Bit Donar Review – Legit Company or Another Scam?
Welcome to my Bit Donar Review!
Whether you are completely new to the MLM world or you are a seasoned pro, researching a new company before joining is essential.
Investing money in any business opportunity is a big decision and you want to be sure that it’s the right one!
Reading reviews and learning all you can about the company is one of the best ways to determine if it’s legit or not.
In this review, I will go over the company background, the products and the compensation plan.
So let’s get to it!
Bit Donar Review – The Company
There is no information on the company website about who owns or operates Bit Donar.
A little digging did reveal that the Bit Donar website domain was registered privately as “bitdonar.com” on the 24th of February, 2017.
Online estimates indicate that 96% of traffic to the Bit Donar website comes out of India, which means it’s likely that whoever is running the company is probably from India.
Bit Donar Reviews – The Products
Bit Donar does not offer any retail products or services.
Affiliates who join Bit Donar only market the affiliate membership.
The Bit Donar Compensation Plan
Affiliates looking to take part in the Bit Donar compensation plan will donate bitcoin to each other through a 2×5 matrix.
A Bit Donar 2×5 matrix puts affiliate at the top of a matrix that has 2 positions immediately under them on level 1.
These first 2 positions make up level 1 of the matrix and the second level is made by adding another 2 positions under each of the first two, for a total of 4 positions.
Levels 3 to 5 of the matrix are made the same way and each new level holds twice as many positions as the level above it.
When a Bit Donar affiliate signs up, they will donate 0.03 BTC to the affiliate who sponsored them; which then qualifies the affiliate to earn their own 0.03 BTC from 2 affiliates sponsored into level 2 of their matrix.
Another donation is required to unlock the second level of the matrix, after which donations can be earned on the second matrix level.
In this manner Bit Donar gift increasing amounts of bitcoin across the five matrix levels as follows:
- Level 1 – Donate 0.03 BTC to the affiliate who sponsored you and receive 0.03 BTC from 2 subsequently sponsored affiliates
- Level 2 – Pay a 0.001 BTC fee, donate 0.05 BTC to your second upline and receive 0.05 BTC from 4 affiliates
- Level 3 – Pay a 0.02 BTC fee, donate 0.1 BTC to your third upline and receive 0.1 BTC from 8 affiliates
- Level 4 – Pay a 0.05 BTC fee, donate 0.2 BTC to your fourth upline and receive 0.2 BTC from 16 affiliates
- Level 5 – Pay a 0.5 BTC fee, donate 1 BTC to your fifth upline and receive 1 BTC from 32 affiliates
Second Upline: The affiliate who sponsored the affiliate who sponsored you
Third Upline: The affiliate who sponsored the second upline, etc…
The Bit Donar Representative Program is offered to affiliates who sponsor a large number of affiliates in their home country.
Affiliates who qualify for the Representative Program receive 10% of funds donated between affiliates in their home country.
Affiliates who fill their matrix within one month of signing up will be rewarded through the Achievers Program:
- Bronze – Fill levels 1 and 2 of your matrix within 1 month of signing up and receive 0.2 BTC
- Silver – Fill levels 3 and 4 of your matrix within 1 month of signing up and receive 0.5 BTC
- Gold – Fill level 5 of your matrix within 1 month of signing up and receive 1 BTC
Cost To Join Bit Donar
The cost to join Bit Donar as an affiliate is a 0.03 BTC donation fee.
In order to fully participate in the Bit Donar opportunity, it will cost 0.571 BTC in fees and 1.38 BTC in donations.
Verdict on Bit Donar
I feel like there are so many of these “donation” companies lately…
Affiliates sign up, “donate” and recruit, recruit, recruit….
No real products or services…
Nothing to attract returning retail customers…
So when the recruitment pool inevitably dies down…
Income will decrease and affiliates will start looking for other opportunities…
These types of businesses just don’t have staying power…
So, if you are looking to join…do it at your own risk….
I hope you enjoyed my Bit Donar review, and if you have any questions, please leave them in the comments below…
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