Sports activities Buying and selling BTC’s web site supplies no data on who owns or runs the corporate.
Based on Sports activities Buying and selling BTC, their “headquarters are situated in BVI ( British Virgin Islands).”
Assuming that’s true, which is unlikely, BVI is a scam-friendly jurisdiction with little to no significant regulation.
Regardless of its web site area solely having been privately registered in July 2019, Sprots Buying and selling BTC fraudulently claims it ‘has been in enterprise since late 2016.‘
Additional analysis reveals a video on Sports activities Buying and selling BTC’s official YouTube channel titled “STB Announcement”.
Within the video James Ward identifies himself as CEO and proprietor of the corporate.
James Ward (proper) first popped up on BehindMLM’s radar in 2010, because the CEO of LGN Prosperity.
LGN Prosperity marketed journey vouchers, with every voucher producing a place in a matrix 2×2 cycler.
Following months of associates not getting paid, in mid 2011 LGN Prosperity morphed into LGN Worldwide.
This name-change introduced on the addition of commissions paid on journey providers booked via LGN.
LGN Worldwide finally collapsed in mid to late 2013, with Ward heading up iBizWave as CEO and co-founder in early 2014.
In 2015 Ward launched 2SL Begin Residing, which noticed him return to the journey MLM area of interest.
2SL Begin Residing was short-lived, prompting Ward to launch Pangea in 2016.
Pangea’s authentic enterprise mannequin was a matrix cycler hiding behind journey.
By early 2017 Pangea had collapsed. Ward rebooted Pangea with a brand new compensation plan.
The one materials distinction was the cycler expanded to a few tiers, so it’s not stunning that Pangea 2.0 additionally didn’t final lengthy.
Sports activities Buying and selling BTC marks Ward’s return to the MLM trade. Like everybody else within the MLM underbelly, Ward has transitioned to cryptocurrency.
It’s price noting that Sports activities Buying and selling BTC management calls are hosted by Dwayne Golden, a serial-scammer in his personal proper.
Learn on for a full evaluation of Sports activities Buying and selling BTC’s MLM alternative.
Sports activities Buying and selling BTC’s Merchandise
Sports activities Buying and selling BTC has no retailable services or products, with associates solely capable of market Sports activities Buying and selling BTC affiliate membership itself.
Sports activities Buying and selling BTC’s Compensation Plan
Sports activities Buying and selling BTC associates make investments bitcoin on the promise of an marketed 0.25% to 2% each day ROI.
Sports activities Buying and selling BTC affords associates eight funding tiers:
- ST1 – 0.01 BTC
- ST2 – .025 BTC
- ST3 – 0.1 BTC
- ST4 – 0.5 BTC
- ST5 – 1 BTC
- ST6 – 2 BTC
- ST7 – 3 BTC
- ST8 – 5 BTC
Recruitment Commissions
Sports activities Buying and selling BTC associates who make investments at ST5 and better tiers obtain recruitment commissions.
Recruitment commissions are paid on downline funding via three ranges of recruitment:
- 5% on stage 1 (personally recruited associates)
- 3% on stage 2
- 2% on stage 3
Residual Commissions
To qualify for residual commissions, every Sports activities Buying and selling BTC affiliate should recruit two investing associates.
Sports activities Buying and selling BTC pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary staff, break up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are stuffed by way of direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary staff can develop.
Residual commissions are paid each day on funds invested on the weaker binary staff facet.
Particular residual fee proportion payouts are decided by how a lot a Sports activities Buying and selling BTC affiliate has invested:
- ST1 tier associates earn a 3% residual fee fee capped at 0.02 BTC a day
- ST2 tier associates earn a 4% residual fee fee capped at 0.05 BTC a day
- ST3 tier associates earn a 5% residual fee fee capped at 0.2 BTC a day
- ST4 tier associates earn an 8% residual fee fee capped at 1 BTC a day
- ST5 tier associates earn a 9% residual fee fee capped at 2 BTC a day
- ST6 tier associates earn a ten% residual fee fee capped at 4 BTC a day
- ST7 tier associates earn an 11% residual fee fee capped at 6 BTC a day
- ST8 tier associates earn a 12% residual fee fee capped at 10 BTC a day
Becoming a member of Sports activities Buying and selling BTC
Sports activities Buying and selling BTC affiliate membership is tied to a 0.01 to five BTC funding.
- ST1 – 0.01 BTC
- ST2 – 0.025 BTC
- ST3 – 0.1 BTC
- ST4 – 0.5 BTC
- ST5 – 1 BTC
- ST6 – 2 BTC
- ST7 – 3 BTC
- ST8 – 5 BTC
The extra an affiliate invests, the upper their earnings potential by way of Sports activities Buying and selling BTC’s compensation plan.
Conclusion
Sports activities Buying and selling BTC claims to generate exterior ROI income by way of sports activities buying and selling.
Now we have partnered with a number of the prime Sports activities Merchants on this planet to present us the successful picks.
There is no such thing as a proof of buying and selling or every other supply of exterior income getting used to pay associates.
On the time of publication Alexa pegs the US as the highest supply of visitors to Sports activities Buying and selling BTC’s web site (25%).
Moreover, each James Ward and Dwayne Golden are believed to reside within the US.
Fairly clearly, Sports activities Buying and selling BTC is providing a passive funding alternative.
Sports activities Buying and selling BTC has designed a Buying and selling Bonus that’s paid on to your pockets each day as soon as you buy one among our packages.
All that’s required by you is to determine which bundle works finest in your funds.
As soon as you buy a bundle you’ll start to robotically accumulate earnings between .25% and a couple of% each day.
The “buying and selling bonus” as Sports activities Buying and selling BTC calls it constitutes a securities providing.
As a way to function legally within the US all securities choices should be registered with the SEC.
Perusal of the SEC’s Edgar database nevertheless reveals that neither Sports activities Buying and selling BTC, James Ward or Dwayne Johnson are registered to supply securities.
Which means even with an exterior ROI income supply, Sports activities Buying and selling BTC is working illegally (securities fraud).
Additional proof of Sports activities Buying and selling BTC counting on nothing greater than new funding to pay returns is obvious of their compensation plan.
How a lot an affiliate invests straight impacts earnings potential. Additionally, greater tier returns are solely potential if an affiliate generates funding equal to what they’ve invested:
To qualify for the Most Buying and selling Bonus you might be required to have private quantity equal to or higher than the bundle you at the moment personal.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve Sports activities Buying and selling BTC of ROI income, finally prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of contributors lose cash.
Replace third December 2019 – Sports activities Buying and selling BTC collapsed in late November.
James Ward has rebooted the corporate as a penny public sale alternative referred to as World Credit Community.