B-Love Network Review: Innovation Factory’s 2nd token Ponzi
B-Love Network fails to provide executive or ownership information on its website.
B-Love Network’s website domain (“blove.network”), was privately registered on January 2nd, 2023.
In the footer of B-Love Network’s website, we learn the company is tied to Innovation Factory:
Innovation Factory operates from the domain “innovationfactory.biz”, privately registered on March 12th, 2021.
In the “projects” section of Innovation Factory’s website, we learn the company is also tied to:
- BFICoin – ethereum fork shitcoin
- BFICScan – BFIC blockchain explorer
- Dexa – NFT marketplace
- XchangeOn – in-house exchange
- BFIC Network – BFIC token staking and mining themed Ponzi scheme
BFIC Network operates from the domain “bficnetwork.com”, privately registered on August 9th, 2021.
BFIC Network appears to be the precursor to B-Love Network.
All of Innovation Factory’s various scheme’s official FaceBook pages are primarily managed from the UAE. This typically means Dubai.
B-Love Network’s official Facebook age adds Pakistan, which fits with the majority of B-Love Network marketing targeting Pakistan (and India by proxy).
On Innovation Factory’s FaceBook page, we learn that Omar Khan is the owner of the company:
Omar Khan (sometimes spelt Omer Khan), appears to be a Pakistani national hiding out in Dubai.
Khan doesn’t have a verifiable digital footprint prior to 2021. Khan’s FaceBook profile was only created in November 2021, and only features Innovation Factory related marketing.
Dubai is the MLM crime capital of the world.
BehindMLM’s guidelines for Dubai are:
- If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
- If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.
If you want to know specifically how this applies to B-Love Network, read on for a full review.
B-Love Network’s Products
B-Love Network has no retailable products or services.
Affiliates are only able to market B-Love Network affiliate membership itself.
B-Love Network’s Compensation Plan
B-Love Network affiliates invest in BLV tokens. Through the app 100 BLV or more is parked with B-Love Network.
This is done on the promise of a 1% daily passive return, paid out for 500 days.
The MLM side of B-Love Network pays on recruitment of affiliate investors.
Referral Commissions
B-Love Network affiliates earn 10% of BLV invested by personally recruited affiliates.
ROI Match
B-Love Network pays a ROI match 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.
B-Love caps the ROI Match at fifteen unilevel team levels.
The ROI Match is paid as a percentage of daily returns paid to downline affiliates across these fifteen levels, based on how much BLV an affiliate has invested themselves:
- 1000 to 9,999 BLV invested = 20% match on level 1 (personally recruited affiliates) and 12% on level 2
- 10,000 to 19,999 BLV invested = 20% match on level 1, 12% on level 2, 5% on level 3 and 4% on level 4
- 20,000 to 29,999 BLV invested = 20% match on level 1, 12% on level 2, 5% on level 3, 4% on level 4, 3% on level 5 and 2% on level 6
- 50,000 to 69,999 BLV invested = 20% match on level 1, 12% on level 2, 5% on level 3, 4% on level 4, 3% on level 5 and 2% on levels 6 to 11
- 70,000 to 99,999 BLV invested = 20% match on level 1, 12% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on levels 6 to 12, 3% on level 13 and 4% on level 14
- 100,000 BLV or more invested = 20% match on level 1, 12% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on levels 6 to 12, 3% on levels 13, 4% on level 14 and 5% on level 15
Joining B-Love Network
B-Love Network affiliate membership is free.
Full participation in the attached income opportunity requires a minimum 1000 BLV token investment.
B-Love Conclusion
B-Love is a simple 1% a day “staking” themed Ponzi scheme.
New investment flows into the scheme through XchangeOn, which is used to fund affiliate withdrawal requests.
For its part, B-Love Network hasn’t bothered to come up with an external revenue ruse. Something something invest, staking, something something infinity tokens for everyone.
B-Love Network can of course generate infinity tokens on demand, and will to satisfy 1% a day returns and its MLM compensation plan. The problem is BLV tokens are worthless.
Affiliates will want to cash out to something that actually has value. To that end B-Love Network is limited to paying out what has previously been invested – and that’s where things will eventually fall apart.
B-Love Network appears to have been launched on the back of BFIC Network, which about a year and a half in is likely on the verge of collapse.
New investment through B-Love Network will probably keep BFIC Network going a bit longer.
Part of that is B-Love Network requiring affiliates to purchase BLV on XchangeOn with BFIC token.
With two Ponzi shit tokens under its belt, Innovation Factory will likely launch more tokens at some point. This is due to scam spinoffs having a shorter lifespan than the original they’re based on.
That and there’s only so many people in Pakistan to scam before B-Love Network will have to look for victims elsewhere.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve B-Love Network of ROI revenue, eventually prompting a collapse.
The math behind MLM Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 12th March 2024 – Following B-Love Network’s collapse in mid 2023 Omar Khan launched Bulleto.
Following Bulleto’s collapse towards the end of 2023, Khan launched BFIC Gold.
Hats off to you bro. You did a great research on this MLM Scheme.
I also told everyone not to invest in Blov, But no one listens to me.
Unfortunately people greedy enough to fall for Ponzi schemes typically don’t value solid research.
Best you can do is step back and let it happen, and be there when the inevitable collapse hits.
Alternatively if people you know make money in a Ponzi scheme, you learn they’re fine with stealing from people. Assess personal relationships accordingly.
To everyone in blv coin, stay away. I have lost 20,000 us dollars in this ponzi scheme. Alas no way to get back my hard earned money.
The intermedaries are real people who will suck you dry with their silver tongue.
Kudos to your reporting and effort. Very little investigative reporting regarding such fake cryptos, much appreciated.