BitMonsters operates in the cryptocurrency MLM niche.
The company doesn’t provide a corporate address on its website. “China Hong Kong” appears on BitMonsters’ website footer however, suggesting ties to south-east Asia.
This conflicts with BitMonsters’ website Terms and Conditions, which states;
BitMonsters (SV) Ltd is incorporated in St. Vincent & the Grenadine.
Be it shell companies in Hong Kong or St. Vincent & the Grenadine, both are meaningless with respect to MLM due-diligence.
What isn’t meaningless is BitMonsters’ ties to Dubai:
BitMonsters is headed up by CEO Louis Casper Dünweber (right).
Dünweber’s BitMonsters corporate bio describes him as a “millionaire businessman”. I wasn’t able to verify that claim.
In fact I wasn’t able to verify much about Dünweber. He appears to have wealth of unknown origin and spends most of his time posting photos on Instagram.
There’s a strong possibility Dünweber is a Boris CEO.
SimilarWeb currently tracks 81% of BitMonsters website as originating from Ukraine.
Dünweber is believed to be a UK citizen. Or at the very least has spent a considerable amount of his life there.
Not surprisingly, Dünweber is also based out of Dubai:
Dubai is the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to BitMonsters, read on for a full review.
BitMonsters has no retailable products or services.
Affiliates are only able to market BitMonsters affiliate membership itself.
BitMonsters’ Compensation Plan
BitMonsters affiliates invest USD equivalents in tether (USDT) or bitcoin (BTC).
This is done on the promise of an advertised daily return:
- Falcon – invest $100 to $1000 and receive a daily ROI for 38 weeks
- Starship – invest $1001 to $5000 and receive a daily ROI for 40 weeks
- SpaceX – invest $5001 to $10,000 and receive a daily ROI for 44 weeks
- Super Heavy – invest $10,001 to $50,000 and receive a daily ROI for 48 weeks
- BitMonster – invest $50,001 to $100,000 and receive a daily ROI for 52 weeks
The MLM side of BitMonsters pays on recruitment of affiliate investors.
BitMonsters Affiliate Ranks
There are seventeen affiliate ranks within BitMonsters’ compensation plan.
Along with their respective qualification criteria, they are as follows:
- Rank 1 – invest $100 or more
- Rank 2 – maintain an active investment and generate $5000 in downline investment volume
- Rank 3 – maintain an active investment and generate $10,000 in downline investment volume
- Rank 4 – invest $500 or more and generate $20,000 in downline investment volume
- Rank 5 – invest $1000 or more and generate $50,000 in downline investment volume
- Rank 6 – invest $2000 or more and generate $100,000 in downline investment volume
- Rank 7 – invest $5000 or more and generate $200,000 in downline investment volume
- Rank 8 – invest $10,000 or more and generate $500,000 in downline investment volume
- Rank 9 – invest $15,000 or more and generate $1,000,000 in downline investment volume
- Rank 10 – invest $20,000 or more and generate $2,500,000 in downline investment volume
- Rank 11 – invest $30,000 or more and generate $5,000,000 in downline investment volume
- Rank 12 – invest $50,000 or more and generate $10,000,000 in downline investment volume
- Rank 13 – invest $70,000 or more and generate $25,000,000 in downline investment volume
- Rank 14 – invest $100,000 or more and generate $50,000,000 in downline investment volume
- Rank 15 – maintain an active $100,000 investment and generate $75,000,000 in downline investment volume
- Rank 16 – maintain an active $100,000 investment and generate $100,000,000 in downline investment volume
- Rank 17 – maintain an active $100,000 investment and generate $200,000,000 in downline investment volume
Note that for Ranks 2 to 5, up to 50% of required downline investment can come from any one unilevel team leg.
- for Rank 6 this decreases to up to 45% from two legs and up to 10% from a third
- Rank 7 is up to 40% from two legs and up to 20% from a third
- Rank 8 is up to 35% from two legs, up to 20% from a third and up to 10% from a fourth
- Ranks 9 is up to 25% from two legs, 20% from a third and 15% from a fourth and fifth
BitMonsters pays a referral commission on cryptocurrency invested by personally recruited affiliates.
