RideBNB Review: BNB MLM crypto gifting scheme
RideBNB fails to provide ownership or executive information on its website.
In fact pretending RideBNB doesn’t have an owner is part of RideBNB’s marketing:
RideBNB has three known website domains it operates from:
- ridebnb.live – privately registered on July 6th, 2024
- bnbfactory.cloud – privately registered on August 23rd, 2024
- rideop.pro – privately registered on August 16th, 2024
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.
RideBNB’s Products
RideBNB has no retailable products or services.
Affiliates are only able to market RideBNB affiliate membership itself.
RideBNB’s Compensation Plan
RideBNB affiliates purchase 0.004 BNB positions in a twelve tier gifting scheme.
RideBNB’s gifting scheme is run through a 2×12 matrix.
A 2×12 matrix places a RideBNB 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 (four positions).
Levels three to twelve of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
Each level of the 2×12 matrix operates as a gifting tier, requiring RideBNB affiliates to buy-in to the tier in order to receive gifting payments across it.
Note that the first gifting tier is an exception. While two recruits are required to unlock level 2 of the matrix, RideBNB affiliates earn receive the 0.004 BNB gifting buy-in from every affiliate they recruit.
With that exception in mind, gifting payments across RideBNB’s 2×12 matrix are as follows:
- Beginner – make a 0.0044 BNB gifting payment and receive 0.004 BNB from two recruited affiliates
- Influencer – make a 0.0063 BNB gifting payment and receive 0.006 BNB from four recruited affiliates
- Achiever – make a 0.0126 BNB gifting payment and receive 0.012 BNB from eight recruited affiliates
- Ambassador – make a 0.024 BNB gifting payment and receive 0.384 BNB from sixteen recruited affiliates
- Pioneer – make a 0.0504 BNB gifting payment and receive 1.536 BNB from thirty-two recruited affiliates
- Mentor – make a 0.09792 BNB gifting payment and receive 6.144 BNB from sixty-four recruited affiliates
- Champion – make a 0.19584 BNB gifting payment and receive 24.576 BNB from one hundred and twenty-eight affiliates
- Director – make a 0.39168 BNB gifting payment and receive 98.304 BNB from two hundred and fifty-six affiliates
- Titan – make a 0.78336 BNB gifting payment and receive 393.216 BNB from five hundred and twelve affiliates
- Icon – make a 1.56672 BNB gifting payment and receive 1572.864 BNB from one thousand and twenty-four affiliates
- Legend – make a 3.13344 BNB gifting payment and receive 6291.456 BNB from two thousand and forty-eight affiliates
- Emperor – make a 6.26688 BNB gifting payment and receive 25,165.824 BNB from four thousand and ninety-six affiliates
The more mathematically astute of you will have noticed what is gifted in doesn’t exactly match what is gifted out. I believe the difference is used to funds a 150% “Royalty Income” ROI.
RideBNB pays Royalty Income on Icon, Legend and Emperor tier gifting payments.
Joining RideBNB
RideBNB affiliate membership is tied to an initial 0.004BNB gifting payment.
RideBNB Conclusion
RideBNB presents itself as a simple MLM crypto gifting scheme.
Recruited affiliates gift in BNB to whoever recruited them. This qualifies the recruits to receive gifting payments from subsequently recruited affiliates.
Sitting at the top of RideBNB’s company-wide matrix is its owner and top recruiters, who the majority of gifted in BNB is funneled up to.
As scams that utilize pyramid recruitment, gifting schemes are illegal the world over.
As with all MLM gifting schemes, once affiliate recruitment dries up so too will gifting payments.
This will see those at the bottom of the RideBNB company matrix, the largest group of participants at any given time, lose money.
Hat tip to Danny de Hek for the heads up on this one – youtube.com/watch?v=iu9sx7oQhoA
You rock 😉
how do you feel about the other payments for upgrading levels for higher payouts? is it possible for the smart contract to be coded for $BNB to be transferred to specific owners of wallets like the anonymous devs of RideBNB from each upgrade and referral?
this MLM has reached my country and I want to educate myself and other about it before people get themselves hoodwinked.
I’m highly apprehensive to the idea of this especially with the prospect of not having to recruit the 4096 people to receive this astronomical life changing payout.
As much as I want to be financially free I won’t do it at the expense of others and I don’t want people I care about getting wrapped up in something that doesn’t make sense and is actually harmful.
What’s there to feel about it? Funds stolen from new recruits are funnelled up to those that joined before them.
There’s no external revenue in RideBNB. Money you invest is stolen by earlier investors. Every dollar you withdraw is stolen from investors recruited after you.
Im confused as to how u came to the conclusion of it being a scheme. 99% of funds in go right back to your team members. When u join u get back what u put in so how is that steeling from folks? initial joining $2.50.
i hardly think this is robbing anyone if they get it back.
theres no monthly fees, no auto shipment, no website or back ofc fees, u simply reffered 2 ppl n help them get 2 ppl and so on
Goes back to who? Using new funds to pay off existing investors is a classic Ponzi scheme. All Ponzi schemes are scams because math.
This is mathematically impossible for all but a small percentage of investors in a Ponzi scheme.
You do realize people are not infinite right? If you’re the last ones to join you won’t be recruiting anyone..everyone above you are just stealing from the people next in line.