Thanks for reading our BitLuna Review! Is this business just a Ponzi Adpack composedof worthless LunaCoins?
Let us investigate further shall we?
BitLuna Review – The Company
There is absolutely no information whatsoever on the BitLuna website signifying who owns or runs the business.
The BitLuna website domain, bitluna.org, was privately registered on November 14, 2016.
The unidentified owners of BitLuna likewise operate LunaWallet and MiteFX. LunaWallet is used to store LunaCoins mined over BitLuna, and MiteFX is an internal exchange.
The LunaWallet and MiteFX domain registrations are both set to private.
A voiceover on the BitLuna website asserts that the company is registered in the UK.
The Terms and Conditions of LunaWallet state:
“LunaWallet is an online payment processor, registered and domiciled in the country of Seychelles, and are bound by the legal requirements of Seychelles.”
It is extremely likely these are both shell company registrations.
As I’ve said in the past, if an MLM company is not willingly truthful about who is running or owns it, think long and hard about handing over any money.
BitLuna Product Line
BitLuna has absolutely no retailable products or services whatsoever, with members only capable of marketing BitLuna membership itself.
When fully signed up, BitLuna members can invest in “Ad Packs”. Together with each Ad Pack investment are advertising credits, which can be used to display advertising to other BitLuna members.
BitLuna Compensation Plan
The BitLuna compensation plan has members invest in Ad Packs on the assurance of a 130% ROI.
The minimum investment amount in an Ad Pack is $10.00.
ROIs are paid daily at a rate of 0.01% to 2%. If a member doesn’t click company-supplied ads, they only earn half the daily ROI rate.
After a BitLuna investment spot reaches a 130% ROI, the daily ROI rate is reduced unless funds are reinvested.
Referral commissions are paid on invested funds through a uni-level compensation arrangement.
A uni-level compensation arrangement puts a member at the top of a uni-level team, with each personally recruited member put directly underneath them (level 1).
If a level 1 member recruits new members, they are then put onto level 2 of the original member’s uni-level team.
If a level 2 member recruits new members, they are then put onto level 3 and so on and so forth down a hypothetical countless number of levels.
BitLuna caps payable uni-level levels at 5, with members paid a percentage of invested funds as follows:
- members – 5% on level 1 (personally recruited members), 3 % on level 2 and 1% on levels 3 to 5
- representatives – 10% on level 1, 3% on level 2 and 1% on levels 3 to 5
To become a representative, a member must agree to “help people who will contact you” and provide BitLuna with personal information.
Joining BitLuna
BitLuna membership is free, but members must invest at least $10.00 to partake in the income opportunity.
Bottom Line?
BitLuna combines your characteristic adcredit Ponzi scheme with a useless altcoin cryptocurrency.
The Ponzi side of the business has members invest $10.00 or more and paid a 130% ROI through later invested funds. After 130% spots continue to pay out a reduced daily ROI until collapse.
LunaCoin is an altcoin cryptocurrency that has no real world application or value.
BitLuna themselves define LunaCoin as “shares”:
“Investing money and buy our shares, along with each share you will receive a Certificate of Investment that will guarantee your earnings for unlimited time.”
This, to me, is a Freudian slip. In the past, BitLuna may have added a virtual shares model to their adcredit Ponzi.
Today, with cryptocurrency being all the rage, they have just paid some programmers to come up with LunaCoin. Same idea, different wrapping.
Bit Luna – Our Conclusion
Both components of BitLuna rely on member recruitment. Without which there is no new investment to pay ad pack investors or buyers of LunaCoin because not everyone is going to mine it.
When member recruitment slows down, BitLuna will be incapable of meeting their ad pack ROI obligations, provoking an ultimate collapse.
The value of LunaCoin will vary as a result of new members trading. Once members realize that you cannot really do anything with it, the value will crash as other MLM altcoins have done.
As for their refund policy:
“6.1. All purchased items…are non-refundable (NO REFUND).
After that collapse, BitLuna members lose whatever they have invested in ad packs and get to watch their LunaCoin value go down to nothing.
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