What is Micro Coin or MicroCoin?

Micro Coin does not exist; Microsoft have not released their own cryptocurrency and neither have Tesla. What Micro Coin actually is, is a marketing tool used for the CFD brokerage business.

Put simply, the idea is to get people signed up for complex trading products that can be used to defraud them, but in such a way as to be a grey area of legality.

The sort of marketing tools they use are these, an email arrives with a PDF attachment and the text on the email reads:

The perfect solution for the trader!
A new traderbot has been developed that allows you to earn from 800 euros per day with an initial deposit of only 100 euros.
Hurry up to test the new Autobot on the PRO tariff for a month!
Our unique offer lasts exactly one week!

The PDF looks like this:

Now immediately we need to be cautious because they are using a word that means that this is definitely a scam. That word is autobot.

What is an AutoBot?

Well once again, an autobot is another marketing tool. It is an idea that brings together ideas from Sci-Fi fantasy books about electronic superintelligence. What they are suggesting is that they have a robot that can predict the market with a certain level of efficiency and that can trade on your behalf.

Typically they will claim that they use quantum computing and artificial intelligence to achieve these systems even though they are very much in the early stages of development and nothing has been released as a software or website product yet.

What is more important to understand about artificial intelligence is that it is extremely unpredictable. AI is the last thing you would want in control of your bank account as it may suddenly perform a completely unintelligible transaction based on the most diverse property or condition. They do use AI in all sorts of scenarios but not in a situation where it would have to be able to understand so many variables and types of information in order to function. Interpreting news and market trends and deciding which factors will influence the markets  to be making the correct trades every time is somewhat beyond what any current AI can achieve.

What is the Micro Coin Website?

Well it is another marketing tool, but let's have a look at it all the same:

As you can see it is inferencing that a huge development has taken place in the cryptocurrency world, with Microsoft releasing their own cryptocurrency, but there is no article explaining such in any other publication. The article itself purports to be the UK Mirror newspaper, and so we can safely assume that this article is targeting the UK specifically.

We can see that they have been editing images to suggest that there has been an expo on the matter and that this cryptocurrency is already worldwide:

Which appears to be an edited version of this:

Just updated to '2020 | The future cryptocurrency' instead of '2019 | The Future of Work.' As you can see the disc that they have imprinted their text onto is just the same before hand but they have used a whiter, brighter text to overwrite it, so as to blank it out. They have also replaced the logo and a few other bits of graphics to cover their tracks. All in all the video is quite easy to find and has nothing to do with crypto anyway. You can see that it is obviously taken from here:

So we can say beyond any doubt that Micro Coin is fake and does not exist. The Micro Coin website is designed to deceive and defraud people and has nothing whatever to do with Microsoft or Bill Gates. We can also say that the people making these websites have no legality or authenticity in any state or territory and that they are part of a criminal group, even if just by affiliation. They most definitely share a common intent, which makes them all just as guilty as far as we are concerned.

Is Micro Coin Real?

No, Micro Coin is not real. It is an invention by the CFD broker affiliate scammers to convince you that investing money into a website will get you on a gravy train that does not even exist. The purpose of the scam is to give you confidence in a product that is not related to Microsoft or Bill Gates, but to make sure that you sign up and surrender your contact details before you realise this.

If we take a look at what happens when you sign up, we can see that even the brokerage, which is run out of Cyprus, has become so disgusted with the way that these affiliates get customers, they have actually shut down their operations:

As you can see from the FCA's page, they have had their permissions to resell to the UK populous withdrawn:

So all in all we can see that the following statements can be made without any fear of correction:

• Microsoft have not release a cryptocurrency called Micro Coin (which would be a terrible name for something supposedly about to go up in value.)
• Microsoft have not released any cryptocurrency of any kind.
• BitQL is a scam and does not make people rich
• EuropeFX.com and their associated websites have had their trading license suspended in the UK

How Can We Avoid These Scams?

Well there are signs. If we look at the bottom of the Micro Coin BitQL page, we can see that the disclaimer is above and beyond what any normal advertiser would wish to distance themselves from:

The above software is fictitious and illustrative of arbitrage software offered on the market. The content of this website is purely for promotional purposes for a trading platform where the customer may be able to use similar software. The operator of this website dissociates itself as a precautionary measure from all statements of the operator of the trading platform towards the customer. The operator of this website points out that he knows neither the content of the website of the trading provider nor its operational procedures in detail and strongly recommends the visitor of this website to deal independently with the appropriate contents and statements.

So this statement is an interesting one, as they have not actually even rewritten the disclaimer for this page in particular. The BitQL page does mention automated trading software, but the Micro Coin concept is obviously a different product. The Micro Coin website is suggesting that by buying to the fictitious Micro Coin you will make money simply by the increase in price, whereas the idea of an automated trading robot (another fantasy) is that it trades on your behalf and makes you money regardless of your choice of investment, as it knows when to buy and sell of it's own accord.

One of the biggest giveaways is the way that the website encourages you to sign-up without thinking. There are various pop-ups stating that all sorts of people have suddenly become rich as well as messages indicating that the time remaining to sign-up is limited. Any website telling you that time is limited is encouraging action without thought and should be avoided. Any financial decision should be investigated separately from the website offering the product itself. Beware that sites like TrustPilot are open to becoming corrupted and no review on TrustPilot can be trusted, even if there are hundreds of them. 

How Is Bill Gates Not Aware of this?

Well these people are very busy, but we grant that it is surprising that none of their staff have stopped Mr Gates and mentioned that the Twitter team really should address this. Perhaps they consider any of us who fall for this to be too stupid to bother with, who knows?

Anyway it is undoubtedly true that a single text from Bill Gates or Elon Musk or even Richard Branson would put an end to this scam as it would get media coverage and make it into a publication near any of us. We just hope that someone with some limelight upon them makes an effort to get people recognising these sites for what they are very soon.

In Conclusion of MicroCoin

This is another site in the same old family of sites that we have been seeing for a few years now. They are using Microsoft here, but they were using Tesla last year in connection with their $1.5Bn investment into Bitcoin. In that instance they were obviously using Elon Musk instead of Bill Gates, but these two, as well as Branson, are standard fare in any of these fake articles. This time round they go a little further, suggesting that they actually interviewed Bill Gates. It is just a continuation of the same old scam though.

Where does BitQL Fit In?

Excellent question. What is BitQL anyway? Well if you have a look at the BitQL review here you can see what it is. Another scam. It is just another fake cryptocurrency trading robot that supposedly uses AI on quantum computing platforms to calculate how a market it going to progress at any given point. The idea is ridiculous and impossible and if ever it was invented, they certainly would not give it away for free to be used on markets around the world as it would render money worthless and send the world into anarchy.

The version of the BitQL website they are using can currently be seen at https://bitql.net/ only they have replaced some of the graphics with MicroCoin images and icons.

VERDICT: MICRO COIN IS A: SCAM!!

Do not give these people your details and certainly do not send them any money!