CashFlow NFT is dead. In its place we now have Bellator.

Before we get into Bellator, here’s the history of CashFlow NFT leading up to this point:

As of February 2025;

  • CashFlow NFT’s website is still up but has no monthly traffic (SimilarWeb)
  • Boogie Gopher Club’s official Twitter page was abandoned in November 2023, Instagram was abandoned in April 2024
  • MetaTerra Corp is delinquent in its 10-K filing with the SEC for 2023 (originally due April 1st, 2024)
  • MetaTerra Corp’s last financial filing with the SEC was a quarterly report on November 14th, 2023

I’ll leave it up to you to figure out why MetaTerra Corp has been unable to file audited financial reports pertaining to CashFlow NFT and associated companies.

CashFlow NFT was run by former OneCoin Ponzi promoter Micah Theard.

CashFlow NFT is tied to Miracle Cash & More, a company run by Turkish national Hakan Törehan.

Bellator is more of the same with Theard running the show and Törehan and associates hiding in the background.

After stealing a bunch of money through OneCoin, Theard relocated to Cyprus. Törehan has ties to Cyprus and Turkey.

Read on for a full review of Bellator’s MLM opportunity.

Bellator’s Products

Bellator has no retailable products or services.

Affiliates are only able to market Bellator affiliate membership itself.

Bellator’s Compensation Plan

Bellator affiliates sign up and invest $600 to $8400 on the promise of a daily passive return:

  • Small – $600
  • Medium – $1200
  • Large – $3600
  • Pro – $8400

Bellator pays daily returns in its native phoenic token (PNIC).

The MLM side of Bellator pays on recruitment of affiliates who do the same.

Bellator Affiliate Ranks

There are five affiliate ranks within Bellator’s compensation plan.

Along with their respective qualification criteria, they are as follows:

  1. Difference Maker – sell two Bellator investments totalling at least $2200
  2. Winner – have one Difference Maker or higher in three recruitment legs
  3. Leader – have one Winner or higher in three recruitment legs
  4. Champion – have one Leader or higher in three recruitment legs
  5. Legend – have one Champion or higher in three recruitment legs

Referral Commissions

Bellator affiliates earn a referral commission on invested by personally recruited affiliates:

  • recruit a Small tier affiliate = $110
  • recruit Medium tier affiliate = $225
  • recruit a Large tier affiliate = $700
  • recruit a Pro tier affiliate = $1715

Residual Commissions (unilevel)

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.

Bellator caps payable unilevel team levels at fifteen.

Residual commissions are paid as a percentage of daily returns paid out across these fifteen levels based on rank:

  • Difference Makers receive 5% on level 1 (personally recruited affiliates), 4% on levels 2 and 3, 5% on level 4 and 6% on level 5
  • Winners receive 5% on level 1, 4% on levels 2 and 3, 5% on level 4, 6% on level 5, 8% on level 6, 10% on levels 7 to 9 and 8% on level 10
  • Leaders and higher receive 5% on level 1, 4% on levels 2 and 3, 5% on level 4, 6% on level 5, 8% on level 6, 10% on levels 7 to 9, 8% on level 10, 7% on levels 11 and 12, 6% on level 13 and 5% on levels 14 and 15

Residual Commissions (binary)

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

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first 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 affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each day Bellator tallies up new investment volume on both sides of the binary team.

Affiliates are paid a percentage of new investment volume on their weaker binary team side based on the amount:

  • up to $9999 in new investment volume = 10%
  • up to $19,999 in new investment volume = 12%
  • up to $29,999 in new investment volume = 14%
  • up to $39,999 in new investment volume = 16%
  • up to $49,999 in new investment volume = 18%
  • $50,000 or more in new investment volume = 20%

Note Bellator also caps residual binary commissions based on rank:

  • Difference Makers earn up to $100 a day
  • Winners earn up to $200 a day
  • Leaders earn up to $1000 a day
  • Champions earn up to $5000 a day
  • Legends earn up to $25,000 a day

Once paid out on volume is matched against the stronger binary team side and flushed. Leftover volume on the stronger binary team side carries over.

