Bitcoin Money World Review: 120% ROI MMM Global clone
There is no information on the Bitcoin Money World website indicating who owns or runs the website.
The Bitcoin Money World website domain (“bmwcoins.org”) was registered on May 7th 2016, however the domain registration is set to private.
Alexa currently estimate that 87.4% of traffic to the Bitcoin Money World website originates out of Vietnam (47.8%) and Thailand (39.6%).
This strongly suggests that Bitcoin Money World is likely being operated from one of these two countries.
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.
The Bitcoin Money World Product Line
Bitcoin Money World has no retailable products or services, with affiliates only able to market Bitcoin Money World affiliate membership itself.
The Bitcoin Money World Compensation Plan
The Bitcoin Money World compensation plan sees affiliates invest 1 to 20 BTC on the promise of an advertised 120% ROI.
Bitcoin Money World affiliates invest funds in bitcoin, which are then converted to “tokens”. Bitcoin Money World pay the 120% ROI in tokens, which can then be reinvested or converted back into bitcoin.
Note that in order to withdraw funds from Bitcoin Money World, a minimum 20% re-investment is required (20% of the initial amount invested).
Bitcoin Money World affiliates are paid a 10% referral commission on funds invested by personally recruited affiliates.
Residual commissions in Bitcoin Money World are paid out via a binary compensation structure.
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 consists of two positions. The second level of the binary team is generated by splitting each of the 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 new Bitcoin Money World affiliates.
Commissions are paid out as a paired percentage of daily funds invested on both sides of the binary team.
How much of a percentage is paid out is determined by a Bitcoin Money World affiliate’s rank:
- Member (sign up as a Bitcoin Money World affiliate) – no pairing commission
- BMW1 (recruit and maintain at least three affiliates who invest) – 3% pairing commission
- BMW2 (recruit and maintain at least three BMW1 ranked affiliates) – 4% pairing commission
- BMW3 (recruit and maintain at least three BMW2 ranked affiliates) – 6% pairing commission
- BMW4 (recruit and maintain at least three BMW3 ranked affiliates) – 8% pairing commission
- BMW5 (recruit and maintain at least three BMW4 ranked affiliates) – 10% pairing commission
- BMW6 (recruit and maintain at least three BMW5 ranked affiliates) – 12% pairing commission
Joining Bitcoin Money World
Affiliate membership with Bitcoin Money World is free, however affiliates must invest at least 1 BTC in order to participate in the attached MLM opportunity.
Bitcoin Money World is yet another Ponzi scheme that operates with the “provide help, get help” pseudonyms for “investment” and “ROI”.
Modeled on MMM Global, Bitcoin Money World affiliates invest funds on the promise of a 120% ROI. This ROI is paid out of subsequently invested funds, making Bitcoin Money World a Ponzi scheme.
Recruitment and residual commissions add a pyramid layer to the business, directly and indirectly incentivizing affiliate recruitment.
This is important because, as with all Ponzi schemes, without a constant stream of new affiliates investing funds into the scheme, Bitcoin Money World will collapse.
Citing an inability to pay off investors, this is precisely what happened to MMM Global earlier this year.
Using the same business model, Bitcoin Money World is no different and will eventually suffer the same fate.
When MMM Global collapsed the majority of investors were left out of pocket. The same will happen when Bitcoin Money World goes under.