BTCvest fails to provide actual ownership or executive information on its website.
Instead, BTCvest pretends it is run by AI generated fictional identities:
In a further attempt to appear legitimate, BTCvest provides incorporation details for “Bitcoin Investment Base LTD”.
Bitcoin Investment Base LTD was incorporated in the UK on June 15th, 2022.
An MLM company operating or claiming to operate out of the UK is a red flag.
UK incorporation is dirt cheap and effectively unregulated. On top of that the FCA, the UK’s top financial regulator, do not actively regulate MLM related securities fraud.
As a result the UK is a favored jurisdiction for scammers looking to incorporate, operate and promote fraudulent companies.
For the purpose of MLM due-diligence, incorporation in the UK or registration with the FCA is meaningless.
As to who’s actually running BTCvest, the official “company presentation” is titled in Chinese:
This suggests BTCvest’s owner is in or at the very least has ties to China. This could possibly extend to south-east Asia.
BTCvest’s website domain (“btcvest.io”), was privately registered on October 9th, 2022.
Despite existing for only a few months at best, on its website BTCvest falsely claims it “started” in 2019.
In 2019, we started our activity by creating a farm in Armenia to develop the cryptocurrency farm.
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.
BTCvest’s Products
BTCvest has no retailable products or services.
Affiliates are only able to market BTCvest affiliate membership itself.
BTCvest’s Compensation Plan
BTCvest affiliates invest funds on the promise of an advertised return:
- invest $500 and receive 3% a month
- invest $1000 and receive 4% a month
Note that although returns are calculated monthly, BTCvest pays a daily return based on this amount.
BTCvest pays returns out for two years, after which reinvestment is required to continue earning.
The MLM side of BTCvest pays on recruitment of affiliate investors.
Referral Commissions
BTCvest affiliates earn a 5% commission on funds invested by personally recruited affiliates.
Residual Commissions
BTCvest pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
BTCvest tallies up new investment volume across the binary team each day.
Affiliates are paid 8% of every $1000 matched on both sides of the binary team ($80).
One match is referred to as a “balance”. BTCvest affiliates can earn up to 25 balances daily ($2000).
Award Plan
The Award Plan allows BTCvest affiliates to earn an additional percentage on generated downline investment:
- generate $50,000 to $99,999 in monthly downline investment and receive 2% of the invested amount
- generate $100,000 to $199,999 in monthly downline investment and receive 3% of the invested amount
- generate $200,000 to $499,999 in monthly downline investment and receive 4% of the invested amount
- generate $500,000 to $999,999 in monthly downline investment and receive 5% of the invested amount
- generate $1,000,000 or more in monthly downline investment and receive 6% of the invested amount
Joining BTCvest
BTCvest affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $500 investment.
BTCvest Conclusion
BTCvest represents ROI revenue is generated via cryptocurrency mining.
In 2019, we started our activity by creating a farm in Armenia to develop the cryptocurrency farm. During these years, we were able to make significant growth.
Currently, the size of our cryptocurrency mining farm is 20,000 M2, in which we use potent generators for our electricity consumption.
No evidence of mining revenue being used to pay affiliates is provided. About as far as BTCvest goes is providing stock footage of crypto mining operations from who knows where.
In summary; BTCvest is run by someone who speaks Chinese, hides behind AI generated fictional executives, and uses stock footage to pretend they’re crypto mining.
In other words, BTCvest is your typical MLM crypto Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BTCvest of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.