Welcome to my BitCentrix Review!
It seems like everyone thinks they have the next big idea…
Everyday there’s a new MLM business calling for you to join, and it can be hard to determine which ones are legit and which ones aren’t.
So how can you determine which company is the right one for you to invest in?
I’ve said it before and I’ll say it again friends…
Examine every bit of info on the company and learn as much as you possibly can before jumping in.
Whatever conditions the market brings you, you’ll be one step ahead by knowing key information on the company.
This blog will help you do just that by providing you with the essential info you need about the company, the products and the compensation plan.
So, let’s get right into it!
BitCentrix Review – The Company
While I was doing some research on the company, I went and visited their website and there I was unable to find any posted info on who the owner of the company is or who was running the business either.
The facts and figures posted were very common marketing copy and offered up stock pictures, which I found under the “About BitCentrix” section of their company website.
After a little more research, some digging revealed that the BitCentrix website domain was registered as “bitcentrix.biz” on the 2nd of September in 2016.
And as of the 12th of September in 2017, it was found that registration for the website domain was freshly renewed.
The owner of the website domain is registered as Farhan Khan, with an address located in Pakistan.
“Dailymining.biz” and “miningprofit.biz” are two additional domains which are also owned by Khan, both having the HYIP sound to these domain names
Aside from the domain registrations listed above, I couldn’t find any more info about Khan.
BitCentrix Reviews – The Products
BitCentrix has no services or products that are available for retail.
Affiliates who want to join BitCentrix are only able to market the company affiliate membership itself.
The BitCentrix 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 invest capital (funds) on the agreement of a promoted ROI (return on investment):
- Invest $10 to $200 and receive a 110% ROI in 24 hours
- Invest $501 to $2500 and receive a 140% ROI in 3 days
- Invest $2501 to $50,000 and receive a 200% ROI in 10 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 directly underneath them onto 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 referral commissions are paid out as a percentage of capital (funds) invested among those 10 levels.
- Level 1 (personally sponsored affiliates) – 10%
- Levels 2 to 10 – 2%
Cost To Join BitCentrix
The cost to join, BitCentrix as an affiliate is free, although if you wanted to fully participate in the business opportunity and the company’s compensation plan, the company will need a investment of a $10 minimum.
Verdict of BitCentrix
Overall this company seems a little to good to be true, not quite feeling like its 100% legit…
And again, where is your money really going once you’ve invested it into the company?
There would not be much evidence to prove it’s not staying with the company and then invested elsewhere, like bitcoin and other coin businesses, but with the company’s set-up it seems like that’s the most it can achieve with the Ponzi scheme they’ve cooked up.
Their compensation structure is not soundly structured, because if the company was able to achieve a constant rate of 200% ROI every ten days (think of that per year) then why would they be sharing this goldmine with anyone and everyone?
Keep in mind the only real investments made into this company is when new affiliates join and dump money into the company, and this is also the only real money trail to follow in this company, anything else has no proof.
Clearly, they use new funds invested to pay off old funds owed.
Once new affiliate sponsorship decreases, so will the business’s capital, and then company will be unable to pay out the ROI promoted, and inevitably a total downfall of the company will occur.
Okay, if you did the math earlier, the 200% ROI was somewhere close to 7300% annually, and that percent is uncompounded, it’s also somewhere in imagination land.
Be smart and take what you’ve learnt here today and run…not to the bank to invest, but rather run away from this is poor example of a business opportunity.
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