Bitalium offers no verifiable info on its web site about who owns or runs the corporate.
The damaged English company bio for “Sam Walch” is hardly confidence inspiring.
In 2015 Sam Walch began cryptocurrency buying and selling cooperative with a bunch of his fellow merchants.
Additional analysis lead me to an Adam’s Household episode a advertising video, purportedly that includes Bitalium CEO “Samuel D. Walch”.
No thought the place Bitalium dug this man up from however he’s a powerful candidate for a Boris CEO.
Walch doesn’t have a digital footprint exterior of not too long ago revealed Bitalium advertising materials. You can too see the actor’s eyes studying a script within the linked advertising video above.
Bitalium’s web site area (“bitalium.com”) was privately registered on February tenth, 2020.
As at all times, if an MLM firm just isn’t overtly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
Bitalium’s Merchandise
Bitalium has no retailable services or products, with associates solely in a position to market Bitalium affiliate membership itself.
Bitalium’s Compensation Plan
Bitalium associates make investments funds on the promise of an marketed return.
- Fundamental – make investments $100 to $999 and obtain a each day ROI for 180 days
- Premium – make investments $1000 to $4999 and obtain a each day ROI for 210 days
- Enterprise – make investments $5000 to $14,999 and obtain a each day ROI for 240 days
- Platinum – make investments $15,000 to $30,000 and obtain a each day ROI for 270 days
Bitalium’s marketed return charge is as much as 1.4% a day.
Commissions are paid on the recruitment of latest Bitalium affiliate buyers.
Residual Binary Commissions
A binary compensation construction locations an affiliate on the high of a binary crew, break up into two sides (left and proper):
The primary degree of the binary crew homes two positions. The second degree of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary crew are stuffed through direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary crew can develop.
Residual binary fee are paid as a proportion of 33% of funds invested on each side of the binary crew.
Residual binary fee charges are calculated based mostly on how a lot a Bitalium affiliate has invested:
- Fundamental tier associates obtain a 12% residual binary fee charge
- Premium tier associates obtain a 15% residual binary fee charge
- Enterprise tier associates obtain an 18% residual binary fee charge
- Platinum tier associates obtain a 21% residual binary fee charge
Bitalium’s compensation materials doesn’t specify how ceaselessly residual binary commissions are paid out.
Residual Unilevel Commissions
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned instantly below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
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.
Bitalium caps payable unilevel crew ranges at 5.
Residual unilevel commissions are paid out as a proportion of 33% of funds invested throughout these 5 ranges as follows:
- degree 1 (personally recruited associates) – 15%
- degree 2 – 12%
- degree 3 – 9%
- degree 4 – 6%
- degree 5 – 3%
Prizes
Bitalium rewards associates with prized for producing downline funding quantity as follows:
- generate $25,000 in amassed binary crew quantity and obtain an iPhone 11 Professional Max
- generate $100,000 in amassed binary crew quantity and obtain a MacBook
- generate $200,000 in amassed binary crew quantity and obtain an “unique journey”
- generate $500,000 in amassed binary crew quantity and obtain a Rolex Datejust 36 watch and entry to Bitalium’s “workplace program”
- generate $2,000,000 in amassed binary crew quantity and obtain a “distinctive automotive fund” and “ambassador contract”
- generate $8,000,000 in amassed binary crew quantity and obtain a “premium automotive fund” and entry to Bitalium’s “shareholding program”
- generate $15,000,000 in amassed binary crew quantity and obtain a “luxurious villa on [sic] Bali value $500,000”
Word that binary quantity is just 33% of whole funds invested. Bitalium don’t specify whether or not required quantity is counted from one facet of the binary crew or each.
Bitalium’s Workplace Program pays partial hire prices for a rented workplace house.
The Ambassador Contract offers a “steady month-to-month wage”. And the Shareholding Program permits associates to ‘change into shareholders of (Bitalium’s) trade’.
No additional particulars are supplied.
Becoming a member of Bitalium
Bitalium affiliate membership is tied to a $100 to $30,000 preliminary funding.
How a lot an affiliate invests instantly impacts their revenue potential via Bitalium’s compensation plan.
Conclusion
Bitalium is your typical buying and selling bot Ponzi scheme.
The corporate represents it generates exterior income through day buying and selling and scalping buying and selling.
A buying and selling bot they’ve named “Gilgamesh” will supposedly even be made accessible to associates in some unspecified time in the future.
Bitalium offers no proof of buying and selling income getting used to pay affiliate returns.
As an alternative of registering their passive funding alternative with monetary regulators and submitting audited experiences, Bitalium offers pseudo-compliance advertising slides like this:
Placing apart the truth that Bitalium didn’t exist till a couple of months in the past, this isn’t an alternative choice to audited monetary experiences.
By failing to register their securities providing, Bitalium are committing securities fraud and working illegally the world over.
The one cause MLM corporations choose to commit securities fraud is as a result of they’re working as Ponzi schemes.
In Bitalium’s case it’s fairly apparent that every one that’s occurring on the again finish is recycling of invested funds to pay each day returns.
Bitalium’s admin(s) take their reduce and what’s left is used to fund the compensation plan.
Along with working a Ponzi scheme, Bitalium’s commissions are tied to recruitment. This provides an a pyramid layer to the scheme.
Trying ahead, Bitalium’s “undertaking time line” references “Bitalium token” launching in Q3 2020. That is adopted by ‘placement of Bitalium Token on numerous cryptocurrency wallets.’
This is called the general public trade exit-scam. First affiliate returns and probably commissions shall be converted to Bitalium Token.
Bitalium Token prices the corporate little to nothing to generate on demand, and can initially solely exist inside the firm.
For a while Bitalium Token withdrawals will nonetheless be honored via an inside trade.
When the time involves exit-scam, Bitalium Token shall be introduced on a number of dodgy exchanges.
The token launches, the worth pumps because of advertising hype, Bitalium’s proprietor(s) and high buyers dump what they will, and Bitalium Token’s worth will dump.
Gullible buyers are ultimately left bagholding a nugatory token they will’t do something with.
By this time Bitalium’s homeowners have disappeared. And promoters who lead recruitment efforts company-wide can have moved onto their subsequent scams.
The maths behind Ponzi schemes ensures the vast majority of buyers will lose cash. A technique or one other, Bitalium gained’t play out any totally different.
Replace fifteenth October 2020 – Bitalium has collapsed. As predicted, withdrawals are actually solely attainable in Bitalium Token.