Bitcno offers no info on their web site about who owns or runs the corporate.
Bitcno’s web site area (“bitcno.com”) was privately registered on June 2nd, 2020.
As at all times, if an MLM firm shouldn’t be brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Bitcno’s Merchandise
Bitcno has no retailable services or products, with associates solely capable of market Bitcno affiliate membership itself.
Bitcno’s Compensation Plan
Bitcno associates make investments funds on the promise of a 200% ROI:
- Inexperienced – make investments $25 and obtain $50
- Orange – make investments $50 and obtain $100
- Black – make investments $100 and obtain $200
- Pink – make investments $250 and obtain $500
- Purple – make investments $500 and obtain $1000
- Crimson – make investments $1000 and obtain $2000
- Gray – make investments $1500 and obtain $3000
- Blue – make investments $2000 and obtain $4000
- Brown – make investments $5000 and obtain $10,000
- Silver – make investments $10,000 and obtain $20,000
- Gold – make investments $25,000 and obtain $50,000
Bitcno seems to make use of a 2×1 matrix construction to trace funding and returns.
It seems Bitcno makes use of a 2×1 matrix construction to trace funding and who will get paid what.
Upon activation of your bundle, the system will assign two members to pay you.
For example, in case you subscribe to the $5,000 bundle, the system will assign two folks to pay you $5,000 every inside 15 days!
A 2×1 matrix locations a Bitcno affiliate on the prime of a matrix, with two positions instantly below them.
The positions are stuffed by newly recruited and current Bitcno associates make investments/reinvest.
At that time reinvestment is required to proceed to incomes. Reinvestment creates a brand new matrix to fill and fills one other associates current 2×1 matrix.
Word that Bitcno associates are restricted from having two lively investments at any given time (two matrices ready to be stuffed).
Becoming a member of Bitcno
Bitcno affiliate membership is free.
Full participation within the connected earnings alternative requires an preliminary $25 to $25,000 funding.
Conclusion
Bitcno markets itself as a platform by means of which “sensible buyers” can obtain “trusted and real returns”.
I don’t learn about sensible buyers, however the returns Bitcno pays are derived by means of a fraudulent gifting Ponzi hybrid mannequin.
The gifting component comes into play by means of funds being transferred instantly between Bitcno associates.
The Ponzi component exists by means of the returns Bitcno markets being paid by subsequent funding.
Bitcno’s enterprise mannequin depends on fixed recruitment of latest buyers, failing which the matrices stall and Bitcno collapses.
In a laughable try and legitimize fraud, Bitcno presents up this phrase salad nonsense;
Is Bitcno authorized?
Bitcno is a multi-level interpersonal group the place people who will assist one another intentionally, will be a part of with their particulars.
Additionally, the registered members from Bitcno have a sure collectively financial relationship, and this has demonstrated the motivation behind why Bitcno shouldn’t be a topic of respectable relations thus the Bitcno group can’t be illicit.
Giving money by one member to a different shouldn’t be disallowed by both common or close by lawful frameworks.
Each money gifting and Ponzi schemes are unlawful the world over.
Bitcno’s Ponzi scheme isn’t any totally different to another; the maths behind it ensures that almost all of individuals will lose cash.