CubeBit doesn’t present any details about who owns or runs the corporate on its web site.
On October 2nd a video titled “Cubebit Interview with the CEO” was uploaded to CubeBit’s official YouTube channel.
The video options an interview with CubeBit’s “newly appointed” CEO, Konstantin Janke.
Janke works for Huge Eye Information. Huge Eye Information is a part of Huge Eye Media, a manufacturing firm that claims it’s “devoted to offering top quality and informative content material.”
Huge Eye Media is a part of Huge Eye Company, “an audience-focused, creative-driven, full-service promoting company”.
A Huge Eye promo precedes Janke’s CubeBit CEO video interview, so it appears a part of their providing is producing pretend CEO movies.
Janke seems to have been employed to play CEO following the appointment of CubeBit’s unique CEO, a Fivver gig:
Interviewing Janke is CubeBit’s Grasp World Ambassador, Romel Gumiran.
Gumiran is an precise particular person. Along with Grasp World Ambassador Gumiran can be the sole officer of CubeBit Enterprise Options, a UK shell firm integrated in Could.
As per the shell incorporation, Gumiran is Filipino however resides in Norway (this may clarify the Janke actor’s accent). On Fb nonetheless Gumiran’s latest posts function photographs shot in Dubai.
CubeBit’s official Fb web page is managed from Albania (this may also clarify the Janke actor’s accent), Brazil and the Philippines.
On his LinkedIn profile, Gumiran pitches himself as
a system guide at Nexus chain, specializing in creating Token, Cryptocurrency coin, Buying and selling platform for Cryptocurrency and MLM software program for MLM startup Firm.
Pending any additional info coming to gentle, it seems CubeBit is run by Romel Gumiran. Whether or not he’s working alone or with others is unclear.
Replace nineteenth March 2021 – Konstantin Janke has been involved to advise ‘I’m not a part of cubebit 2.0 since February 2021′. /finish replace
CubeBit’s web site area (“cubebit.io”) was first registered in 2018. The personal registration was final up to date on April sixteenth, 2020.
By way of the Wayback Machine it seems CubeBit’s present web site didn’t go dwell till after the April replace. This means CubeBit’s proprietor(s) acquired the area in April, 2020.
Alexa at the moment ranks Pakistan as the one vital supply of visitors to CubeBit’s web site (92%).
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
CubeBit’s Merchandise
CubeBit has no retailable services or products, with associates solely capable of market CubeBit affiliate membership itself.
CubeBit’s Compensation Plan
CubeBit’s compensation plan might be damaged up into CubeBit recruitment commissions and numerous different aspect schemes.
Recruitment commissions are tied to recruitment of both Lite or Elite CubeBit associates.
- CubeBit Lite affiliate membership prices €49 EUR
- CubeBit Elite affiliate membership prices €299 EUR
I’ve detailed CubeBit’s recruitment commissions under. Facet schemes, together with AdCube and CubeBot, are detailed beneath their very own respective headers.
CubeBit Direct Recruitment Commissions
CubeBit pays a fee on recruitment of associates.
A €5 EUR fee is paid on recruitment of Lite associates. €30 EUR is paid on recruitment of Elite associates.
CubeBit Residual Commissions (binary)
A binary compensation construction locations an affiliate on the prime 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 crammed through direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary workforce can develop.
Residual commissions are paid on generated gross sales quantity throughout the binary workforce.
- Lite affiliate recruitment generates 50 BV
- Elite affiliate recruitment generates 300 BV
CubeBit pays residual commissions as much as 4 occasions a day, through convoluted time-sensitive “phases”.
- Lite associates are paid 20% of matched BV on their first section and 15% of matched BV on their second section
- Elite associates are paid 25% of matched BV on their first section and 20% of matched BV on their second section
There are two phases per day, corresponding with AM and PM timing.
Inside these phases CubeBit associates are capable of earn on two rotating pay cycles:
- Lite associates are paid on a 150/150 BV cycle after which a 300/300 BV cycle, capped at €750 EUR over section 1 and €1500 EUR over section 2
- Elite associates are paid on a 900/900 BV cycle after which a 1800/1800 BV cycle, capped at €3000 EUR over section 1 and €6000 EUR over section 2
Throughout every AM/PM section, cycle matching happens till the respective earnings cap for that section is reached.
Be aware that BV doesn’t carry over from section to section.
CubeBit Residual Commissions (2×10 matrix)
A 2×10 matrix locations a CubeBit affiliate on the prime of a matrix, with two positions straight beneath them:
These two positions kind the primary degree of the matrix. The second degree of the matrix is generated by splitting these first two positions into one other two positions every (4 positions).
