BNBStaker provides no information on its website about who owns or runs the company.
BNBStaker’s website domain (“stakebnb.fun”), was privately registered through a Russian registrar on March 10th, 2022.
In addition to BNBStaker’s apparent ties to Russia, the company’s official Twitter profile is packed with Chinese Fiverr style promo videos:
Some Twitter posts from BNBStaker are also in Chinese:
This suggests BNBStaker has additional ties to China, possibly through Singapore.
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.
BNBStaker has no retailable products or services.
Affiliates are only able to market BNBStaker affiliate membership itself.
BNBStaker’s Compensation Plan
BNBStaker affiliates invest $10 or more worth of cryptocurrency. This is done on the promise of advertised return rates.
Return rates are determined by how long an affiliate invests for:
- invest for 7 days and receive a 126% ROI
- invest for 15 days and receive a 150% ROI
- invest for 30 days and receive a 240% ROI
Note that BNBStaker charges a 10% fee on withdrawals.
BNBStaker pays 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.
BNBStaker caps payable unilevel team levels at five.
Referral commissions are paid as a percentage of cryptocurrency invested across these five levels as follows:
- level 1 (personally recruited affiliates) – 5%
- level 2 – 2%
- levels 3 to 5 – 1%
BNBStaker affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $10 investment in cryptocurrency.
BNBStaker is your typical smart-contract Ponzi scheme.
The smart contract code has successfully passed the official audit with no bugs or errors, protecting your assets from all external risks.
Whether the “smart contract code” has been audited or not, BNBStaker is still a Ponzi scheme.
Recruited affiliates invest, affiliates who joined before them steal their crypto, and they then hope that people invest after them to steal from.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will leave BNBStaker unable to pay withdrawal requests, eventually prompting a collapse.
Typically with smart-contract Ponzi schemes we see them cleaned out in one hit, usually by the admin.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.