Bitaxles Financial Review – Legit Business Opportunity or Scam?
Hey, welcome to my Bitaxles Financial Review!
Chances are someone approached you on social media or in person and now you are on this blog post to make sure this company is legit right?
I am glad you are actually doing your research instead of blindly jumping into something head first.
I have seen a lot of scams over the years and want to make sure that no one gets screwed over.
Now if you join a legit business and you failed…
Well, then that’s just you.
Remember, legit businesses require work and effort…
They are a business right?
Anyway, in this blog post I am going to walk you through the company, the products and compensation plan so you can make the right decision…
Let’s start off with the company first.
Bitaxles Financial Review – The Company
There is NO information on the website on who actually runs the show here…
So I decided to investigate further by checking the domain registration information on “bitaxles.com”.
What I found is some interesting information.
The domain name was purchased June 27th of 2016, but the actual WHOIS information was set to private.
Not sure why these people that launch companies like this keep themselves a secret.
I feel like they are hiding something.
Anyway, I looked at the source code on the Bitaxles Financial website, and it showed detailed for Power Hashing.
I actually just did a review on Power Hashing not that long ago.
The co-founder of Power Hasing is Amit Jaiswal who is based out of Delhi, India.
In addition, the website traffic, according to Alexa, is coming from mostly India.
Well, now that we got that out of the way…
Let’s look at the products next.
Bitaxles Financial Reviews – The Products
Well, looks like another “Help” company or Crowdfunding…
These kind of companies are popping out of no where these days.
This is what I found on their website:
Bitaxles Financial System is a community of people making the world better. It is a platform where people can help each other when in need. There are millions of participants those who needs help and those who are ready to help. There are no contracts, our working principle is simple participants in need ask for help and other participants provide help by transfer of funds on own good will. The idea is to create a fair financial system for significant changes in world.
Our team members are committed to the well-being of everyone by providing financial help. We are a non-profit organization dedicated to make this world a better place. Our volunteers help everyone to serve humanity and better the lives of less fortunate ones. Join us to create a better world.
It’s the same “message” that every other CrowdFunding or Help companies say…
99% of those ended up being a scam…
It’s very sad, but it’s true.
You can also market the actual membership itself to earn commissions on.
So this company has no real products…
Which is a big no no.
Sorry for being negative, but it’s the truth.
Bitaxles Financial Compensation Plan
In this compensation plan, members have to invest anywhere between $50 to $2,000 to get some kind of monthly ROI.
The actual ROI amount is determined every Monday.
This ROI will be either 30%, 50% or 100% of the funds invested.
Also if BitAxles members complete daily tasks, they can boost their ROI by 10%.
Once you are ready to withdrawal your ROI, it can be anywhere between $50 to $2000 per day.
Note that before these funds can be withdrawn, members must reinvest what they initially invested or more per investment.
When you sponsor someone in the business and invests money, you get paid a commission on that investment.
This is paid through unilevel structure that pays 5 levels deep.
Which looks like this:
- Level 1 (personally sponsored members) – 10%
- Level 2 – 5%
- Level 3 – 3%
- Level 4 – 2%
- Level 5 – 1%
You can earn money on reinvestment’s which is mandatory in this company looks this this:
- Level 1 – 5%
- Level 2 – 2.5%
- Level 3 – 1.5%
- Level 4 – 1%
- Level 5 – 0.5%
If Bitaxles members re-invest over $10,000, they unlock more levels to unlimited depth and can earn another 0.05% on it.
Cost To Join Bitaxles Financial
The actual Bitaxles Financial membership is free, but to earn in their compensation plan you must invest anywhere between $50 to $500.
Bitaxles Financial Review – The Verdict
So the owner of this company just launched Power Hashing which is basically a revshare company and now this?
Bitaxles Financial is yet another Zewang “provide help, get help” full blown ponzi scheme.
Yes, I know the truth hurts.
But I don’t want you guys to get screwed over.
Look at what the company says:
20% of commitment amount will go to the admin and the remaining 80% will be distributed on each participant.
So the way they generate these ROI’s is by through investments.
Then they pay their existing members with new member investments.
Once recruitment slows down…
Well, you are screwed lol.
The company can no longer give those ROI’s because they don’t have any other external income source coming to the company.
The verdict is I don’t recommend this company and you should be looking for legit businesses where you can market actual products and services…
I hope you enjoyed my Bitaxles Financial Review and if you have any questions, leave them in the comments below…
What Should You Join?
Like I mentioned earlier, you should join something that actually hard products and services.
After reviewing hundreds of companies out there…
It’s the only business out there where you can build it step by step with a one on one coach helping you every step of the way.
How cool is that?
Just check out what I have been able to accomplish below:
I have been testing this for about 6 weeks and have generated $28,603.18 in net earnings.
This is the real deal folks.
You will thank me later 🙂
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See you at the top,
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