Bitrobix fails to supply possession or govt info 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.
Somewhat than simply be sincere about this, Bitrobix has employed an actor to play “Paul McShane” as its CEO:
The advertising 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 area someplace in Central or South America.
In a second video uploaded to Bitrobix’s YouTube channel, titled “Success yacht social gathering“, 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 social gathering”, at [3:33] they conviently present us with drone footage of the placement:
I used to be capable of 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”. Observe you’ll must append “Cartagena” to both of those locations should you look them up.
As to who’s working Bitrobix, we now have just a few potentialities:
- 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 gives shell firm incorporation certificates for Colorado within the US, the UK and Canada.
For the aim of MLM due-diligence, shell firm incorporation anyplace is meaningless.
As all the time, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Bitrobix’s Merchandise
Bitrobix has no retailable services or products.
Associates are solely capable of 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 prices a ten% payment on all ROI withdrawals. MLM commissions are charged a 9% withdrawal payment.
The MLM aspect 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 staff, cut 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 stuffed by way of direct and oblique recruitment of associates. Observe there isn’t any restrict to how deep a binary staff can develop.
On the finish of every day Bitrobix tallies up new funding quantity on each side of the binary staff.
Associates are paid a share of funds generated on their weaker binary staff aspect.
How a lot of a share 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 staff aspect and flushed.
Any leftover quantity on the stronger binary staff aspect 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 possibly can withdraw
- recruit 100 associates and earn a $500 funding place plus $100 you possibly can withdraw
Observe that recruited associates should make investments to rely.
Downline Funding Bonuses
Bitrobix rewards associates for producing downline funding throughout the binary staff 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 possibly can withdraw
- generate $30,000 in downline funding and obtain a $1000 funding place plus $500 you possibly can withdraw
- generate $50,000 in downline funding and obtain $1000 you possibly can 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 automobile
- 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 connected earnings alternative requires a minimal $30 funding.
The extra a Bitrobix affiliate invests the upper their earnings 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 buzzword.
Probably the most fascinating factor about Bitrobix is its connection to Colombia. Exterior of that Bitrobix is a cookie-cutter Boris CEO Ponzi scheme.
In 2022 Colombia was ravaged by MLM Ponzi schemes. That development 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.
It will starve Bitrobix of ROI income, finally inflicting it to break down.
The maths behind MLM Ponzi schemes ensures that after they collapse, nearly all of members lose cash.