Meta Bounty Hunters supplies no info on its web site about who owns or runs the corporate.
Meta Bounty Hunters’ web site area (“metabountyhunters.io”), was privately registered on November thirtieth, 2021.
Within the FAQ part of Meta Bounty Hunters’ web site, we study
MBH Group has secured an unique settlement with Calli.Finance, a digital asset staking pool firm.
Calli.Finance is presently nothing greater than a password protected web site:
With a little bit of poking round we study Calli.Finance is an off-the-shelf web site template.
The template is named “DeFi X” and was “was designed & developed by the workforce of Webflow Specialists at BRIX Company.”
Calli Finance’s web site source-code additionally factors to “The Startup Equipment”:
The Startup Equipment is a lifeless digital advertising and marketing enterprise. On LinkedIn Matthew F. Greene (aka Matt Greene), cites himself as President of The Startup Equipment.
Greene additionally claims to be a Platinum 5000 in IM Mastery Academy. He signed up in 2016.
Getting again to Calli Finance, the corporate’s web site area was privately registered on December twelfth, 2021.
Given the proximity to registration of Meta Bounty Hunters’ area, and there clearly being no current enterprise, it follows that the identical persons are behind each.
Meta Bounty Hunters herds its associates right into a discord group, which serves as the corporate’s official channel of communication.
Replace 2nd February 2022 – It’s more and more wanting like Meta Bounty Hunters is an iBuumerang spinoff.
This may tie Holton Buggs to Meta Bounty Hunters’ possession. /finish replace
As at all times, if an MLM firm will not be brazenly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Meta Bounty Hunters’ Merchandise
Meta Bounty Hunters has no retailable services or products.
Associates are solely capable of market Meta Bounty Hunters affiliate membership itself.
Meta Bounty Hunters’ Compensation Plan
Meta Bounty Hunters make investments cryptocurrency into a group of 8888 AI generated NFTs.
Meta Bounty Hunters don’t specify the cryptocurrency invested however its web site steadily mentions ethereum.
In any occasion, ethereum or in any other case, Meta Bounty Hunters associates make investments cryptocurrency on the promise of a weely ROI.
Replace 2nd February 2022 – Meta Bounty Hunters is promoting its NFT funding positions for $2000 value of ethereum every. /finish replace
Invested cryptocurrency will be locked up for 3, six or twelve months.
Meta Bounty Hunters pays the weekly ROI from newly invested funds.
The MLM facet of Meta Bounty Hunters pays on recruitment of affiliate buyers.
Referral Commissions
Meta Bounty Hunters pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
Meta Bounty Hunters caps payable unilevel workforce ranges at seven.
Referral commissions are paid out as a share of cryptocurrency invested throughout these seven ranges as follows:
- degree 1 (personally recruited associates) – 20%
- degree 2 – 10%
- ranges 3 to six – 8%
- degree 7 – 10%
There seems to be a 4% bonus accessible on referral commissions, nonetheless this isn’t defined in Meta Bounty Hunters’ compensation documentation.
Bonus Swimming pools
Every Meta Bounty Hunter NFT is assigned an arbitrary “rarity” worth.
Buyers holding a number of of the highest arbitrarily uncommon Meta Bounty Hunters NFTs every obtain a share in a bonus pool.
There may be one other bonus pool for affiliate buyers holding a number of of the highest 100 arbitrarily uncommon NFTs.
Each bonus swimming pools are made up of two% of the 85% of funding Meta Bounty Hunters funnels into its compensation plan.
Becoming a member of Meta Bounty Hunters
Meta Bounty Hunters affiliate membership seems to be free.
Full participation within the hooked up earnings alternative requires an NFT funding.
At time of publication, Meta Bounty Hunters don’t disclose how a lot they may flog NFTs to their affiliate buyers for.
Meta Bounty Hunters Conclusion
Meta Bounty Hunters is an easy MLM crypto Ponzi scheme.
The fraud is wrapped up in a theme ripped off from Star Wars’ Mandalorian lore.
Studying like Star Wars fan-fiction written by an eight-year previous, right here’s Meta Bounty Hunters’ official “backstory”:
A As soon as Brilliant Empire, Shrouded in Darkness…
The Galactic Cryptopia was as soon as our hope. A shining, golden empire emerged from the seemingly limitless Darkish Ages and species from all around the universe heard it’s name for peace.
New planets and ecosystems started to develop in its wake, such because the daytime planet of SOL, shining brightly with out ever a necessity for night time.
The GC launched groundbreaking applied sciences that continued increasing into new territories and the necessity for struggle lessened day by day. However because the Cryptopians stretched their hand into the far shadows of the universe, darkish forces started to reply.
Organizations just like the FUD syndicate emerged, decided to infiltrate this shining new empire with a view to manipulate and exploit the applied sciences for their very own, evil acquire.
Recognized crime bosses from throughout the galaxy started to kind collectively and developed leagues akin to SCAM, identified for his or her trickery, swift robberies and leaving numerous blindsided of their wake.
