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Crypto mining themed Ponzi scheme


BTCvest fails to offer precise possession or govt data on its web site.

As an alternative, BTCvest pretends it’s run by AI generated fictional identities:

In an additional try to seem reliable, BTCvest offers incorporation particulars for “Bitcoin Funding Base LTD”.

Bitcoin Funding Base LTD was integrated within the UK on June fifteenth, 2022.

An MLM firm working or claiming to function out of the UK is a purple flag.

UK incorporation is filth low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.

Consequently the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.

For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.

As to who’s truly working BTCvest, the official “firm presentation” is titled in Chinese language:

This means BTCvest’s proprietor is in or on the very least has ties to China. This might probably prolong to south-east Asia.

BTCvest’s web site area (“btcvest.io”), was privately registered on October ninth, 2022.

Regardless of current for just a few months at greatest, on its web site BTCvest falsely claims it “began” in 2019.

In 2019, we began our exercise by making a farm in Armenia to develop the cryptocurrency farm.

As at all times, if an MLM firm will not be overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.

BTCvest’s Merchandise

BTCvest has no retailable services or products.

Associates are solely capable of market BTCvest affiliate membership itself.

BTCvest’s Compensation Plan

BTCvest associates make investments funds on the promise of an marketed return:

  • make investments $500 and obtain 3% a month
  • make investments $1000 and obtain 4% a month

Word that though returns are calculated month-to-month, BTCvest pays a each day return primarily based on this quantity.

BTCvest pays returns out for 2 years, after which reinvestment is required to proceed incomes.

The MLM aspect of BTCvest pays on recruitment of affiliate traders.

Referral Commissions

BTCvest associates earn a 5% fee on funds invested by personally recruited associates.

Residual Commissions

BTCvest pays residual commissions by way of a binary compensation construction.

A binary compensation construction locations an affiliate on the high of a binary staff, break up into two sides (left and proper):

The primary degree of the binary staff homes two positions. The second degree of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary staff are generated as required, with every new degree housing twice as many positions because the earlier degree.

Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Word there is no such thing as a restrict to how deep a binary staff can develop.

BTCvest tallies up new funding quantity throughout the binary staff every day.

Associates are paid 8% of each $1000 matched on each side of the binary staff ($80).

One match is known as a “stability”. BTCvest associates can earn as much as 25 balances each day ($2000).

Award Plan

The Award Plan permits BTCvest associates to earn a further proportion on generated downline funding:

  • generate $50,000 to $99,999 in month-to-month downline funding and obtain 2% of the invested quantity
  • generate $100,000 to $199,999 in month-to-month downline funding and obtain 3% of the invested quantity
  • generate $200,000 to $499,999 in month-to-month downline funding and obtain 4% of the invested quantity
  • generate $500,000 to $999,999 in month-to-month downline funding and obtain 5% of the invested quantity
  • generate $1,000,000 or extra in month-to-month downline funding and obtain 6% of the invested quantity

Becoming a member of BTCvest

BTCvest affiliate membership is free.

Full participation within the hooked up earnings alternative requires a minimal $500 funding.

BTCvest Conclusion

BTCvest represents ROI income is generated by way of cryptocurrency mining.

In 2019, we began our exercise by making a farm in Armenia to develop the cryptocurrency farm. Throughout these years, we have been capable of make important progress.

Presently, the dimensions of our cryptocurrency mining farm is 20,000 M2, by which we use potent mills for our electrical energy consumption.

No proof of mining income getting used to pay associates is offered. About so far as BTCvest goes is offering inventory footage of crypto mining operations from who is aware of the place.

In abstract; BTCvest is run by somebody who speaks Chinese language, hides behind AI generated fictional executives, and makes use of inventory footage to faux they’re crypto mining.

In different phrases, BTCvest is your typical MLM crypto Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

This may starve BTCvest of ROI income, ultimately prompting a collapse.

The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.



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