BNB Profit Review: BinanceCoin 200% ROI bandwagon Ponzi
BNB Profit provides no information on its website about who owns or runs the company.
BNB Profit’s website domain (“bnbprofit.io”) was privately registered on March 4th, 2021.
A YouTube video embedded on BNB Profit’s website is titled “BNB Profit Presentation Zoom with Jose 4-13-2021“.
At approximately [0:53] into the video the man Jose does identify himself but I couldn’t catch his last name.
Jose thanks Andrew Curto for “inviting” him to speak on the presentation. Fortune Five, the YouTube channel hosting the video, has multiple videos featuring Curto.
According to Andrew Curto’s Facecbook profile he’s based out of Arizona.
Prior to BNB Profit Curto was promoting the TronCase Ponzi scheme.
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.
BNB Profit’s Products
BNB Profit has no retailable products or services, with affiliates only able to market BNB Profit affiliate membership itself.
BNB Profit’s Compensation Plan
BNB Profit affiliates invest bitcoin, tether, ethereum or binance coin (BNB) on the promise of a 2.2% daily return.
BNB Profit investment tiers are as follows:
- 0.25 BNB
- 0.5 BNB
- 1 BNB
- 2 BNB
- 4 BNB
- 8 BNB
- 12 BNB
- 20 BNB
BNB Profits pays its 2.2% daily return in BNB tokens. Once a 200% ROI is reached, reinvestment is required in order to continue earning.
Note that there is also a 0.1 BNB affiliate membership tier. This tier doesn’t receive daily returns, it is only used to earn residual commissions (see below).
BNB pays residual commissions 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 houses two positions. The second level of the binary team is generated by splitting these first 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 affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day BNB Profit tallies up new investment volume on both sides of the binary team.
Affiliates are paid a percentage of funds invested across their weaker binary team side.
Residual commission rates are determined by how much a BNB Profit affiliate has invested:
- invest 0.1 BNB and receive a 3% residual commission rate
- invest 0.25 BNB and receive a 4% residual commission rate
- invest 0.5 BNB and receive a 5% residual commission rate
- invest 1 BNB and receive a 6% residual commission rate
- invest 2 BNB and receive a 7% residual commission rate
- invest 4 BNB and receive an 8% residual commission rate
- invest 8 BNB and receive a 10% residual commission rate
- invest 12 BNB and receive a 12% residual commission rate
- invest 20 BNB and receive a 15% residual commission rate
Once paid out on, volume is matched against the stronger binary team side and flushed.
Any leftover volume on the stronger binary team side carries over.
Joining BNB Profit
Basic BNB Profit affiliate membership is 0.5 BNB.
Full participation in the attached income opportunity requires an initial 0.25 to 20 BNB investment.
BNB Profit solicits investment in bitcoin, tether, ethereum and binance coin.
BNB Profit represents it generates external revenue through “automated layered farming”.
What’s automated layered farming? Glad you asked!
You will be able to earn 2.2% every day over the amount applied through the automated farming service, which uses the basis of Swap (decentralized trade of crypto-assets) and Yield Farming (application of assets in long-term “pools”) ensuring success to the applications of our clients!
Still confused? It doesn’t matter. Automated layered farming is just another crypto bro bullshit term.
It doesn’t mean anything and has nothing to do with how BNB Profit pays returns.
The only verifiable source of revenue entering BNB Profit is new investment. All the company is doing is recycling new investment to pay existing affiliates a return.
Said return appears in affiliate backoffices, it doesn’t exist until its withdrawn.
Withdrawals are paid with previously invested BNB, making BNB Profit a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve BNB Profit of ROI revenue, eventually prompting a collapse. The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Update 31st August 2021 – BNB Profit appears to have collapsed.
Affiliates begun reporting non-payment from approximately June 2021. BNB Profit’s Telegram support account was abandoned around the same time.
At the time of publication BNB Profit’s website is still up, however withdrawals remain unpaid since June.
Total BNB Profit affiliate investor losses are unknown.