QubitTech operates within the cryptocurrency MLM area of interest. A company tackle in Estonia is supplied on QubitTech’s web site.
A search of this tackle reveals a number of firms utilizing the identical tackle, suggesting the tackle is digital in nature.
This is able to imply QubitTech has no precise bodily ties to Estonia.
QubitTech is headed up by CEO Greg Limon.
As per Limon’s QubitTech company bio, Limon
is co-founder and shareholder of the Toronto-based (Canada) DigiMax World, which helps firms from all around the world successfully conduct stos.
Greg has completed two profitable IPOs, participated in quite a few enterprise tasks.
As well as, wonderful speaker, an knowledgeable within the discipline of STO.
On LinkedIn Limon cites himself as co-founder of DigiMax Capital, an organization based mostly out of Toronto, Canada.
Digimax World has a web site up. It’s Alexa rating is above 5 million (which for a enterprise is lifeless), and Limon isn’t featured wherever on it.
In keeping with his profile on ICO Bench, Limon is predicated out of Toronto, London and Moscow.
Be it Canada, the UK or Russia, these are the international locations Limon is working QubitTech from, versus Estonia.
So far as I can inform, QubitTech is Limon’s first MLM enterprise as an govt.
Learn on for a full overview of QubitTech’s MLM alternative.
QubitTech’s Merchandise
QubitTech has no retailable services or products, with associates solely in a position to market QubitTech affiliate membership itself.
QubitTech’s Compensation Plan
QubitTech associates make investments $100 to $100,000 on the promise of an marketed 250% ROI.
- Bronze – $100
- Bronze+ – $500
- Silver – $1000
- Silver+ – $5000
- Gold – $10,000
- Gold+ – make investments $25,000
- Platinum – $50,000
- Platinum+ – $100,000
QubitTech Affiliate Ranks
There are ten affiliate ranks inside QubitTech’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Rank 1 – generate $1000 in personally recruited affiliate funding quantity and $2500/$750 in binary crew funding quantity
- Rank 2 – generate $2500 in personally recruited affiliate funding quantity and $5000/$1500 in binary crew funding quantity
- Rank 3 – generate $5000 in personally recruited affiliate funding quantity and $25,000/$7500 in binary crew funding quantity
- Rank 4 – generate $10,000 in personally recruited affiliate funding quantity and $50,000/$15,000 in binary crew funding quantity
- Rank 5 – generate $25,000 in personally recruited affiliate funding quantity and $100,000/$30,000 in binary crew funding quantity
- Rank 6 – generate $50,000 in personally recruited affiliate funding quantity and $250,000/$75,000 in binary crew funding quantity
- Rank 7 – generate $100,000 in personally recruited affiliate funding quantity and $500,000/$150,000 in binary crew funding quantity
- Rank 8 – generate $200,000 in personally recruited affiliate funding quantity and $1,000,0000/$300,000 in binary crew funding quantity
- Rank 9 – generate $250,000 in personally recruited affiliate funding quantity and $3,000,0000/$900,000 in binary crew funding quantity
- Rank 10 – generate $300,000 in personally recruited affiliate funding quantity and $5,000,0000/$1,500,000 in binary crew funding quantity
Referral Commissions
QubitTech pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned immediately beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel crew.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
QubitTech caps payable unilevel crew ranges at 4.
Referral commissions are paid out as a share of funds invested throughout these 4 ranges based mostly on how a lot an affiliate themselves has invested:
- Bronze and Bronze+ associates obtain 6% on stage 1 (personally recruited associates) and a pair of% on stage 2
- Silver and Silver+ associates obtain 6% on stage 1 and three% on stage 2
- Gold and Gold+ associates obtain 7% on stage 1, 3% on stage 2 and 1% on stage 3
- Platinum and Platinum+ associates obtain 8% on stage 1, 4% on stage 2, 2% on stage 3 and 1% on stage 4
Residual Commissions
QubitTech pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, break up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed through direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary crew can develop.
On the finish of every day QubitTech tallies up new funding quantity on either side of the binary crew.
Based mostly on how a lot they’ve invested, associates obtain a share of funds matched on either side of the binary crew (minimal $100).
- Bronze and Bronze+ associates obtain an 8% residual fee price
- Silver and Silver+ associates obtain a 9% residual fee price
- Gold and Gold+ associates obtain a ten% residual fee price
- Platinum and Platinum+ associates obtain a 12% residual fee price
As soon as paid out on quantity is flushed from either side of the binary crew. Any leftover quantity on the stronger binary facet carries over (min $100).
