Bitrobix fails to offer possession or govt data on its web site.
Bitrobix’s web site area (“bitrobix.com”), was privately registered on February twenty second, 2022.
Bitrobix’s official FaceBook web page was created on April thirteenth, 2022. The web page is primarily managed from India.
Quite than simply be trustworthy about this, Bitrobix has employed an actor to play “Paul McShane” as its CEO:
The advertising and marketing video above doesn’t seem on Bitrobix’s web site. It was uploaded on December fifteenth to Bitrobix’s official YouTube channel.
The video is your typical Boris CEO affair. I initially estimated it was shot in rented workplace house someplace in Central or South America.
In a second video uploaded to Bitrobix’s YouTube channel, titled “Success yacht celebration“, we are able to see “Viatena” branding on a bus.
Viatena is a Colombian transport firm that operates out of Cartagena in Colombia.
Going again to Bitrobix’s “Success yacht celebration”, at [3:33] they conviently present us with drone footage of the placement:
I used to be in a position to pinpoint this to the Cartagena coast:
If you wish to look it up your self, precise coordinates are 10.419856889651188, -75.55120891963442.
The distinct round roofed constructing is “La Tienda de Parques Nacionales”, and the roundabout circles “Monumento Santander”. Be aware you’ll must append “Cartagena” to both of those locations for those who look them up.
As to who’s working Bitrobix, we now have just a few prospects:
- Russian scammers who’ve employed Colombian actors to entrance their Ponzi scheme (Boris CEO scams usually function out of Jap Europe);
- Colombian scammers;
- Colombian and/or Russian scammers who’ve employed Indians to handle Bitrobix’s social media profiles; or
- Colombian and/or Russian and/or Indian scammers working collectively.
To masks true possession of Bitrobix, the corporate offers shell firm incorporation certificates for Colorado within the US, the UK and Canada.
For the aim of MLM due-diligence, shell firm incorporation wherever is meaningless.
As at all times, if an MLM firm isn’t overtly upfront about who’s working or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Bitrobix’s Merchandise
Bitrobix has no retailable services or products.
Associates are solely in a position to market Bitrobix affiliate membership itself.
Bitrobix’s Compensation Plan
Bitrobix associates make investments funds on the promise of marketed returns:
- BRX1 – make investments $30 to $999 and obtain 1% to 2% a day for 250 days (100% of authentic funding is returned)
- BRX2 – make investments $10,000 to $49,999 and obtain 2% to three% for 275 days (75% of authentic funding is returned)
- BRX3 – make investments $50,000 to $99,999 and obtain 3% to 4% for 300 days (50% of authentic funding is returned)
Bitrobix fees a ten% price on all ROI withdrawals. MLM commissions are charged a 9% withdrawal price.
The MLM facet of Bitrobix pays on recruitment of affiliate traders.
Referral Commissions
Bitrobix earn a fee on funds invested by personally recruited associates.
Referral fee charges are decided by how a lot a Bitrobix affiliate themselves has invested:
- BRX1 tier associates earn an 8% referral fee fee
- BRX2 tier associates earn a 9% referral fee fee
- BRX3 tier associates earn a ten% referral fee fee
Residual Commissions
Bitrobix pays referral commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary crew, break up into two sides (left and proper):
The primary degree of the binary crew homes two positions. The second degree of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary crew are crammed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary crew can develop.
On the finish of every day Bitrobix tallies up new funding quantity on either side of the binary crew.
Associates are paid a proportion of funds generated on their weaker binary crew facet.
How a lot of a proportion is paid out is decided once more by how a lot a Bitrobix affiliate has invested:
- BRX1 tier associates earn an 8% residual fee fee
- BRX2 tier associates earn a 9% residual fee fee
- BRX3 tier associates earn a ten% residual fee fee
As soon as paid out on, quantity is matched in opposition to the stronger binary crew facet and flushed.
Any leftover quantity on the stronger binary crew facet carries over.
Recruitment Bonuses
Bitrobix rewards associates for recruiting associates as follows:
- recruit 10 associates and earn a $30 funding place
- recruit 25 associates and earn a $50 funding place
- recruit 50 associates and earn a $100 funding place plus $30 you may withdraw
- recruit 100 associates and earn a $500 funding place plus $100 you may withdraw
Be aware that recruited associates should make investments to depend.
Downline Funding Bonuses
Bitrobix rewards associates for producing downline funding throughout the binary crew as follows:
- generate $5000 in downline funding and obtain a $500 funding place
- generate $15,000 in downline funding and obtain a $500 funding place plus $100 you may withdraw
- generate $30,000 in downline funding and obtain a $1000 funding place plus $500 you may withdraw
- generate $50,000 in downline funding and obtain $1000 you may withdraw plus a “2% Money Gross sales Bonus”
- generate $150,000 in downline funding and obtain a “4% Money Bonus” and unspecified cellphone
- generate $300,000 in downline funding and obtain a ‘6% Money Bonus” and unspecified bike
- generate $500,000 in downline funding and obtain a “6% Money Gross sales Bonus” (not a typo” and unspecified automotive
- generate $700,000 in downline funding and obtain an “8% Money Gross sales Bonus” and journey to Switzerland
- generate $1,000,000 in downline funding and obtain a “10% Money Gross sales Bonus” and “car present”
Becoming a member of Bitrobix
Bitrobix affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal $30 funding.
The extra a Bitrobix affiliate invests the upper their revenue potential.
Bitrobix Conclusion
Bitrobix markets itself on the standard “synthetic intelligence” Ponzi nonsense:
We’re specialised in deploying the neatest applied sciences in a variety of industries.
Investing will get you superb rewards as this synthetic intelligence is rising very quickly.
Cited “revenue sources” Bitrobix applies its AI to are foreign exchange bullion, crypto mining, NFTs and metaverse. In different phrases, just about each Ponzi advertising and marketing buzzword.
Essentially the most fascinating factor about Bitrobix is its connection to Colombia. Outdoors of that Bitrobix is a cookie-cutter Boris CEO Ponzi scheme.
In 2022 Colombia was ravaged by MLM Ponzi schemes. That pattern continues, with scammers now seemingly launching Ponzi schemes from inside Colombia itself.
Colombia does have a monetary regulator in its Superintendencia Financiera (SFC). If 2022 was something to go by although, Superintendencia Financiera isn’t geared up to manage rampant fraud plaguing Colombia.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Bitrobix of ROI income, ultimately inflicting it to break down.
The maths behind MLM Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.
