Welcome to our full Merlyn Bitcoin Review and also known for their 200% 40-Day Ponzi ROIs!
There is no information whatsoever on the Merlyn Bitcoin website indicating who owns or runs the business.
Registered on May 2, 2016, the Merlyn Bitcoin website domain, merlynbitcoin.org, registration is set to private.
At the time of this publication, Alexa estimates that Italy (35%) and India (16%) are the main sources of traffic to the Merlyn Bitcoin website.
This strongly suggests that Merlyn Bitcoin is being run out of one of these two countries.
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.
Merlyn Bitcoin Product Line
It is very unfortunate that this Merlyn Bitcoin has absolutely no retailable products or services, with affiliates only able to market Merlyn Bitcoin affiliate membership itself.
Merlyn Bitcoin Compensation Plan
The Merlyn Bitcoin compensation plan has affiliates invest $21.00 or more, on the guarantee of an advertised 5% daily ROI for 40 days (200%).
Referral commissions are accessible on funds invested by downline affiliates, paid out 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 as level 1 affiliates recruits new affiliates, they are then put on level 2 of the original affiliate’s uni-level team.
If a level 2 affiliate recruits new affiliates, they are then put on level 3 and so on and so forth down a hypothetical countless number of levels.
Merlyn Bitcoin caps payable uni-level levels at 15, with commissions paid as a percentage of funds invested by affiliates within the uni-level team.
How much of a percentage is paid out is determined by what level of the uni-level team funds are invested:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 2%
- level 4 – 1%
- level 5 – 0.5%
- levels 6 to 15 – 0.25%
Merlyn Bitcoin affiliates are capable of withdrawing up to $200.00 a day and will incur a 5% fee.
In order to withdraw over $50.00, it is important to note that an affiliate is required to reinvest at least $21.00.
Joining Merlyn Bitcoin
Merlyn Bitcoin affiliate membership is free, but affiliates are required to invest at least $21.00 worth of bitcoin in order to participate in the MLM opportunity.
Our Merlyn Bitcoin Conclusion
Merlyn Bitcoin operates an obviously straight-forward Ponzi scheme.
Affiliates invest $21.00 or more in bitcoin and are paid a $200.00 ROI over 40 days.
This ROI is funded through subsequently invested funds, making the Merlyn company a Ponzi scheme.
As with all Ponzi schemes, once recruitment of new company affiliates trickles down so too will new funds entering the scheme.
This means the company will be unable to meet its ROI obligations, at which point the scheme ultimately collapses.
Bottom line once again – Any Merlyn affiliates who have not withdrawn more than they have invested at that point will lose out.
And this is certain to be the majority of Merlyn affiliates. The use of bitcoin to invest and withdraw also means that fund recovery for Merlyn Bitcoin victims is slim to none.
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