Biteroi Review: Cookie-cutter crypto trading Ponzi scheme script
Biteroi provide no information on their website about who owns or runs the business.
The Biteroi website domain (“biteroi.com”) was privately registered on March 30th, 2018.
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.
Biteroi has no retailable products or services, with affiliates only able to market Biteroi affiliate membership itself.
The Biteroi Compensation Plan
Biteroi affiliates invest funds on the promise of a “3% to 3.83% per day” ROI.
- invest $25 to $50,000 and receive a 3% daily ROI for 60 days (180%)
- invest $100 to $100,000 and receive a 25% weekly ROI for 12 weeks (300%)
- invest $500 to $200,000 and receive a 115% monthly ROI for 4 months (460%)
Biteroi pay referral commissions on invested funds 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.
Biteroi cap payable unilevel levels at four, with commissions paid out as a percentage of funds invested as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 10%
- levels 3 and 4 – 1%
Biteroi affiliate membership is free, however free affiliates only earn referral commissions.
Full participation in the Biteroi income opportunity requires a minimum $25 investment.
Biteroi claim to generate ROI revenue through cryptocurrency trading.
Biteroi LTD is an investment company which trading cryptocurrency.
The investment portfolio is managed by our team of skilled experts who have been working on the cryptocurrency exchange market for more than 3 years.
No evidence of any cryptocurrency trading is provided.
With a simple change of the year number, we’ve traced this exact same pitch to the Coinsera Ponzi scheme, circa 2015:
The copy that appears on the Biteroi website is mostly copy and pasted and appears on the websites of similar schemes.
These scams take little effort to set up and typically promise ridiculous ROIs through cryptocurrency trading or mining.
It is likely the same scammer or a group of scammers are behind them.
In the end Ponzi schemes like Biteroi and Coinsera play out the same.
Unless you’re running the scam or get in early and convince others to invest, you’re going to lose your money.