Banqiro fails to offer possession or govt info on its web site.
Banqiro’s web site area (“banqiro.io”), was privately registered on Could ninth, 2023.
Formation of Banqiro started with Alex Reinhardt registering emblems within the EU in January and February 2023.
Subsequent got here Banqiro GMBH, a German shell firm Reinhardt registered in March 2023. Fronting Banqiro GMBH is Jurgen Dieter Mischke.
Banqiro GMBH feeds into ALMA GmbH, one other German shell firm registered to Alex and his sister Maria Reinhardt.
Alex Reinhardt started MLM crypto Ponzi scamming as an investor in SwissCoin (circa 2015-2016).
When that collapsed he obtained into operating Ponzi scams himself, first with PlatinCoin in 2017.
PlatinCoin collapsed in late 2019. Reinhardt ultimately rebooted as PlatinWorld in mid 2021.
PlatinWorld noticed platincoin deserted in favor of PlatinCoin Ultima (PLCU).
The PLCU iteration of Reinhardt’s Ponzi scheme collapsed in late 2022. This prompted a reboot of the PLCU iteration in January 2023.
As PLCU started to right away collapse, PLCUC was launched to maintain the rip-off going.
PLCUC collapsed inside a couple of months. This marked the top of Reinhardt’s MLM crypto Ponzi scamming, till he resurfaced with Ultima a couple of months in the past.
Ultima is the fifth reboot of the Ponzi scheme Reinhardt began with PlatinCoin. And alongside Ultima, we even have Banqiro.
Reinhardt registered Banqiro’s official Twitter profile as “BNQTech” in August 2023. In September, Reinhardt created Banqiro’s official Telegram and YouTube channels.
At present Banqiro is primarily being pitched to German-speakers as a presale of BNQ token. Banqiro’s web site suggests BNQ’s presale is scheduled for April 2024.
That mentioned, early traders (Reinhardt’s inner-circle of scammers), are already capable of promote Banqiro and BNQ by a “seed sale”.
Along with Alex Reinhardt, particular names we will additionally connect to Banqiro embrace Shahab Ganji:
And Roshan Indran:
Shahab Ganji is a German serial promoter of MLM crypto Ponzi schemes:
Within the FaceBook submit above Ganji is selling Omnia Tech, a collapsed MLM crypto Ponzi.
Roshan Indran can also be a German serial promoter of MLM crypto Ponzi schemes. BehindMLM reader Melanie has tied Roshan to USI-Tech and Ponzi promoter Steven Wagner (OneCoin and EXW Pockets).
Whereas Ganji and Indran look like based mostly out of Germany, Alex Reinhardt, additionally believed to be a German nationwide, fled to Dubai in 2021.
Learn on for a full assessment of Banqiro’s MLM alternative.
Banqiro’s Merchandise
Banqiro has no retailable services or products.
Associates are solely capable of market Banqiro affiliate membership itself.
Banqiro’s Compensation Plan
Banqiro associates make investments tether (USDT) into BNQ token. That is performed on the promise of an annual 10% passive return.
The MLM aspect of Banqiro pays on recruitment of affiliate traders.
Referral Commissions
Banqiro pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned straight below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Banqiro caps payable unilevel staff ranges at ten.
Referral commissions are paid as a share of USDT invested throughout these ten ranges as follows:
- degree 1 (personally recruited associates) – 10%
- degree 2 – 4%
- degree 3 – 3%
- ranges 4 and 5 – 2%
- ranges 6 to eight – 1%
- ranges 9 and 10 – 0.5%
Bonus Swimming pools
Banqiro takes 5% of company-wide funding and locations it into 5 smaller bonus swimming pools.
Together with their respective qualification standards, they’re as follows:
- Pool 1 (generate 100,000 USDT in downline funding quantity) – 1% pool
- Pool 2 (generate 250,000 USDT in downline funding quantity) – 1% pool
- Pool 3 (generate 500,000 USDT in downline funding quantity) – 1% pool
- Pool 4 (generate 1,000,000 USDT in downline funding quantity) – 1% pool
- Pool 5 (generate 5,000,000 USDT in downline funding quantity) – 1% pool
Observe that not more than 50% of required downline funding quantity can come from anyone unilevel staff leg.
Becoming a member of Banqiro
Banqiro affiliate membership is 50 USDT.
Full participation within the connected earnings alternative requires further funding in BNQ tokens.
BNQ tokens are being bought to early Banqiro promoters for 13 cents to 26.5 cents every.
Banqiro Conclusion
Diverting from his “Ultima” branding, Banqiro comes off as a aspect hustle Ponzi of Alex Reinhardt’s.
There’s not a lot to Banqiro as a enterprise. BNQ is a BEP20 shitcoin. These could be arrange in a couple of minutes at little to no value.
And past that, Banqiro itself has nothing to distinguish itself from some other crypto providing.
Banqiro as a Ponzi scheme exists by the “staking” mannequin. Reinhardt is pitching “~10% a 12 months” on staked BNQ.
Connected to this can be a unilevel compensation plan, incentivizing recruitment of BNQ traders.
There’s no income getting into Banqiro aside from new funding. Mentioned funding funds withdrawals, with early traders hoping to money out earlier than BNQ inevitably dumps (learn: Alex Reinhardt cashes out).
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Banqiro of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
