Zeus’ Bounty supplies no data on its web site about who owns or runs the corporate.
Zeus Bounty does nevertheless declare its admin staff has “100 years of mixed enterprise expertise (with) 100+ crypto scams”.
If you’d like firm possession data, it’s a must to watch Zeus’ Bounty’s embedded advertising and marketing video.
Within the video Tim Bentley crediting himself as “the creator of Zeus’ Bounty”.
In accordance with his FaceBook profile, Bentley is predicated out of Colorado within the US.
Previous to founding Zeus’ Bounty, Bentley was selling iHub World.
Bentley seems to have reinvented himself as a crypto bro circa 2015.
Zeus’ Bounty’s web site represents the corporate has 4 admins.
Bentley identifies them as Nicole (his spouse), Nico (his son) and Raaj Menon.
In accordance with his LinkedIn profile, Raaj Menon is an internet and crypto bro dev from South Australia.
Whether or not Menon has an MLM historical past is unclear.
Replace seventh February 2022 – As revealed by Daniel Toth within the feedback under, Raaj Menon is behind the “Crypto Passive” YouTube channel:
Menon has used Crypto Passive to advertise one crypto rip-off after one other over the previous eleven months. /finish replace
Zeus’ Bounty’s web site area (“zeusesbounty.com”), was privately registered on October twenty second, 2021.
Learn on for a full evaluation of Zeus’ Bounty’s MLM alternative.
Zeus’ Bounty’s Merchandise
Zeus’ Bounty has no retailable services or products.
Associates are solely in a position to market Zeus’ Bounty affiliate membership itself.
Participation in Zeus’ Bounty’s MLM alternative as an affiliate supplies entry to “Zeus’ Academy”.
Zeus’ Academy comprises varied advertising and marketing and cryptocurrency training programs, in addition to the “ZB Software program” advertising and marketing suite.
Zeus’ Bounty’s Compensation Plan
Zeus’ Bounty’s compensation plan combines passive commissions with unilevel staff pyramid recruitment.
There are 5 buy-in tiers for each parts of Zeus’ Bounty’s compensation plan:
- 0.1 BNB
- 0.5 BNB
- 1 BNB
- 5 BNB
- 10 BNB
Right here’s how these tiers pay out throughout Zeus’ Bounty’s compensation plan.
Passive Commissions
Zeus’ Bounty takes 50% of invested BNB and makes use of it to pay passive commissions.
Zeus’ Bounty’s passive returns pays 2.5% from each upline and downline associates.
This 2.5% is paid on no matter is invested by these associates throughout any BNB tier.
Associates paid on are those that joined Zeus’ Bounty earlier than and after you. Associates who be a part of after you will be instantly or not directly recruited.
What number of up and downline associates a Zeus’ Bounty associates earns 2.5% off, is set by how a lot they themselves make investments.
- 0.1 BNB tier associates obtain 2.5% of the buy-in from 5 upline and downline associates
- 0.5 BNB tier associates obtain 2.5% of the buy-in from six upline and downline associates
- 1 BNB tier associates obtain 2.5% of the buy-in from eight upline and downline associates
- 5 BNB tier associates obtain 2.5% of the buy-in from 9 upline and downline associates
- 10 BNB tier associates obtain 2.5% of the buy-in from ten upline and downline associates
If a Zeus’ Bounty affiliate upgrades their BNB tier, they’re retroactively paid 2.5% of as much as 10/10 upline and downline investments.
Unilevel Commissions
Zeus’ Bounty makes use of the opposite 50% of BNB buy-ins to pay recruitment commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned instantly beneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
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.
Zeus’ Bounty caps payable unilevel staff ranges at ten.
Recruitmentment commissions are paid out as a proportion of BNB buy-ins throughout these ten ranges as follows:
- degree 1 (personally recruited associates) – 20%
- degree 2 – 10%
- degree 3 – 5%
- ranges 4 to six – 3%
ranges 7 and eight – 2% - ranges 9 and 10 – 1%
New Member Weekly Bonus
Zeus’ Bounty units apart “3.5% of the corporate’s income” and pays it out to all new associates who’ve signed up over the earlier week.
1 BNB Tier Bonus Pool
Zeus’ Bounty units apart “7% of the corporate’s income” and pays it out to new associates who’ve signed up on the 1 BNB tier every week.
10 BNB Tier Bonus Pool
Zeus’ Bounty units apart “7% of the corporate’s income” and pays it out to new associates who’ve signed up on the 10 BNB tier every week.
Recruiter Bonus
Zeus’ Bounty units apart “14% of the corporate’s income” and pays it to the corporate’s high thirty recruiters every week.
Minimal recruitment necessities to qualify for the weekly Recruiter Bonus is 2 personally recruited associates the earlier week.
Withdrawal Restrictions and Charges
To maintain as a lot BNB within the smart-contract as doable, Zeus’ Bounty restricts affiliate withdrawals.
