Bitassets Enterprise supplies no info on its web site about who owns or runs the corporate.
Bitassets Enterprise’s web site area (“bitassetsventure.com”) was registered on June seventeenth, 2021.
The registration is primarily personal. The one info disclosed is a partial deal with in Occitanie, France.
On its web site Bitassets Enterprise represents it’s primarily based out of Seoul, South Korea.
That is unlikely, seeing because the constructing Bitassets Enterprise makes use of to symbolize their workplace is definitely within the US:
Regardless of solely current for a number of months, Bitassets Enterprise has additionally given itself a bunch of backdated made-up awards:
As at all times, if an MLM firm just isn’t overtly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
Bitassets Enterprise’s Merchandise
Bitassets Enterprise has no retailable services or products.
Associates are solely capable of market Bitassets Ventures’ affiliate membership itself.
Bitassets Enterprise’s Compensation Plan
Bitassets Enterprise associates make investments funds on the promise of marketed returns:
- Fundamental Plan – make investments $150 to $50,000 and obtain 112.3% over 6 days
- Commonplace Plan – make investments $50,000 or extra and obtain 113.08% over 6 days
- Fundamental Compounding Plan – make investments 10,000 to $50,000 and obtain 158.8% over 28 days
- Commonplace Compounding Plan – make investments $50,000 or extra and obtain 196.6% over 42 days
Bitasset Enterprise fees a $5 charge on all withdrawals.
The MLM aspect of Bitassets Enterprise rewards associates for direct and oblique recruitment.
Referral Commissions
Bitassets Enterprise pays a ten% fee on funds invested by personally recruited associates.
Regional Consultant Rewards
Bitassets Enterprise associates qualify as a Regional Consultant by producing a downline of sixty associates who’ve invested.
Regional Representatives obtain $500 a month.
Firm Director Rewards
Bitassets Enterprise associates qualify as a Firm Director by
- personally investing $20,000 or extra;
- personally recruiting at the very least ten associates; and
- producing $100,000 in complete downline funding quantity.
Firm Administrators obtain $2500 a month plus a Rolex watch price $10,000.
Ambassador Rewards
Bitassets Enterprise associates qualify as an Ambassador by
- personally invested $30,000 or extra;
- personally recruiting at the very least twenty associates; and
- producing $200,000 in complete downline funding quantity.
Ambassadors obtain $5000 a month “plus a visit to the corporate’s headquarters and 24hrs free purchasing.”
Becoming a member of Bitassets Enterprise
Bitassets Enterprise affiliate membership seems to be free.
Full participation within the connected earnings alternative requires recruitment and upkeep of a $30,000 funding.
Conclusion
Bitassets Enterprise represents it generates exterior income through
funding actions, that are associated to buying and selling on monetary markets and cryptocurrency exchanges carried out by certified skilled merchants.
No proof of engagement in these actions is offered. Neither is there any proof of of Bitassets Enterprise producing income by another means.
Not withstanding that if Bitassets nameless proprietor was capable of legitimately generate 2.3% a day constantly, they wouldn’t be promoting entry for as little as $150.
Because it stands the one verifiable income getting into Bitassets Enterprise is new funding.
Utilizing new funding to pay returns makes Bitassets Enterprise a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Bitassets Enterprise of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of members lose cash.