Bit Phoenix Solutions provide no information on their website about who owns or runs the business.
The Bit Phoenix Solutions website domain (“bitphoenixsolutions.com”) was privately registered on October 10th, 2017.
A UK incorporation number is provided on the Bit Phoenix Solutions website. Strangely enough however it’s for the company BTC World LTD, which was incorporated back in April, 2016.
BTC World LTD was a Ponzi scheme launched in mid 2016. Affiliates were promised a 2% to 5% daily ROI “for life”, however the scheme collapsed within a few months.
BTC World LTD was incorporated by Bogdan Kyrychenko of Ukraine.
The UK address used in the incorporation is a rented mailbox from Company Formation Made Simple.
According to their website, Company Formation Made Simple offer a UK incorporation service for £14.99 GBP.
Funnily enough, no information on Bogdan Kyrchenko outside of the BTC World LTD incorporation exists.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Bit Phoenix Solutions Products
Bit Phoenix Solutions has no retailable products or services, with affiliates only able to market Bit Phoenix Solutions affiliate membership itself.
The Bit Phoenix Solutions Compensation Plan
Bit Phoenix advertise affiliates who invest can ‘earn 5% to 10% daily for lifetime [sic]‘.
- Plan 1 – invest $20 to $1000 and receive a 5% daily ROI
- Plan 2 – invest $1001 to $5000 and receive a 7% daily ROI
- Plan 3 – invest $5001 or more and receive a 10% daily ROI
Bit Phoenix Solutions pay referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 5%
- level 2 – 3%
- level 3 – 1%
Joining Bit Phoenix Solutions
Bit Phoenix Solutions affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Bit Phoenix Solutions income opportunity requires a minimum $20 investment.
The ruse behind Bit Phoenix Solutions’ daily ROI payments is “bitcoin trading bots”.
For years our team has been working hard and finally we can present you our BitCoin trading bots named project Bit Phoenix.
Trading bots are sophisticated artificial intelligence algorithms that monitor the financial markets and look for opportunities to buy or sell assets in order to generate profit.
As of now we have four advanced trading bot units online.
This fails the Ponzi logic test completely.
If Bogdan Kyrychenko was able to generate a daily ROI of up to 10% on auto-pilot, he’d invest his own money and retire to a private island somewhere in a few years.
Furthermore, this is the same ruse used to pitch BTC World LTD. How did BTC World LTD collapse if the bots were pumping out a 5% to 10% ROI daily?
The answer is there are no bots.
New affiliate investment is the only verifiable source of revenue entering Bit Phoenix Solutions, the use of which to pay a daily ROI to existing affiliates makes it a Ponzi scheme.
As with all Ponzi schemes, once new affiliate recruitment slows down so too will new funds entering the system.
This will see Bit Phoenix Solutions starved of revenue and unable to meet its daily ROI obligations.
The math behind a Ponzi guarantees the majority of investors lose money when it collapses.