BTTycoon offers no info on its web site about who owns or runs the corporate.
As I write this BTTycoon’s web site solely provides a cell subdomain, which is actually a advertising and marketing pitch for the corporate’s app.
No details about who owns or runs BTTycoon is offered.
BTTycoon’s web site area (“bttycoon.web”) was registered on March twenty third, 2020. Area possession particulars usually are not out there.
BTTycoon’s area was bought by a Chinese language registrar. The corporate’s web site can be hosted with a Chinese language supplier.
Together with BTTycoon’s advertising and marketing materials being introduced in Chinese language, this means whoever owns the corporate on the very least speaks Chinese language.
There’s a robust probability BTTycoon’s proprietor relies out of South-east Asia in a Chinese language talking nation.
As all the time, if an MLM firm will not be overtly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
BTTycoon’s Merchandise
BTTycoon has no retailable services or products, with associates solely in a position to market BTTycoon affiliate membership itself.
BTTycoon’s Compensation Plan
BTTycoon associates make investments BitTorrent tokens (BTT), on the promise of marketed returns.
Be aware that BTTycoon presents their funding plans as “jobs” and “firms”, therefore the unusual names.
- Western-style Restaurant Waiter – make investments 150,000 to 800,000 BTT and obtain 103% over 24 hours
- Projectionist – make investments 400,000 to 1,200,000 BTT and obtain 103.6% over 3 days
- Western-style Restaurant Supervisor – make investments 300,000 to 800,000 BTT and obtain 103.6% over 3 days
- Grocery store Cashier – make investments 300,000 to 1,000,000 BTT and obtain 103.6% over 3 days
- Cinema Supervisor – make investments 500,000 to 1,800,000 BTT and obtain 109.1% over 7 days
- Grocery store Warehouse Supervisor B make investments 600,000 to 1,500,000 BTT and obtain 109.1% over 7 days
- Playground Safety Guard – make investments 800,000 to 1,500,000 and obtain 109.1% over 7 days
- High quality Inspector in Issue – make investments 1,000,000 to 2,000,000 BTT and obtain 122.5% over 15 days
- Playground Tools Maintainer – make investments 1,200,000 to 2,000,000 BTT and obtain 122.5% over 15 days
- R&D Engineer – make investments 1,500,000 to three,000,000 and obtain 151% over 30 days
- Video Recreation Key Animator – make investments 1,500,000 to three,000,000 BTT and obtain 151% over 30 days
- Recreation Programmer – make investments 2,500,000 to five,000,000 BTT and obtain 154% over 30 days
- Physician – make investments 3,000,000 to six,000,000 BTT and obtain 190% over 45 days
- College Math Trainer – make investments 3,500,000 to six,000,000 and obtain 190% over 45 days
- Nurse – make investments 2,500,000 to 4,500,000 BTT and obtain 154% over 30 days
- College Physics Professor – make investments 5,000,000 to 10,000,000 BTT and obtain 199% over 45 days
- Neighborhood Comfort Retailer – make investments 9,980,000 BTT and obtain 298% over an undisclosed variety of days
- Western-style Restaurant – make investments 10,000,000 BTT and obtain 166% over an undisclosed variety of days
- Cinema – make investments 12,000,000 BTT and obtain 238% over 60 days
- Instrument Processing Plant – make investments 13,000,000 and obtain 307% over an undisclosed variety of days
- Small Clinic – make investments 14,000,000 BTT over an undisclosed variety of days
- Playground – make investments 14,800,000 and obtain 316% over an undisclosed variety of days
- Excessive-end Western-style Restaurant – make investments 15,000,000 BTT and obtain 238% over an undisclosed variety of days
- Michelin-starred Western-style Restaurant – make investments 20,000,000 BTT and obtain 325% over 90 days
- Grocery store – make investments 25,000,000 BTT and obtain 340% over an undisclosed variety of days
- Main Movie Studio – make investments 25,000,000 BTT and obtain 325% over 90 days
- Tools Manufacturing Plan – make investments 28,800,000 BTT and obtain 400% over an undisclosed variety of days
- Neighborhood Hospital – make investments 29,800,000 BTT and obtain 400% over an undisclosed variety of days
- Video Recreation Studio – make investments 30,000,000 BTT and obtain 325% over 90 days
- Vocational Coaching Faculty – make investments 32,800,000 BTT and obtain 325% over 90 days
- Amusement Park – make investments 36,000,000 BTT and obtain 412% over 120 days
- Non-public College – make investments 45,800,000 BTT and obtain 460% over 120 days
- Listed Video Recreation Firm – make investments 68,000,000 BTT and obtain 520% over 150 days
- Transnational Scientific Analysis Heart – make investments 198,800,000 BTT and obtain 676% over 180 days
I’ve marked a number of the funding plans as paying over an undisclosed quantity of days, because the BTTycoon presentation cited for this evaluate had these figures blocked out.