Ranges three to 10 of the matrix are generated in the identical method, with every new degree housing twice as many positions.
Commissions are paid as a share of charges paid throughout these ten matrix ranges as follows:
- degree 1 (2 positions) – 10%
- degree 2 (4 positions) – 8%
- degree 3 (8 positions) – 6%
- degree 4 (16 positions) – 5%
- degree 5 (32 positions) – 5%
- degree 6 (64 positions) – 4%
- degree 7 (128 positions) – 4%
- degree 8 (256 positions) – 3%
- degree 9 (512 positions) – 3%
- degree 10 (1024 positions) – 2%
Incentive Bonus
CubeBit rewards associates for assembly set cycle rotation standards.
A cycle rotation is completion of two cycles inside a section. Whether or not rank qualification standards is met inside one section, two phases or another time interval shouldn’t be specified.
What Incentive Bonuses might be certified for are decided by how a lot a CubeBit affiliate pays in membership charges.
Lite tier associates
- full 12 cycle rotations and obtain “good telephones”
- full 30 cycle rotations and obtain a “pill”
- full 50 cycle rotations and obtain a MacBook Air laptop computer
Elite and better tier associates
- full 10 cycle rotations and obtain “absolutely paid tuition payment in London Academy of Buying and selling with diploma”
- full 40 cycle rotations and obtain a €2500 EUR journey allowance
- full 50 cycle rotations and obtain €4000 EUR as “automotive help” and/or a “absolutely paid “2020 Honda Civic Kind R”
- full 100 cycle rotations and obtain €8000 EUR as “automotive help” and/or a “absolutely paid 2020 Camaro”
- full 200 cycle rotations and obtain €20,000 EUR as “automotive help” and/or a “absolutely paid 2020 Porsche 911 Carrera S”
- full 500 cycle rotations and obtain a “absolutely paid 2020 Rolls Royce Phantom” or “2020 Lamborghini Aventador”
Management Bonus
CubeBit Elite associates have entry to the Management Bonus.
The Management Bonus is a sequence of rewards for qualifying at 1 Star Satoshi and better Elite tier unique ranks.
- qualify as a 1 Star Satoshi (full 10 cycle rotations) and obtain “1 Ballet (Silver)”
- qualify as a 2 Star Satoshi (full 20 cycle rotations) and obtain “2 Ballet (Silver”
- qualify as a 3 Star Satoshi (full 30 cycle rotations) and obtain “1 Gold, 2 Silver + Gold BTC Coin(s)”
- qualify as a 4 Star Satoshi (full 40 cycle rotations) and obtain “2 Gold & Silver + Gold BTC Coin + ring”
- qualify as a 5 Star Satoshi (full 50 cycle rotations) and obtain “5 Gold Ballet + Coin + Ring”
- qualify as a 21M Membership Satoshi (full 100 cycle rotations) and obtain “5 Gold Ballet + Coin + Ring & Bitcoin Watch (Frank Muller value of $20K)”
I’ve quoted Management Bonus rewards verbatim as a result of no explanations are supplied.
Along with the above rewards, the Management Bonus additionally pays a Jackpot and Flushout.
- 1 Star Satoshis obtain a 5% Jackpot and Flushout share
- 2 Star Satoshis obtain an 8% Jackpot and Flushout share
- 3 Star Satoshis obtain a 15% Jackpot and Flushout share
- 4 Star Satoshis obtain an 18% Jackpot and Flushout share
- 5 Star Satoshis obtain a 24% Jackpot and Flushout share
- 21M Membership Satoshis obtain a 30% Jackpot and Flushout share
Each the Jackpot and Flushout share are funded from funds coming into CubeBit.
Advert Dice
Advert Dice is an ethereum-based pyramid scheme run on a 3×9 matrix.
A 3×9 matrix locations an affiliate on the prime of a matrix, with three positions straight beneath them:
These three positions kind the primary degree of the matrix. The second degree of the matrix is generated by splitting these three positions into one other three positions every.
Ranges three to 9 of the matrix are generated in the identical method, with every new degree housing thrice as many positions because the earlier degree.
CubeBit associates buy 0.0114 ETH positions within the matrix.
A 0.0038 ETH fee is paid per subsequent matrix place bought.
With a purpose to take part absolutely within the Advert Dice part of CubeBit’s compensation plan, associates should buy at the least three Advert Dice matrix positions.
