LeaderBit provide no information on their website about who owns or runs the business.
The LeaderBit website domain (“leaderbit.biz”) was privately registered on July 17th, 2017.
LeaderBit Limited was incorporated in the UK on July 21st, 2017.
The address used to incorporate LeaderBit Limited belongs to Corporation House, who provide company formation and virtual office services.
Eddy Smith is listed as the sole Director of LeaderBit, using the same virtual office address.
As such it’s highly likely that Eddy Smith doesn’t actually exist. LeaderBit Limited is little more than a shell company that exists in the UK in name only.
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.
LeaderBit has no retailable products or services, with affiliates only able to market LeaderBit affiliate membership itself.
The LeaderBit Compensation Plan
LeaderBit affiliates invest bitcoin in three offered plans:
- Stable Plan – invest 0.005 to 5 BTC and receive a 12% daily ROI for 12 days (144%)
- Extended Plan – invest 5.001 to 20 BTC and receive a 12.5% daily ROI for 12 days (150%)
- Maximum Plan – invest 20 to 200 BTC and receive a 13% daily ROI for 12 days (156%)
Residual commissions are available on funds invested by downline affiliates, paid out down three levels of recruitment (unilevel):
- 7% on level 1 (personally recruited affiliates)
- 2% on level 2 and
- 1% on level 3
LeaderBit affiliate membership is free, however full participation in the attached income opportunity requires an investment of between 0.005 to 200 BTC.
The ruse behind LeaderBit’s ROI payouts is… well, the company doesn’t actually say.
You’ve got your usual mumbo-jumbo about bitcoin, but no explicit source of ROI revenue.
That leaves new affiliate investment the only verifiable source of funds entering LeaderBit.
Using those funds to pay existing LeaderBit affiliates a daily ROI makes it a Ponzi scheme.
LeaderBit’s business model also completely fails the Ponzi logic test.
Anyone able to consistently and legally generate a 13% daily ROI (that’s 4745% annually without compounding). wouldn’t be wasting their time soliciting investment from randoms over the internet.
As with all Ponzi schemes, once affiliate investment dries up LeaderBit will find itself unable to meet its ROI obligations.
Due to the short maturity period, this will maximize affiliate losses when LeaderBit inevitable collapses.