For those who’re questioning in regards to the funding and return overlap, it’s as a result of BTTycoon solely permits funding between 9am to 9 PM.
Plans can be found in time-limited pairs of two all through these hours.
BTTycoon associates are additionally restricted on what number of plans they’ll put money into, primarily based from the primary date they invested.
BTTycoon Affiliate Ranks
There are three affiliate ranks inside BTTycoon’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Atypical Headhunter – enroll as a BTTycoon affiliate and make investments
- Senior Headhunter – generate 20 funding contracts throughout your personally recruited associates or 50 funding contracts down three ranges of recruitment
- Skilled Headhunter – generate 50 funding contracts throughout your personally recruited associates or 100 funding contracts down three ranges of recruitment
Residual Commissions
BTTycoon pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
BTTycoon caps payable unilevel staff ranges at twenty.
Residual commissions are paid out as a share of returns paid to associates throughout these twenty ranges primarily based on rank:
- Atypical Headhunters obtain 5% on stage 1 (personally recruited associates), 3% on stage 2 and a couple of% on stage 3
- Senior Headhunters obtain 5% on stage 1, 3% on stage 2, 2% on stage 3 and 1% on ranges 4 to 10
- Skilled Headhunters obtain 5% on stage 1, 3% on stage 2, 2% on stage 3 and 1% on ranges 4 to twenty
Becoming a member of BTTycoon
BTTycoon affiliate membership seems to be free.
Full participation in BTTycoon’s connected revenue alternative requires a minimal 150,000 BTT funding.
Conclusion
BitTorrent token is your typical pointless token. And that is mirrored within the token’s buying and selling worth historical past.
BTT public buying and selling started on or round February 2019 at $0.000467. in Might 2019 BTT pumped to $0.001753.
This prompted early adopters (pumpers) to money out, and BTT has since dumped to about half of what it initially traded at.
Over the previous few months, BTT has risen again to $0.0004 or so.
BTT was launched by BitTorrent Inc., who at the moment go by Rainberry Inc.
Rainberry Inc. is owned by TRON, a cryptocurrency firm based by Justin Solar in 2017.
On Twitter Rainberry Inc. nonetheless goes by BitTorrent Inc., and for his or her half they’re wholly supportive of BTTycoon.
Why does any of this matter?
Rainberry Inc. is headquartered within the US state of California, and BTTycoon is kind of clearly committing securities fraud.
BTT itself is a TRC-10 shittoken. It’s created out of skinny air on the TRON community at little to no price.
Mainly it’s TRON’s model of the ethereum erc-20 shittokens, which by and huge are solely used to commit monetary fraud – no less than within the MLM sector.
So now we have BTTycoon adopting BTT, with the help of US firm Rainberry Inc., to commit securities fraud.
BTTycoon’s securities fraud is rooted of their providing of passive returns on BTT funding.
You enroll as a BTTycoon investor, make investments your BTT by the corporate’s app and accumulate a passive return.
Commissions are paid on BTT returns paid to recruited downlines, including a further pyramid layer to the scheme.
BTT is after all presently value a fraction of a cent, and all of that is arrange within the hope BTT will pump.
Rainberry Inc. has a vested monetary curiosity in BTT pumping. TRON and the businesses it owns maintain 58.9% of BTT (as per the Feb 2019 BTT whitepaper).
It appears they’re not fussed how BTT is resurrected, even when which means supporting third-parties engaged in securities fraud.
Neither TRON, Rainberry Inc. or BTTycoon are registered with the SEC. BTTycoon because the issuer of the safety (passive funding alternative), is most undoubtedly unlawful.
TRON may additionally discover itself in sizzling water ought to the SEC examine, as promotion of unregistered securities can be unlawful.
Not withstanding any undisclosed monetary preparations which may exist between TRON, any of its subsidiaries and BTTycoon.
Getting again to BTTycoon’s MLM alternative, it’s your normal pump and dump story-line.
Like TRON, whoever owns BTTycoon can be seemingly sitting on a ton of BTT they wish to money out – however not on the worth they paid for it.
Cue BTTycoon, which serves as a recruitment software to rope new buyers into BTT.
New suckers come on board and pay actual cash for nugatory BTT tokens. The hope is that this pumps BTT, permitting BTTycoon’s house owners and early adopters to money out.
That may inevitably trigger one other dump, which leaves the vast majority of BTTycoon associates bagholding a nugatory token and taking a loss.
Switch of non-wealth and so forth. and so forth.