BitBox Social offers no info on its web site about who owns or runs the corporate.
BitBox Social’s web site area (“bitboxsocial.com”) was privately registered on March twenty second, 2020.
As evidenced by their assist e mail BitBox Social owns “bitboxsocial.internet”, additionally registered privately on March twenty second.
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
BitBox Social’s Merchandise
BitBox Social sells promoting on its web site.
- Professional Show Advert – $50 for a five-day textual content field advert
- Professional Login Advert – $497 for a 24 hour login advert
- Premium Show Banners – value not disclosed
Be aware that whereas the above costs are quoted in USD, BitBox Social solely accepts bitcoin.
BitBox Social’s Compensation Plan
BitBox Social pays commissions when retail prospects and recruited associates buy promoting.
Be aware that BitBox Social withholds 10% of earned commissions. This stability can solely be put in the direction of promoting.
Promoting Commissions
BitBox Social associates earn $10 for each $50 Professional Show Advert, bought by a retail buyer they refer or affiliate they recruit.
Unilevel Commissions (?)
Unilevel Commissions (?)BitBox Social’s advertising and marketing materials references “instantaneous uni-level commissions”. This suggests there’s an MLM element to the compensation plan.
Particular particulars of BitBox Social’s unilevel commissions nevertheless usually are not supplied.
Work and Additional Bonuses
BitBox Social associates earn $10 for viewing sixty adverts for seven seconds every. That is known as a Work Bonus.
Unclaimed Work Bonuses are made accessible to different BitBox Social associates as “Additional Bonuses”.
Loyalty Credit
Buy of a $50 Professional Show Advert generates “loyalty credit”, by way of which a 120 day ROI may be earned.
Becoming a member of BitBox Social
BitBox Social affiliate membership is $99 paid in bitcoin.
Conclusion
BitBox Social is a straightforward adcredit Ponzi scheme.
Associates join, put money into $50 Professional Show Advert positions and obtain “loyalty credit”.
Loyalty credit generate a return over 120 days, paid out of subsequently invested funds.
Every thing BitBox Social has added round that is pseudo-compliance fluff.
Retail commissions are irrelevant as a result of the one folks buying promoting will probably be BitBox Social associates. The $497 Professional Login Advert is laughable each in pricing and what you get.
The one factor BitBox Social will “promote” are $50 adcredit positions, and solely to affiliate buyers due to the hooked up 120 day ROI scheme.
BitBox Social’s enterprise mannequin defining it as a Ponzi scheme is definitive. Supportive proof of BitBox Social being a rip-off nevertheless embrace:
- failure to reveal BitBox Social firm possession particulars;
- failure to reveal revenue alternative info on BitBox Social’s web site;
- failure to reveal specifics of the loyalty credit scheme on any platform;
- failure to supply proof BitBox Social has registered its securities providing with monetary regulators; and
- using bitcoin to solicit funding by way of (good luck getting your a reimbursement).
BitBox Social is a closed-loop adcredit Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This may starve BitBox Social of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.