Matching Bonus
QubitTech pays a Matching Bonus on residual commissions earned by downline associates.
The Matching Bonus is paid utilizing the identical unilevel compensation construction referral commissions are paid with (see “referral commissions” above).
- Rank 1 associates earn a ten% match on stage 1 (personally recruited associates)
- Rank 2 associates earn a ten% match on ranges 1 and a pair of
- Rank 3 associates earn a ten% match on ranges 1 and a pair of and 5% on stage 3
- Rank 4 associates earn a 15% match on stage 1, 10% on stage 2 and 5% on ranges 3 and 4
- Rank 5 associates earn a 15% match on stage 1, 10% on stage 2 and 5% on ranges 3 to five
- Rank 6 associates earn a 15% match on stage 1, 10% on ranges 2 and three and 5% on ranges 4 to six
- Rank 7 associates earn a 15% match on ranges 1 and a pair of, 10% on ranges 3 and 4, 5% on ranges 5 and 6 and three% on stage 7
- Rank 8 associates earn a 15% match on ranges 1 and a pair of, 10% on ranges 3 and 4, 5% on ranges 5 and 6 and three% on ranges 7 and eight
- Rank 9 associates earn a 15% match on ranges 1 to three, 10% on ranges 4 and 5, 5% on stage 6, 3% on ranges 7 and eight and a pair of% on stage 9
- Rank 10 associates earn a 20% match on stage 1, 15% on ranges 2 and three, 10% on ranges 4 and 5, 5% on stage 6, 3% on ranges 7 and eight and a pair of% on ranges 9 and 10
Free Funding Positions
QubitTech associates who recruit 4 associates with fifteen days of signing up, qualify for a free funding place.
The precise funding place (known as a “margin contract”) quantity rewarded is “equal to the minimal funding bundle of (recruited) companions”.
QubitTech’s compensation materials states “margin contracts work till revenue is 250% of the preliminary worth.”
Rank Achievement Bonus
QubitTech rewards associates for qualifying at Rank 1 and better with the next one-time bonuses:
- qualify at Rank 1 and obtain $100
- qualify at Rank 2 and obtain $200
- qualify at Rank 3 and obtain $500
- qualify at Rank 4 and obtain $2000
- qualify at Rank 5 and obtain $5000
- qualify at Rank 6 and obtain $7500
- qualify at Rank 7 and obtain $10,000
- qualify at Rank 8 and obtain $25,000
- qualify at Rank 9 and obtain $50,000
- qualify at Rank 10 and obtain $100,000
Becoming a member of QubitTech
QubitTech affiliate membership is free.
Full participation within the connected earnings alternative both requires
- recruitment of 4 investing associates inside fifteen days of signing up; or
- a private preliminary funding of between $100 and $100,000
The extra an affiliate invests (or convinces others to speculate), the upper their earnings potential through QubitTech’s compensation plan.
Lastly though the above quantities are laid out in USD, QubitTech solely accepts funding in bitcoin and ethereum.
Conclusion
QubitTech seems to be the end-result of Greg Limon’s failed escapades as a “cryptocurrency knowledgeable”.
QubitTech’s said intention is to
present retail buyers with an environment friendly method to make investments cryptocurrency belongings so as to generate steady earnings.
QubitTech represents that it generates exterior income through “algorithmic and handbook buying and selling strategies”.
A field on the corporate’s web site pitches a each day common 1.77% ROI.
No proof of QubitTech partaking in buying and selling of any type is supplied. Neither is there any proof QubitTech is paying returns with every other supply of exterior income.
Being a passive funding alternative, QubitTech’s MLM alternative constitutes a securities providing.
So as to function legally, QubitTech would thus must register its securities providing with monetary regulators.
QubitTech gives no proof it has registered its securities providing with a single monetary regulator. Thank consists of the FSA in Estonia, which is the place QubitTech pretends it’s based mostly out of.
At a naked minimal QubitTech is committing securities fraud and working illegally.
Given this, QubitTech’s declare that it was “established in robust compliance with present authorized laws” is laughable.
Upon consideration QubitTech has no verifiable sources of exterior income to pay returns with, the corporate additionally operates as a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This can starve QubitTech of ROI income, finally prompting a collapse.
The mathematics behind Ponzi schemes ensures that once they collapse, the vast majority of individuals lose cash.
Replace ninth March 2021 – QubitTech has rebranded itself as QubitLife.