Btether Review: Tether mining “click a button” app Ponzi
Btether provides no information on its website about who owns or runs the company.
Btether’s website is a login gateway to the company’s app, through which its MLM opportunity is run through.
Btether’s website domain (“btether.com”), was privately registered on July 23rd, 2022.
If we look at the source-code of GoodTRX’s website source-code, we find Chinese:
This strongly suggests whoever is behind GoodTRX has ties to China.
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.
Btether has no retailable products or services.
Affiliates are only able to market Btether affiliate membership itself.
Btether’s Compensation Plan
Btether affiliates invest tether (USDT). This is done on the promise of advertised returns:
- VIP1 – invest 1 to 499 USDT and receive 15% a day
- VIP2 – invest 500 to 1999 USDT and receive 16% a day
- VIP3 – invest 2000 to 9999 USDT and receive 18% a day
- VIP4 – invest 10,000 to 49,999 USDT and receive 22% a day
- VIP5 – invest 50,000 to 99,999 USDT and receive 26% a day
- VIP6 – invest 100,000 to 999,999 USDT and receive 30% a day
There doesn’t appear to be any limit to Btether’s advertised returns.
Btether pays referral commissions on invested tether down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 15%
- level 2 – 8%
- level 3 – 5%
Btether affiliate membership is free.
Full participation in the attached income opportunity requires a 1 to 999,999 USDT investment.
Btether is another app-based task Ponzi scheme from what appears to be Chinese scammers.
Btether’s Ponzi ruse is “cloud mining”. Btether represents “clicking a button” equates to “the purchase of cloud computing power”.
It doesn’t. All Btether is doing is recycling invested funds to pay returns.
Btether is part of a group of “click a button” app Ponzis that have emerged since late 2021.
Including Btether, BehindMLM has thus far documented thirty-five “click a button” app Ponzis. Most of them last a few weeks to a few months before collapsing.
The same group of Chinese scammers are believed to be behind the “click a button” app Ponzi plague.
They scammed me.