Allbit Commerce supplies no data on their web site about who owns or runs the corporate.
Allbit Commerce’s web site area (“allbit.commerce”) was privately registered on April twelfth, 2020.
In an try to seem reliable, Allbit Commerce supplies a UK incorporation certificates for Allbit Group LTD on its web site.
Allbit Group LTD was included on July thirtieth, 2020.
UK incorporation is filth low cost and successfully unregulated. It’s a favored jurisdiction for scammers seeking to incorporate dodgy corporations.
For the aim of performing MLM due-diligence, UK incorporation is meaningless.
The usage of the Russian ruble on Allbit Commerce’s web site suggests whoever truly runs the corporate is predicated out of Russia:
Alexa at the moment ranks Peru (14%), Vietnam (12%) and Venezuela 11%) as the highest three sources of visitors to Allbit Commerce’s web site.
As all the time, if an MLM firm will not be brazenly upfront about who’s working or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Allbit Commerce’s Merchandise
Allbit Commerce has no retailable services or products, with associates solely in a position to market Allbit Commerce affiliate membership itself.
Allbit Commerce’s Compensation Plan
Allbit Commerce associates make investments cryptocurrency, USD and RUB, on the promise of an marketed perpetual 3.3% every day ROI.
Accepted funding quantity by Allbit Commerce are as follows:
- bitcoin – 0.005 to 4.3 BTC
- ethereum – 0.3 to 128 ETH
- litecoin – 0.6 to 880 LTC
- dogecoin – 4200 to 15150000 DOGE
- bank card – 2500 to three,400,000 RUB (Russian ruble)
- Excellent Cash and Payeer – $10 to $50,000 USD
Referral Commissions
Allbit Commerce pays referral commissions on invested funds 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 instantly beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
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.
Allbit Commerce caps payable unilevel group ranges at 4.
Residual commissions are paid out as a proportion of funds invested throughout these 4 ranges as follows:
- stage 1 (personally recruited associates) – 7%
- stage 2 – 3%
- stage 3 – 2%
- stage 4 – 1%
Becoming a member of Allbit Commerce
Allbit Commerce affiliate membership is free.
Full participation within the connected revenue alternative nevertheless requires funding in cryptocurrency, USD or RUB.
Conclusion
Allbit Commerce claims to generate exterior income through “crypto buying and selling”.
Allbit Commerce is managed by buying and selling professionals who’ve gained expertise within the cryptocurrency business for a very long time and at this time show their reliability and belief within the platform each day.
No proof of Allbit Commerce collaborating in crypto buying and selling is offered. Neither is there any proof of Allbit Commerce utilizing exterior income of any form to pay returns.
Moreover Allbit Commerce’s enterprise mannequin fails the Ponzi logic check.
If Allbit Commerce’s nameless homeowners had been truly able to persistently producing 3.3% a day, what do they want your cash for?
Even with a modest capital quantity, funding compounded at 3.3% a day for eternity will finally lead to all the cash on the planet winding up within the Allbit Commerce proprietor’s pocket.
Because it stands the one verifiable income coming into Allbit Commerce is new funding.
Utilizing new funding to pay associates a 3.3% every day return makes Allbit Commerce a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Allbit Commerce of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.