There is no information on the Bitcoin Builder website indicating who owns or runs the business.
The Bitcoin Builder website domain (“bitcoinbuilder.club”) was privately registered on February 9th, 2017.
According to statistics provided on the Bitcoin Builder website (which admittedly may not be accurate), the US, India and Nigeria are primary sources of revenue for the company.
It is highly likely that whoever is running Bitcoin Builder is based out of one or more of these three countries.
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.
The Bitcoin Builder Product Line
Bitcoin Builder has no retailable products or services, with affiliates only able to market Bitcoin Builder affiliate membership itself.
The Bitcoin Builder Compensation Plan
The Bitcoin Builder compensation plan sees affiliates gift bitcoin to each other via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
A Bitcoin Builder affiliate signs up and gifts 0.01 BTC into the system.
Bitcoin Builder’s admins take 0.002 BTC of each 0.01 BTC gifting payment and split the rest with eight upline affiliates.
In the unilevel team, this is the affiliate who recruited you, the affiliate who recruited them and so on and so forth.
0.01 BTC gifting payments are then received across eight levels of your own unilevel team, via direct and indirect recruitment of new Bitcoin Builder affiliates.
Joining Bitcoin Builder
Bitcoin Builder affiliate membership is tied to a 0.01 BTC gifting payment.
On its website, Bitcoin Builder describes itself as a “M2M Payment System”.
“M2M” stands for “member 2 member”. Anytime you see this used to describe an MLM opportunity, rest assured they are talking about cash gifting.
Through eight levels of recruitment both above and below a Bitcoin Builder’s unilevel team position, 0.01 BTC gifting payments are distributed.
Once affiliate recruitment drops off so too will gifting payments, prompting Bitcoin Builder to collapse.
As is typical of gifting schemes, the anonymous admin(s) running Bitcoin Builder will receive the majority of funds deposited.
This is achieved via one or more pre-loaded positions, on top of 0.002 BTC out of every 0.01 BTC deposit made.
A few early affiliates (typically friends of the admin) will receive what’s left, with the majority of Bitcoin Builder affiliates winding up taking a loss.