Looking for a BTC Wait Review? You’re in the right place. Today we are looking at BTC Wait and we are going to share our full review. If you’re wondering whether it’s a scam or a legit company keep reading as we will reveal everything. Also we are not an affiliates for BTC Wait so you can expect and honest review and not just another sales pitch like other reviews do!
BTC Wait Review
There is no information on the website of BTC Wait about who owns or runs the business.
btcwait.com, the website domain of BTC Wait was privately registered on November 7th, 2017.
BTC Wait asserts to be incorporated in the UK via BTCWait Limited.
BTCWait Limited was incorporated on November 17th, 2017.
The address that was used to incorporate BTCWait Limited belongs to a Registered Office that provides virtual office services.
The sole Director of the company is mentioned as Zachary Simpson. Considering the lack of information, it is most likely that Simpson doesn’t exist.
UK incorporation is for the most part unregulated and dirt cheap. They are much sought after by scammers looking to incorporate dishonest companies.
If an MLM company does not reveal who is running or owns it, think twice before joining and/or investing any money.
Products of BTC Wait
There are no retailable products or services offered by BTC Wait. The affiliates are only able to market BTC Wait affiliate membership itself.
The Compensation Plan of BTC Wait
The affiliates of BTC Wait invest funds on the promise of an advertised ROI:
- Gold Plan: invest $10 or more to get a 3% daily ROI for 100 days (300%)
- VIP Plan: invest $1000 or more to get a 7% daily ROI for 35 days (245%)
- Business Fast Plan: invest $2000 or more to get a 10% daily ROI for 15 days (150%)
- Super VIP Plan: invest $20 or more to get an 800% ROI after 40 days
- Super Silver Plan: invest $50 or more to get a 1800% ROI after 70 days
Referral commissions are given out on funds invested by downline affiliates, paid down 4 levels of recruitment (unilevel):
- level 1 (personally enlisted affiliates up to 500): 5%
- level 1 (enlist 501 or more affiliates): 7%
- level 1 (enlist 1001 or more affiliates): 10%
- level 2: 2%
- level 3: 1%
- level 4: 0.5%
BTC Wait Membership
It is free to be an affiliate member of BTC Wait. However, free affiliates can only earn referral commissions.
To fully partake in the BTC Wait income opportunity, you need to make a minimum $10 investment.
Summing Up
BTC Wait asserts to produce ROI revenue through “unique investment methods”.
There is no evidence of any external investment taking place. New affiliate investment is the only verifiable source of revenue.
The use of newly invested funds to pay off existing investors makes BTC Wait a Ponzi scheme.
Like all Ponzi schemes, when affiliate recruitment slumps down so too will new funds entering the system.
BTC Wait ROI revenue will starve, eventually prompting a collapse.
The arithmetic behind a Ponzi scheme guarantees that when they collapse, most of the investors lose money.
Aaron and Shara What Do You Suggest?
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