BeOnWise Review: 2.77% a day Boris CEO Ponzi scheme
BeOnWise fails to provide ownership or corporate information on its website.
In an attempt to appear legitimate, BeOnWise provides an incorporation certificate for BeOnWise Limited in Ireland.
For the purpose of MLM due-diligence, basic incorporation in any jurisdiction is meaningless. This is due to the ease with which bogus details can be used to incorporate shell companies.
BeOnWise has an official YouTube channel, on which it has uploaded a few rented office videos.
These videos climax in a CEO multi-lingual series, put out 6 to 3 days ago. Thee videos are all dubbed, with the English original conspicuously absent.
Nonetheless if you listen carefully, the actor playing CEO “Ronan Patrick O’Sullivan” has an eastern-European accent.
This, along with the fact O’Sullivan doesn’t exist outside of BeOnWise, makes him a prime Boris CEO candidate.
Boris CEO schemes are typically the work of Russians or Ukrainians.
Update 26th April 2022 – BeOnWise has received a pyramid fraud warning from the Central Bank of Russia. /end update
BeOnWise’s website domain (“beonwise.com”), was privately registered on November 1st, 2021.
Despite not existing until late 2021, on its website BeOnWise falsely represents it has been around since 2018.
At time of publication Alexa ranks top sources of traffic to BeOnWise’s website as Vietnam (28%), Peru (23%) and South Korea (9%).
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.
BeOnWise has no retailable products or services.
Affiliates are only able to market BeOnWise affiliate membership itself.
BeOnWise’s Compensation Plan
BeOnWise affiliates invest cryptocurrency on the promise of an advertised return.
- Green Case – invest $25 to $500 and receive 0.8% to 1.25% a day for 11 days
- Blue Case – invest $500 to $5000 and receive 1.3% to 1.68% a day for 22 days
- Gold Case – invest $5000 to $50,000 and receive 1.7% to 2.11% a day for 55 days
- Black Case – invest $50,000 to $1,000,000 and receive 2.2% to 2.77% a day for 77 days
- Lite Futures – invest $100 to $5000 and receive 2.3% to 3% a day for 88 days
- Wise Futures – invest $1000 to $100,000 and receive 3.1% to 3.5% a day for 100 days
Note that while the above amounts are quoted in USD, BeOnWise only solicits investment in cryptocurrency.
The MLM side of BeOnWise pays commissions on cryptocurrency invested by recruited affiliates.
BeOnWise Affiliate Ranks
There are ten affiliate ranks within BeOnWise’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Member – sign up as a BeOnWise affiliate
- Partner – generate $15,000 in downline investment volume
- Mentor – generate $40,000 in downline investment volume
- Agent – generate $100,000 in downline investment volume
- Leader – generate $300,000 in downline investment volume
- Representative – generate $800,000 in downline investment volume
- Director – generate $1,500,000 in downline investment volume
- Regional Representative – generate $5,000,000 in downline investment volume
- Master – generate $15,000,000 in downline investment volume
- Wise – generate $50,000,000 in downline investment volume
Note that BeOnWise don’t count downline investment volume using a 1:1 ratio.
- 100% of funds invested on level 1 count towards qualification
- 80% of funds invested on level 2 count towards qualification
- 70% of funds invested on level 3 count towards qualification
- 60% of funds invested on level 4 count towards qualification
- 50% of funds invested on level 5 count towards qualification
- 40% of funds invested on level 6 count towards qualification
- 30% of funds invested on level 7 count towards qualification
- 20% of funds invested on level 8 count towards qualification
- 10% of funds invested on level 9 and deeper count towards qualification
For an explanation on levels see “referral commissions” below.
BeOnWise 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.
BeOnWise caps payable unilevel team levels a twenty.
Referral commissions are paid as a percentage of cryptocurrency invested across these twenty levels based on rank:
- Members earn 5% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on level 3
- Partners earn 6% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 and 5
- Mentors earn 6% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 7
- Agents earn 7% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 9
- Leaders earn 7% on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 to 11
- Representatives earn 8% on level 1, 4% on level 2, 2% on levels 3 and 4 and 1% on levels 5 to 13
- Directors earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 13 and 0.5% on levels 14 and 15
- Regional Representatives earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 14 and 0.5% on levels 15 to 18
- Masters earn 9% on level 1, 5% on level 2, 4% on level 3, 2% on levels 4 and 5, 1% on levels 6 to 16 and 0.5% on levels 17 to 19
- Wises earn 10% on level 1, 6% on level 2, 5% on level 3, 3% on level 4, 2% on level 5 and 1% on levels 6 to 20
Rank Achievement Bonus
BeOnWise rewards affiliates for qualifying at Partner and higher with the following one-time Rank Achievement Bonuses:
- qualify at Partner and receive $100
- qualify at Mentor and receive $500
- qualify at Agent and receive $1000
- qualify at Leader and receive $2500
- qualify at Representative and receive $5000
- qualify at Director and receive $15,000
- qualify at Regional Representative and receive $50,000
- qualify at Master and receive $100,000
- qualify at Wise and receive $250,000
BeOnWise affiliate membership is free.
Full participation in the attached income opportunity requires a minimum $25 investment in cryptocurrency.
BeOnWise solicits investment in litecoin, ethereum, tron and bitcoin.
BeOnWise represents it generates external revenue via trading.
Our company professionally trades in the cryptocurrency markets for the purpose of profiting from the use of its own and raised capital.
There is no evidence of BeOnWise being engaged in trading activity. Or any activity that generates external revenue.
The only verifiable source of revenue entering BeOnWise is new investment. When used to pay returns, this makes BeOnWise a Ponzi scheme.
That much should have been obvious when BeOnWise trotted out the actors.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BeOnWise of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 14th January 2023 – BeOnWise collapsed on or around May 2022.
Eight months later, the Central Bank of Ireland issued a BeOnWise securities fraud warning.
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