BTC Money System Review: Ten-level deep bitcoin gifting
BTC Money System provide no information on their website about who owns or runs the business.
The BTC Money System website domain (“btcmoneysystem.com”) was privately registered on December 21st, 2016.
There are five listed admins of the official BTC Money System Facebook group; Rajeev Yadav, Gio Dante, Tyler Grindler Styles, Kitt Biz and Gio Dilon.
It is unclear which of these Facebook group admins owns BTC Money System.
At the time of publication Alexa rank India (21%) and Nigeria (9%) as the top two sources of traffic to the BTC Money System website.
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.
BTC Money System Products
BTC Money System has no retailable products or services, with affiliates only able to market BTC Money System affiliate membership itself.
The BTC Money System Compensation Plan
BTC Money System affiliates gift bitcoin to each other 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.
A BTC Money System affiliate signs up and deposits 0.012 BTC.
BTC Money System keep 0.002 BTC and split the remaining 0.01 BTC evenly across ten upline unilevel levels.
In turn, each affiliate recruited into the unilevel team within ten levels who pays the 0.012 BTC gifting fee generates a 0.001 BTC gifting payment.
Eg. You sign up and pay 0.012 BTC. BTC Money System keeps 0.002 BTC and splits the remaining 0.01 BTC ten levels upline (to the affiliate who recruited you, the affiliate who recruited them and so forth).
You then recruit people into your unilevel team and collect 0.001 BTC per affiliate recruited. You residually collect 0.001 BTC from affiliates recruited into your unilevel team down ten levels of recruitment.
Joining BTC Money System
BTC Money System affiliate membership is tied to a 0.012 BTC gifting payment.
As per the BTC Money System website, their
unique multilevel system allows people to generate passive income just by referring other people into the system.
There’s absolutely nothing unique about bitcoin gifting schemes. If anything, they are one of the most prevalent MLM underbelly scams today.
The gifting element within BTC Money System occurs with affiliates paying affiliates. The anonymous BTC Money System admin skims 0.012 BTC of every payment, with the rest split between upline affiliates.
In turn, the only way to make money in BTC Money System is to recruit new victims and steal from them.
The dependency on affiliate recruitment adds an additional pyramid layer to the scam.
As with all gifting schemes, once affiliate recruitment dries up so too will gifting payments. Despite this, BTC Money System offer a 100% guarantee:
Do you guarantee earnings to members?
We can guarantee that the system will 100% work.
Such guarantees are baloney. Each BTC Money System affiliate requires twelve new recruits to join just to break even – and that’s obviously not going to happen for most.
Once affiliate recruitment dips to the point a collapse is triggered, the majority of BTC Money System affiliates will lose money.
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