Beware of Bitassets Venture- Review Part 2

Bitassets Venture’s website has no information on who owns or operates the firm.

On June 17th, 2021, Bitassets Venture’s website domain (“bitassetsventure.com”) was registered.

The registration is solely for personal use. Only a partial address in Occitanie, France, has been revealed.

Bitassets Venture claims to be located in Seoul, South Korea on its website.

This is unlikely, given that the building Bitassets Venture uses to represent their office is located in the United States:

Despite just being in business for a few months, Bitassets Venture has granted itself a slew of made-up awards:

As always, if an MLM firm is not honest about who runs or controls it, consider twice before joining and/or turning over any money.

Products from Bitassets Venture
Bitassets Venture does not offer any retailable products or services.

Affiliates can only promote Bitassets Ventures’ affiliate membership.

The Compensation Plan of Bitassets Venture
Bitassets Venture affiliates invest money with the promise of high returns:

Basic Plan – Invest $150 to $50,000 and get 112.3% back in 6 days.
Standard Plan: Invest $50,000 or more and receive 113.08% compounded over 6 days.
Basic Compounding Plan: Invest $10,000 to $50,000 and earn 158.8% in 28 days.
Standard Compounding Plan: Invest $50,000 or more and get 196.6% compounded over 42 days.
All withdrawals are subject to a $5 fee by Bitasset Venture.

Bitassets Venture’s MLM program compensates affiliates for direct and indirect recruiting.

Commissions for Recommendation
Bitassets Venture gives a 10% fee on monies invested by affiliates who are directly recruited.

Rewards for Regional Representatives
Bitassets Venture affiliates can become Regional Representatives if they have a downline of sixty affiliates that have invested.

Monthly compensation for Regional Representatives is $500.

Company Director Bonuses
Bitassets Venture associates are eligible to serve as Company Directors.

Personal investment of $20,000 or more; personal recruitment of at least ten affiliates; and total downline investment volume of $100,000.
Company Directors are paid $2500 per month plus a $10,000 Rolex watch.

Bitassets Venture associates qualify for Ambassador status by

personally invested $30,000 or more; directly recruited at least twenty affiliates; and generated a total downline investment volume of $200,000
Ambassadors are paid $5,000 per month, “plus a trip to the company’s headquarters and 24 hours of free shopping.”

Participating in the Bitassets Venture
Membership in Bitassets Venture appears to be free.

To fully participate in the attached income opportunity, a $30,000 investment in recruitment and maintenance is required.

Conclusion
Bitassets Venture claims to generate external revenue through

Investment activity involving skilled professional traders trading on financial markets and cryptocurrency exchanges.

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 truly produce 2.3% each day on a constant basis, they would not be selling access for as little as $150.

As of now, 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 out returns.

As with other MLM Ponzi schemes, once affiliate recruiting is exhausted, fresh investment will dry up.

This will deprive Bitassets Venture of ROI revenue, eventually leading to its demise.

Ponzi schemes’ logic ensures that when they fail, the vast majority of participants lose money.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *