Is Coinspace (S-coin) A Scam? Find Out The Rock Hard Facts!!- Coinspace Review

CoinSpace SCoin Global Reviews
Published on July 28, 2017 by John Boutakis on LinkedIn

My Goal Is To Help You Find Financial Freedom From The Current System Of Bank And Government Corruption, Debt And Taxes.



Let’s take a hard look at the true facts.

Coinspace IS a registered European business, with a mission to ‘COMMERCIALISE’ Cryptocurrency into generic use.

Coinspace came into being in mid-2015 putting together a very loyal, but small group of people who were keen believers in the business idea and made a start releasing the new concept and brand.

We all admit that the business got off to a shaky start.

Like many businesses at first, the start-up team needed to put a lot in place.

Moving to today, from that very humble beginning Coinspace is now over 200,000 members strong and new members are joining every day.

People are not stupid! Well let’s say all of them? Many, many people have done their due diligence and checked out Coinspace to tops before they got Coinspace mining lease like I did.

You will not find those that have money to begin with, do not make wild investments, TAKING RISKS YES!

But they do not have money to do anything they have not investigated.

Then they are a little short on cash also need of the research, as they are not in a place where they have money to lose.

People, the rich and not so rich from countries all over the world have joined Coinspace and some of these people have acquired numbers of mining leases for very small amounts and others have spent hundreds of thousands of dollars.

CoinSpace S Coin is Coinspace to SCAM

Some of these are called SCAM reports that Coinspace member’s CAN NOT TAKE MONEY OUT!


Some people purchasing Coinspace mining leases are buying them just to sell the coins Back to Coinspace at a minimal profit!

Bank interest is around 3% – Selling coins generated back to Coinspace before the launch generates around 12% return.

Then some involved in Coinspace are building teams like I am and each new member joins and buys a mining pack, the introducing member earns a cash bonus and binary points moving them up through our life changing compensation plan ..

Those bonuses are placed in an online wallet and can accumulate into hundreds of thousands of dollars and can be taken out at ANYTIME!

People have been using this money to:

A. Buy more Coinspace leases and generate more ‘S’ Coins for themselves.

B. They take that CASH MONEY OUT and spend as they wish.

C. Examples, some member’s in our team have taken out small amounts of a few hundred dollars and others in excess of $ 300,000 Dollars!


The following information is taken from some of those so called SCAM reports and an explanation is given.

Coinspace Research

Most of the Coinspace Member’s would have read the literature as supplied by Coinspace online and in their back offices.

Many have done a lot more research sourcing out information on the company like myself.

However, it seems to be a number of cases that people are not completely familiar with the facts.

We believe this to be about because not enough REAL in-depth research is completed in the way Coinspace truly works and operates.

SCAM REPORTS have many incorrect statements, showing that the person (s) writing the scam reports have also not completed enough research to gain the evidence to support Their scam claims!

In many cases it seems that the people placing the new scam reports are in fact copying the incorrect information from others and repeating that same information in there blogs.

It has also been noted in a number of cases the so called scam reporters are using Coinspace as a way of promoting PRODUCTS OF THEIR OWN.

Promoting SCAM is an excellent way to gain attention to a website and using a high profile business like Coinspace will help drive people to them.

While we do not wish to promote the idea of knocking other businesses to gain an internet ranking, establishing a so-called SCAM REPORT on a high profile company like Coinspace will attract a lot of attention and is a negative defiant to the company they are reporting on .

Scam Report Statements

The scam report settlements have been setout SCAM REPORT and the rebuttals the ANSWERS.

SCAM REPORT: Coinspace Scam Claim: The pyramid layer of CoinSpace sees the scheme rewarding affiliates for recruiting new affiliates and getting them to invest.

ANSWER: Coinspace has put together a ‘single layer OPTIONAL affiliate program’ it is not known as a multi-level marketing business, however Coinspace does use the number of aspects of multi-level marketing to assist the member’s.

Also the joining and the established members do not make investments.

Coinspace is NOT an investment company.

Members buy a 12 month Cryptocurrency mining lease.

It should also be noted that while the opportunity is in place to ask others to join and the reward is paid for that introduction only a smaller portion of members are taking up that option.

SCAM REPORT: Coinspace Scam Claim:

Under the now-familiar guise of operating a legitimate Cryptocurrency, Coinspace offer up the Ponzi front end powered by a pyramid scheme backend.

The Ponzi nature of the business is evident in the passive ROIs paid out each week.

Affiliate investment is the only source of funds entering the scheme, this is the source of passive ROIs paid out each week.

Thus Coinspace will take newly invested funds and use it to pay existing investors, which is otherwise known as a Ponzi scheme.

ANSWER: You have not completed any research into how Coinspace works! The above statement is totally incorrect

Coinspace Members are not required to make an investment!

Coinspace SELLS! A Product! Those wishing to join and current members are offered an opportunity to purchase a 12 month Coinspace Cryptocurrency mining lease.

Crypro Currencies currently listed on the open market.

This income alone is used to pay for company operating expenses, and for paying existing members bonuses and commissions.

The price paid for the current yearly Coinspace mining leases is spent on the continuing development of the Coinspace business and continued updating of it’s mining equipment.

SCAM REPORT: Coinspace Scam Claim:

The offered ‘S’ Coins themselves are worthless, with the typical ‘what if’ scenarios thrown about.

Coinspace affiliates are going to be using the coins (and then only to request withdrawals from Coinspace), meaning ‘S’ Coins are not really a Cryptocurrency.

ANSWER: The above statement has a number of true facts!

When bitcoin started back in 2008 they were selling on the open market for between 1 cent and 10 cents each. Today those same coins are selling for in excess of $ 3000 each.

We do not need a starting point!

