Bit4G Review – Legit Business or Huge Scam? Find Out Here…
Welcome to my Bit4G Review!
I was asked to do a review on this company because it’s new and there isn’t a lot of information available out there for it…
Maybe you are on this blog post because someone might have approached you about it already, either in person or maybe it was over social media, and now you want to know more!
You have questions, right? Like…
- Can beginners do this?
- Can you achieve the profits you want in this way?
- And is it a legitimate business for you to join?
I will help you put away any doubts you may have, as well as put any rumors to rest about the company…
In my blog, I’ll go over the company’s short history, the products and the compensation plan, so you can make the right decision about whether to join or not.
Let’s get started together!!
Bit4G Review – The Company
Okay let’s start off with the company’s website…
While I was there looking around, I couldn’t find any information on the website relating to who the owner of the business is or who is in charge of the daily operations.
A little more research into the company and little more digging revealed that the Bit4G website domain was registered as “bit4g.com” on the 11th of October, 2017.
As catchy as the business’s name is, “Bit 4G” was also used as the listed owner, along with an incomplete address located in London, in the UK.
There is a corporate address that is also located in London, which is offered up on the company website online.
After more research it was revealed another company that provides virtual office services was the true owner of that London address, and it belongs to Garden Studios.
Now, with this information it’s unclear if the company has a physical presence in the UK.
Bit4G Reviews – The Products
Bit4G has no services or products for retail for its affiliates or retail customers.
Any affiliates who sign up with Bit4G are only able to market and sell the company affiliate membership.
At least companies like iMarketsLive have some products…
The Bit4G Compensation Plan
Affiliates who want to participate in the company compensation plan are required to sign up and invest into the company.
The company affiliates are expected to pay (whoever is operating the business) real funds in exchange for B4G points.
The company affiliates will “lend” the B4G points to the company for a promoted ROI:
- Invest $100 to $1000 and receive a monthly ROI of up to 49% for 279 days
- Invest $1010 to $5000 and receive a monthly ROI of up to 49% plus a guaranteed 0.15% monthly ROI for 219 days
- Invest $5010 to $10,000 and receive a monthly ROI of up to 49% plus a guaranteed 0.25% monthly ROI for 159 days
- Invest $10,010 to $100,000 and receive a monthly ROI of up to 49% plus a guaranteed 0.3% monthly ROI for 119 days
The company uses a unilevel compensation model to pay out referral commissions to its affiliates.
The unilevel compensation model puts an affiliate at the top of a unilevel team, where any personally sponsored affiliate is put right underneath them on level 1.
When a level 1 affiliate sponsors new affiliates, they are then put onto level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate sponsors new affiliates, they are then put onto level 3, and the level creation in the unilevel team continues in this manner down a hypothetical never ending amount of levels.
The company caps payable unilevels at level 10, where the company pays out commissions as a percentage of the funds invested among these 10 levels:
- Level 1 (personally sponsored affiliates) – 8%
- Level 2 – 3%
- Level 3 – 2%
- Level 4 – 1%
- Level 5 – 0.5%
- Level 6 – 0.3%
- Level 7 – 0.2%
- Levels 8 to 10 – 0.1%
Cost To Join Bit4G
The cost to join Bit4G as an affiliate is free, although affiliates who want to fully patriciate in the business opportunity and the company compensation plan are expected to make a minimum investment of $100.
Verdict on Bit4G
After having done my research on this company, I can say I don’t think this company is 100% legit…
The company uses the typical “cryptocurrency lending” business model, known for its scams.
When new affiliates sign up, they are expected to give the company real money, and then in turn get some Bit4G points that have no real value.
And these points are issued by whoever the mystery staff is over at Bit4G, with whatever value they actually hold.
This company really has no value itself, they only truly make money or earn capital when new sponsored affiliates join the company and invest with the company and their points.
The company says they determine their value by “supply” and “valuation”… all total BS…
Not a company with promising longevity by the sounds of it.
This company also makes claims of having supercomputers that trade day and night, technically called ‘trading bots’ (just kidding) but if the company really did have a trading bot capable of making millions, they would not be sharing this with you, the public, they’d keep it for themselves.
Just like any other scam, once people stop falling for it the scam is over, and when we are talking about this company, once new affiliates stop being sponsored in, the company will be unable to meet ROI payments, and this will be its downfall.
I hope you enjoyed my Bit4G review and if you have any questions, please leave them in the comments below…
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