Thanks for stopping by to read our BitGlare review.
Is BitGlare a legit ICO that can put real investment ROI into your pocket or just another Scam to get your money?
Let’s find out in our unbiased review.
BitGlare Review
No information has been provided on their website about who owns or runs the business.
BitGlare claims to have been launched in Oct 2016 by a group of experts in volatility trading software. However, the company website was only registered on November 30th, 2017.
The BitGlare website domain was registered privately and offers no information about company ownership.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or investing any money.
Products of BitGlare
There are no retailable products and services offered by BitGlare. The affiliates are only able to market their affiliate membership itself just the review we did on this company.
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The Compensation Plan
The affiliates of BitGlare invest in BGC points that are sold by BitGlare’s owner(s) for between 20 cents and $1.50 each.
Acquired BGC points are “lent” back to BitGlare on the promise of an advertised “guaranteed return”:
- Invest $100 to $1000 to get a daily ROI plus 0.05% daily bonus for 149 days
- Invest $1010 to $5000 to get a daily ROI plus 0.1% daily bonus for 129 days
- Invest $5010 to $10,000 to get a daily ROI plus 0.2% daily bonus for 109 days
- Invest $10,010 to $50,000 to get a daily ROI plus 0.3% daily bonus for 89 days
- Invest $50,010 to $100,00 to get a daily ROI plus 0.4% daily bonus for 69 days
- Invest $100,010 or more to get a daily ROI plus 0.5% daily bonus for 49 days
Referral commissions paid to recruited BitGlare affiliates on both initial investment and ROI amounts are paid through a unilevel compensation structure.
An affiliate is placed at the top of a unilevel team by a unilevel compensation structure. Every personally recruited affiliate is placed directly under them (level 1).
When any level 1 affiliate recruits new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
When any level 2 affiliate recruits new affiliates, they are placed on level 3 and so on down a theoretical unlimited number of levels.
Investment ROIs
BitGlare cap payable initial investment referral commissions at three levels of recruitment:
- level 1 (personally recruited affiliates) : 10%
- level 2 : 4%
- level 3 : 2%
Lending ROI
The company pays a referral commission on ROI payments down 10 levels of recruitment when enlisted affiliates lend acquired BGC to BitGlare:
- level 1 (personally recruited affiliates) : 10%
- level 2 : 3%
- level 3 : 1%
- level 4 : 0.8%
- level 5 : 0.6%
- level 6 : 0.3%
- level 7 : 0.2%
- level 8 : 0.1%
- level 9 : 0.07%
- level 10 : 0.04%
BitGlare Gold
It seems to be a “points within a points” system.
The affiliates who invest $100 or more get BitGlare Gold points.
BitGlare cites they will pay a “special interest rate” 20 day ROI on BitGlare Gold points in February, 2018.
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BitGlare Membership
The affiliate membership is free. However, free affiliates can only earn referral commissions.
To fully participate in the BitGlare income opportunity requires a minimum $100 investment.
Summing Up
BitGlare state to create ROI revenue through the latest volatility trading software 3.2 that has proven to be a big achievement after months of test run.
There is evidence of any such software existing.
In addition, if they did have a software bot able to create enough of a daily ROI to keep a HYIP lending scheme alive, they will not be sharing generated profits with randoms over the internet.
If we ignore the truth that BitGlare didn’t exist up until a few months ago, the company is claiming to have launched back in 2016.
Like every MLM ICO lending scheme, the only verifiable source of revenue entering BitGlare is new affiliate investment.
The use of new investment to pay existing affiliates a daily ROI makes BitGlare a Ponzi scheme.
When affiliate recruitment dies down, the new funds entering the scheme will die too.
BitGlare will starve of ROI revenue, eventually prompting a collapse.
The arithmetic behind a Ponzi scheme guarantees that when they do collapse, most of the investors will lose money.
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