Palilula Mining Review: Dragon Mining Tech B2G Ponzi scheme
Palilula Mining is one of Dragon Mining Tech’s “dragon programs”.
Dragon Mining Tech is tied to the collapsed Bitcoiin pump and dump altcoin.
After allegedly raising $75 million dollars for their B2G ICO, Bitcoiin’s anonymous owners abandoned the project and did a runner.
Dragon Mining Tech is what’s left and, through spin-off companies like Start Options, Bitcoin Trading World, Crypto Mining Space and Palilula Mining, are trying to milk investors out of even more money.
Dragon Mining Tech is believed to have strong ties to China however, like Bitcoiin, who owns and/or runs the company is not disclosed.
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.
Palilula Mining Products
Palilula Mining has no retailable products or services, with affiliates only able to market Palilula Mining affiliate membership itself.
The Palilula Mining Compensation Plan
Palilula Mining affiliates invest $1000 or more in B2G on the promise of a monthly ROI for 90 days (approx 3 months).
- Starter – invest $1000 or more and receive a monthly ROI of up to 30%
- Basic – invest $8500 or more and receive a monthly ROI of up to 40%
- Advanced – invest $30,000 or more and receive a monthly ROI of up to 50%
“Customized plans” for “big investment” are also available (not disclosed).
Referral commissions on invested funds are available on up to five levels of recruitment, however specifics are not provided.
Joining Palilula Mining
Palilula Mining affiliate membership is tied to a minimum $1000 investment in B2G.
Outside of Dragon Mining Tech and their income opportunities B2G is worthless.
Dragon Mining Tech have set up an internal exchange, Thorex, through which new investors pay existing Bitcoiin B2G investors real money for B2G points.
The going B2G rate is set and controlled by Dragon Mining Tech itself.
Palilula Mining is one arm through which Dragon Mining Tech offloads pre-generated B2G through.
Palilula Mining claim to generate ROI revenue through B2G mining and cryptocurrency trading.
B2G mining in and of itself is not profitable and no evidence of cryptocurrency trading is provided.
Ultimately the ROI Palilula Mining pay out is imaginary until new investors are duped through Thorex.
Given how Thorex works, Palilula Mining is part of a larger B2G Ponzi scheme.
As with all Ponzi schemes, once new investor recruitment slows down so too will newly invested funds.
This will see Dragon Mining Tech’s various schemes collapse.
Investor losses however won’t be realized until affiliates realize there’s nobody left to buy their worthless B2G points.
By then it’ll be too late, much like the original Bitcoiin B2G ICO.
Update 6th February 2021 – Palilula Mining was part of Kristijan Krstic’s $70 million dollar+ Ponzi empire.
Krstic was arrested in Serbia on behalf of US authorities in mid 2020.