World BTC gives no (correct) info on its web site about who owns or runs the enterprise.
World BTC claims it’s headed up by “Justin Shopen”, nevertheless the photograph used to signify Shopen is definitely Joe Semaan.
On LinkedIn Semaan cites himself as a “gross sales coach & management mentor”. So far as I can inform he doesn’t have something to do with World BTC.
Contemplating this, there’s likelihood the remainder of the data offered on World BTC’s web site is bogus too (the Nevada handle for instance).
World BTC’s web site area (“worldbtc.professional”) was privately registered on September tenth, 2019.
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
World BTC’s Merchandise
World BTC has no retailable services or products, with associates solely capable of market World BTC itself.
World BTC’s Compensation Plan
World BTC associates make investments $100 or extra value of bitcoin, on the promise of an marketed 5% to 10% weekly ROI.
Funding phrases are capped at 24 months, throughout which a 1040% minimal ROI is promised.
Referral commissions on invested funds are paid out down two ranges of recruitment (unilevel):
- 3% on degree 1 (personally recruited associates)
- 1% on degree 2
Becoming a member of World BTC
World BTC affiliate membership is free.
Full participation within the connected earnings alternative nevertheless requires a minimal $100 funding in bitcoin.
Conclusion
World BTC claims to generate exterior income by the exercise of “skilled merchants”.
No proof of that is offered, nor every other supply of exterior income era.
This leaves new funding as the only real income getting into World BTC.
Utilizing new funding to pay associates weekly returns makes World BTC a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.
This may starve World BTC of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, the vast majority of members lose cash.