Coinspace has NOT launched on the global markets YET! So to say the coins at the present time have no value is somewhat true!

BUT! Members are not paying $ 1000 dollars each for the coins either!

Coinspace guarantee that they will value the ‘S’ Coin at 0.79Euro and at launch the ‘S’ Coin will be released on the open market at 1.00Euro or higher and after that the market will determine the value, exactly the Same as Bitcoin.

Coinspace will be launching worldwide in November of this year and the prediction is that the ‘S’ Coin will grow in value very strongly over the next two years.

At the present time Coinspace members are the only ones that are able to make use of the coins TRUE! That’s called building your bank of coins NOW in preparation for the launch, accumulating as many as possible.

Note Coinspace has been ‘mining’ Cryptocurrency in the blockchain since mid-2013.

Coinspace has been very wise and has chosen not to release the new ‘S’ Coins until all the boxes have been ticked.

The members should be aware that the NEW merchant program is very very soon.

By introducing merchants to the initiative Coinspace opens a new door in the Cryptocurrency market and YOU have an opportunity to become a Cryptocurrency merchant and start introducing new merchants to Coinspace and enjoy the great rewards.

The merchant program is extensive, and has lots of new software and hardware which has obviously taken a long time to develop.

SCAM REPORT: Coinspace Scam Claim:

As with all Ponzi schemes, once again investment into CoinSpace dries up, the scheme will find itself unable to meet its ROI obligations. A lack of recruitment will also see binary commissions and the matching bonus grind to a halt.

ANSWER: A Ponzi scheme? Where and how could anyone make this statement? Again we discover that not enough research into Coinspace has been done by the writer.

Regarding- eleven new investment into CoinSpace dries up, Firstly Coinspace is not an investment company.

Coinspace SELLS a product and that product is the ‘S’ Coin and members are able to purchase that product in the form of a 12 month mining lease from the company.

Coinspace has new members joining and buying mining leases every day from all around the world.

Plus established members are purchasing and renewing mining leases daily.

Not to mention that Coinspace is mining Cryptocurrency every second of every hour of every day, generating income! So the money will never ever dry up.

Regarding- the scheme will find itself unable to meet its ROI obligations:

AND IT IS! Coinspace will meet all of its requirements.

Regarding- A lack of recruitment will also see binary commissions and the matching bonus grind to a halt.

As said, the writer of the above report has no understanding or comprehension of how Coinspace works, who is behind Coinspace, why the company exists, and how many current members support Coinspace.

Cryptocurrency is here to stay and as such, people will continue to buy the currency now and well into the future.

Coinspace only started introducing Coinspace to the world in 2015 and has grown to over 200,000 members worldwide and that figure is growing higher every day

SCAM REPORT: Coinspace Scam Claim:

A legitimate Cryptocurrency is used and traded between members of the general public, without restriction.

The value of the coin is thus determined by supply and demand, as opposed to an entity arbitrarily setting its value (Coinspace in this instance).

ANSWER Once again the writer gets it wrong!

– COINSPACE has NOT yet launched the ‘S’ Coin. The plan is, should everything be ready, Coinspace will launch the ‘S’ Coin on the open markets later this year.

Once the ‘S’ Coin is released, it will be placed alongside the other Cryptocurrencies like Bitcoin and traded, allowing the general public to buy and sell the coin, without restriction.

It should be noted that once launched, Coinspace can not set a value, the coin will be subject to market forces.

The only thing Coinspace can tell us is that they will launch the ‘S’ Coin at a value of 1 euro or higher.

SCAM REPORT: Coinspace Scam Claim:

Malta is not really known for its regulation of such schemes, with Coinspace’s purported registration there is a calculated exit strategy on behalf of whoever is running it.

ANSWER This is an opinion of the writer only!

Coinspace is a registered European Company, and subject to comply with European laws.

Conspira has a high legal profile with lawyers based in Munich – Andreas Wolf is one of those lawyers and he is that ‘steering’ the company legally.

This is also the definition of defamation, slander and / or libel.

SCAM REPORT: Coinspace Scam Claim:

The company will continue to keep pushing the launch date to get more people involved.

ANSWER: Coinspace has NEVER had a firm launch date specified, It was members speculation that Coinspace was launching in October 2016 and that speculation was started when the team at Coinspace said they would like to launch around that time if everything is in place and Ready to go

The so-called launch date was never pushed back or changed!

Because a true launch date has NEVER been decided and now it has.

However Coinspace had held up launching the ‘S’ Coin for a number of reasons.

A. All members’ registration targets had not been reached.

B. Coinspace stated right from the very beginning that the coin will not be launched until they had decided that the coin had reached the value of 1 Euro ..

When the company first started to place a value on the coins of 0.50 euro that value has grown steadily from 0.50 euro up in stages to where Coinspace value them today at 0.79 Euros – We are well on our way to reach that target of 1 euro and We will by November.

B. The company infrastructure was not fully in place and not ready to launch yet, now it is.

C. The merchant facility was not ready, now it is.

D. Now the European Union has stepped in and advised Coinspace that it needs to remove the 24,000 – 12,000 and 6,000 Euro packs because they are considered to be amounts and Coinspace is NOT an investment company.

So changes needed to be made, which changes the current distributors over to members. This relates to the (KYC) KEEP YOU CUSTOMERS SAFE forms and the COINSPACE INDEPENDENT MEMBER AGREEMENT that need to be completed by it’s members.

E. Coinspace has reached 200,000 strong membership base thus things do change as your membership grows.

With the current changes that are now 400,000 plus forms that have to be checked and new agreements have to be entered into, that does not happen over night!

Coinspace will be launching the ‘S’ Coin in November 2017, get ready for history to be made.

#coinspacescoinglobalreviews #CoinSpaceSCoinGlobalReviews

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