GB21 Review – Legit Business Opportunity or Huge Scam? Find Out…
Welcome to my GB21 Review!
This company showed up on my new business radar recently, so I had to crack it open and analyze it for myself…
This company has actually been around for a bit under a different name when it first came onto the scene, but it’s definitely been in the MLM world for some of time.
Being around for a while, the chances are bigger that someone has approached you about this business opportunity either in person or on social media, and now you want to make sure it’s actually legit?
First of all, good idea to give them a once over before you move any further with your money,
Secondly, I’m so glad you’re doing your research before you decide to join…
A lot of people jump into companies like this because of the hype, then get burned later.
In my blog post, I am going to tell you about the long history of the company, the products and their compensation plan, so you can see if it’s the right fit for you (and your money)…
Let’s get things in motion!
GB21 Review – The Company
When you take a look at the company website, you will see that here is no info posted online about who the owner of the company is or who the administrators are.
After a little digging around, I was able to find that the GB21 website domain was first registered on the 9th of May in 2013.
The details about the registered domain show that it was updated on the 10th of January in 2018, which suggests this is when new the owner or owners may have acquired the business.
The company promotes marketing MCAP altcoin mining packages on their company website.
MCAP is attached to the company Gain Bitcoin.
Gain Bitcoin had started up in 2017 and offered potential investors an ROI rate of 10% monthly on investments of up to 13.75 BTC with the company.
Gain Bitcoin’s payout was paid in MCAP.
Amit Bhardwaj was the owner and operator of Gain Bitcoin, however it closed up shop in November of 2017.
Bhardwaj is also heading up GB21.
GB21 Reviews – The Products
GB21 doesn’t have any services or products for affiliates to sell or purchase.
But anyone wanting to sign up as an affiliate with GB21 can market the company affiliate membership.
GB21 Compensation Plan
Affiliates looking to take part in the company compensation plan must sign up and invest into the company.
Company affiliates are to invest capital (funds) up to $450,000 with the agreement of a promoted ROI rate up to 25% earned monthly.
As stated by the company, MCAP mining contracts are available as such:
- Basic – $100
- Starter – $500
- Promotor – $1000
- Recruiter – $5000
- Manager – $10,000
- Silver – $47,000
- Gold – $95,000
- Diamond – $232,500
- Titanium – $450,000
MCAP will be paid out monthly by the company and will change over a 12-month maturity period as shown:
- Months 1 to 4 of the contract pay 10% a month
- Months 5 to 8 of the contract pay 15% a month
- Months 9 to 12 of the contract pay 25% a month
After 12-months, this will equal to an effective rate of 200% in ROI.
There is also a 5% referral commission paid on capital invested by any personally sponsored affiliates into the company.
The company uses a binary compensation model to pay residual commissions through to its affiliates.
The binary compensation model puts an affiliate onto the top of a binary team, where the next level is divided into 2 sides (left/right).
The 1st level of a binary team will hold two positions and the 2nd level is made by dividing the first two positions into a further two positions each, creating 4 positions in total on level 2.
Any future levels of the binary team are made as needed, and each new level will hold 2X as many positions as the level before it.
The binary team positions are filled through direct and indirect sponsorship of new affiliates.
NOTE: The company does not limit the growth of how deep a binary team may grow to.
Residual commission calculations are done by adding up new investment volume per left and right side of the binary team of affiliates.
The company affiliates earn 7% of matched volume, and any volume leftover from the strong side of the binary team will be carried over to the next payout.
The company compensation plan does not say how often residual commissions are paid out to affiliates, but the typical time frame of the calculations is done on a daily or weekly basis.
If a company affiliates is able to achieve $450,000 in investment funds on both the left and right sides of their binary team within 60 days of signing up, they will receive a lease on a “luxury car” worth $20,000.
The company will continually pay $10,000 on the car lease, given that the affiliate is maintaining the $450,000 investment funds every 6 months, on both the left and right side of their binary team of affiliates.
Cost To Join GB21
The cost to join GB21 as an affiliate is free.
If affiliates would like to fully participate in the company and income opportunity, they must invest between $100 to $450,000.
Verdict of GB21
Awesome you’ve made it to the end of my review, and from here on out I can tell you what I think about the company and whether or not it’s worth your money…
From the research I did on this company, I can say that I do not think this company is 100% legit…
Right now, the owner of this company, Amit Bhardwaj, is wanted by the police in India…so yeah, I would say stay away from this company, but I’m sure you just came to that conclusion yourself.
Well, considering they caught him just a few weeks ago, he’s currently not on the run now, but I wanted to make sure I caught your attention before I kept going.
Because you can still invest in his company, any administrators still keeping up the appearance of the company being all fine and dandy will still take your money…
So, here is how this scam works, the company gets new affiliates to sign up and give them real money for the company’s set up MCAP coins, that are pre-mined by the owner and aren’t worth anything outside of this company.
You could’ve just given away your money to a known financial criminal…and this is why research on a potential investment company is vital.
If you want to earn a profit with this company, you must offload MCAP coins onto other people who don’t know that’s the only option to make money here.
And currently the value of these coins is declining, which makes me believe that it is hard to sell these coins.
The end game is all the same here, since new affiliates are slowing down so are their investments and the company is steadily losing money as a result.
And the company will experience a collapse once they have hit the point of being unable to make payments.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my GB21 review and if you have any questions, please leave them in the comments below…
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