Because the darkish haze of scum and villainy begins to as soon as once more cloud the universe, victims cry out for his or her saviors.
A Glimmer of Hope Emerges…
A person who misplaced every part to SCAM. A barbarian, honoring his fallen planet by each battle. A former murderer, trying to forge a brand new path.
Regardless of their background, dwelling planet, or species, a method or one other these souls discovered themselves on the Planet Satoshi, dwelling to the as soon as nice Bounty Hunters Guild.
After years of silence and solitude, even Satoshi’s inhabitants started to listen to the calls from these throughout the galaxy who couldn’t assist themselves.
Banding their expertise collectively within the deserted Guild’s base, these warriors fashioned their very own league – one for the nice of the individuals and the universe.
And thus, the Meta Bounty Hunters Guild was based – even greater and extra highly effective than its namesake.
Now, the Hunters are gathering the elite of the elite from throughout the universe – the highest 8,888 warriors that might carry a brand new hope to those that have misplaced theirs.
The Guild acknowledges the exhausting work of turning into a Meta Bounty Hunter; turning into a member of the Guild is rewarding each morally and financially.
All members will obtain a weekly stipend for his or her dedication to the nice of the universe, in addition to elevated rewards for elevated bounties collected.
Do you’ve gotten what it takes to outlive amongst the ruthless and crafty?
Do you’ve gotten what it takes to forsake a standard life for certainly one of journey, hazard, and supreme heroism?
Be a part of the most effective of the most effective and make the universe a greater place – be a part of the Meta Bounty Hunters Guild.
I wholeheartedly apologize for placing you thru that, however I believed it was necessary to protect the cringe.
Disney, who personal Star Wars, are well-known for shielding their IP. Whether or not something comes of that I can’t say.
Sidenote: anybody who thinks cryptocurrency protects you from IP theft lawsuits is a moron. Disney has infinity cash to pursue Meta Bounty Hunters’ proprietor(s) in courtroom.
As to the Meta Bounty Hunters’ NFT assortment itself, there are 8888 NFTs. It’s the same old base template with RNG cosmetics, typical of low-effort money grabs.
Based mostly on Meta Bounty Hunters’ compensation documentation, the corporate’s house owners hold 15% of invested cryptocurrency.
The remaining 85% is used to pay weekly returns, recruitment commissions and another fluff.
The illustration that Calli Finance goes to create exterior income is unverifiable, which in and of itself is unlawful.
This brings us to Meta Bounty Hunters’ pseudo-compliance.
Meta Bounty Hunters’ passive funding scheme constitutes a securities providing. This requires registration with monetary regulators.
When an MBH NFT is bought, the dedication to the group is that 85% of the proceeds from buy will likely be contributed right into a devoted custodial account of MBH Group through a wise contract with Calli.Finance.
Calli.Finance will present an audited month-to-month report of the entire belongings in custodial accounts and the month-to-month yield generated from the custodial accounts.
The above is from Meta Bounty Hunters’ compensation documentation. No matter whether or not Calli Finance supplies audited studies, they’re meaningless except filed with monetary regulators.
The point out of an audit suggests Meta Bounty Hunters’ house owners know full-well they’re committing securities fraud.
That is additional proof by Meta Bounty Hunters’ claiming their unlawful unregistered securities providing isn’t a securities providing.
Not A Securities Providing.
The MBH NFTs are a stand alone assortment and the acquisition of such is an unbiased transaction and has no relationship to the selection in use of proceeds by the group founders because it pertains to their selection in supporting the imaginative and prescient and roadmap of the MBH Group.
This doc or any a part of it doesn’t represent a prospectus or supply doc of any sort or nature and isn’t meant to represent a suggestion of securities or a solicitation for funding insecurities in any jurisdiction.
No matter whether or not Meta Bounty Hunters “intends” to supply securities, that’s what they’re doing.
Outdoors of the the Ponzi scheme, the remainder of Meta Bounty Hunters operates as a pyramid scheme.
You recruit affiliate buyers, you receives a commission. They recruit affiliate buyers, you get a minimize. Nothing is marketed or bought to retail prospects.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Meta Bounty Hunters of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, they majority of individuals lose cash.
Meta Bounty Hunters is presently in prelaunch:
Based mostly on Meta Bounty Hunters’ representations, there are presently 5000 scammers ready to get in earlier than “the general public” and steal their cash.
If that doesn’t work out, I suppose they’ll steal from one another. Both means it’s an inevitable race to the underside.
Replace twenty seventh February 2022 – BehindMLM can now affirm Holton Buggs and Travis Bott are behind Meta Bounty Hunters.
Replace twenty eighth Might 2022 – Meta Bounty Hunters is a part of Travis Bott’s Meta Labs Company.
Meta Labs Company sees Bott launch an NFT Ponzi manufacturing unit.
Replace fifteenth October 2022 – Meta Bounty Hunters is launching a second spherical of funding as Meta Bounty Huntresses.