BitLuna Review – Legit Business or Big Scam? Find Out Here…
Welcome to my BitLuna Review!
There has been some buzz about this company lately, so I decided I should look into myself!
The fact that you are here reading this review means you are curious to know if this company is legit or not.
My review will help you make an informed decision with all the facts you need about the company, the products and the compensation plan.
So let’s get right to it!
BitLuna Review – The Company
The first thing I noticed is that I couldn’t find any information on the company website about who owns or operates BitLuna.
I was able to find out that the BitLuna website domain was registered privately as “bitluna.org” on the 14th of November, 2016.
The unknown BitLuna owners also operate LunaWallet and MiteFX.
LunaWallet is an online tool that is used to store LunaCoins mined through BitLuna and MiteFX is an internal exchange.
Both of the domain registrations belonging to these two tools are set to private.
When I checked out the website, there was a voiceover that said the company is registered in the UK.
I also quickly scanned the Terms and Conditions of LunaWallet which stated that:
LunaWallet is an online payment processor, registered and domiciled in the country of Seychelles, and are bound by the legal requirements of Seychelles.
BitLuna Reviews – The Products
BitLuna does not offer any retail products or services.
Affiliates who join BitLuna can only market and sell the affiliate membership.
Once an affiliate signs up, they can invest in “Ad Packs”, which come with advertising credits to use to display advertising to other BitLuna affiliates.
The BitLuna Compensation Plan
Affiliates who want to take part in the compensation plan must invest in Ad Packs with an expectation of a 130% ROI.
There is a minimum investment amount set for the Ad Packs, which is $10.
Affiliates earn ROIs that are paid out daily at a rate of 0.01% to 2%, however, if an affiliate fails to click company-supplied ads, their daily ROI rate is cut in half.
Once an investment position reaches the 130% ROI, the daily rate is reduced unless the money is reinvested.
Affiliates also earn referral commissions that are paid out on invested money through a unilevel compensation structure.
This compensation structure put an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1.
When a level 1 affiliate brings in new affiliates, they are put on level 2 of the original affiliate’s unilevel team.
When a level 2 affiliate brings in new affiliates, they are put on level 3, etc.
Payable unilevel levels are capped by BitLuna at 5 and pays affiliates a percentage of the invested funds like so:
- Affiliates – 5% on level 1 (Personally sponsored members, 3 % on level 2 and 1% on levels 3 to 5
- Representatives – 10% on level 1, 3% on level 2 and 1% on levels 3 to 5
Affiliates who want to become a representative have to agree to “help people who will contact you” and provide BitLuna with personal information.
Cost To Join BitLuna
The cost to join BitLuna as an affiliate is free, however affiliates are required to invest a minimum of at least $10 in order to participate in the compensation plan.
The moment you have been waiting for in this BitLuna review…
Verdict On BitLuna
Now if there were external income sources coming into this company creating those nice ROI’s than BitLuna would have been some what legit…
However, the truth is that newly invested funds are paying off existing members which makes this a ponzi scheme…
Also because they don’t have any retail products or services, the recruitment side makes this a pyramid scheme…
I know it might be a shocker, but the facts are the facts…
Unless they can prove the external income sources, then at least that part would be legit…
Anyway, the decision is yours my friends!
I hope you enjoyed my BitLuna review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
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