BitLocity provides no information on its website about who owns or runs the business.
BitLocity’s website domain (“bitlocity.io”) was privately registered on October 28th, 2020.
As per current Alexa estimates, the top three sources of traffic to Bitlocity’s website are the US (42%), Jersey (11%) and South Africa (6%).
On the official BitLocity Vimeo channel linked from their website, there’s a video titled “Team Update November 24, 2020”.
The video features Mark Hamlin, discussing “our involvement” in Qtrex. Qtrex being a bitcoin Ponzi pyramid hybrid launched a few months back.
Based on Hamlin’s comments in the video, Qtrex has collapsed (“Qtrex is over”). After Qtrex Hamlin began hosting corporate BitLocity webinars:
Hamlin (right) refers to BitLocity as a “better mouse trap” than Qtrex.
Today we’re gonna introduce you, we’re gonna give you just a taste of what we have created as a leadership team.
If you need to get something done right, you need to do it yourself. So that’s exactly what we’ve done ladies and gentlemen.
We’re very excited to introduce to you our new project ladies and gentlemen, that we have developed.
What follows is a pitch for BitLocity’s “founders club”. He refers to the company in the possessive.
In addition to Qtrex, other scams Mark Hamlin has promoted include Forsage and WeShare Crowdfunding.
Based on his recent social media posts, Hamlin appears to be knee-deep in crypto investment fraud:
I didn’t sit through every video uploaded to BitLocity’s Vimeo channel. In the videos I did skim through, Hamlin didn’t disclose who he’s working with.
In some videos Hamlin introduces another speaker, only referred to as “Brian”.
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.
BitLocity’s Products
BitLocity has no retailable products or services, with affiliates only able to market BitLocity affiliate membership itself.
BitLocity’s Compensation Plan
BitLocity affiliates purchase membership tiers in bitcoin (prices 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, directly or indirectly recruited, do the same.
Bronze and Silver Gifting
BitLocity’s Bronze and Silver tiers function as two straight-line gifting cycler queues.
Once purchased (either Bronze or Silver), a position in the corresponding queue is created. 100% of the Bronze or Silver membership fee paid by the next two recruited affiliates are gifted.
- the first $25 gifted is kept
- the second $25 gifted is used to fund a gifting payment to another BitLocity affiliate, this second payment creates a new position a the end of the queue
Gold and Higher Recruitment Payments
Gold and higher BitLocity membership tier recruitment commissions are paid to recruiting affiliates.
Minus a $10 admin fee, half of each Gold and higher membership fee paid are used to fund a direct recruitment commission.
Note there are two exceptions to direct recruitment commissions paid out.
Recruitment commissions generated by fee payments made by an affiliate’s third and tenth recruit are passed upline (the affiliate who recruited the recruiting affiliate).
In turn, recruitment commissions generated by fee payments made by the third and tenth personally recruited affiliates pass up to you.
Gold and Higher 3×1 Cycler Commissions
Minus a $10 admin fee, BitLocity uses the other half of Gold and higher affiliate membership fees paid to fund a 3×1 matrix pyramid cycler.
A 3×1 matrix places a BitLocity affiliate at the top of a matrix, with three positions below them to fill.
These positions are filled as recruited affiliates purchase BitLocity affiliate membership tiers.
The first two filled positions generates a cycle commission for the affiliate at the top of the matrix.
The third position generates a commission for the upline affiliate (the affiliate who recruited the affiliate cycling out of the matrix), and generates a new matrix cycler position for the affiliate at the top of the matrix.
Effectively affiliates cycling out of a matrix are placed into the matrix of whoever recruited them. This process repeats as long as BitLocity affiliates continue to purchase affiliate membership tiers.
Note that each BitLocity affiliate membership tiers operates as its own cycler tier (12 tiers total).
Top Recruiter Pool
BitLocity takes $5 out of every $10 admin fee collected and places it into the Top Recruiter Pool.
Each month the Top Recruiter Pool balance is split between the company’s top ten recruiting affiliates.
- the top recruiter in BitLocity for the month receives 20%
- the second and third top recruiters each receive 15%
- the fourth to sixth top recruiters each receive 10%
- the fifth to tenth top recruiters each receive 5%
Joining BitLocity
BitLocity affiliate membership starts at $25 for Bronze.
Full participation in BitLocity’s MLM opportunity costs $189,000.
Note that all payments within BitLocity, although quoted in USD, are paid in bitcoin.
Conclusion
BitLocity is the same old money game models that have been used to scam people for decades.
BitLocity combines cash gifting with pyramid recruitment, with payments made in bitcoin in the hope of dodging regulators.
This is because BitLocity’s business model is completely illegal in the US and everywhere else in the world.
Mark Hamlin being from Richmond, Virginia, syncs with BitLocity currently being primarily promoted in the US.
No doubt scammers in other parts of the world will eventually skew these results with their promotional efforts. South Africa being one example. Jersey is a tiny island, no idea what’s going on there.
As with all MLM gifting pyramid hybrids, once affiliate recruitment slows down so too will gifting payments and recruitment commissions.
This will eventually lead to a collapse, resulting in the majority of BitLocity affiliates losing money.
Update 19th July 2021 – Bitlocity has announced a shit token exit-scam.