Zeus’ Bounty withdrawals are restricted both primarily based on private recruitment of whole BNB spent on buy-ins.
- if in case you have lower than 4 personally recruited associates, 60% of all withdrawal requests should be spent on BNB buy-ins
- if in case you have 4 personally recruited associates, 50% of all withdrawal requests should be spent on BNB buy-ins
- in case you’ve spent 4 BNB on buy-ins, 40% of all withdrawal requests should be spent on BNB buy-ins
- in case you’ve spent 10 BNB on buy-ins, 30% of all withdrawal requests should be spent on BNB buy-ins
I consider these circumstances are mutually unique, which means you’ll be able to simply spend 10 BNB on buy-ins and never have to fret about recruitment and vice-versa.
On high of withdrawal restrictions, Zeus’ Bounty costs a 7% withdrawal payment.
Becoming a member of Zeus’ Bounty
Zeus’ Bounty affiliate membership is free.
Participation within the hooked up revenue alternative requires an preliminary 0.1 to 10 BNB buy-in.
Full participation in Zeus’ Bounty’s MLM alternative prices 16.6 BNB
Zeus’ Bounty Conclusion
Within the official Zeus’ Bounty advertising and marketing video, Tim Bentley (proper) claims he’s
not too long ago been burned by smart-contracts. In actual fact I’ve been burned by lots of crypto applications previously.
It appeared like every little thing I received into after 2015 was some sort of rug pull or crypto rip-off.
Bentley goes on to state Zeus’ Bounty took place after he “got down to create one thing higher”.
What Bentley has discovered is it’s worthwhile operating MLM crypto scams. Math ensures taking part in them will greater than probably result in losses.
Though I’ve marked Zeus’ Bounty as a pyramid scheme, it does have parts of a Ponzi scheme.
This can be a quote from Bentley, made in an official Zeus’ Bounty advertising and marketing video;
If you happen to come into this program and also you’re searching for passive revenue, you’ll be able to count on to earn extra money than in case you put your cash within the financial institution.
That’s not saying quite a bit. Numerous these banks pay like 0.5% a 12 months in your cash … so that you’ll earn extra money than that.
We’re going to provide you an up and downline and pay your passively.
The Ponzi nature of Zeus’ Bounty happens by means of receiving 2.5% of previous and subsequent buy-ins.
Withdrawal requests are hooked up to necessary buy-ins (pressured reinvestment), permitting those that get in early to earn a passive return over time.
The remainder of Zeus’ Bounty is a normal pyramid scheme. Commissions are paid on recruitment, which is required to maintain the two.5% passive returns flowing.
With out new associates being fed into the underside of the pyramid, Zeus’ Bounty’s smart-contract stalls.
If we had been think about the movement of cash inside Zeus’ Bounty and zoom out, we’d discover the vast majority of BNB invested flowing upline.
On the high of that upline are the admin positions Bentley has created for himself, his household and Raaj Menon.
From a regulatory standpoint, the passive returns nature of Zeus’ Bounty constitutes wire fraud. This can be a violation of the Securities and Trade Act, regulated by the SEC.
The pyramid facet of Zeus’ Bounty falls foul of the FTC Act, regulated by the FTC.
That is necessary, as Tim Bentley is a US resident. Alexa additionally presently ranks the US as the highest supply of visitors to Zeus’ Bounty’s web site (77%).
In an try and legitimize fraud, Bentley presents up the next disclaimer in official Zeus’ Bounty advertising and marketing movies:
With respect to the primary paragraph, you’ll be able to’t disclaimer your manner out of operating a Ponzi pyramid hybrid scheme.
There may be nothing within the Securities and Trade Act or FTC Act that gives an exemption to fraud in case you add a boiler plate “not monetary recommendation however take a look at my rip-off” disclaimer.
The second paragraph infers that including services to a rip-off legitimizes it.
The SEC addressed this in 2016, affirming that what you add to a fraudulent scheme doesn’t matter.
Zeus’ Bounty’s enterprise mannequin is what makes it a rip-off. Something added to or bundled with that’s irrelevant.
Lastly the final sentence;
Our sensible contract is autonomous and is now “owned” by anybody.
That is only a flat-out lie. Tim Bentley created Zeus’ Bounty. He owns it, together with the smart-contract.
From a participation standpoint, as with all MLM pyramid schemes, math ensures the vast majority of Zeus’ Bounty associates will lose cash.
Compelled buy-ins, charges and bonus swimming pools would possibly make this a sluggish bleed, however on the finish of the day Bentley continues to be simply shuffling round a hard and fast pool of BNB.
When recruitment dries up that pool dwindles. Math kicks in and sorry in your loss.
Replace thirteenth February 2022 – Tim Bentley is now pitching an NFT sport he’s known as Zeus’ Chariots.
Replace nineteenth August 2022 – Tim Bentley is now funnelling Zeus’ Bounty associates right into a playing scheme he’s calling the Easy Dutch System.