ZmartBit gives no data on their web site about who owns or runs the corporate.
ZmartBit’s web site area (“zmartbit.com”) was privately registered on September twentieth, 2019.
As at all times, if an MLM firm is just not brazenly upfront about who’s working or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
ZmartBit’s Merchandise
ZmartBit has no retailable services or products, with associates solely capable of market ZmartBit affiliate membership itself.
ZmartBit affiliate membership gives entry to “Crypto College” (additionally cited as “Bitcoin College”).
Crypto College seems to include cryptocurrency academic materials.
ZmartBit’s Compensation Plan
ZmartBit associates pay $260 to enroll. Commissions are paid after they recruit others who do the identical.
ZmartBit pays recruitment commissions by way of a hybrid 4×10 matrix.
An ordinary 4×10 matrix locations an affiliate on the high of a matrix, with 4 positions straight below them.
These 4 positions kind the primary stage of the matrix. The second stage of the matrix is generated by splitting every of those 4 positions into one other 4 positions every.
From the third stage, ZmartBiz’s hybrid matrix generates new positions on every stage by multiples of two as an alternative of 4.
That’s stage three homes thirty-two positions (up from sixteen on stage two). Degree 4 homes sixty-four positions and so forth and so forth.
Word that the picture above illustrates an ordinary 4×10 matrix. Acknowledged place numbers for ranges three and 4 (64 and 256) are incorrect.
Positions within the matrix are stuffed by way of direct and oblique recruitment of ZmartBit associates.
Commissions are paid out as positions within the matrix are stuffed. How a lot of a fee is paid out is set by which stage of the matrix a place is stuffed.
Every stage of the matrix operates as a fee tier, requiring a payment paid and extra qualification standards.
- White – join and pay $260, earn $125 per place stuffed on stage 1 (4 positions)
- Inexperienced (recruit two associates who every recruit two associates) – pay one other $260, recruit two associates who every recruit two associates, and earn ~$156 per place stuffed on stage 2 (16 positions)
- Yellow – pay one other $530 and earn ~$156 per place stuffed on stage 3 (32 positions)
- Orange – pay one other $1060 and earn ~$156 per place stuffed on stage 4 (64 positions)
- Blue – pay one other $2100 and earn ~$156 per place stuffed on stage 5 (128 positions)
- Pink – pay one other $4200 and earn ~$78 per place stuffed on stage 6 (256 positions)
- Bronze – pay one other $8300 and earn ~$46 per place stuffed on stage 7 (512 positions)
- Silver – pay one other $8400 and earn ~$23 per place stuffed on stage 8 (1024 positions)
- Gold – pay one other $8500 and earn ~$11 per place stuffed on stage 9 (2048 positions)
- Platinum – pay one other $8600 and earn ~$6 per place stuffed on stage 10 (4096 positions)
Becoming a member of ZmartBit
ZmartBit affiliate membership is $260.
Full participation in ZmartBit’s revenue alternative prices $42,210.
Word that each one funds inside ZmartBit (each paid and acquired) are made in bitcoin.
Conclusion
ZmartBit is a straight-forward pyramid scheme.
New associates join, pay a payment and receives a commission to recruit others who do the identical.
Nothing is marketed to or bought to retail prospects, leaving 100% commissions paid out inside ZmartBit tied to recruitment.
And for a pyramid scheme, ZmartBit isn’t even mathematically sound.
As unlock charges improve every matrix stage (as much as $8000 at Bronze and better), commissions paid out per place stuffed cut back.
The place does the remainder of the cash go? Into the nameless ZmartBit admin’s pocket.
As for the “Crypto Training” pseudo-compliance, fairly clearly no one is paying charges over and over for a similar “training”.
What’s actually being traded inside ZmartBit are matrix positions.
You purchase a place, receives a commission when others are recruited who additionally purchase positions. Pay more cash to unlock increased place tiers and so forth and so forth.
Like all MLM pyramid schemes, ZmartBiz will collapse as soon as recruitment dries up. The mathematics behind pyramid schemes ensures that almost all of contributors will lose cash.
It’s additionally necessary to notice ZmartBit’s use of bitcoin. Which means that when ZmartBit inevitably collapses, sufferer fund restoration can be close to not possible.