Blockchain Rays Review: 180% monthly ROI MMM Global Ponzi clone
Blockchain Rays provide no information on their website about who owns or runs the business.
The Blockchain Rays website domain (“blockchainrays.com”) was privately registered on December 27th, 2016.
Alexa currently estimate that Nigeria (59%) and India (29%) are the two largest sources of traffic to the Blockchain Rays website.
This strongly suggests whoever is running the company is likely also based out of 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.
Blockchain Rays Products
Blockchain Rays has no retailable products or services, with affiliates only able to market Blockchain Rays affiliate membership itself.
The Blockchain Rays Compensation Plan
Blockchain Rays affiliates invest $5 to $10,000 in bitcoin on the promise of a 30% recurring ROI paid every 5 days (180% or so a month).
Referral commissions are available on funds invested by downline affiliates, paid out 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.
Blockchain Rays cap payable unilevel levels at ten, with commissions paid out as a percentage of funds invested as follows:
- level 1 (personally recruited affiliates) – 10%
- level 2 – 5%
- level 3 – 4%
- level 4 – 3%
- level 5 – 2%
- level 6 – 1%
- levels 7 to 10 – 0.5%
Joining Blockchain Rays
Blockchain Rays affiliate membership is free, however affiliates must invest at least $5 in bitcoin to participate in the attached income opportunity.
Blockchain Rays; “idealogy” reveals it to be an MMM Global Ponzi clone.
lockchain rays is a community where people help each other. Blockchain rays gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE.
Quite obviously nobody in Blockchain Rays is “providing help for free”. Real invested funds are pumped into the scheme and real money is pulled out every 5 days via ROI payments.
The source of ROI revenue is newly invested affiliate funds, which makes Blockchain Rays a Ponzi scheme.
There is no сentral account, where all the System money flows to (and where it can be easily stolen from ). All the money is only on the bitcoin accounts of the participants themselves!
On a lot of thousand and million private accounts. Participants transfer to each other directly.
Affiliates paying affiliates directly adds an additional gifting layer to the scheme.
The reality of “provide help, get help” scams is that they primarily benefit those who set them up.
Be it Sergey Mavrodi in MMM Global or the anonymous scammers running Blockchain Rays, admin(s) set up positions for themselves and then proceed to snatch up the majority of invested funds.
This is built into the system, which prioritizes admin positions over regular affiliate positions when directing newly invested funds.
When affiliate recruitment slows down, so does new funds and the scheme collapses.
A perpetual 180% monthly ROI and better awareness of the MMM Global Ponzi model guarantees Blockchain Rays will collapse sooner rather than later.
As with MMM Global, the majority of affiliates will lose money when it goes under.