128 BTC Review: Bitcoin gifting scheme with trading bot
128 BTC provides no information on its website about who owns or runs the company.
128 BTC’s website domain (“128btc.org”), was privately registered on May 5th, 2021.
On FaceBook 128 BTC represents it is based out of Boston, Massachusetts. I wasn’t able to independently verify this.
Marketing videos on 128 BTC”s official YouTube channel are primarily testimonials from India and Africa.
This strongly suggests whoever is running 128 BTC is based out of Africa and/or India.
Curiously, Alexa ranks the US as the top source of traffic to 128 BTC’s website domain (68%).
This suggests 128 BTC affiliates in India and Africa are now profiting from recruitment in the US.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
128 BTC’s Products
128 BTC has no retailable products or services.
Affiliates are only able to market 128 BTC affiliate membership itself.
128 BTC’s Compensation Plan
128 BTC affiliates buy into a gifting scheme for 0.0005 BTC.
128 BTC runs its gifting scheme through 2×6 matrices.
A 2×6 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three to six of the matrix are generated in the same manner, with each level housing twice as many positions as the previous level.
New 128 BTC affiliates purchase 0.0005 BTC gifting positions. This unlocks a matrix (and places them on level 1 of an existing affiliate’s matrix).
Each of the six 128 BTC matrix levels operates as an independent gifting tier, requiring payment in to qualify to receiving gifting payments.
Gifting payments across 128 BTC’s six-tier gifting scheme are as follows:
- level 1 (costs 0.0005 BTC to enter) – receive 0.0005 BTC from each position filled (2 positions to fill)
- level 2 (costs 0.00075 BTC to enter) – receive 0.00075 BTC from each position filled (4 positions to fill)
- level 3 (costs 0.002 BTC to enter) – receive 0.002 BTC from each position filled (8 positions to fill)
- level 4 (costs 0.01 BTC to enter) – receive 0.01 BTC from each position filled (16 positions to fill)
- level 5 (0.1 BTC to enter) – receive 0.1 BTC from each position filled (32 positions to fill)
- level 6 (2 BTC to enter) – receive 2 BTC from each position filled (64 positions to fill)
Referral Commissions
128 BTC affiliates receive 60% of 0.0005 BTC gifted in from anyone they recruit.
Residual Commissions
128 BTC pays residual commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
128 BTC caps payable unilevel team levels at nine.
Residual commissions are paid as a percentage of 0.0005 BTC gifted in by recruited affiliates across these nine levels as follows:
- levels 1 and 2 – 10%
- level 3 and 4 – 5%
- levels 5 to 9 – 2%
Guider Bonus
When a 128 BTC affiliate recruits two affiliates who gift in, the person who recruited the recruiter affiliate receives 10% of the two 0.0005 BTC gifting payments.
Trading Bot
128 BTC provides access to a trading bot. $20 in fees is collected from every $100 made in profit.
128 BTC uses these fees to pay Trading Bot commissions via the same unilevel team residual commissions are paid through (see “residual commissions” above).
128 BTC caps Trading Bot commissions at nine unilevel team levels:
- level 1 (personally recruited affiliates) – 20%
- levels 2 – 10%
- levels 3 and 4 – 5%
- levels 5 to 9 – 2%
Joining 128 BTC
128 BTC affiliate membership is tied to an initial 0.0005 BTC gifting payment.
Full participation in 128 BTC’s income opportunity costs 2.12 BTC. Any trading bot investment requires additional bitcoin.
128 BTC Conclusion
128 BTC is a simple 2.12 BTC in, 128 BTC out gifting scheme. The scam is wrapped up in the usual pseudo-compliance marketing.
WHAT DOES PEER-TO-PEER MEAN?
Peer-To-Peer means person to person. A donation is always between one participant and another participant in 128 BTC.
Donations don’t come from 128 BTC but are exchanged between the participants.
What separates gifting scheme payments from donations is donations are made with no strings attached.
Payments within 128 BTC are made for the sole purpose of qualifying to receive gifting payments from other recruits.
These payments are not donations.
Another MLM gifting cliche is referring to gifting as “crowdfunding”.
It is based on the world-famous Mobius Loop and System G Technology, which is the most successful Peer-To-Peer Team Crowdfunding Program in the history!
Crowdfunding are different to gifting scheme payments for the same reason donations are different.
As for “mobius loop and system g technology”, we’ve seen this nonsense from Indian gifting scammers before.
3X Funding is one such gifting company that made the same “mobius loop and system g technology” claims in 2020.
3X Funding is a donation base Crowdfunding system, which is run on Peer to Peer.
It is based on the world famous Mobius Loop and the G Technology System.
3X Funding doesn’t exist today. Like every other MLM gifting scheme, 3X Funding collapsed when recruitment did.
The pairing of a trading bot with 128 BTC gifting payments is an interesting move.
Someone is positively flooding the MLM underbelly with trading bots at the moment. Presently and until the fad is over, practically every company I’m reviewing is a trading bot scam.
Seeing as 128 BTC’s trading bot is secondary to the gifting scheme, it’s not worth getting into.
Suffice to say MLM + passive returns = securities fraud if a company is not registered with financial regulators.
128 BTC provides no evidence it has registered with financial regulators.
As with all MLM gifting schemes, 128 BTC will start to collapse when recruitment inevitably slows down.
This will manifest itself by way of matrices stalling. Once enough matrices stall, an irreversible collapse is triggered.
Math guarantees the majority of participants in gifting schemes lose money.
@Oz: Either I’m missing something (which is possible; it’s way past my bedtime) or there’s a typo in the title for this review. “Bitcoing”? (At first I thought a shitcoin like “Bitcoiin” was involved, but the only mention of “Bitcoing” wad in the title, so…)
One minor note of interest: that fake candlestick pattern under their “Uncle Bot” logo shows little understanding of what candlestick patterns look like. There are ascending runs of red bars and descending green ones (???).
On closer look, it seems the “artist” just copy/pasted and alternately mirrored a few days’ worth of an actual chart. Mirroring caused the color reversals.
It doesn’t speak well of their financial acumen, but we knew that already. They’re not exactly targeting savvy investors anyway.
Thanks for catching that. Not sure if it was my brain auto-piloting “ING” or pre-empting the g in gifting.
Also nice catch on the bars. It’s likely the Fivver designer was told to just tried to make it look “tradey”.
This too will go down like Zarfund. Another conduit pipe to separate greedy people from their monies.