The Free BTC Membership web site gives no details about who owns or runs the enterprise.
On its web site Free BTC Membership states it’s
a authorized BTC incomes and wealth administration firm integrated and headquartered in Asia.
No particular particulars are supplied.
The Free BTC Membership web site FAQ goes on to state
Free BtcClub is a subsidiary derived from a collaboration of worldwide firms owned by crypto professional CEO’s.
…no matter which means.
Additional analysis reveals Free BTC Membership advertising and marketing emails citing Michael Merino as Free BTC Membership’s “program developer”.
In a Free BTC Membership advertising and marketing video, Merino discloses he received into the MLM business twenty-two years in the past by way of Herbalife. He claims to have since been concerned in eight MLM firms.
Three years in the past Merino (proper) was selling BetterBid, which he presents as a recruitment-driven MLM alternative.
I did attempt to analysis for unbiased info on BetterBid however got here up clean. No matter BetterBid was it seems to have long-since collapsed.
Over the previous two years Merino states he has transitioned into the MLM crypto area of interest.
So far as I can inform Merino relies out of California within the US.
The hyperlink to Asia seems to be solely depending on operating Free BTC Membership from “servers in Singapore”.
Learn on for a full overview of the Free BTC Membership MLM alternative.
Free BTC Membership Merchandise
Free BTC Membership has no retailable services or products, with associates solely capable of market Free BTC Membership affiliate membership itself.
The Free BTC Membership Compensation Plan
Free BTC Membership associates make investments bitcoin on the promise of an marketed 1.8% day by day ROI for 112 days.
Free BTC Membership funding tiers are as follows:
- 0.025 BTC
- 0.1 BTC
- 0.25 BTC
- 0.5 BTC
- 1 BTC and
- 3 BTC
How a lot a Free BTC Membership affiliate invests determines what they earn in residual commissions.
Residual Commissions
Free BTC Membership pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary group can develop.
On the finish of every day Free BTC Membership tallies up new funding quantity on each side of the binary group.
Residual commissions are paid out as a share of funds invested on the weaker binary aspect.
How a lot a Free BTC Membership affiliate can earn in residual commissions is set by how a lot they themselves have invested:
- make investments 0.025 BTC and obtain a 5% residual fee price capped at 0.05 BTC a day and 1.5 BTC a month
- make investments 0.1 BTC and obtain a 6% residual fee price capped at 0.2 BTC a day and 6 BTC a month
- make investments 0.25 BTC and obtain an 8% residual fee price capped at 0.5 BTC a day and 15 BTC a month
- make investments 0.5 BTC and obtain a ten% residual fee price capped at 1 BTC a day and 30 BTC a month
- make investments 1 BTC and obtain a 12% residual fee price, capped at 2 BTC a day and 60 BTC a month
- make investments 3 BTC and obtain a 15% residual fee price, capped at 6 BTC a day and 90 BTC a month
Becoming a member of Free BTC Membership
Free BTC Membership affiliate membership is tied to a 0.025 to three BTC funding.
How a lot an affiliate invests will increase their earnings potential by way of the Free BTC Membership compensation plan.
Conclusion
Your first (and main) crimson flag with Free BTC Membership is that it’s not obtainable to US residents.
Contemplating bitcoin is authorized within the US, it follows that its Free BTC Membership’s enterprise mannequin that’s the drawback.
Your Bitcoin doubles with none obligatory day by day activity.
Earlier than we get into that although, remember that Free BTC Membership’s “not within the US” act is pseudo-compliance garbage.
Free BTC Membership associates are overtly recruiting US resident buyers, by telling them to make use of a Digital Personal Community (VPN) to masks their location.
Moreover Michael Merino himself seems to be based mostly out of the US, as is just about everybody concerned in Free BTC Membership’s official advertising and marketing emails and movies.
Free BTC Membership claims to generate exterior ROI income by way of foreign currency trading.
Naturally there’s no proof of this, or every other supply of exterior ROI income supplied.
And even when there was, even probably the most gullible investor can recognize legit buying and selling can’t fund assured 1.8% day by day ROI plus residual commissions.
If that have been the case certainly after two years within the MLM crypto area of interest Merino can be able to retire with god tier riches?
Because it stands the one verifiable income getting into Free BTC Membership is new funding.
Utilizing new funding to pay present buyers a 1.8% day by day return makes Free BTC Membership a Ponzi scheme.
Paying affiliate buyers to recruit new buyers additionally makes it a pyramid scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment slows down so too will new funding.
This may starve Free BTC Membership of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of buyers lose cash.