On its website, Bitassets Venture does not mention who owns or operates the firm.
The website domain (“bitassetsventure.com”) for Bitassets Venture was registered on June 17th, 2021.
The registration process is largely confidential. Only a partial address in Occitanie, France, is provided.
Their website says Bitassets Venture is headquartered in Seoul, South Korea.
This is very improbable, given that the building Bitassets Venture uses to represent their headquarters is located in the United States.
Despite its brief existence, Bitassets Venture has already bestowed a slew of made-up awards upon itself:
If an MLM firm is not transparent about who runs or controls it, consider carefully before joining and handing over any money.
Bitassets Venture’s Products
Bitassets Venture does not sell items or services to the general public.
Affiliates are only permitted to promote Bitassets Ventures’ affiliate program.
The Compensation Structure
Bitassets Venture affiliates spend money with the prospect of high returns:
- Basic Plan – Invest $150 to $50,000 and get 112.3 percent back in 6 days;
- Standard Plan – Invest $50,000 or more and earn a return of 113.08 percent over six days;
- Basic Compounding Plan – Invest $10,000 to $50,000 and earn 158.8 percent in 28 days;
- Standard Compounding Plan – Invest $50,000 or more and get 196.6 percent back in 42 days.
All withdrawals are subject to a $5 fee by Bitasset Venture.
Bitassets Venture’s MLM program compensates affiliates for both direct and indirect recruiting.
Bitassets Venture gives a 10% fee on monies invested by affiliates who are directly recruited.
Regional Representative Rewards
Affiliates of Bitassets Venture earn the title of Regional Representative by building a downline of sixty invested affiliates.
The monthly compensation for Regional Representatives is $500.
Company Director Rewards
Affiliates of Bitassets Venture are eligible to serve as Company Directors by
- Personal investing at least $20,000;
- Personal recruiting at least ten affiliates;
- Earning a total downline investment volume of at least $100,000.
Monthly compensation for company directors is $2500 plus a $10,000 Rolex watch.
Bitassets Venture associates are eligible to become Ambassadors if they
- Personally invest at least $30,000;
- Individually recruit at least twenty affiliates;
- Personally create a total downline investment volume of $200,000 or higher.
Ambassadors get $5000 a month “in addition to a trip to the company’s headquarters and 24 hours of complimentary shopping.”
Joining Bitassets Venture
Affiliate participation with Bitassets Venture is free.
To participate fully, you must attract and maintain a $30,000 investment.
Bitassets Venture asserts that the company gets money externally via investment operations, including trading on financial markets and cryptocurrency exchanges carried out by certified professional traders.
There is no indication of participation in these activities. There is no indication of Bitassets Venture collecting income in any other way.
Regardless, if Bitassets’ mysterious owner could indeed produce 2.3 percent per day daily, they would not be selling access for as little as $150.
As of yet, new investment is the sole verified source of revenue entering Bitassets Venture.
Bitassets Venture is a Ponzi scam since it uses fresh investments to pay returns.
As with other MLM Ponzi scams, if affiliate recruitment dries up, the new investment will dry up as well.
This will deprive Bitassets Venture of ROI revenue, eventually culminating in its demise.
The mathematics behind Ponzi schemes ensures that the vast majority of participants lose money when they fail.