BoldGains Worldwide supplies no data on its web site about who owns or runs the corporate.
BoldGains Worldwide supplies a company tackle in Dubai on its web site.
Owing to it being the MLM rip-off capital of the world, Dubai is a favourite jurisdiction of scammers.
Hidden in BoldGains Worldwide’s web site source-code is a telephone quantity with a UAE nation code:
Along with Dubai, BoldGains has ties to to Nigeria.
Many of the on-line advertising for BoldGains Worldwide is concentrated on Nigeria. Alexa additionally ranks Nigeria as the highest supply of site visitors to BoldGains Worldwide’s web site (91%).
As all the time, if an MLM firm just isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
BoldGains Worldwide’s Merchandise
BoldGains Worldwide has no retailable services or products.
There’s a “merchandise” part on BoldGains Worldwide’s web site. The one product described is “folic acid drops with mango & goji berries”.
No pricing is supplied.
BoldGains Worldwide’s on-line storefront is empty:
As I perceive it bodily merchandise are bundled with BoldGains Worldwide affiliate membership.
These seem like dietary dietary supplements and private care merchandise of unknown origin.
BoldGains Worldwide Compensation Plan
BoldGains associates join and pay a membership payment:
- Discovery – $30
- Silver – $60
- Gold – $120
- Sapphire – $600
- Emerald – $1200
- Diamond – $2400
Commissions are paid once they recruit others who do the identical.
BoldGains Worldwide Affiliate Ranks
There are eleven affiliate ranks inside BoldGains Worldwide’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – join as a BoldGains Worldwide affiliate and pay a bundle payment
- Daring Chief – earn $5000 in amassed commissions
- Distinguished Chief – earn $10,000 in amassed commissions
- Director – earn $20,000 in amassed commissions
- Government Director – earn $50,000 in amassed commissions
- Daring Diamond – earn $100,000 in amassed commissions
- Government Daring Diamond – earn $200,000 in amassed commissions
- BoldGains Ambassador – earn $500,000 in amassed commissions
- Daring International Elite – earn $800,000 in amassed commissions
- Daring President – earn $1,000,000 in amassed commissions
- Legendary International Daring Elite – earn $2,000,000 in amassed commissions
Every day Returns
BoldGains associates obtain a $1 a day ROI.
The day by day ROI is paid till the affiliate has obtained 100% of their membership payment paid in.
Notice that the day by day return stability can solely be used to buy a brand new BoldGains Worldwide affiliate bundle place.
Direct Recruitment Commissions
BoldGains Worldwide associates earn commissions on recruitment of recent associates.
Recruitment fee charges are decided by how a lot the recruited and recruiting affiliate spent on membership.
- Discovery tier associates earn $5.75 on recruitment of a Discovery affiliate, $6.5 on recruitment of a Silver, $8 on recruitment of a Gold, $20 on recruitment of a Sapphire, $30 on recruitment of an Emerald and $40 on recruitment of a Diamond
- Silver tier associates earn $7 on recruitment of a Discovery affiliate, $15 on recruitment of a Silver, $17 on recruitment of a Gold, $42.50 on recruitment of a Sapphire, $55 on recruitment of an Emerald and $100 on recruitment of a Diamond
- Gold tier associates earn $7 on recruitment of a Discovery affiliate, $15 on recruitment of a Silver, $35 on recruitment of a Gold, $80 on recruitment of a Sapphire, $100 on recruitment of an Emerald and $180 on recruitment of a Diamond
- Sapphire tier associates earn $7 on recruitment of a Discovery affiliate, $15 on recruitment of a Silver, $35 on recruitment of a Gold, $175 on recruitment of a Sapphire, $200 on recruitment of an Emerald and $300 on recruitment of a Diamond
- Emerald tier associates earn $7 on recruitment of a Discovery affiliate, $15 on recruitment of a Silver, $35 on recruitment of a Gold, $175 on recruitment of a Sapphire, $400 on recruitment of an Emerald and $500 on recruitment of a Diamond
- Diamond tier associates earn $7 on recruitment of a Discovery affiliate, $15 on recruitment of a Silver, $35 on recruitment of a Gold, $175 on recruitment of a Sapphire, $400 on recruitment of an Emerald and $800 on recruitment of a Diamond
Recruitment commissions are additionally paid when lesser ranked associates improve to greater value tiers.
Coded Recruitment Bonuses
Diamond tier recruitment charges are the utmost paid every time a brand new BoldGains affiliate is recruited.
- $7 on recruitment of a Discovery affiliate
- $15 on recruitment of a Silver affiliate
- $35 on recruitment of a Gold affiliate
- $175 on recruitment of a Sapphire affiliate
- $800 on recruitment of a Diamond affiliate
When an affiliate ranked decrease than Diamond recruits a brand new affiliate, they obtain their corresponding recruitment fee (as per “Direct Recruitment Commissions” above).
What’s left, based mostly on the Diamond recruitment charges above, is paid upline to greater ranked associates.
E.g. A Discovery tier affiliate recruits a Sapphire affiliate.
The Discovery affiliate is paid their $20 Sapphire recruitment fee. The total Sapphire recruitment fee (on the Diamond tier) is $175.
