Zeus’ Bounty Review: BNB smart-contract pyramid scheme
Zeus’ Bounty provides no information on its website about who owns or runs the company.
Zeus Bounty does however claim its admin team has “100 years of combined business experience (with) 100+ crypto scams”.
If you want company ownership information, you have to watch Zeus’ Bounty’s embedded marketing video.
In the video Tim Bentley crediting himself as “the creator of Zeus’ Bounty”.
According to his FaceBook profile, Bentley is based out of Colorado in the US.
Prior to founding Zeus’ Bounty, Bentley was promoting iHub Global.
Bentley appears to have reinvented himself as a crypto bro circa 2015.
Zeus’ Bounty’s website represents the company has four admins.
Bentley identifies them as Nicole (his wife), Nico (his son) and Raaj Menon.
According to his LinkedIn profile, Raaj Menon is a web and crypto bro dev from South Australia.
Whether Menon has an MLM history is unclear.
Update 7th February 2022 – As revealed by Daniel Toth in the comments below, Raaj Menon is behind the “Crypto Passive” YouTube channel:
Menon has used Crypto Passive to promote one crypto scam after another over the past eleven months. /end update
Zeus’ Bounty’s website domain (“zeusesbounty.com”), was privately registered on October 22nd, 2021.
Read on for a full review of Zeus’ Bounty’s MLM opportunity.
Zeus’ Bounty’s Products
Zeus’ Bounty has no retailable products or services.
Affiliates are only able to market Zeus’ Bounty affiliate membership itself.
Participation in Zeus’ Bounty’s MLM opportunity as an affiliate provides access to “Zeus’ Academy”.
Zeus’ Academy contains various marketing and cryptocurrency education courses, as well as the “ZB Software” marketing suite.
Zeus’ Bounty’s Compensation Plan
Zeus’ Bounty’s compensation plan combines passive commissions with unilevel team pyramid recruitment.
There are five buy-in tiers for both components of Zeus’ Bounty’s compensation plan:
- 0.1 BNB
- 0.5 BNB
- 1 BNB
- 5 BNB
- 10 BNB
Here’s how those tiers pay out across Zeus’ Bounty’s compensation plan.
Zeus’ Bounty takes 50% of invested BNB and uses it to pay passive commissions.
Zeus’ Bounty’s passive returns pays 2.5% from both upline and downline affiliates.
This 2.5% is paid on whatever is invested by these affiliates across any BNB tier.
Affiliates paid on are those who joined Zeus’ Bounty before and after you. Affiliates who join after you can be directly or indirectly recruited.
How many up and downline affiliates a Zeus’ Bounty affiliates earns 2.5% off, is determined by how much they themselves invest.
- 0.1 BNB tier affiliates receive 2.5% of the buy-in from five upline and downline affiliates
- 0.5 BNB tier affiliates receive 2.5% of the buy-in from six upline and downline affiliates
- 1 BNB tier affiliates receive 2.5% of the buy-in from eight upline and downline affiliates
- 5 BNB tier affiliates receive 2.5% of the buy-in from nine upline and downline affiliates
- 10 BNB tier affiliates receive 2.5% of the buy-in from ten upline and downline affiliates
If a Zeus’ Bounty affiliate upgrades their BNB tier, they are retroactively paid 2.5% of up to 10/10 upline and downline investments.
Zeus’ Bounty uses the other 50% of BNB buy-ins to pay recruitment commissions 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.
Zeus’ Bounty caps payable unilevel team levels at ten.
Recruitmentment commissions are paid out as a percentage of BNB buy-ins across these ten levels as follows:
- level 1 (personally recruited affiliates) – 20%
- level 2 – 10%
- level 3 – 5%
- levels 4 to 6 – 3%
levels 7 and 8 – 2%
- levels 9 and 10 – 1%
New Member Weekly Bonus
Zeus’ Bounty sets aside “3.5% of the company’s profits” and pays it out to all new affiliates who’ve signed up over the previous week.
1 BNB Tier Bonus Pool
Zeus’ Bounty sets aside “7% of the company’s profits” and pays it out to new affiliates who’ve signed up at the 1 BNB tier each week.
10 BNB Tier Bonus Pool
Zeus’ Bounty sets aside “7% of the company’s profits” and pays it out to new affiliates who’ve signed up at the 10 BNB tier each week.
Zeus’ Bounty sets aside “14% of the company’s profits” and pays it to the company’s top thirty recruiters each week.
Minimum recruitment requirements to qualify for the weekly Recruiter Bonus is two personally recruited affiliates the previous week.
Withdrawal Restrictions and Fees
To keep as much BNB in the smart-contract as possible, Zeus’ Bounty restricts affiliate withdrawals.
