bitkingdom-logoThere is no information on the BitKingdom website indicating who owns or runs the business.

The BitKingdom website domain (“bitkingdom.org”) was registered on the 14th of August 2015, however the domain registration is set to private.

Marketing videos featured on the BitKingdom website are hosted on a YouTube account bearing the name “Arsyan Ismail”.

On his LinkedIn profile, Ismail (right) lists his location as Kuala Lumpur, Malaysia.

At the time of publication Alexa estimate that 39.6% of traffic to the BitKingdom website also originates out of Malaysia. Vietnam is the second-largest source of traffic at 20%.

 

Update 10th September 2016 – Arsyan Ismail has been in contact to advise he is not running BitKingdom.

As per an email sent on September 9th;

I am not the man behind this scheme, im just a contractor who help design the website. Im hosting the youtube on my account because the client dont have an account. I will create an account for them soon to host the youtube videos.

I work in Kuala Lumpur as a web developer on a startup company and we design the website for them as a client.

When asked who his client was, Ismail replied:

I have non-disclosure agreement with the client. I can only confirm or deny who is my client.

/end update

 

Read on for a full review of the BitKingdom MLM opportunity.

The BitKingdom Product Line

BitKingdom has no retailable products or services, with affiliates only able to market BitKingdom affiliate membership itself.

The BitKingdom Compensation Plan

BitKingdom solicits investment in bitcoin on the promise of a 120% ROI after 20 days.

BitKingdom affiliates are capped at having 20 BTC (currently $11,414 USD) in the system at any given time.

A referral commission of 10% is paid when personally recruited affiliates invest funds.

Residual Commissions

Residual commissions in BitKingdom are paid out via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

binary-MLM-compensation-plan

The first level of the binary team has two positions. The second level is created by splitting each of the two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of new BitKingdom affiliates.

Investment by binary team affiliates are tracked on both sides of the binary, with affiliates paid up to 10% of matched funds.

  • Knight-30 (recruit 30 affiliates or have a downline who together have invested at least 100 BTC) – 3% matched commission
  • Knight-50 (recruit 50 affiliates or have a downline who together have invested at least 250 BTC) – 5% matched commission
  • Knight-70 (recruit 70 affiliates or have a downline who together have invested at least 450 BTC) – 7% matched commission
  • Lord – recruit 100 affiliates or have a downline who together have invested at least 650 BTC) – 10% matched commission

Joining BitKingdom

BitKingdom affiliate membership is free, however affiliates must invest at least 0.1 BTC to participate in the attached MLM opportunity.

Conclusion

Another day, another “get help, provide help” MMM Global Ponzi clone.

On BitKingdom, whenever you provide help to someone today you have the CROWD GUARANTEE that you can rely on them whenever you need financial help in the future.

The problem with BitKingdom’s “crowd guarantee” is that once recruitment of new affiliates dies down, so too do new funds entering the scheme.

That means BitKingdom’s “crowd guarantee” isn’t an actual guarantee at all.

Once deposited funds are paid out to BitKingdom’s owner(s) and early affiliates, there will be no funds left to pay off the rest of the affiliate-base.

This is precisely what happened in MMM Global, which collapsed earlier this year.

BitKingdom is a clone of MMM Global, which means it will inevitably conclude with the same outcome.

As with MMM Global, the use of bitcoin by BitKingdom makes recovery of funds virtually impossible for victims upon collapse.