BitherCash operates within the MLM cryptocurrency area of interest and seems to be operated out of Dubai.
Heading up BitherCash is Founder and Chairperson, Javed Mujawar.
Previous to launching BitherCash, Mujawar (proper) promoted the International Donation Group and OneCoin Ponzi schemes.
On the time of publication Alexa estimate Pakistan makes up just below half of all BitherCash web site site visitors (49%).
Though recruitment there appears to have since cooled, initially Mujawar was focusing on traders in India:
In line with his Fb profile, Mujawar is initially from Pune within the Indian state of Maharashtra.
Learn on for a full evaluation of the BitherCash MLM alternative.
BitherCash Merchandise
BitherCash has no retailable services or products, with associates solely capable of market BitherCash affiliate membership itself.
The BitherCash Compensation Plan
BitherCash associates spend money on BEC factors on the promise of an marketed ROI.
BEC was initially offered to BitherCash traders for 40 cents every. The present inner worth of BEC factors is 0.98 cents.
BitherCash associates make investments $100 to $50,000 on the promise of an marketed ROI:
- Scholar – make investments $100 and obtain 1.5% a month for 10 months
- Pilot – make investments $500 and obtain 2% a month for 9 months
- Customary – make investments $1000 and obtain 3% a month for 8 months
- Skilled – make investments $5000 and obtain 4% a month for 7 months
- Grasp – make investments $10,000 and obtain 5% a month for six months
- Deluxe – make investments $25,000 and obtain 7% a month for six months
- Elite – make investments $50,000 and obtain 8% a month for six months
Notice that ROIs are paid in BEC factors, which have to be then transformed to actual cash by way of BitherCash’s inner BitherX trade.
Recruitment Commissions
BitherCash associates earn 10% of funds invested by personally recruited associates.
Residual Commissions
BitherCash pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Notice there isn’t a restrict to how deep a binary staff can develop.
On the finish of every day BitherCash tallies up new funding quantity on either side of the binary staff.
Residual commissions are paid out as a share of funds invested on the weaker binary facet.
How a lot of a share is paid out is decided by how a lot a BitherCash affiliate has invested:
- make investments on the Scholar tier ($100) and obtain a 5% residual fee fee
- make investments on the Pilot to Skilled tiers ($500 to $5000) and obtain an 8% residual fee fee
- make investments on the Grasp tier ($10,000) and obtain a 9% residual fee fee
- make investments on the Deluxe or Elite tiers ($25,000 or $50,000) and obtain a ten% residual fee fee
Matching Bonus
BitherCash affords a Matching Bonus by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
BitherCash cap payable unilevel staff ranges at 5.
The Matching Bonus is paid out as a share of residual commissions earned by unilevel staff associates throughout these 5 ranges as follows:
- Scholar associates obtain a 5% match on stage 1 (personally recruited associates
- Pilot associates obtain a 5% match on ranges 1 and a pair of
- Customary associates obtain a 5% match on ranges 1 to three
- Skilled associates obtain a 5% match on ranges 1 to 4
- Grasp and better tier associates obtain a 5% match on ranges 1 to five
Becoming a member of BitherCash
Fundamental BitherCash affiliate membership is $10.
Associates trying to make investments and purchase BEC factors from the corporate should select one of many following funding tiers:
- Scholar – $100
- Pilot – $500
- Customary – $1000
- Skilled – $5000
- Grasp – $10,000
- Deluxe – $25,000
- Elite – $50,000
The extra an affiliate invests the upper their earnings potential by way of the BitherCash compensation plan.
Conclusion
Bear in mind all these BitConnect lending clones that popped and died final 12 months?
Yeah, BitherCash is just about that – besides with a a lot decrease ROI fee.
Whereas different staking platform affords 1%-3%-5% could also be upto 10% a day and goes south in couple weeks/months, BitherCash by way of precept of “Pure Lending” will provide wherever between 1.5% to 7% a month (lower than opponents however far more than a standard financial institution), as such will change into probably the most steady cryptocurrency by providing life like and sustainable targets!
In an effort to dupe gullible traders, BitherCash discuss with lending as “staking”.
Identical deal although, you make investments, BitherCash dumps nugatory BEC factors on you and also you “lend” these factors to the corporate.
BEC factors are generated on a whim by BitherCash at little to no price.
After parking your BEC factors BitherCash pays you a month-to-month ROI, in BEC factors after all.
Then on the finish of your plan’s maturity interval, you attempt to persuade bagholders to purchase your factors for greater than you paid for them by way of the BitherX trade.
Right here’s how BitherCash themselves describe their fraudulent enterprise mannequin:
If an investor lends 100 BEC tokens at $1 and after one 12 months the value of BEC token is $30, then they don’t get $100 again (like all different conventional lending corporations), as a substitute they get their 100 BEC tokens again valued at $30 every, so their $100 funding in a single 12 months turns into $3000 and to prime all of it up we pay our traders an curiosity for lending them their tokens to BitherCash.
Javed Mujawar and associates take your cash whenever you initially make investments, pay what they must by way of the compensation plan and pocket the remainder.
As with BitConnect, this lasts so long as there’s new gullible bagholders keen to snap up BEC factors.
As soon as that demand dies down (and it inevitably will), BitherCash collapses and the inner BEC worth plummets to $0.
Not withstanding BEC factors themselves being nugatory exterior of BitherCash’s Ponzi scheme.
No matter what the ROI fee supplied is, BitherCash continues to be only a BitConnect lending Ponzi clone.
You know the way this ends. BitherCash’s admins make off together with your cash and the overwhelming majority of traders lose all of it.
Replace third October 2019 – As evidenced by Alexa site visitors estimates to its web site, BitherCash it’s BEC token factors have flopped:
In a determined bid to solicit new funding from BitherCash traders, the corporate has launched MybDairy.
Heading up MybDairy is Chairman Mariana Ludmila Cortes. Cortes options on BitherCash’s web site as a “blockchain advisor”.
As to MybDairy’s enterprise mannequin, discuss over-engineering an answer to an issue that doesn’t exist;
MYbDAIRY Good Farms is a farming system based mostly on synthetic intelligence and blockchain permitting actual time monitoring of livestock enhancing the standard of milk and associated merchandise.
MybDairy is hitched to MYBD, an pointless ERC-20 shit token. MybDairy has been flogging MYBD tokens to gullible traders since September eleventh.
BitherCash traders are being offered MYBD token packages for $500, $1000 and $5000.
So far as I can inform MybDairy itself doesn’t function as an MLM alternative.
BitherCash associates are rewarded for soliciting MYBD token traders solely on their private recruits:
- promote a $500 funding package deal and obtain 10% until September thirtieth after which 5% until November tenth
- promote a $1000 funding package deal and obtain 20% until September thirtieth, 10% until October twentieth after which 5% until November tenth
- promote a $5000 funding package deal and obtain 30% until September thirtieth, 20% until October twentieth after which 10% until November tenth
Telling of the worthlessness of tokens connected to BitherCash, the above referral commissions are paid in bitcoin.