiliates only able to market ATC Coin affiliate membership itself.
ATC Coin affiliates invest in ATC Coin on the expectation theyll be able to later sell the coins at an increased value.
ATC Coin affiliates invest 100,000 INR ($1544 USD) and receive 50,000 ATCC upfront, plus 4500 ATCC a month for 18 months.
Residual commissions on funds invested by recruited affiliates are paid out via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliates unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
ATC Coin pay a percentage of funds invested by affiliates in a unilevel team, based on what level of the unilevel team the affiliate is on:
ATC Coin affiliates can increase the percentage paid out on levels 7, 9 and 11 if they meet the following qualification criteria:
A residual commission is also paid on cashback payments, again based on what level of the unilevel team the cashback was generated on:
Note that the ATC Coin website does not provide any information on how affiliates generate cashback.
ATC Coin reward affiliates who recruit downlines as follows:
ATC Coin affiliate membership is tied to an investment of 100,000 INR ($1544 USD).
ATC Coin was launched in late April and is currently publicly tradeable on the Nova Exchange.
ATC Coin is also listed on Coin Market Cap, with a current value of 9.2 cents.
As at the time of publication, the actual value of ATCC is lagging behind projections used to market the opportunity:
According to Nova Exchange, on July 1st the value of ATCC was 0.00035 BTC (5.92 INR).
Coin Market Cap began tracking ATCC in late June. Today ATCC has a value of 8.7 cents USD (5.64 INR).
As far as I can tell ATCC has no real world application as of yet, leaving a question mark over whether the coin will achieve projections going forward.
ATCC presents itself as yet another MLM pump and dump coin. Affiliate presentations claim the coin can be used for e-commerce, but as of yet there is no evidence of this being possible.
In line with other MLM pump and dump altcoins, all ATC Coin affiliates can do is invest in the coins, trade them (among themselves as theres no public interest) or hold onto the coins and hope the price rises.
Interest in ATC Coin at the moment appears to be exclusive to India. The UK incorporation is a shell listing, with ATC Coin not appearing to be registered in India to offer securities.
The company also has no retailable products or services, meaning its operating as a pyramid scheme.
At the moment ATC Coin is being marketed as Indias answer to bitcoin. This might generate some initial investment hype, but without a real world application ATC Coins value is going to eventually plummet.
Its also worth pointing out that ATC Coin is undercutting the public market, offloading premined ATCC for 0.76 INR.
This suggests ATCCs current public price of 8.7 INR is massively inflated (to the tune of 1144%).
Subhash Jewria can either raise the price hes selling premined ATCC for through ATC Coin, which in turn will cool affiliate recruitment, likely collapsing the MLM opportunity.
Or he keeps massively undercutting the current public value of ATCC, which will stifle public trading of the coin.
Jewria is unlikely to kill off his golden goose (selling ATCC at a huge discount to gullible investors).
As such when ATCCs public value eventually aligns with what Jewria is selling his premined ATCC for, investors get screwed.
