BCC Mining Community gives no info on their web site about who owns or runs the enterprise.
The BCC Mining Community web site area (“bccminingnetwork.com”) was privately registered on June ninth, 2018.
Of notice is the official BCC Mining Community’s official Fb web page, on which posts are made in Spanish.
Advertising materials on BCC Mining Community’s Fb web page identifies Jose Mendoza as Founder and CEO of the corporate.
Presumably on account of language-barriers, I used to be unable to place collectively an MLM historical past for Mendoza.
Learn on for a full overview of the BCC Mining Community MLM alternative.
BCC Mining Community Merchandise
BCC Mining Community has no retailable services or products, with associates solely capable of market BCC Mining Community affiliate membership itself.
The BCC Mining Community Compensation Plan
BCC Mining Community associates make investments funds on the promise of a “income sharing” ROI.
- Begin – make investments $250 and obtain 5% of the allotted income sharing quantity
- Bronze – make investments $500 and obtain 10% of the allotted income sharing quantity
- Silver – make investments $1000 and obtain 20% of the allotted income sharing quantity
- Gold – make investments $2500 and obtain 50% of the allotted income sharing quantity
- Platinum – make investments $5000 and obtain 100% of the allotted income sharing quantity
- Diamond – make investments $10,000 and obtain 200% of the allotted income sharing quantity
- Grasp Diamond – make investments $20,000 and obtain 400% of the allotted income sharing quantity
- Grasp Mining – make investments $25,000 and obtain 500% of the allotted income sharing quantity
Notice that BCC Mining Community don’t disclose how usually income sharing ROI funds are made.
Usually nevertheless such funds are both made each day or weekly.
Recruitment Commissions
BCC Mining Community associates are paid to recruit new associates.
Recruitment commissions are paid out as a proportion of funds invested by newly recruited associates, based mostly on how a lot they themselves invested:
- make investments on the Begin tier and obtain a ten% recruitment fee fee
- make investments on the Bronze tier and obtain an 11% recruitment fee fee
- make investments on the Silver tier and obtain a 12% recruitment fee fee
- make investments on the Gold tier and obtain a 13% recruitment fee fee
- make investments on the Platinum and better tiers and obtain a 15% recruitment fee fee
Residual Commissions
BCC Mining Community pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary workforce, break up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are crammed by way of direct and oblique recruitment of associates. Notice there isn’t a restrict to how deep a binary workforce can develop.
Residual commissions are paid out as a proportion of invested funds matched on each side of the binary workforce:
- make investments on the Begin tier and obtain a 5% residual fee fee
- make investments on the Bronze tier and obtain an 8% residual fee fee
- make investments a the Silver and better tiers and obtain a ten% residual fee fee
Becoming a member of BCC Mining Community
BCC Mining Community affiliate membership is tied to a $250 to $25,000 funding:
- Begin – $250
- Bronze – $500
- Silver – $1000
- Gold – $2500
- Platinum – $5000
- Diamond – $10,000
- Grasp Diamond – $20,000
- Grasp Mining – $25,000
The extra an affiliate invests the upper their revenue potential by way of the BCC Mining Community compensation plan.
Notice that whereas BCC Mining Community seems to solicit funding in USD, ROI funds and commissions are paid out in bitcoin and bitcoin money solely.
Additionally notice that BCC Mining Community cost a 5% price on all withdrawal requests.
Conclusion
BCC Mining Community claims to generate exterior ROI income by cryptocurrency buying and selling, “mining farms in USA and different cities of the world” and foreign currency trading.
No proof of BCC Mining Community utilizing exterior ROI income to pay associates is offered.
Being a securities providing, with the intention to function legally BCC Mining Community must register itself with securities regulators and supply funding disclosures.
Perusal of Jose Mendoza’s Fb web page reveals he’s actively selling BCC Mining Community throughout the US.
Securities within the US are regulated by the SEC. But on the time of publication neither BCC Mining Community or Jose Mendoza are registered with the SEC.
Because of this BCC Mining Community is being promoted and working illegally within the US.
Recruitment commissions and no retail providing provides a further pyramid layer of fraud to the scheme.
At greatest, BCC Mining Community is producing exterior ROI income however nonetheless working as an unlawful unregistered securities pyramid scheme.
At greatest BCC Mining Community is a full-blown Ponzi scheme.
Usually after we see MLM cryptocurrencies provide unregistered securities it’s as a result of, both partially or in full, they’re recycling newly invested funds to repay present buyers.
This leads to the vast majority of buyers shedding cash when the scheme inevitably collapses.
Based mostly on the present regulatory standing of the corporate, there’s an especially excessive likelihood BCC Mining Community falls into this class.