Bravad0 Review: BRV ICO “Bot Rewards Program” lending Ponzi
Bravad0 provide no information on their website about who owns or runs the business.
The Bravad0 website domain (“bravad0.com”) was privately registered on March 2nd, 2017.
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.
Bravad0 Products
Bravad0 has no retailable products or services, with affiliates only able to market Bravad0 affiliate membership itself.
The Bravad0 Compensation Plan
Bravad0 affiliates invest in pre-generated BRV points on the representation of an eventual ROI.
Bravad0’s anonymous admins sell BRV points to affiliates for 50 cents to 90 cents each.
Once acquired, BRV points are parked in a “Bot Rewards Program”, which pays “daily interest”.
Referral commissions on funds invested by recruited affiliates are paid down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 7%
- level 2 – 3%
Note that referral commissions are paid in BRV points.
Joining Bravad0
Bravad0 affiliate membership is free, however free affiliates only earn referral commissions.
Full participation in Bravad0 requires investment in BRV points.
The Bravad0 website does not specify a minimum investment amount.
Conclusion
Bravad0 presents itself as an ICO lending Ponzi scheme that goes out of its way to not mention the word “lending”.
Bravad0 affiliates invest in BRV points, something something and through a “Bot Rewards Program” receive a daily ROI.
Bravad0 claim to generate external ROI revenue through “automated bots”.
The use of multiple bots including, a volatility bot and an arbitrage bot that exhibits a consistent and positive return.
A YouTube video on the company’s website is hosted by “Jay from Bravad0”. Jay, who has a distinct European accent, claims to show installation of an arbitrage bot.
This is in addition to the automated ROIs Bravad0 pay through the Bot Rewards Program.
The video shows “Jay” launching a JavaScript program, which he claims is an arbitrage bot.
In a nutshell the bot appears to search through preloaded exchanges and report back potential arbitrage opportunities.
From there a user has to create accounts on the reported exchanges and fund them. They can then manually act on arbitrage opportunities generated by the bot.
This doesn’t have anything to do with Bravad0’s MLM opportunity, nor is it evidence of external ROI revenue generation by the company itself.
As it stands the only verifiable source of revenue entering Bravad0 is newly invested funds.
Paying existing investors a ROI through an internal exchange with newly invested funds makes Bravad0 a Ponzi scheme.
Seeing as there’s no retail activity in Bravad0, paying recruitment commissions also adds an additional pyramid layer to the scheme.
As with the lending ICO model, once affiliate recruitment dies off so too will ROI revenue.
This will see Bravad0 unable to meet its daily ROI obligations, eventually prompting a collapse.
Bravad0’s anonymous admins do a runner with invested funds. Bravad0 affiliates are left holding worthless BRV points.
“Lending program” again? When are people going to wake up to the fact that this crap always fails?
A similar commission plan to the old USI-TECH 7% and 3% over 2 levels.
Can’t these “admins” come up with any original ideas for their new schemes?