Read the original post:
ATC Coin Review: ATCC altcoin with massively inflated …
- Altcoins Explained | The Best Altcoin Guide for the Beginning ... - October 3rd, 2018
- Altcoin.io | The cryptocurrency exchange of the future | Wefunder - September 30th, 2018
- Android Bitcoin ~ Altcoin Price Ticker ~ Coin Maker - September 4th, 2018
- 7 Altcoin Exchanges Without KYC & AML - CoinSutra - August 22nd, 2018
- Altcoin News Archives - Ethereum World News - August 7th, 2018
- How to Choose Which Altcoin to Invest In? - Coinidol.com - August 7th, 2018
- Altcoin News | Altcoin News today | Latest Altcoin News - July 27th, 2018
- USING ALTCOIN TRADER - rsainvestments.blogspot.com - June 24th, 2018
- Guide: Compiling an altcoin daemon in Ubuntu Linux ... - May 31st, 2018
- Top 3 Altcoin Trading Exchanges - [Reviews and Ratings] - May 27th, 2018
- PacCoin VPS Masternode Guide AltCoin Guide - May 12th, 2018
- Asian Cryptocurrency Trading Roundup: Top Altcoin is Tron ... - May 10th, 2018
- Alternate Cryptocurrencies aka altcoins r/altcoin - reddit - May 9th, 2018
- Garzik Forks UnitedBitcoin Away from "Maximalists" to Support Altcoin ... - April 13th, 2018
- Bitcoin, Altcoin and Cryptography explained - April 4th, 2018
- ZClassic and the Bitcoin Private fork : altcoin - March 4th, 2018
- Altcoin Trustworthy Decentralized Cryptocurrency Exchange? - March 4th, 2018
- Blockfolio Bitcoin Altcoin App on the App Store - March 4th, 2018
- Morning Asian Altcoin Trading Roundup: the leader is Tron - February 28th, 2018
- Webinar: Bitcoin Overshadowed by Altcoin Surge - Nasdaq.com - February 12th, 2018
- Bitcoin Mine News Bitcoin & Altcoin Mining & Trading News - January 7th, 2018
- Ethereum, Litecoin Prices Headline $20 Billion Altcoin Rally - January 7th, 2018
- What is an Altcoin? - CryptoCurrency Facts - January 4th, 2018
- What is an Altcoin? - ccn.com - December 20th, 2017
- Trading Bitcoin for an Altcoin Won't Shield You From the IRS ... - December 20th, 2017
- Buy or Sell Bitcoin, Litecoin, Altcoin Multi Crypto Currency ... - December 20th, 2017
- Altcoin Exchange Performs First Atomic Swap Between Bitcoin ... - December 6th, 2017
- GitHub - ander7agar/altcoin-rpc: A modern Bitcoin Core REST ... - December 2nd, 2017
- Altcoins - BTCMANAGER - November 28th, 2017
- Markets Update: Bitcoin Bull-Run Primes Altcoin Markets for ... - November 25th, 2017
- Altcoin Exchange, the Decentralized Cryptocurrency Exchange ... - October 17th, 2017
- Altcoin Watchlist | Meet & Learn Cryptocurrencies - October 4th, 2017
- CryptoCurrency Investing: Research and Due-Diligence ... - September 6th, 2017
- JRM Altcoin Update - Quit chasing the headlines! - YouTube - September 4th, 2017
- Bitcoin Cash Statistics Confirm BCH is Just Another Altcoin - Live Bitcoin News - September 2nd, 2017
- Which Altcoins to Buy This Week? (31st of August, 2017) - Live Bitcoin News - September 1st, 2017
- OpenBazaar Developers May Introduce Altcoin Support in the Near Future - The Merkle - August 27th, 2017
- Exante launches XAI, the world's first altcoin fund - GlobeNewswire (press release) - August 25th, 2017
- ALTCOIN | Bitcoin Insider - August 23rd, 2017
- Altcoin Forum - Alternative Cryptocurrecies Location - August 23rd, 2017
- Op Ed: Drivechains Could Kill Off the Altcoin Market - August 22nd, 2017
- Nakamoto Institute Daniel Krawisz: I Don't Like Altcoins, but I Like Forks - Bitcoin News (press release) - August 22nd, 2017
- Bithumb, Highest Volume Exchange Globally, Adds Monero - Inside Bitcoins - August 22nd, 2017
