128 BTC gives no info on its web site about who owns or runs the corporate.
128 BTC’s web site area (“128btc.org”), was privately registered on Might fifth, 2021.
On FaceBook 128 BTC represents it’s based mostly out of Boston, Massachusetts. I wasn’t capable of independently confirm this.
Advertising and marketing movies on 128 BTC”s official YouTube channel are primarily testimonials from India and Africa.
This strongly suggests whoever is operating 128 BTC is predicated out of Africa and/or India.
Curiously, Alexa ranks the US as the highest supply of site visitors to 128 BTC’s web site area (68%).
This means 128 BTC associates in India and Africa at the moment are benefiting from recruitment within the US.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
128 BTC’s Merchandise
128 BTC has no retailable services or products.
Associates are solely capable of market 128 BTC affiliate membership itself.
128 BTC’s Compensation Plan
128 BTC associates purchase right into a gifting scheme for 0.0005 BTC.
128 BTC runs its gifting scheme by 2×6 matrices.
A 2×6 matrix locations an affiliate on the prime of a matrix, with two positions straight underneath them:
These two positions kind the primary degree of the matrix. The second degree of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Ranges three to 6 of the matrix are generated in the identical method, with every degree housing twice as many positions because the earlier degree.
New 128 BTC associates buy 0.0005 BTC gifting positions. This unlocks a matrix (and locations them on degree 1 of an current affiliate’s matrix).
Every of the six 128 BTC matrix ranges operates as an impartial gifting tier, requiring fee in to qualify to receiving gifting funds.
Gifting funds throughout 128 BTC’s six-tier gifting scheme are as follows:
- degree 1 (prices 0.0005 BTC to enter) – obtain 0.0005 BTC from every place crammed (2 positions to fill)
- degree 2 (prices 0.00075 BTC to enter) – obtain 0.00075 BTC from every place crammed (4 positions to fill)
- degree 3 (prices 0.002 BTC to enter) – obtain 0.002 BTC from every place crammed (8 positions to fill)
- degree 4 (prices 0.01 BTC to enter) – obtain 0.01 BTC from every place crammed (16 positions to fill)
- degree 5 (0.1 BTC to enter) – obtain 0.1 BTC from every place crammed (32 positions to fill)
- degree 6 (2 BTC to enter) – obtain 2 BTC from every place crammed (64 positions to fill)
Referral Commissions
128 BTC associates obtain 60% of 0.0005 BTC gifted in from anybody they recruit.
Residual Commissions
128 BTC pays residual commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
128 BTC caps payable unilevel group ranges at 9.
Residual commissions are paid as a proportion of 0.0005 BTC gifted in by recruited associates throughout these 9 ranges as follows:
- ranges 1 and a couple of – 10%
- degree 3 and 4 – 5%
- ranges 5 to 9 – 2%
Guider Bonus
When a 128 BTC affiliate recruits two associates who present in, the one who recruited the recruiter affiliate receives 10% of the 2 0.0005 BTC gifting funds.
Buying and selling Bot
128 BTC gives entry to a buying and selling bot. $20 in charges is collected from each $100 made in revenue.
128 BTC makes use of these charges to pay Buying and selling Bot commissions through the identical unilevel group residual commissions are paid by (see “residual commissions” above).
128 BTC caps Buying and selling Bot commissions at 9 unilevel group ranges:
- degree 1 (personally recruited associates) – 20%
- ranges 2 – 10%
- ranges 3 and 4 – 5%
- ranges 5 to 9 – 2%
Becoming a member of 128 BTC
128 BTC affiliate membership is tied to an preliminary 0.0005 BTC gifting fee.
Full participation in 128 BTC’s revenue alternative prices 2.12 BTC. Any buying and selling bot funding requires extra bitcoin.
128 BTC Conclusion
128 BTC is a straightforward 2.12 BTC in, 128 BTC out gifting scheme. The rip-off is wrapped up within the normal pseudo-compliance advertising.
WHAT DOES PEER-TO-PEER MEAN?
Peer-To-Peer means individual to individual. A donation is at all times between one participant and one other participant in 128 BTC.
Donations don’t come from 128 BTC however are exchanged between the contributors.
What separates gifting scheme funds from donations is donations are made with no strings connected.
Funds inside 128 BTC are made for the only real goal of qualifying to obtain gifting funds from different recruits.
These funds are usually not donations.
One other MLM gifting cliche is referring to gifting as “crowdfunding”.
It’s based mostly on the world-famous Mobius Loop and System G Expertise, which is essentially the most profitable Peer-To-Peer Workforce Crowdfunding Program within the historical past!
Crowdfunding are totally different to gifting scheme funds for a similar purpose donations are totally different.
As for “mobius loop and system g expertise”, we’ve seen this nonsense from Indian gifting scammers earlier than.
3X Funding is one such gifting firm that made the identical “mobius loop and system g expertise” claims in 2020.
3X Funding is a donation base Crowdfunding system, which is run on Peer to Peer.
It’s based mostly on the world well-known Mobius Loop and the G Expertise System.
3X Funding doesn’t exist at present. Like each different MLM gifting scheme, 3X Funding collapsed when recruitment did.
The pairing of a buying and selling bot with 128 BTC gifting funds is an attention-grabbing transfer.
Somebody is positively flooding the MLM underbelly with buying and selling bots for the time being. Presently and till the fad is over, virtually each firm I’m reviewing is a buying and selling bot rip-off.
Seeing as 128 BTC’s buying and selling bot is secondary to the gifting scheme, it’s not value stepping into.
Suffice to say MLM + passive returns = securities fraud if an organization shouldn’t be registered with monetary regulators.
128 BTC gives no proof it has registered with monetary regulators.
As with all MLM gifting schemes, 128 BTC will begin to collapse when recruitment inevitably slows down.
This may present itself by the use of matrices stalling. As soon as sufficient matrices stall, an irreversible collapse is triggered.
Math ensures nearly all of contributors in gifting schemes lose cash.