BitBox Social provides no information on its website about who owns or runs the company.
BitBox Social’s website domain (“bitboxsocial.com”) was privately registered on March 22nd, 2020.
As evidenced by their support email BitBox Social owns “bitboxsocial.net”, also registered privately on March 22nd.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
BitBox Social’s Products
BitBox Social sells advertising on its website.
- Pro Display Ad – $50 for a five-day text box ad
- Pro Login Ad – $497 for a 24 hour login ad
- Premium Display Banners – price not disclosed
Note that while the above prices are quoted in USD, BitBox Social only accepts bitcoin.
BitBox Social’s Compensation Plan
BitBox Social pays commissions when retail customers and recruited affiliates purchase advertising.
Note that BitBox Social withholds 10% of earned commissions. This balance can only be put towards advertising.
Advertising Commissions
BitBox Social affiliates earn $10 for every $50 Pro Display Ad, purchased by a retail customer they refer or affiliate they recruit.
Unilevel Commissions (?)
Unilevel Commissions (?)BitBox Social’s marketing material references “instant uni-level commissions”. This implies there’s an MLM component to the compensation plan.
Specific details of BitBox Social’s unilevel commissions however are not provided.
Work and Extra Bonuses
BitBox Social affiliates earn $10 for viewing sixty ads for seven seconds each. This is referred to as a Work Bonus.
Unclaimed Work Bonuses are made available to other BitBox Social affiliates as “Extra Bonuses”.
Loyalty Credits
Purchase of a $50 Pro Display Ad generates “loyalty credits”, through which a 120 day ROI can be earned.
Joining BitBox Social
BitBox Social affiliate membership is $99 paid in bitcoin.
Conclusion
BitBox Social is a simple adcredit Ponzi scheme.
Affiliates sign up, invest in $50 Pro Display Ad positions and receive “loyalty credits”.
Loyalty credits generate a return over 120 days, paid out of subsequently invested funds.
Everything BitBox Social has added around this is pseudo-compliance fluff.
Retail commissions are irrelevant because the only people purchasing advertising will be BitBox Social affiliates. The $497 Pro Login Ad is laughable both in pricing and what you get.
The only thing BitBox Social will “sell” are $50 adcredit positions, and only to affiliate investors because of the attached 120 day ROI scheme.
BitBox Social’s business model defining it as a Ponzi scheme is definitive. Supportive evidence of BitBox Social being a scam however include:
- failure to disclose BitBox Social company ownership details;
- failure to disclose income opportunity information on BitBox Social’s website;
- failure to disclose specifics of the loyalty credits scheme on any platform;
- failure to provide evidence BitBox Social has registered its securities offering with financial regulators; and
- the use of bitcoin to solicit investment through (good luck getting your money back).
BitBox Social is a closed-loop adcredit Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dies down so too will new investment.
This will starve BitBox Social of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.