BitLocity gives no info on its web site about who owns or runs the enterprise.
BitLocity’s web site area (“bitlocity.io”) was privately registered on October twenty eighth, 2020.
As per present Alexa estimates, the highest three sources of site visitors to Bitlocity’s web site are the US (42%), Jersey (11%) and South Africa (6%).
On the official BitLocity Vimeo channel linked from their web site, there’s a video titled “Group Replace November 24, 2020”.
The video options Mark Hamlin, discussing “our involvement” in Qtrex. Qtrex being a bitcoin Ponzi pyramid hybrid launched a number of months again.
Primarily based on Hamlin’s feedback within the video, Qtrex has collapsed (“Qtrex is over”). After Qtrex Hamlin started internet hosting company BitLocity webinars:
Hamlin (proper) refers to BitLocity as a “higher mouse entice” than Qtrex.
As we speak we’re gonna introduce you, we’re gonna provide you with only a style of what we now have created as a management group.
If you could get one thing executed proper, you could do it your self. In order that’s precisely what we’ve executed girls and gents.
We’re very excited to introduce to you our new challenge girls and gents, that we now have developed.
What follows is a pitch for BitLocity’s “founders membership”. He refers back to the firm within the possessive.
Along with Qtrex, different scams Mark Hamlin has promoted embrace Forsage and WeShare Crowdfunding.
Primarily based on his current social media posts, Hamlin seems to be knee-deep in crypto funding fraud:
I didn’t sit by way of each video uploaded to BitLocity’s Vimeo channel. Within the movies I did skim by way of, Hamlin didn’t disclose who he’s working with.
In some movies Hamlin introduces one other speaker, solely known as “Brian”.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
BitLocity’s Merchandise
BitLocity has no retailable services or products, with associates solely in a position to market BitLocity affiliate membership itself.
BitLocity’s Compensation Plan
BitLocity associates buy membership tiers in bitcoin (costs quoted in USD).
- Bronze – $25
- Silver – $50
- Gold – $75
- Platinum – $100
- Pearl – $200
- Amber – $500
- Ruby – $750
- Sapphire – $1000
- Emerald – $2000
- Diamond – $5000
- Double Diamond – $10,000
- Blue Diamond – $20,000
- Ambassador – $50,000
- Crown Ambassador – $100,000
Commissions are paid when others, straight or not directly recruited, do the identical.
Bronze and Silver Gifting
BitLocity’s Bronze and Silver tiers perform as two straight-line gifting cycler queues.
As soon as bought (both Bronze or Silver), a place within the corresponding queue is created. 100% of the Bronze or Silver membership price paid by the subsequent two recruited associates are gifted.
- the primary $25 gifted is stored
- the second $25 gifted is used to fund a gifting cost to a different BitLocity affiliate, this second cost creates a brand new place a the tip of the queue
Gold and Greater Recruitment Funds
Gold and better BitLocity membership tier recruitment commissions are paid to recruiting associates.
Minus a $10 admin price, half of every Gold and better membership price paid are used to fund a direct recruitment fee.
Word there are two exceptions to direct recruitment commissions paid out.
Recruitment commissions generated by price funds made by an affiliate’s third and tenth recruit are handed upline (the affiliate who recruited the recruiting affiliate).
In flip, recruitment commissions generated by price funds made by the third and tenth personally recruited associates cross as much as you.
Gold and Greater 3×1 Cycler Commissions
Minus a $10 admin price, BitLocity makes use of the opposite half of Gold and better affiliate membership charges paid to fund a 3×1 matrix pyramid cycler.
A 3×1 matrix locations a BitLocity affiliate on the high of a matrix, with three positions under them to fill.
These positions are stuffed as recruited associates buy BitLocity affiliate membership tiers.
The primary two stuffed positions generates a cycle fee for the affiliate on the high of the matrix.
The third place generates a fee for the upline affiliate (the affiliate who recruited the affiliate biking out of the matrix), and generates a brand new matrix cycler place for the affiliate on the high of the matrix.
Successfully associates biking out of a matrix are positioned into the matrix of whoever recruited them. This course of repeats so long as BitLocity associates proceed to buy affiliate membership tiers.
Word that every BitLocity affiliate membership tiers operates as its personal cycler tier (12 tiers whole).
Prime Recruiter Pool
BitLocity takes $5 out of each $10 admin price collected and locations it into the Prime Recruiter Pool.
Every month the Prime Recruiter Pool steadiness is break up between the corporate’s high ten recruiting associates.
- the highest recruiter in BitLocity for the month receives 20%
- the second and third high recruiters every obtain 15%
- the fourth to sixth high recruiters every obtain 10%
- the fifth to tenth high recruiters every obtain 5%
Becoming a member of BitLocity
BitLocity affiliate membership begins at $25 for Bronze.
Full participation in BitLocity’s MLM alternative prices $189,000.
Word that each one funds inside BitLocity, though quoted in USD, are paid in bitcoin.
Conclusion
BitLocity is identical outdated cash sport fashions which have been used to rip-off individuals for many years.
BitLocity combines money gifting with pyramid recruitment, with funds made in bitcoin within the hope of dodging regulators.
It is because BitLocity’s enterprise mannequin is totally unlawful within the US and in every single place else on this planet.
Mark Hamlin being from Richmond, Virginia, syncs with BitLocity at present being primarily promoted within the US.
Little question scammers in different elements of the world will ultimately skew these outcomes with their promotional efforts. South Africa being one instance. Jersey is a tiny island, no concept what’s happening there.
As with all MLM gifting pyramid hybrids, as soon as affiliate recruitment slows down so too will gifting funds and recruitment commissions.
This can ultimately result in a collapse, ensuing within the majority of BitLocity associates dropping cash.
Replace nineteenth July 2021 – Bitlocity has introduced a shit token exit-scam.