Zeus’ Bounty withdrawals are restricted either based on personal recruitment of total BNB spent on buy-ins.
- if you have less than four personally recruited affiliates, 60% of all withdrawal requests must be spent on BNB buy-ins
- if you have four personally recruited affiliates, 50% of all withdrawal requests must be spent on BNB buy-ins
- if you’ve spent 4 BNB on buy-ins, 40% of all withdrawal requests must be spent on BNB buy-ins
- if you’ve spent 10 BNB on buy-ins, 30% of all withdrawal requests must be spent on BNB buy-ins
I believe these conditions are mutually exclusive, meaning you can just spend 10 BNB on buy-ins and not have to worry about recruitment and vice-versa.
On top of withdrawal restrictions, Zeus’ Bounty charges a 7% withdrawal fee.
Joining Zeus’ Bounty
Zeus’ Bounty affiliate membership is free.
Participation in the attached income opportunity requires an initial 0.1 to 10 BNB buy-in.
Full participation in Zeus’ Bounty’s MLM opportunity costs 16.6 BNB
Zeus’ Bounty Conclusion
In the official Zeus’ Bounty marketing video, Tim Bentley (right) claims he’s
recently been burned by smart-contracts. In fact I’ve been burned by a lot of crypto programs in the past.
It seemed like everything I got into after 2015 was some kind of rug pull or crypto scam.
Bentley goes on to state Zeus’ Bounty came about after he “set out to create something better”.
What Bentley has learned is it’s profitable running MLM crypto scams. Math guarantees participating in them will more than likely lead to losses.
Although I’ve marked Zeus’ Bounty as a pyramid scheme, it does have elements of a Ponzi scheme.
This is a quote from Bentley, made in an official Zeus’ Bounty marketing video;
If you come into this program and you’re looking for passive income, you can expect to earn more money than if you put your money in the bank.
That’s not saying a lot. A lot of these banks pay like 0.5% a year on your money … so you’ll earn more money than that.
We’re going to give you an up and downline and pay your passively.
The Ponzi nature of Zeus’ Bounty occurs by way of receiving 2.5% of past and subsequent buy-ins.
Withdrawal requests are attached to mandatory buy-ins (forced reinvestment), allowing those who get in early to earn a passive return over time.
The rest of Zeus’ Bounty is a standard pyramid scheme. Commissions are paid on recruitment, which is required to keep the 2.5% passive returns flowing.
Without new affiliates being fed into the bottom of the pyramid, Zeus’ Bounty’s smart-contract stalls.
If we were imagine the flow of money within Zeus’ Bounty and zoom out, we’d find the majority of BNB invested flowing upline.
At the top of that upline are the admin positions Bentley has created for himself, his family and Raaj Menon.
From a regulatory standpoint, the passive returns nature of Zeus’ Bounty constitutes wire fraud. This is a violation of the Securities and Exchange Act, regulated by the SEC.
The pyramid side of Zeus’ Bounty falls foul of the FTC Act, regulated by the FTC.
This is important, as Tim Bentley is a US resident. Alexa also currently ranks the US as the top source of traffic to Zeus’ Bounty’s website (77%).
In an attempt to legitimize fraud, Bentley offers up the following disclaimer in official Zeus’ Bounty marketing videos:
With respect to the first paragraph, you can’t disclaimer your way out of running a Ponzi pyramid hybrid scheme.
There is nothing in the Securities and Exchange Act or FTC Act that provides an exemption to fraud if you add a boiler plate “not financial advice but have a look at my scam” disclaimer.
The second paragraph infers that adding products and services to a scam legitimizes it.
The SEC addressed this in 2016, affirming that what you add to a fraudulent scheme doesn’t matter.
Zeus’ Bounty’s business model is what makes it a scam. Anything added to or bundled with that is irrelevant.
Finally the last sentence;
Our smart contract is autonomous and is now “owned” by anyone.
This is just a flat-out lie. Tim Bentley created Zeus’ Bounty. He owns it, including the smart-contract.
From a participation standpoint, as with all MLM pyramid schemes, math guarantees the majority of Zeus’ Bounty affiliates will lose money.
Forced buy-ins, fees and bonus pools might make this a slow bleed, but at the end of the day Bentley is still just shuffling around a fixed pool of BNB.
When recruitment dries up that pool dwindles. Math kicks in and sorry for your loss.
Update 13th February 2022 – Tim Bentley is now pitching an NFT game he’s called Zeus’ Chariots.
Update 19th August 2022 – Tim Bentley is now funnelling Zeus’ Bounty affiliates into a gambling scheme he’s calling the Simple Dutch System.