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Bitcoin-Based 45-day Ponzi ROIs
BitPays Global Review
There is no information whatsoever on the BitPays Global website indicating who owns or runs the business.
Registered on August 2, 2016, the BitPays Global website domain is bitpaysglobal.org.
The domain registration lists someone called “Methew” as the owner and Hong Kong as the address. The details which are provided gives the impression to be totally phony.
Alexa presently estimates that 92.8% of all traffic to the Bit Pays Global website originates out of India. This strongly recommends that whoever is running BitPays Global is based out of India.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
BitPays Global Product Line
Bit Pays Global has absolutely no retailable products or services, with affiliates only able to market BitPays Global affiliate membership itself.
BitPays Compensation Plan
BitPays Global affiliates invest up to $10,000.00 on the guarantee of an advertised ROI:
- invest $50 to $500 and receive a 5% daily ROI for 45 days (225%)
- invest $550 to 2000 and receive a 6% daily ROI for 45 days (270%)
- invest $2050 to $10,000 and receive a 7% daily ROI for 45 days (315%)
Note: In order to withdraw a ROI, BitPays Global affiliates are obliged to reinvest the amount they originally invested.
Referral commissions in Bit Pays Global are paid through a uni-level compensation construction.
A uni-level compensation construction puts an affiliate at the top of a uni-level team, with each personally recruited affiliate put directly underneath them (level 1).
If a level 1 affiliate were to recruit new affiliates, they are the put onto level 2 of the original affiliate’s uni-level team.
If a level 2 affiliate were to recruit new affiliates, they are then put on level 3 and so on and so forth down a hypothetical countless number of levels.
Referral commissions are paid as a percentage of funds invested by a uni-level team.
How many levels down a BitPays Global affiliate can earn referral commissions on is determined by how many affiliates they have recruited as follows:
- recruit 1 to 9 affiliates and earn 5% on level 1 (personally recruited affiliates)
- recruit 10 to 99 affiliates and earn 10% on level 1 and 4% on level 2
- recruit 100 to 999 affiliates and earn 10% on level 1, 4% on level 2, 3% on level 3 and 2% on level 4
- recruit 1000 or more affiliates and earn 10% on level 1, 4% on level 2, 3% on level 3, 2% on level 4, 1% on level 5 and 0.5% on level 6 onwards
Joining BitPays Program
BitPays Global affiliate membership is completed by a $50.00 to $10,000.00 investment.
What we think?
Channeling MMM Global’s “provide help, get help” nonsense, BitPays Global operates a three-tier Ponzi scheme.
This is a Community of individuals who are changing the world, individuals who have no assurances of repayment of funds. They donate money to help people, the same simple people as they are, in need at this moment.
Bit Pays Global is most likely being run by scammers in India, who I’m pretty sure are MMM Global members.
The only confirmable source of revenue going into BitPays Global is affiliate investment, which is used to pay ROIs of up to 7% daily.
Quite obviously, if the owner of BitPays Global was able to produce that lawfully on a steady basis, they would really have no reason to solicit funds from affiliates.
At 7% a month, even a modest bank loan would soon create a fortune.
Bitpays Program – Our Conclusion
Look…. I’ve said it a million times, and I’ll say it again, as with all Ponzi schemes, once recruitment of new affiliates slows down, so too does new funds entering into the scheme.
No new funds mean BitPays Global will be unable to meet its advertised ROI obligations.
With a 45-day maturity period and the probability of BitPays Global affiliates rolling over commissions into reinvestment, the administrators have plenty of time to do a runner with invested funds.
Bottom Line – BitPays Global affiliates will only realize they have been scammed when withdrawal requests are delayed or denied, by which point it is now too late.
And guess what – The use of bitcoin by BitPays Global means fund recovery for victims will be near impossible.
Aaron and Shara What Do You Suggest?
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