- Rank 1 affiliates earn 5%
- Rank 2 affiliates earn 8%
- Rank 3 affiliates earn 11%
- Rank 4 affiliates earn 14%
- Rank 5 affiliates earn 16%
- Rank 6 affiliates earn 18%
- Rank 7 affiliates earn 19.5%
- Rank 8 affiliates earn 21%
- Rank 9 affiliates earn 22.5%
- Rank 10 affiliates earn 24%
- Rank 11 affiliates earn 25%
- Rank 12 affiliates earn 26%
- Rank 13 affiliates earn 27%
- Rank 14 affiliates earn 28%
- Rank 15 affiliates earn 29%
- Rank 16 affiliates earn 30%
- Rank 17 affiliates earn 31%
BitMonsters pays a 31% commission on all cryptocurrency invested into the company.
This begins with a referral commission, paid out as per “Referral Commissions” above.
Residual commissions are paid as the difference between 31% and referral commissions paid to lesser ranked downline affiliates.
BitMonsters tracks referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
To illustrate residual commissions, we’ll use the example of a downline Rank 6 affiliate, placed below you in the unilevel team, recruiting a new affiliate who invests.
The Rank 6 affiliate receives their 18% referral commission. This still leaves 13% to be paid out as a residual commission to upline higher ranked affiliates.
Let’s say you are Rank 14 and all affiliates between you and the Rank 6 affiliate are ranked lower than Rank 6.
In this scenario you’d receive a 10% residual commission (your 28% Rank 14 rate minus the 18% already paid out).
This still leaves 3% to be paid out (31% minus the 28% thus far paid out). This amount would be paid further upline in the unilevel team to a Rank 15 or higher ranked affiliate. It can be multiple affiliates if a Rank 15 was found first, then a Rank 16 and finally a Rank 17.
Note that whenever a Rank 17 affiliate recruits a new affiliate or receives a residual commission, they receive the full 31% amount or what’s left up to 31%.
Nothing is ever passed up from a Rank 17 getting paid.
BitMonsters’ compensation plan details a Matching Bonus ranging from “10% to 3%”.
Specific details are not provided.
Rank Achievement Bonus
BitMonsters rewards affiliates for qualifying at Rank 6 and higher with the following one-time Rank Achievement Bonuses:
- qualify at Rank 6 and receive an iPhone or 1000 USDT
- qualify at Rank 7 and receive a MacBook or 2000 USDT
- qualify at Rank 8 and receive “Yacht Leadership in Dubai”
- qualify at Rank 9 and receive a Rolex Daytona
- qualify at Rank 10 and receive an Audi RS 6 or 100,000 USDT
- qualify at Rank 11 and receive an apartment or 200,000 USDT
- qualify at Rank 12 and receive a Ferrari California or 350,000 USDT
- qualify at Rank 13 and receive a Rolls Royce Phantom or 500,000 USDT
- qualify at Rank 14 and receive a “Villa on Bali” or 1,000,000 USDT
- qualify at Rank 15 and receive a yacht or 4,000,000 USDT
- qualify at Rank 16 and receive a villa in Dubai or 10,000,000 USDT
- qualify at Rank 17 and receive a private jet or 20,000,000 USDT
BitMonsters affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $100 investment, paid in tether or bitcoin.
BitMonsters is your typical MLM Dubai Ponzi scheme:
- questionable CEO, not an actor but unlikely to be actually running the company
- ties to Russia/Ukraine
- “we generate external revenue via trading”
On that last point, it should be emphasised that “trading results” provided by MLM companies
- is not evidence of external revenue being used to pay withdrawals; and
- is not a substitute for audited financial reports filed with financial regulators.
The latter is a requirement for any MLM company offering a passive investment scheme.
BitMonsters falls into that category. And by failing to register with financial regulators and provide audited financial reports, at a minimum, BitMonsters is committing securities fraud.
BitMonsters’ representation that a shell company incorporation in Hong Kong legalizes investment fraud is nonsense:
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BitMonsters of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
While the company solicits investment in tether and bitcoin, BitMonsters’ exit-scam of choice is “bitmonsters token”.
The BitMonsters native token, to be released in the coming days, will be usable across the ecosystem and act as the means to deliver rewards.
You know the drill. Bitcoin and tether comes out, worthless bitmonsters token is paid to investors.
Cue the inevitable exit-scam and everyone is left bagholding yet another worthless Ponzi token.