Bit Wins Review: 2×5 matrix bitcoin cash gifting
There is no information on the Bit Wins website indicating who owns or runs the website.
The Bit Wins website domain (“bitwins.com”) was privately registered on January 24th, 2016.
The official Bit Wins Facebook group lists Peter Borel as the sole admin of the group.
Borel is based out of Gothenburg, Sweden and announced the launch of Bit Wins on his Facebook profile on February 9th.
Other MLM underbelly scams advertised on Borel’s Facebook page include One Link Matrix, Crypto 24×7, Viral Crypto, Crypto Orbis, Passive Crypto, My Ads Family, The Ads Team, BitDonix, 2×4 Club, M2M Crowdfund, Bitcoin 4 Passive and MMM Global.
Most of these are bitcoin cash gifting schemes, with a few Ponzis thrown in for good measure.
Read on for a full review of the Bit Wins MLM opportunity.
The Bit Wins Product Line
Bit Wins has no retailable products or services, with affiliates only able to market Bit Wins affiliate membership itself.
The Bit Wins Compensation Plan
Bit Wins affiliates gift bitcoin to each other via a 2×6 matrix.
A 2×6 matrix places a Bit Wins affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these first two positions into another two positions each (4 positions).
Levels three to six of the matrix are generated in the same manner, with each new level of the matrix housing twice as many positions as the previous level.
A Bit Wins affiliate begins by gifting 0.001 BTC to the affiliate who recruited them. This payment qualifies the affiliate to receive 0.001 BTC from two affiliates recruited into the first level of their matrix.
Payments across higher Bit Wins matrix levels operate in the same manner, the only difference being the amounts gifted.
- level 1 – gift 0.0005 BTC to the affiliate who recruited you and receive 0.001 BTC from two subsequently recruited affiliates
- level 2 – gift 0.0032 BTC and receive 0.0032 BTC from four affiliates
- level 3 – gift 0.02 BTC and receive 0.02 BTC from eight affiliates
- level 4 – gift 0.224 BTC and receive 0.224 BTC from sixteen affiliates
- level 5 – gift 0.15 BTC and receive 0.15 BTC from thirty-two affiliates
- level 6 – gift 1 BTC and receive 1 BTC from sixty-four affiliates
Joining Bit Wins
Bit Wins affiliate membership is tied to a 0.001 BTC gifting payment to the affiliate who recruited you.
Peter Borel is a serial participant in MLM underbelly scams.
His promotion of Ponzi and gifting schemes dates back to early 2015, before which there is no content on his Facebook profile.
Bit Wins is likely the realization that it is far more profitable to be one scamming people than it is to be scammed.
A Bit Wins affiliate gifts money to whoever recruited them. They then proceed to steal money from people who join after them.
Some of this money is again gifted in, for no other reason than to increase the amount stolen from other affiliates at higher matrix levels.
Bit Wins affiliates must also agree to receive spam from whatever Borel decides to promote after Bit Wins collapses:
We use Personal Information … to contact you about our Site, Marketing Tools, and other linked products and services in which we think you may be interested.
You may choose not to provide us with any Personal Information. In such an occasion, you will not be able to access and use our Site.
Like the rest of the bitcoin gifting schemes going around, Bit Wins primarily benefits the admin who set it up.
Peter Borel knows this all too well, and even issued a New Years directive to those who follow him on Facebook:
Through pass-ups at each matrix level, Peter Borel will receive the majority of funds gifted into Bit Wins.
Some of his buddies will receive what’s left, but once recruitment drops off the majority of Bit Wins affiliates will lose money.