World BTC Review – (2020) Legit Business Opportunity or Big Scam?
Welcome to World BTC Review!
Chances are you have already heard of or been approached by someone about this company.
Maybe you are looking for a new online business opportunity and you want to know more about this one?
Well, I’m glad you’re here!
In my review, I will go over what you need to know about this company’s background, products, compensation plan, and cost to join.
So, let’s get to it!
World BTC Review – The Company
First things first, the World BTC website provides very little information about who owns or operates the company.
While the World BTC website lists a “Justin Shopen” as its leader, the photo provided to represent Shopen is actually an individual named Joe Semaan.
Semaan’s LinkedIn profile cites himself as a “sales coach & leadership mentor”, and as far as I can tell, he doesn’t seem to be associated with World BTC.
World BTC’s website domain was registered privately as “worldbtc.pro” on the 10th of September, 2019.
World BTC Reviews – The Products
World BTC has no retail products or services to offer affiliates or retail customers.
In other words, you can’t actually sell to customers which is a big no no in the FTC’s eyes.
To avoid bring a pyramid scheme, you must have more retail sales than affiliate sales.
Affiliates who join are only able to market the World BTC affiliate membership.
The World BTC Compensation Plan
Compensation plans should always reward you for retail sales and building a team…
However because there isn’t any retail sales going here, it’s just one sided…
To participate in the World BTC compensation plan, affiliates are required to invest $100 or more worth of bitcoin for a 5% to 10% weekly ROI.
The company caps investment terms at 24 months, which comes with a promise of 1040% minimum ROI.
The company pays out referral commissions on invested funds down 2 levels of sponsorship (unilevel):
- 3% on level 1 (personally sponsored affiliates)
- 1% on level 2
Cost to Join World BTC
The cost to join as an affiliate is free.
To fully participate in the income opportunity, affiliates are required to invest a minimum $100 in bitcoin.
Okay, let’s get to the final verdict…
World BTC claims that they generate external revenue through expert trading.
However, I couldn’t find any evidence that any trading is taking place.
In fact, I couldn’t find any proof of any external revenue other than new affiliate investment.
What this likely means is that this company is using new investment to pay out ROI to existing affiliates.
Which is not a legal business model.
So, my advice here is to keep your investment for a better opportunity.
Thanks for reading World BTC review! Feel free to leave a comment or question down below…
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