Global Bitmax Review – Legit Company or Another Scam? Find Out Here…
Welcome to my Global Bitmax Review!
With the start up with many new MLM companies on a regular basis, it can become very difficult to determine which company is worth investing into and which ones aren’t.
So, what is the best way to figuring out which business opportunity to go with?
It’s simple, research and learn everything you can about the company before diving in.
In this review, I will be exploring information about the company, the products and compensation plan.
Let’s get started, shall we?
Global Bitmax Review – The Company
This business provides little to no information on their website about who is the owner of the company or who operates it.
A little digging revealed that the Global Bitmax website domain “globalbitmax.com” was registered privately on the 3rd day of March 2017.
After more research, I discovered that the company’s affiliates named Mauro Mangibin as the owner of the business.
Mangibin’s Facebook profile confirms this as on the 22nd day of May there was a post advertising the business:
My First Ever Matrix/Cycler Is in Pre Launch.
We tested it, and Positive Result comes out.
Two of my Facebook friends already earned $200 each in couple of hours. Trust me this is Moving Very Fast.
Global Bitmax Reviews – The Products
Global Bitmax does not offer any retail products or services.
Affiliates can only market the company affiliate membership itself.
The company affiliate membership gives access to ad credits along with a “full suite of marketing emails and graphics”.
The Global Bitmax Compensation Plan
The company’s affiliates donate bitcoin to one another through a 3×2 matrix.
A 3×2 matrix puts an affiliate at the top of a matrix, with 3 positions directly beneath them.
The 3 positions form the 1st level of the matrix. By splitting the first 3 positions into an additional 3 positions each (nine positions) will create the second level of the matrix.
An affiliate of Global Bitmax signs up and donates ten dollars to a current affiliate.
The payment enables the affiliate to get ten dollars in bitcoin from 3 other sponsored affiliates.
This total of thirty dollars’ worth of bitcoin will then be given to an upline affiliate in order to unlock the next level, which is level two of the matrix.
Going into level 2 of the matrix brings about an additional thirty dollars in bitcoin sponsoring payments.
After filling all 9 positions of the 2nd level of the matrix, a further 5 positions in a 3×2 matrix will be generated.
When a personally sponsored affiliate buys a ten dollar bitcoin matrix position, a one dollar bitcoin direct referral commission will be paid.
When a personally sponsored affiliate completes all 12 positions in a 3×2 matrix, a residual twenty dollar bitcoin referral commission will be paid.
Cost To Join Global Bitmax
The cost to join Global Bitmax as an affiliate is a minimum purchase of one $10 bitcoin matrix position.
Verdict on Global Bitmax
Yet again, we have another company that bases its business model on donating (gifting) bitcoin between affiliates…
No real products or services to offer…
Nothing of value…
Just exchanging bitcoin back and forth….
New affiliates are recruited and “donate” in order to pay off affiliates in their upline…
And the cycle continues…
The only way to keep the ROIs going is to constantly recruit new affiliates…
But recruitment numbers are impossible to keep up over the long term…
So when recruitment slows down, so will these “donations”…
So, if you are thinking about joining this company, just keep this is mind…
I hope you enjoyed my Global Bitmax review and if you have any questions, please leave them in the comments below…
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