GainBTT gives no data on its web site about who owns or runs the corporate.
GainBTT’s web site area (“gainbtt.io”), was privately registered on Could twenty fourth, 2021.
In an try to look respectable, GainBTT’s gives fundamental UK incorporation particulars for GainBTT LTD.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is dust low-cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Because of this the UK is a popular jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
Alexa at the moment ranks high sources of site visitors to GaintBTT’s web site as India (36%) and Sri Lanka (31%).
There’s a excessive chance whoever is operating GainBTT is from one or each of those nations.
The language GainBTT’s web site would seem to assist this:
GainBTT is a finest skilled individuals’s group the place they will construct social plateform and provides finest alternative to you & your profession.
GainBTT additionally makes use of the time period “crores” in its advertising:
A crore denotes ten million. The denomination is predominantly utilized in India however can be frequent in surrounding nations.
As at all times, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and arduous about becoming a member of and/or handing over any cash.
GainBTT’s Merchandise
GainBTT has no retailable services or products.
Associates are solely in a position to market GainBTT affiliate membership itself.
GainBTT’s Compensation Plan
GainBTT associates make investments BitTorrent Token (BTT), on the promise of marketed returns:
- make investments 2250 BTT and obtain 225%
- make investments 4500 BTT and obtain 250%
- make investments 9000 BTT and obtain 270%
- make investments 45,000 BTT and obtain 300%
- make investments 90,000 BTT and obtain 360%
GainBTT represents returns are paid every day between 1% to 10%, till the above caps are reached.
The MLM facet of GainBTT pays on recruitment of affiliate buyers.
Referral Commissions
GainBTT associates earn 25% of BTT invested by personally recruited associates.
Residual Commissions
GainBTT pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary group, cut up into two sides (left and proper):
The primary stage of the binary group homes two positions. The second stage 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 stage housing twice as many positions because the earlier stage.
Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary group can develop.
Residual commissions are paid as 10% of invested funds on either side of the binary group.
Word that the primary residual fee paid out is a 2:1 matching ratio.
I.e. for a GainBTT affiliate’s first residual fee run, there have to be double the quantity matched on one facet of the binary group.
E.g. $10 on one facet matched with $20 on the opposite facet. $20 matched with $40 on the opposite facet and so on.
After that first run, matched funds are matched 1:1 on each binary group sides.
Supervisor Bonus
GainBTT associates who’ve 5 hundred associates on either side of their binary group, earn a bonus 3% residual fee fee.
That is known as qualifying at Supervisor.
To retain Supervisor qualification, a GainBTT affiliate should recruit associates who make investments not less than 40 SH factors every week.
For a proof of SH factors, consult with “rewards” beneath.
Rewards
GainBTT rewards associates with bonus BTT after they attain binary group funding milestones.
These milestones are tracked by way of invested packages and “SH factors”:
- a 2250 BTT funding generates 1 SH level
- a 4500 BTT funding generates 2 SH factors
- a 9000 BTT funding generates 4 SH factors
- a forty five,000 BTT funding generates 20 SH factors
- a 90,000 BTT funding generates 40 SH factors
Rewards qualification standards sees SH factors tallied up on either side of the binary group:
- generate 4 SH factors on either side of the binary group and obtain 450 BTT
- generate 20 SH factors on either side of the binary group and obtain 1800 BTT
- generate 40 SH factors on either side of the binary group and obtain 3600 BTT
- generate 200 SH factors on either side of the binary group and obtain 18,000 BTT
- generate 400 SH factors on either side of the binary group and obtain 72,000 BTT
- generate 2000 SH factors on either side of the binary group and obtain 360,000 BTT
- generate 4000 SH factors on either side of the binary group and obtain 1,800,000 BTT
- generate 20,000 SH factors on either side of the binary group and obtain 3,600,000 BTT
- generate 40,000 SH factors on either side of the binary group and obtain 10,000,000 BTT
- generate 100,000 SH factors on either side of the binary group and obtain 50,000,000 BTT
Becoming a member of GainBTT
GainBTT affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal 2250 BTT funding.
GainBTT solicits funding by way of an in home app.
Conclusion
GainBTT is a straightforward MLM crypto Ponzi scheme.
Associates join and make investments BitTorrent Token. That is executed on the promise of marketed returns:
GainBTT has no verifiable income aside from new funding. It’s the usage of this new funding to pay returns that makes GainBTT a Ponzi scheme.
The MLM facet of GainBTT recycles invested fund to pay recruitment commissions, including a pyramid layer to the scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve GainBTT of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.
It’s famous that the present iteration of GainBTT is being marketed as “2.0”:
This implies the unique GainBTT Ponzi mannequin already collapsed. That is noteworthy, seeing because the scheme itself is only some months outdated.
Replace twenty ninth January 2022 – GainBTT has collapsed once more.
On the time of this replace GainBTT’s web site has been pulled offline. A reader within the feedback beneath has suggested the corporate’s app can be now not working.