Beware of BeOnWise – Review

On its website, BeOnWise fails to give ownership or business information.

BeOnWise gives an incorporation certificate for BeOnWise Limited in Ireland to seem authentic.

Basic incorporation in any jurisdiction is worthless for MLM due diligence purposes. This is owing to the simplicity with which fictitious information may be utilized to form shell corporations.

BeOnWise has an official YouTube account, where it has posted a few films about rental offices.

These films are the culmination of a multilingual CEO series that was released 6 to 3 days ago. The English original is glaringly absent from all of the videos.

Nonetheless, the actor portraying CEO “Ronan Patrick O’Sullivan” has an eastern-European accent if you listen closely.

O’Sullivan is a great Boris CEO candidate because of this, as well as the fact that he doesn’t exist outside of BeOnWise.

Russians or Ukrainians are usually behind Boris CEO scams.

The Central Bank of Russia has issued a pyramid fraud warning to BeOnWise, as of April 26th, 2022.

On November 1st, 2021, BeOnWise’s website domain (“beonwise.com”) was privately registered.

Despite not being founded until late 2021, BeOnWise fraudulently claims to have been operating since 2018.

At the time of publishing, Alexa ranked Vietnam (28 percent), Peru (23 percent), and South Korea as the major sources of traffic to BeOnWise’s website (9 percent ).

As always, if an MLM firm isn’t transparent about who runs or controls it, think twice about joining and/or giving over money.

Products from BeOnWise

There are no retailable BeOnWise products or services.

Affiliates can only promote their BeOnWise affiliate membership.

Compensation Plan at BeOnWise

Affiliates of BeOnWise invest in cryptocurrencies in the hopes of making a profit.

• Green Case – invest $25 to $500 and get 0.8 to 1.25 percent every day for 11 days.

• Blue Case – invest $5000 to $50000 and get 1.30% to 1.680% every day for 22 days.

• Gold Case – invest $5000 to $50,000 and get 1.7 to 2.11 percent every day for 55 days.

• Black Case — invest $50,000 to $1,000,000 and obtain a daily return of 2.2 percent to 2.77 percent for 77 days.

• Lite Futures — invest $100 to $5000 and get 2.3 to 3% every day for 88 days.

• Wise Futures — invest $1,000 to $100,000 and earn a daily return of 3.1 percent to 3.5 percent for 100 days.

While the above figures are in US dollars, BeOnWise exclusively accepts bitcoin investments.

On the MLM side of things, BeOnWise provides commissions on bitcoin investments made by affiliates who have been recruited.

Affiliate Ranks @ BeOnWise

Within BeOnWise’s compensation model, there are 10 affiliate ranks.

They are as follows, along with their respective qualification criteria:

• Member – become a BeOnWise affiliate • Partner – make a $15,000 downline investment volume • Mentor – make a $40,000 downline investment volume

• Agent: $100,000 in downline investment volume • Leader: $300,000 in downline investment volume

• Representative – $800,000 in downline investment volume • Director – $1,500,000 in downline investment volume • Regional Representative – $5,000,000 in downline investment volume • Master – $15,000,000 in downline investment volume

BeOnWise does not use a 1:1 ratio to count downline investment volume.

• 100% of funds invested on level 1 contribute to qualification; 80% of funds invested on level 2 contribute to qualification; 70% of funds invested on level 3 contribute to qualification; 60% of funds invested on level 4 contribute to qualification; 50% of funds invested on level 5 contribute to qualification; 40% of funds invested on level 6 contribute to qualification; 30% of funds invested on level 7 contribute to the qualification

See “referral commissions” below for further information on levels.

Commissions of Recommendation

BeOnWise has a one-level incentive system for referral commissions.

An affiliate is put at the head of a uni-level team, with every individually recruited affiliate placed right behind them (level 1):

Level 1 affiliates who recruit new affiliates are assigned to the original affiliate’s unilevel team’s level 2.

If any level 2 affiliates acquire new affiliates, they will be assigned to level 3, and so on, down a theoretically limitless number of levels.

BeOnWise caps payable unilevel team levels a twenty.

Referral commissions are paid as a percentage of cryptocurrency invested across these twenty levels based on rank:

• Members earn 5% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on level 3 • Partners earn 6% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 and 5 • Mentors earn 6% on level 1, 3% on level 2, 2% on level 3 and 1% on levels 4 to 7

• Agents earn 7% on level one, 3% on level two, 2% on level three, and 1% on levels four through nine.

• Leaders earn 7% on level 1, 4% on level 2, 2% on level 3 and 1% on levels 4 to 11

• Representatives earn 8% on level 1, 4% on level 2, 2% on levels 3 and 4 and 1% on levels 5 to 13 • Directors earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 13 and 0.5% on levels 14 and 15 • Regional Representatives earn 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1% on levels 5 to 14 and 0.5% on levels 15 to 18

• Masters earn 9% on level 1, 5% on level 2, 4% on level 3, 2% on levels 4 and 5, 1% on levels 6 to 16 and 0.5% on levels 17 to 19

• Wises earn 10% on level 1, 6% on level 2, 5% on level 3, 3% on level 4, 2% on level 5 and 1% on levels 6 to 20

Rank Achievement Bonus

BeOnWise rewards affiliates for qualifying at Partner and higher with the following one-time Rank Achievement Bonuses:

• qualify at Partner and receive $100 • qualify at Mentor and receive $500 • qualify at Agent and receive $1000 • qualify at Leader and receive $2500 • qualify at Representative and receive $5000 • qualify at Director and receive $15,000 • qualify at Regional Representative and receive $50,000 • qualify at Master and receive $100,000 • qualify at Wise and receive $250,000

Joining BeOnWise

BeOnWise affiliate membership is free.

Full participation in the attached income opportunity requires a minimum $25 investment in cryptocurrency.

BeOnWise solicits investment in litecoin, ethereum, tron, and bitcoin.

BeOnWise Conclusion

BeOnWise represents it generates external revenue via trading.

Our company professionally trades in the cryptocurrency markets to profit from the use of its own raised capital.

There is no evidence of BeOnWise being engaged in trading activity. Or any activity that generates external revenue.

The only verifiable source of revenue entering BeOnWise is new investment. When used to pay returns, this makes BeOnWise a Ponzi scheme.

That much should have been obvious when BeOnWise trotted out the actors.

As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.

This will starve BeOnWise of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.

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