BitFlowBot Review: $21 in, $30 out Ponzi ROIs
There is no information on the BitFlowBot website indicating who owns or runs the business.
The BitFlowBot website domain (“bitflowbot.com”) was registered on the 28th of April 2015, however the domain registration is set to private.
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 BitFlowBot Product Line
BitFlowBot has no retailable products or services, with affiliates only able to market BitFlowBot affiliate membership itself.
Once signed up, BitFlowBot affiliates can then invest in $21 positions.
Bundled with each of these positions are a series of advertising credits, which can be used to display advertising on the BitFlowBot website itself.
The BitFlowBot Compensation Plan
The BitFlowBot compensation plan sees affiliates invest $21 on the promise of an advertised 21 day $30 ROI:
Our cycle works in three steps:
At each step you will receive $10 within 7 calendar days.
After completing the 3 steps (21 days) you will have received a total of $30.
Referral commissions on investments made by recruited affiliates are paid out down two levels of recruitment (unilevel).
Investments made by personally recruited affiliates pay a 7% commission, with any investments made by affiliates they recruit (level 2) paying 3%.
Affiliate membership with BitFlowBot is free, however free affiliates can only earn referral commissions.
If a BitFlowBot affiliates wishes to fully participate in the offered income opportunity, they must invest in at least one $21 position.
With nothing being marketed or sold to retail customers, BitFlowBot simply shuffles newly invested funds around to pay off existing members.
Bitflowbot is a program based on the daily division of revenues collected.
This is done on a 21 day cycle, with $10 promised every 7 days.
Note that contradictory information exists on the BitFlowBot website, with it stated elsewhere that
There is the exact time to cycle.
The time will depend on the sale of ad packages and our daily revenues in other areas.
In any event, ROI payments are only possible with a constant injection of newly invested funds.
When those dry up and BitFlowBot miss a 7-day $10 ROI deadline, you can pretty much bet on an imminent collapse.
Once that happens, kaboom.