Bitron provide no information on their website about who owns or runs the company.
The Bitron website domain (“bitron.io”) was privately registered on January 1st, 2018.
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.
Bitron has no retailable products or services, with affiliates only able to market Bitron affiliate membership itself.
The Bitron Compensation Plan
Bitron affiliates acquire BTN points from the company’s anonymous owners.
BTN points are sold to Bitron affiliates for 70 cents to $2.50 each.
Once acquired, BTN points are “lent” back to Bitron on the promise of a monthly ROI of up to 10%:
- invest $100 to $1000 and receive a daily variable ROI for 299 days
- invest $1010 to $5000 and receive a daily variable ROI plus 0.17% bonus daily ROI for 240 days
- invest $5010 to $10,000 and receive a daily variable ROI plus 0.25% bonus daily ROI for 180 days
- invest $10,010 to $100,000 and receive a daily variable ROI plus 0.3% bonus daily ROI for 90 days
- invest $100,001 or more and receive a daily variable ROI plus 0.35% bonus daily ROI for 90 days
Bitron pay referral commissions 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.
Bitron cap payable unilevel levels at four, with commissions paid out as a percentage of funds invested across these four levels as follows:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 4%
- level 3 – 2%
- level 4 – 1%
Bitron affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Bitron MLM opportunity requires a minimum $100 investment.
Bitron claim to generate external ROI revenue via use of a “trading bot and volatility software”.
The company provides no evidence such a bot or software exists, nor do they provide evidence of any other external ROI revenue source.
This leaves new investment as the sole verifiable source of revenue entering Bitron.
Using newly invested funds to pay existing affiliates a daily ROI makes Bitron a Ponzi scheme.
Lending ICO Ponzis like Bitron play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s BTN points.
Bitron’s admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does Bitron’s ROI reserve.
When a predetermined threshold is reached, Bitron’s anonymous admins do a runner with what’s left.
Early Bitron investors make a bit of money (mostly via recruitment of new investors). But same as any other Ponzi scheme, the reality of such scams is that the majority of participants eventually lose money.