The primary Advert Dice matrix place buy pays commissions on three matrix ranges.
The second Advert Dice matrix place buy pays commissions on as much as six matrix ranges.
The third Advert Dice matrix place buy pays commissions on all 9 accessible matrix ranges.
Subsequent Advert Dice matrix place purchases proceed to pay commissions on all 9 accessible matrix ranges.
Along with matrix commissions, a 0.05 ETH fee is paid each time a personally recruited affiliate purchases a matrix place.
This fee is elevated to 0.01 ETH for CubeBit “publishers, influencers & promoters”.
CubeBot
By way of CubeBot, CubeBit associates make investments bitcoin, ethereum or ripple into “an automatic crypto buying and selling bot”.
Funding quantities and returns will not be disclosed on CubeBot’s web site.
Becoming a member of CueBit
CueBit affiliate membership is offered at 4 price-points:
- Lite – €49 EUR
- Elite – €299 EUR
- Premiere – €799 EUR
- Status – €1299
The first distinction between the tiers is the more cash spent, the upper a CubeBit affiliate’s earnings potential.
It’s unclear whether or not these affiliate membership charges are one-time or periodic.
Conclusion
Studying between the strains, CubeBit is an in-house use-case for Romel Gumiran’s flopped Nexus Chain enterprise.
As per Nexus Chain’s web site (“nexuschain.web”), the corporate gives “offshore firm registration” and “premium MLM resolution(s)”. Mainly your typical “rip-off in a field” outfit.
Nexus Chain at the moment has an Alexa web site rating of over 4 million, which for an energetic enterprise is pretty much as good as lifeless.
And so now we have CubeBit Tech. As acknowledged within the introduction of this assessment, whether or not Gumiran is working alone or with others from NexusChain is unclear.
What is obvious is each side of CubeBit, with respect to their MLM alternative, is fraudulent.
CubeBit itself is an easy pyramid scheme. You join, pay a payment and earn commissions when others are recruited who do the identical.
Being a pyramid scheme, CubeBit associates are overtly inspired to open a number of accounts:
This might after all make no sense in a professional enterprise.
Advert Dice is a pyramid scheme inside a pyramid scheme. CubeBot is your typical “buying and selling bot” Ponzi scheme.
The algorithms employed in CubeBot are based mostly on pushed stake methodology the place we employed tedious testing to establish probably the most worthwhile cryptocurrency buying and selling choices by way of automation.
That’s actually all there may be to CubeBit as an MLM firm.
Outdoors of MLM CubeBit homes the next parts:
- Dice Store – ecommerce platform
- Dice Academy – “various on-line programs”
- Dice Lab – no info supplied
- Dice Chat – no info supplied
- Dice Journey – no info supplied
- Dice Play – unlicensed playing platform (unlawful)
- Cubex – inside trade
- CPay – crypto pockets with disabled fiat withdrawals
- CTravel – low cost journey reserving portal
- Dice Portal – good contract platform
- Dice Supply – no info supplied
I didn’t hassle going into element for any of the above as they don’t have anything to do with CubeBit’s MLM providing.
CPay and Cubex look like how withdrawals are processed, and that brings us to CubeCoin.
Presently CubeBit markets with euro quantities for each funds out and in. Inside CubeBit is “CubeCoin” (CUB), an nugatory ERC-20 shit token generated on demand at little to no price.
Such to the extent that CubeBit are at the moment paying with EUR, cryptocurrency or another type of non-CUB cost, anticipate that to alter when withdrawals exceed funds coming into CubeBit.
CubeCoin can be overrated as being value one thing, when in actuality it’s simply an exit-scam software. The tip-goal can be to dump CubeCoin on CubeBit traders, and exit quietly with what’s left of invested funds.
This exit rip-off has performed out again and again throughout the MLM crypto area of interest.
On the regulatory entrance take note of these people:
Regardless of providing securities to US residents by way of CubeBot, CubeBit shouldn’t be registered with the SEC. Not withstanding pyramid schemes additionally being unlawful as per the FTC Act.
Outdoors of the US CubeBit is simply as unlawful. The corporate isn’t registered to supply securities in any jurisdiction.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies out so too will new funding.
This may starve CubeBit of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.
Replace thirty first October 2020 – After failing to seek out fault with our assessment in personal, CubeBit has publicly responded to our assessment on social media.
Replace eleventh April 2021 – CubeBit has deleted the CEO video referenced within the introduction of this assessment from their YouTube channel.
I had linked to the video however in gentle of its elimination I’ve additionally eliminated the now damaged hyperlink.