BitKrypton offers no info on their web site about who owns or runs the corporate.
BitKrypton’s web site area “bitkrypton.com”) was privately registered on October thirtieth, 2019.
Alexa at the moment estimates 95% of site visitors to BitKrypton’s web site originates out of Pakistan.
This strongly suggests whoever is working BitKrypton is predicated out of Pakistan, or at very least has ties to the nation.
As at all times, if an MLM firm just isn’t brazenly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
BitKrypton’s Merchandise
BitKrypton has no retailable services or products, with associates solely capable of market BitKrypton affiliate membership itself.
BitKrypton’s Compensation Plan
BitKrypton associates make investments funds on the promise of an marketed each day 0.5% ROI, paid for 730 days.
A 7% referral fee is paid on funds invested by personally recruited associates.
BitKrypton Affiliate Ranks
There are sixteen affiliate ranks inside BitKrypton’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Accomplice – generate $50 of funding quantity on each side of the binary group
- Elite – generate $2500 of funding quantity on each side of the binary group
- Premier – generate $5000 of funding quantity on each side of the binary group
- Bronze – generate $10,000 of funding quantity on each side of the binary group
- Silver – generate $20,000 of funding quantity on each side of the binary group
- Gold – generate $40,000 of funding quantity on each side of the binary group
- Platinum – generate $70,000 of funding quantity on each side of the binary group
- Titanium – generate $100,000 of funding quantity on each side of the binary group
- Ruby – generate $200,000 of funding quantity on each side of the binary group
- Sapphire – generate $400,000 of funding quantity on each side of the binary group
- Emerald – generate $700,000 of funding quantity on each side of the binary group
- Diamond – generate $1,000,000 of funding quantity on each side of the binary group
- Blue Diamond – generate $2,000,000 of funding quantity on each side of the binary group
- Royal Diamond – generate $4,000,000 of funding quantity on each side of the binary group
- Crown Diamond – generate $7,000,000 of funding quantity on each side of the binary group
- Presidential Diamond – generate $10,000,000 of funding quantity on each side of the binary group
Residual Commissions
BitKrypton pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, cut up into two sides (left and proper):
The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary group are crammed through direct and oblique recruitment of associates. Word there isn’t any restrict to how deep a binary group can develop.
On the finish of every week BitKrypton tallies up new funding quantity on each side of the binary group.
Residual commissions are paid as 5% of funds invested on the weaker binary group aspect.
As soon as paid out on, quantity is matched towards the stronger binary group aspect after which flushed.
Any leftover quantity on the stronger binary group aspect carries over.
Wage Awards
Wage Awards are month-to-month bonuses paid based mostly on binary group funding totals.
- generate $4000 of funding on each side of the binary group and obtain $60 for two months
- generate $8000 of funding on each side of the binary group and obtain $120 for two months
- generate $15,000 of funding on each side of the binary group and obtain $225 for two months
- generate $30,000 of funding on each side of the binary group and obtain $250 for 3 months
- generate $60,000 of funding on each side of the binary group and obtain $500 for 3 months
- generate $100,000 of funding on each side of the binary group and obtain $800 for 3 months
- generate $200,000 of funding on each side of the binary group and obtain $800 for six months
- generate $400,000 of funding on each side of the binary group and obtain $1000 for six months
- generate $700,000 of funding on each side of the binary group and obtain $1250 for six months
- generate $1,000,000 of funding on each side of the binary group and obtain $2500 for six months
- generate $2,000,000 of funding on each side of the binary group and obtain $2500 for 12 months
- generate $4,000,000 of funding on each side of the binary group and obtain $4000 for 12 months
- generate $7,000,000 of funding on each side of the binary group and obtain $7500 for 12 months
- generate $10,000,000 of funding on each side of the binary group and obtain $10,000 for 60 months
Rank Achievement Bonuses
BitKrypton rewards associates for qualifying at Elite and better ranks as follows:
- qualify at Elite and obtain $100
- qualify at Premiere and obtain $200
- qualify at Bronze and obtain $400
- qualify at Silver and obtain an iPad
- qualify at Gold and obtain a visit to Bangkok
- qualify at Platinum and obtain $2500
- qualify at Titanium and obtain a MacBook and iPhone 11
- qualify at Ruby and obtain $8000
- qualify at Sapphire and obtain $15,000 put in direction of a automobile
- qualify at Emerald and obtain $25,000
- qualify at Diamond and obtain $40,000 price of gold
- qualify at Blue Diamond and obtain a $60,000 Mercedes Benz
- qualify at Royal Diamond and obtain a $120,000 condo in Germany
- qualify at Crown Diamond and obtain $200,000
- qualify at Presidential Diamond and obtain $500,000
Becoming a member of BitKrypton
BitKrypton affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $50 preliminary funding.
Conclusion
BitKrypton claims to generate exterior ROI income through “buying and selling in crypto currencies, foreign exchange, commodities & indices”.
No proof of buying and selling is supplied. Neither is there any proof of BitKrypton utilizing another sort of exterior income to pay withdrawal requests.
BitKrypton additionally commits securities fraud, by the use of the corporate not being registered with monetary regulators in any jurisdiction.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve BitKrypton of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of buyers lose cash.