BBC Token Review: Mobile app token Ponzi scheme
BBC Token provides no information on its website about who owns or runs the business.
BBC Token’s website domain (“bbctoken.app”) was privately registered on July 17th, 2019.
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.
BBC Token’s Products
BBC Token has no retailable products or services, with affiliates only able to market BBC Token affiliate membership itself.
BBC Token’s Compensation Plan
BBC Token affiliates download an app, and invest in BBC Tokens on the promise of an advertised return.
BBC Token investment amounts are $10 to $10,000, paid in either bitcoin or ethereum.
Note that there is a $50 fee charged on each investment, of which up to 50% can be paid in already acquired BBC Tokens.
Once invested in, BBC Token affiliates receive a 0.6% daily return on their app BBC token balance for 365 days.
Note that returns are paid in BBC Tokens.
Referral commissions are also available on funds invested by referred affiliates.
BBC Token pays referral 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.
BBC Token caps referral commissions down twenty-five unilevel team levels as follows:
- recruit one affiliate investor and earn a 10% referral commission on level 1 (personally recruited affiliates)
- recruit two affiliate investors and earn 10% on level 1 and 5% on level 2
- recruit three affiliate investors and earn 10% on level 1, 5% on level 2 and 3% on level 3
- recruit four affiliate investors and earn 10% on level 1, 5% on level 2, 3% on level 3 and 2% on level 4
- recruit five affiliate investors and earn 10% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% on level 5
- recruit six affiliate investors and earn 10% on level 1, 5% on level 2, 3% on level 3 2% on level 4 1% on level 5 and 0.5% on levels 6 to 10
- recruit seven affiliate investors and earn 10% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on level 5, 0.5% on levels 6 to 10, 0.2% on levels 11 to 15 and 0.1% on levels 16 to 25
As with daily returns. BBC Token pays referral commissions in BBC Tokens.
Joining BBC Token
BBC Token affiliate membership is free but tied to the download of their app.
Full participation in the attached income opportunity requires a minimum $10 investment.
BBC Token is yet another entry into the MLM mobile app token Ponzi niche.
BBC tokens themselves are nothing more than an ERC-20 token, which anyone can create in five minutes.
BBC Token generates BBC tokens on demand, and distributes them as daily returns and commissions at little to no cost.
The Ponzi nature of the business is conducted through the app.
Through BBC Token’s app, affiliate investors hand over real money for BBC Tokens.
BBC Token sets an internal BBC token value. Because BBC tokens aren’t publicly tradeable;
BBC not available to purchase through any platforms.
The value BBC Token sets isn’t based on supply and demand. It’s entirely arbitrary.
BBC Token’s admins set the value of BBC tokens to create the illusion of value where there is none.
Through the app, BBC Token affiliates put in withdrawal requests. BBC Token honors these requests, paying them out with previously invested funds.
As investor recruitment inevitably dwindles, so too do invested funds.
Inevitably BBC Token withdrawals will exceed new investment, which will send the company towards collapse.
Mathematics guarantees the the majority of participants in a Ponzi scheme will lose money.
The largest MLM app wallet Ponzi scheme at the moment is Cloud Token.
Pending a month of never-ending promises, admin Ronald Aai finally confirmed earlier this week that, going forward, the company will no longer be paying out withdrawal requests.
For the most part Cloud Token affiliates are still in denial.
By the time they accept they’ve been scammed, it’ll of course be far too late.
The take-away for prospective BBC Token affiliates is that they too will eventually find themselves in the same position.