Matching Bonus

Bellator pays a Matching Bonus on residual commissions earned by personally recruited affiliates.

The Matching Bonus is paid out based on rank:

  • Difference Makers earn a 5% match
  • Winners who have invested at the Small tier or higher earn a 10% match
  • Leaders who’ve invested at the Medium tier or higher earn a 15% match
  • Champions who’ve invested at the Large tier or higher earn a 20% match
  • Legends who’ve invested at the Pro tier or higher earn a 25% match

Rank Achievement Bonus

Bellator rewards affiliates for qualifying at Winner or higher with the following one-time Rank Achievement Bonuses:

  • qualify at Winner and receive $500
  • qualify at Leader and receive $2500
  • qualify at Champion and receive $10,000
  • qualify at Legend and receive $50,000

Joining Bellator

Bellator affiliate membership is free.

Full participation in the attached income opportunity requires a $600 to $8400 investment.

Bellator Conclusion

Bellator is a continuation of the “CPU ownership” investment scheme started with BG Lifestyle Club in late 2024.

Underneath the new coat of paint is the same unregistered and therefore fraudulent investment scheme. Hardly surprising seeing as Micah Theard and Hakan Törehan have been committing securities fraud since at least 2022.

Bellator’s business model is simple enough, affiliates invest in positions that, in Theard’s own words, “pay out daily for life”.

Revenue generated to pay daily returns is purportedly generated through Phoenic Hera, a crypto casino that doesn’t exist yet.

An October 2024 press-release claims Phoenic Hera will be completed in 2027. That doesn’t seem to have stopped BG Lifestyle Club and now Bellator from selling investment positions tied to the casino since late 2024 though.

There’s somewhat of an irony with Phoenic Hera being a crypto casino given Törehan’s past.

Back in 2017 Torehan was arrested in connection with an “illegal gambling ring” and association with “organized crime”. Specifically, Torehan was charged with “providing financing for illegal online gambling sites”.

Torehan was convicted in 2019 and sentenced to one year in prison.

Getting back to Bellator, with nothing marketed or sold to retail customers, the MLM side of Bellator operates as a pyramid scheme.

As it stands the only verifiable source of revenue entering Bellator is new investment. Using new investment to pay ROI withdrawals would make Bellator a Ponzi scheme.

CashFlow NFT and Boogie Gopher Club returns drying up as investor recruitment collapsed is hardly a coincidence.

Central to Bellator is the CashFlow NFT era launched phoenic token.

Phoenic token launched publicly in June 2024 and, after Ponzi pumping to 32 cents in July 2024, has since dumped to 0.4 cents.

Nonetheless, Bellator is soliciting investment on projections tied to PNIC’s “number go up”:

On the regulatory front, as previously noted, MetaTerra hasn’t filed anything with the SEC since late 2023. In other words, Bellator’s passive returns investment scheme at a minimum constitutes securities fraud.

Of note is MetaTerra making an appearance in Bellator’s marketing:

Theard however doesn’t address MetaTerra’s delinquent SEC filings.

Nonetheless marketing suggests Bellator is planning to run a marketing event in New Orleans later this year:

One aspect of Bellator’s offering we haven’t discussed is Miracle Banq.

Miracle Banq is more of an adjacent scheme to Bellator but is worth noting as an additional vector of fraud tied to the overall Miracle Cash & More scheme.

In a nutshell, Miracle Banq has been set up to circumvent financial laws and regulations and launder money.

In Micah Theard’s own words;

What’s great about this is that we’ve discovered, or lived through, many instances where people are having a hard time to move their money. Because they’re being stopped.

Where’s that money going? What is it for? We will not allow you to do that.

And the worst of all is now you’ve done it, we’re asking you why you did it and then when we’re not satisfied with the answer, we close your account.

This has happened and its happend many times.

So Miracle Banq solves that. Now you have that account, you wire the money to yourself.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve Bellator of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

Look no further than CashFlow NFT and Boogie Gopher Club to see this in action.