Paytron BTC Review: Twin five-tier bitcoin Ponzi cycler
Paytron BTC provides no information about who owns or runs the company on their website.
Further research reveals an official Paytron BTC YouTube channel. The video hosts three Paytron BTC marketing videos, each narrated by Johnny Ganoza.
I was able to verify company ownership with a visit to Ganoza’s “Johnny Gan” Facebook profiles:
Johnny Ganoza (right) has appeared on BehindMLM in connection with a number of schemes over the years.
These include Xtreme Pro System (2014), Average Joe Profit System (2015), PowerPost Profits (2015), The PLR System (2015), The $100 System (2016), Post 2 Profits (2017), Hustle With Us (2017), BitPayProfits (2017) and Infinity Loops (2018).
Ganoza’s schemes all have fraudulent business models and tend to collapse shortly after launch.
Read on for a full review of the Paytron BTC MLM opportunity.
Paytron BTC’s Products
Paytron BTC has no retailable products or services, with affiliates only able to market Paytron BTC affiliate membership itself.
Paytron BTC’s Compensation Plan
Paytron affiliates pay $40 for one position in two 2×2 matrix cyclers.
A 2×2 matrix places a Paytron BTC affiliate at the top of a matrix, with two positions directly under them.
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
One of the matrices a Paytron BTC affiliate buys into fills based on upline/and downline recruitment. The other fills based on company-wide recruitment efforts.
Commissions are tied to filling both matrices up.
As positions in a matrix are filled via direct and indirect recruitment, commissions are paid out.
Once all positions in a matrix are filled, a position “cycles” into the next tier of the cycler.
Both cyclers within Paytron BTC have five tiers.
Cycler commissions are identical across both cyclers and are paid out as follows:
- Tier 1 – $30 commission and cycles into Tier 2
- Tier 2 – $100 commission and cycles into Tier 3
- Tier 3 – $200 commission and cycles into Tier 4
- Tier 4 – $400 commission and cycles into Tier 5
- Tier 5 – $1550 commission and generates a new Tier 5 cycler position
Joining Paytron BTC
Paytron BTC affiliate membership costs $50.
$40 is used to fund two $20 cycler positions. The remaining $10 is an admin fee.
Note that all payments within Paytron BTC are made in bitcoin.
Paytron BTC markets itself as a “crowdfunding platform”.
Payments within this platform are incorrectly referred to as “donations”.
What is the min donation to start with to get a campaign center?
A $50 donation is required to get a donation center. $10 admin fee and $40 to get the dontion [sic] center activated.
The difference between legitimate donations and Paytron BTC is that legitimate donations have no strings attached.
Payments within Paytron BTC are part of an income opportunity. They have nothing to do with crowdfunding or donations.
Paytron BTC’s business model is that of a simple Ponzi cycler.
Affiliates invest $40 in cycler positions. Cycler returns are funded by subsequent investment in positions, which is literally the definition of a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
Being a Ponzi cycler this will see matrices within Paytron BTC begin to stall.
Eventually enough matrices will have stalled such that an irreversible collapse is triggered.
Johnny Ganoza, in addition to the $10 admin fees he skims off the top and cycle commissions earned through admin position(s), keeps funds trapped in the system.
Everybody else loses out.