View source for Xtreme Coin MLM Exit

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/xtremecoinmlmexit.php}}
{{Unattributed Sources}}

[[File:Xtremecoin.jpg|thumb|Xtreme Coin]]XtremeCoin had no product or utility provided through their program. The way XtremeCoin worked is that you paid in, and received back a commission once you signed up 6 new members. The XtremeCoin website appears to have stopped at the end of 2018.

This is a global/international case not involving a specific country.<ref name="livingmoreworkingless-5722" /><ref name="coinpedia-5813" /><ref name="youtube-5814" /><ref name="nobsimreviews-5815" /><ref name="xtremecoinarchive-5816" /><ref name="xtremecoinarchive-5817" /><ref name="youtube-5818" /><ref name="bestlifetimeincome-5819" /><ref name="barenakedscam-5820" /><ref name="facebook-5821" /><ref name="xtremecoinarchive-5822" /><ref name="xtremecoinarchive-5823" /><ref name="xtremecoinarchive-5824" /><ref name="behindmlm-5825" /><ref name="smartaffiliatesuccess-5826" />

== About Xtreme Coin ==
"Xtreme Coin claim it is run by “real people” who “believe in transparency and accountability”." "The Internet's First And Only Bitcoin Business With No Monthly Fees!" "Discover how REAL people are creating REAL wealth right now by cashing in on the hottest product on the planet!"

"We believe that cryptocurrencies like Bitcoin will level the financial playing field, change the way business is done and create a new generation of wealth in the process. We take tremendous pride in developing Xtreme Coin to be the #1 platform on the Internet where anyone-regardless of gender, age or financial knowledge-can learn to build a long-term sustainable business and create “lifestyle” wealth for themselves and their family."

"Our Company is built from the ground up on strong relationships. Xtreme Coin is more than a just a company–we are family. YOUR family, and we are excited about bringing you the first ever bitcoin cycler in history!"

"We’ve assembled the most talented, committed team of networkers, programmers, developers and leaders to make Xtreme Coin a special place to work and build your Bitcoin business. We believe in transparency and accountability –we don’t hide who we are and how we do business. YOU are at the core of every decision we make and every service we provide. You are our reason for being in business and we will never lose that focus."

"GET STARTED TODAY IN 3 SIMPLE STEPS. STEP 1. Choose Your Package. Pick one or more of our Triple Payout packages you would like to earn commissions on. STEP 2. Share The Opportunity. Develop your marketing strategy using our proven methods for building a lucrative business. STEP 3. Control Your Commissions. Decide how and when you want paid. You are in complete control of how much you want to earn and how you want paid." "Get Started TODAY And Begin Building YOUR Bitcoin Fortune Right Away!"

"The website of Xtreme Coin provides no information to users regarding who owns or runs their business. The domain for Xtreme Coin which is xtremecoin.com was registered privately on 30 May 2017 making it impossible to know who registered it or where it was registered from. This isn’t necessarily a bad thing, after all but sometimes business owners do this to protect their personal identity from people, it makes sense really and I do it with my own domains. That being said it is always nice to know who is behind a company as we live in an age where personal branding is very important and we couldn’t really find any information about the owners."

"Xtreme Coin has no retailable products or services, with affiliates only able to market Xtreme Coin affiliate membership itself. Xtreme Coin affiliate membership provides access to “world class video training”."

"Affiliates reserve their positions in an eight-tier 2×2 matrix BitCoin cycler." "After the completion of six positions, you are out of cycle and awarded with a commission."

"The affiliates can invest in the company through purchasing positions in a 2×2 matrix system with eight tiers. The 2×2 matrix places the affiliate at the top of the table with two positions directly under them known as the first level of matrix. These two positions are further split to have two positions each under them, consequently generating a second level of matrix with four positions."

"Positions are filled in the matrix when affiliates purchase them and when all 6 positions are filled the commission is paid. Customers can choose any one tier depending on how much they are willing to invest."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:
* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Xtreme Coin MLM Exit
!Date
!Event
!Description
|-
|August 28th, 2017
|Main Event
|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?
== Individual Prevention Policies ==
{{Prevention:Individuals:Placeholder}}

{{Prevention:Individuals:End}}

== Platform Prevention Policies ==
{{Prevention:Platforms:Placeholder}}

{{Prevention:Platforms:End}}

== Regulatory Prevention Policies ==
{{Prevention:Regulators:Placeholder}}

{{Prevention:Regulators:End}}

== References ==
<references><ref name="livingmoreworkingless-5722">[https://www.livingmoreworkingless.com/bitconnect-review-ponzi-scam/ BitConnect Review - Is It a Ponzi Scam? - Living More Working Less] (Jan 17, 2022)</ref>

<ref name="coinpedia-5813">[https://coinpedia.org/earning-site/xtreme-coin-review/ Xtreme Coin Review | Xtreme Coin Compensation Plan | Coinpedia] (Jan 19, 2022)</ref>

<ref name="youtube-5814">[https://www.youtube.com/watch?v=6MnqNWi1jpM Xtreme Coin - Triple Your Bitcoin Over & Over! - YouTube] (Jan 19, 2022)</ref>

<ref name="nobsimreviews-5815">[https://nobsimreviews.com/xtreme-coin-scam/ Xtreme Coin Review - Extreme Scam?] (Jan 19, 2022)</ref>

<ref name="xtremecoinarchive-5816">[https://web.archive.org/web/20170908233638/http://xtremecoin.com/ Xtreme Coin] (Jan 19, 2022)</ref>

<ref name="xtremecoinarchive-5817">[https://web.archive.org/web/20170826195631/http://xtremecoin.com/ Xtreme Coin] (Jan 19, 2022)</ref>

<ref name="youtube-5818">[https://www.youtube.com/watch?v=xouzJQHR5iE How to Get Started With XtremeCoin - YouTube] (Jan 19, 2022)</ref>

<ref name="bestlifetimeincome-5819">[https://bestlifetimeincome.com/xtreme-coin-review/ Xtreme Coin Review – Legit Bitcoin Crypto MLM Or A Scam? - Best Lifetime Income] (Jan 19, 2022)</ref>

<ref name="barenakedscam-5820">[https://www.barenakedscam.com/xtreme-coin Is Xtreme Coin a Scam? - The Shocking Truth Revealed!!!] (Jan 19, 2022)</ref>

<ref name="facebook-5821">[https://www.facebook.com/OfficialXtremeCoin/ https://www.facebook.com/OfficialXtremeCoin/] (Jan 19, 2022)</ref>

<ref name="xtremecoinarchive-5822">[https://web.archive.org/web/20181106061816/http://xtremecoin.com/ Xtreme Coin] (Jan 19, 2022)</ref>

<ref name="xtremecoinarchive-5823">[https://web.archive.org/web/20181208225633/http://xtremecoin.com/ Xtreme Coin] (Jan 19, 2022)</ref>

<ref name="xtremecoinarchive-5824">[https://web.archive.org/web/20170830202001/http://www.xtremecoin.com/ Xtreme Coin] (Jan 19, 2022)</ref>

<ref name="behindmlm-5825">[https://behindmlm.com/mlm-reviews/xtreme-coin-review-2x2-matrix-bitcoin-ponzi-cycler/ Xtreme Coin Review: 2x2 matrix bitcoin Ponzi cycler] (Jan 19, 2022)</ref>

<ref name="smartaffiliatesuccess-5826">[https://smartaffiliatesuccess.com/xtreme-coin-review/ https://smartaffiliatesuccess.com/xtreme-coin-review/] (Jan 19, 2022)</ref></references>