BinanceCoin 200% ROI bandwagon Ponzi


BNB Revenue gives no data on its web site about who owns or runs the corporate.

BNB Revenue’s web site area (“bnbprofit.io”) was privately registered on March 4th, 2021.

A YouTube video embedded on BNB Revenue’s web site is titled “BNB Revenue Presentation Zoom with Jose 4-13-2021“.

At roughly [0:53] into the video the person Jose does determine himself however I couldn’t catch his final title.

Jose thanks Andrew Curto for “inviting” him to talk on the presentation. Fortune 5, the YouTube channel internet hosting the video, has a number of movies that includes Curto.

Based on Andrew Curto’s Facecbook profile he’s primarily based out of Arizona.

Previous to BNB Revenue Curto was selling the TronCase Ponzi scheme.

As at all times, if an MLM firm will not be brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.

BNB Revenue’s Merchandise

BNB Revenue has no retailable services or products, with associates solely in a position to market BNB Revenue affiliate membership itself.

BNB Revenue’s Compensation Plan

BNB Revenue associates make investments bitcoin, tether, ethereum or binance coin (BNB) on the promise of a 2.2% day by day return.

BNB Revenue funding tiers are as follows:

  • 0.25 BNB
  • 0.5 BNB
  • 1 BNB
  • 2 BNB
  • 4 BNB
  • 8 BNB
  • 12 BNB
  • 20 BNB

BNB Earnings pays its 2.2% day by day return in BNB tokens. As soon as a 200% ROI is reached, reinvestment is required in an effort to proceed incomes.

Be aware that there’s additionally a 0.1 BNB affiliate membership tier. This tier doesn’t obtain day by day returns, it is just used to earn residual commissions (see beneath).

Residual Commissions

BNB pays residual commissions by way of a binary compensation construction.

A binary compensation construction locations an affiliate on the high of a binary workforce, cut up into two sides (left and proper):

The primary degree of the binary workforce homes two positions. The second degree of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary workforce are generated as required, with every new degree housing twice as many positions because the earlier degree.

Positions within the binary workforce are stuffed by way of direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary workforce can develop.

On the finish of every day BNB Revenue tallies up new funding quantity on each side of the binary workforce.

Associates are paid a proportion of funds invested throughout their weaker binary workforce facet.

Residual fee charges are decided by how a lot a BNB Revenue affiliate has invested:

  • make investments 0.1 BNB and obtain a 3% residual fee fee
  • make investments 0.25 BNB and obtain a 4% residual fee fee
  • make investments 0.5 BNB and obtain a 5% residual fee fee
  • make investments 1 BNB and obtain a 6% residual fee fee
  • make investments 2 BNB and obtain a 7% residual fee fee
  • make investments 4 BNB and obtain an 8% residual fee fee
  • make investments 8 BNB and obtain a ten% residual fee fee
  • make investments 12 BNB and obtain a 12% residual fee fee
  • make investments 20 BNB and obtain a 15% residual fee fee

As soon as paid out on, quantity is matched towards the stronger binary workforce facet and flushed.

Any leftover quantity on the stronger binary workforce facet carries over.

Becoming a member of BNB Revenue

Fundamental BNB Revenue affiliate membership is 0.5 BNB.

Full participation within the hooked up revenue alternative requires an preliminary 0.25 to twenty BNB funding.

BNB Revenue solicits funding in bitcoin, tether, ethereum and binance coin.

Conclusion

BNB Revenue represents it generates exterior income by “automated layered farming”.

What’s automated layered farming? Glad you requested!

It is possible for you to to earn 2.2% every single day over the quantity utilized by the automated farming service, which makes use of the premise of Swap (decentralized commerce of crypto-assets) and Yield Farming (utility of belongings in long-term “swimming pools”) making certain success to the functions of our purchasers!

Nonetheless confused? It doesn’t matter. Automated layered farming is simply one other crypto bro bullshit time period.

It doesn’t imply something and has nothing to do with how BNB Revenue pays returns.

The one verifiable income coming into BNB Revenue is new funding. All the corporate is doing is recycling new funding to pay current associates a return.

Mentioned return seems in affiliate backoffices, it doesn’t exist till its withdrawn.

Withdrawals are paid with beforehand invested BNB, making BNB Revenue a Ponzi scheme.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.

It will starve BNB Revenue of ROI income, finally prompting a collapse. The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of members lose cash.

 

Replace thirty first August 2021 – BNB Revenue seems to have collapsed.

Associates begun reporting non-payment from roughly June 2021. BNB Revenue’s Telegram assist account was deserted across the similar time.

On the time of publication BNB Revenue’s web site continues to be up, nonetheless withdrawals stay unpaid since June.

Complete BNB Revenue affiliate investor losses are unknown.