- One-Man Band To Create The Second Altcoin Forum In The World - Coin Idol (press release) - August 18th, 2017
- When altcoin life imitates art - FT Alphaville (registration) - August 14th, 2017
- ALTCOIN CAPITAL - Trusted Crypto Traders - August 12th, 2017
- Overstock Now Accepts Various Altcoins for Payment - Including ... - Bitcoin News (press release) - August 10th, 2017
- What are Altcoins and ICOs Bitcoin Whiteboard Tuesday - 99 Bitcoins (blog) - August 9th, 2017
- Cryptocurrency Symbol BCC Belongs to BitConnect Coin, Not Bitcoin Cash - Markets Insider - August 8th, 2017
- Crypto-Startup Hubcoin Announces Distribution of Pre-Mined HUB to Altcoin Developers - Bitcoinist - August 3rd, 2017
- This Altcoin Is Ready to Challenge Bitcoin's Domination of the ... - Futurism - July 31st, 2017
- Beginning of altcoin's end: US signals digital coins may be subject to federal securities law - CalvinAyre.com - July 31st, 2017
- All Major Indian Exchanges Reject Bitcoin Cash Completely - Live Bitcoin News - July 31st, 2017
- Global Advisors Launches ICO and Altcoin Closed-End Private Fund - Finance Magnates - July 31st, 2017
- USING ALTCOIN TRADER - rsainvestments.blogspot.co.za - Google - July 9th, 2017
- Payza Commits to Cryptocurrency: Unveils Full Bitcoin Services, Introduces Altcoin Exchanges - CoinDesk - July 7th, 2017
- What is an Altcoin? Bitcoin Magazine - July 7th, 2017
- CryptoPing completes $2.5 million ICO to further develop altcoin trading intel bot - CryptoNinjas - July 4th, 2017
- Saturday Slump: Ethereum, Bitcoin Prices Headline Crypto Market Downturn - CryptoCoinsNews - July 1st, 2017
- Monday Massacre: Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red - CryptoCoinsNews - June 26th, 2017
- Altcoin signal app CryptoPing set to conclude ICO with over $1m already raised - CryptoNinjas - June 25th, 2017
- EasyMINE: Altcoin Mining for Everyone - Coin Idol (press release) - June 22nd, 2017
- Altcoin 2017 Forecast: Litecoin (LTC), Peercoin (PPC ... - June 18th, 2017
- Which Altcoins To Buy This Week (16th of June, 2017) - Live Bitcoin News - June 17th, 2017
- Bitcoin Altcoin Trader Price Analysis - June 13th, 2017
- 'Real Businesses are Using Waves', Says Rep as Altcoin Crosses $600 Million Market Cap - CryptoCoinsNews - June 11th, 2017
- Altcoin Definition | Investopedia - June 9th, 2017
- Top 6 Altcoin Exchanges you may Have Never Heard of - The Merkle - June 8th, 2017
- Which Altcoins To Buy This Week (6th of June, 2017)? - Live Bitcoin News - June 6th, 2017
- Altcoin intel bot CryptoPing ICO now live - CryptoNinjas - June 5th, 2017
- Bitcoin (BTC), Ethereum Just The Tip Of The Iceberg For Cryptocurrencies - ETF Daily News (blog) - May 30th, 2017
- All Top 20 Altcoins Fall By At Least 30%, Ripple Down to $6.2 Billion - CryptoCoinsNews - May 28th, 2017
- CryptoPing, the Cryptocurrency Bot that Monitors Altcoin Markets. ICO in 48 Hours! - FinSMEs (blog) - May 24th, 2017
- Which Altcoins To Buy This Week? (May 22nd, 2017) - Live Bitcoin News - May 24th, 2017
- Altcoin Price Increases and How CryptoPing May Help Traders - The Merkle - May 24th, 2017
- Another crypto bubble and the rise of altcoin markets - Brave New Coin - May 15th, 2017
- CryptoPing Altcoin Intelligence Bot Announces ICO - The Merkle - May 15th, 2017
- What is crypto-currency? Learn everything you need to know. - May 10th, 2017
- Which Altcoins to Buy This Week? (May 8th, 2016) - Live Bitcoin News - May 8th, 2017
- Altcoin Market Takes A Hit and Bounces Back Amid US$3bn Trading Spree - Live Bitcoin News - May 8th, 2017