Beonbit fails to provide verifiable ownership or executive information on its website.

The only reference to BeonBit’s CEO is a news entry for a marketing video:

In the obligatory rented office video featuring “Richard Bates”, we find an actor with an eastern European accent.

This is typical of Boris CEO schemes, which are typically run by Russian and/or Ukrainian scammers.

It should be noted that Bates and the other actors are recent additions to Beonbit. Up until late December 2024 the company was faceless.

In an attempt to appear legitimate, Beonbit provides a registration certificate for Beonbit Pty Ltd.

Beonbit Pty Ltd was registered with the Australian Securities and Investments Commission (ASIC), on December 12th, 2023. Nothing has been filed with ASIC beyond Beonbit’s 2023 company registration application.

ASIC are known for non-regulation of MLM fraud. Furthermore anyone can register a company with ASIC using whatever bogus details, there is no verification.

For this reason ASIC registration is favored by scammers residing outside of Australia.

With respect to MLM due-diligence, ASIC registration certificate as proof of legitimacy is therefore meaningless.

Beonbit’s website domain (“beonbit.com”), was privately registered on October 3rd, 2023.

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.

Beonbit’s Products

Beonbit has no retailable products or services.

Affiliates are only able to market Beonbit affiliate membership itself.

Beonbit’s Compensation Plan

Beonbit affiliates invest USD equivalents in cryptocurrency.

This is done on the promise of advertised passive returns:

  • Basic – invest $25 to $1000 USD and receive 1% to 1.5% daily for 15 days
  • Advanced – invest $1000 to $10,000 and receive 1.5% to 2% daily for 25 days
  • Premium – invest $10,000 to $50,000 and receive 2% to 2.5% daily for 50 days
  • Expert – invest $50,000 to $500,000 and receive 2.5% to 3% daily for 75 days
  • Master – invest $100 to $50,000 [sic] and receive 3% to 4.5% daily for 90 days
  • Professional – invest $50,000 to $500,000 and receive 4.5% to 5.6% a day for 150 days

Note at the Master and Professional tier withdrawals are disabled till the end of the investment period.

The MLM side of Beonbit pays on recruitment of affiliate investors.

Beonbit Affiliate Ranks

There are fifteen affiliate ranks within Beonbit’s compensation plan.

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

  1. Beginner – sign up as a Beonbit affiliate
  2. Partners – generate $25,000 in downline investment
  3. Inviter – generate $70,000 in downline investment
  4. Developer – generate $250,000 in downline investment
  5. Superior – generate $400,000 in downline investment
  6. Mentor – generate $1,000,000 in downline investment
  7. Leader – generate $2,000,000 in downline investment
  8. Top Leader – generate $5,000,000 in downline investment
  9. Manager – generate $7,000,000 in downline investment
  10. Top Manager – generate $15,000,000 in downline investment
  11. Senior Manager – generate $25,000,000 in downline investment
  12. Director – generate $35,000,000 in downline investment
  13. Gold Director – generate $50,000,000 in downline investment
  14. Diamond Director – generate $75,000,000 in downline investment
  15. President – generate $100,000,000 in downline investment

Referral Commissions

Beonbit 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.

Beonbit caps payable unilevel team levels at fifteen.

Referral commissions are paid as a percentage of cryptocurrency invested across these fifteen levels based on rank:

  • Beginners earn 6% on level 1 (personally recruited affiliates), 2% on level 2 and 1% on levels 3 to 5
  • Partners earn 7% on level 1, 3% on level 2 and 1% on levels 3 to 5
  • Inviters earn 7% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 3 to 6
  • Developers earn 8% on level 1, 3% on level 2, 2% on level 3, 1.5% on level 4 and 1% on levels 5 and 6
  • Superiors earn 9% on level 1, 3% on level 2, 2% on level 3, 1.5% on level 4 and 1% on levels 5 to 7
  • Mentors earn 10% on level 1, 3% on level 2, 2% on levels 3 and 4 and 1% on levels 5 to 7
  • Leaders earn 10% on level 1, 4% on level 2, 2% on levels 3 and 4, 1.5% on level 5, 1% on levels 6 and 7 and 0.5% on level 8
  • Top Leaders earn 10% on level 1, 5% on level 2, 2.5% on level 3, 2% on level 4, 1.5% on level 5 and 1% on levels 6 to 8
  • Managers earn 11% on level 1, 5% on level 2, 3% on level 3, 2% on levels 4 and 5, 1% on levels 6 to 8 and 0.5% on level 9
  • Top Managers earn 11% on level 1, 6% on level 2, 3% on level 3, 2% on levels 4 and 5 and 1% on levels 6 to 10
  • Senior Managers earn 12% on level 1, 6% on level 2, 4% on level 3, 2% on levels 4 and 5, 1.5% on level 6 and 1% on levels 7 to 11
  • Directors earn 12% on level 1, 7% on level 2, 5% on level 3, 3% on level 4, 2% on levels 5 and 6 and 1% on levels 7 to 12
  • Gold Directors earn 13% on level 1, 7% on level 2, 5% on level 3, 3% on level 4, 2% on levels 5 and 6 and 1% on levels 7 to 13
  • Diamond Directors earn 14% on level 1, 8% on level 2, 5% on level 3, 3% on level 4, 2% on levels 5 to 7 and 1% on levels 8 to 14
  • Presidents earn 15% on level 1, 8% on level 2, 5% on level 3, 4% on level 4, 3% on level 5, 2% on levels 6 and 7 and 1% on levels 8 to 15

Joining Beonbit

Beonbit affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $25 investment.

Beonbit solicits investment in various cryptocurrencies.

Beonbit Conclusion

Beonbit represents it generates external revenue via a typical AI trading ruse:

We specialize in big data analysis using our own artificial intelligence, which allows us to predict market trends and optimize our trading strategies.

No evidence of Beonbit generating external revenue of any kind is provided. Such evidence would be filed audited financial reports with ASIC.

As it stands, the only verifiable source of revenue entering Beonbit is new investment.

Using new investment to pay ROI withdrawals would make Beonbit a Ponzi scheme. Additionally, with nothing marketed or sold to retail customers, the MLM side of Beonbit operates as a pyramid scheme.

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

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

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