$175 minus $20 paid out leaves $155 nonetheless to pay out.
The system searches upline from the Discovery affiliate for a Silver or greater ranked affiliate to pay the remaining $155 out to.
If a Silver affiliate was discovered upline first, they’d obtain their Sapphire recruitment fee charge, minus the quantity already paid out to the Discovery affiliate.
That is $42.50 minus $20, so $22.50.
Of the $155 to pay out, $42.50 has now been paid out, leaving $112.50 to pay out.
The system searches additional upline for a Gold or greater ranked affiliate to pay the remaining $112.50 to.
If at any time a Diamond ranked affiliate is discovered, they mechanically obtain the excellent Coded Bonus and the system stops looking.
Additionally by advantage of Diamond tier associates all the time receiving the utmost payable fee quantity, nothing is handed up as a Coded Bonus once they recruit a brand new affiliate.
Residual Commissions
BoldGains Worldwide pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary group, break up into two sides (left and proper):
The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary group are crammed through direct and oblique recruitment of associates. Notice there isn’t any restrict to how deep a binary group can develop.
Every BoldGains Worldwide affiliate bundle generates enterprise quantity (BV) throughout the binary group:
- recruitment of a Discovery affiliate = 25 BV
- recruitment of a Silver affiliate = 50 BV
- recruitment of a Gold affiliate = 100 BV
- recruitment of a Sapphire affiliate = 500 BV
- recruitment of an Emerald affiliate = 1000 BV
- recruitment of a Diamond affiliate = 2000 BV
On the finish of every day BoldGains Worldwide tallies up new BV throughout either side of the binary group.
Residual commissions are paid as 18.8% of generated BV, matched based mostly on crammed positions.
One recruited affiliate on one aspect of the binary group matched with a recruited affiliate on the opposite aspect of the binary group is known as a “pair”.
- Discovery tier associates earn $4.70 per pair, capped at 20 pairs a day
- Silver tier associates earn as much as $9.40 per paid, capped at 48 pairs a day
- Gold tier associates earn as much as $18.80 per pair, capped at 142 pairs a day
- Sapphire tier associates earn as much as $94 per pair
- Emerald tier associates earn as much as $188 per pair
- Diamond tier associates earn as much as $376 per pair
Notice that an affiliate’s bundle tier decided the utmost they earn per pair.
E.g. Gold tier associates earn $4.70 per Discovery pair discovered of their binary group, $9.40 per Silver pair and $18.80 per Gold and better tier pair.
Additionally notice that associates recruited into the binary group can solely be matched to kind a pair as soon as.
Rank Achievement Bonus
BoldGains Worldwide rewards associates who qualify at Daring Chief and better with the next Rank Achievement Bonuses:
- qualify at Daring Chief and obtain $200
- qualify at Distinguished Chief and obtain $500
- qualify at Director and obtain $1000
- qualify at Government Director and obtain an “worldwide journey”
- qualify at Daring Diamond and obtain a “totally paid worldwide holyday” [sic]
- qualify at Government Daring Diamond and obtain a “automobile”
- qualify at BoldGains Ambassador and obtain an “government automobile”
- qualify at Daring President and obtain an house
- qualify at Legendary International Daring Elite and obtain a villa
Yearly Bonus
BoldGains Worldwide’s compensation documentation references a “Yearly Bonus”.
On the time of publication specifics of the Yearly Bonus aren’t supplied.
Becoming a member of BoldGains Worldwide
BoldGains Worldwide affiliate membership is tied to the acquisition of a bundle:
- Discovery – $30
- Silver – $60
- Gold – $120
- Sapphire – $600
- Emerald – $1200
- Diamond – $2400
The first distinction between the packages is earnings potential.
BoldGains Worldwide Conclusion
BoldGains Worldwide features as each a pyramid and Ponzi scheme.
The pyramid scheme exists by means of 100% of commissions BoldGains Worldwide pays out being tied to recruitment.
The 1% a day ROI constitutes a Ponzi scheme. Sometimes we see MLM Ponzi schemes run main to a pyramid scheme. In BoldGains Worldwide nonetheless it’s the opposite manner round.
The Ponzi scheme feeds again into the pyramid scheme. It’s because returns paid out are digital and used to fund new monopoly cash pyramid scheme positions.
Such to the extent BoldGains has merchandise, they exist solely to additional pyramid recruitment.
Bundling merchandise with BoldGains Worldwide affiliate membership doesn’t change the very fact it’s a pyramid scheme. You’re paying a payment to earn commissions on recruitment of recent members’ membership charges.
This is called a “product-based pyramid scheme”. Whereby merchandise exist, however solely to lend pseudo legitimacy to what’s in any other case a fraudulent enterprise mannequin.
Pay to play, i.e. greater priced BoldGains Worldwide offering greater fee charges, can also be one other signal of pyramid fraud.
As with all MLM pyramid schemes, as soon as affiliate recruitment dries up so too will commissions.
That is inevitable and as a result of math behind pyramid schemes.
Authorities in Dubai couldn’t care much less about Africans getting scammed. Neither is Nigeria identified for punctual regulation of scams.
You’re by yourself should you signal as much as lose cash in BoldGains Worldwide.