Star Bit Review: forex trading = perpetual 2% daily ROI?

Star Bit provide no information on their website about who owns or runs the business.

The Star Bit website domain (“starbit.info”) was privately registered on April 29th, 2017.

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.

Star Bit Products

Star Bit has no retailable products or services, with affiliates only able to market Star Bit affiliate membership itself.

The Star Bit Compensation Plan

Star Bit affiliates invest $50 to $2000 on the promise of a daily 2% ROI payout.

  • Starter – $50
  • Regular – $100
  • Delux – $200
  • Premium – $500
  • Professional – $1000
  • Ultimate – $2000

There doesn’t appear to be any ROI limit, with each plan paying 2% a day indefinitely.

Star Bit affiliates can temporarily boost their ROI payout, as per the following qualification criteria:

  • Star Bit Pro-Silver – recruit two affiliates who invest the same or more than you within a 30 day period and receive a 1% ROI boost for 150 days (3% daily ROI rate)
  • Star Bit Pro-Diamond – recruit five affiliates who invest the same or more than you within a 30 day period and receive a 2% ROI boost for 150 days (4% daily ROI rate)

Referral Commissions

Referral commissions in Star Bit are paid out via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow.

At the end of each day Star Bit tally up new investment volume on both sides of the binary team.

Affiliates are paid a 10% commission on matched volume on their weaker binary side, with leftover volume on the stronger side carried over the following day.

Note that referral binary commissions are capped, based on how much a Star Bit affiliate has invested:

  • Starter – $50 a day
  • Regular – $100 a day
  • Delux – $200 a day
  • Premium – $500 a day
  • Professional – $1000 a day
  • Ultimate – $2000 a day

Joining Star Bit

Star Bit affiliate membership is tied to investment in one of six offered affiliate packages:

  • Starter – $50
  • Regular – $100
  • Delux – $200
  • Premium – $500
  • Professional – $1000
  • Ultimate – $2000

The primary difference between the above packages is income potential via the Star Bit compensation plan.

Note that all payments within Star Bit are made in bitcoin.

Conclusion

The ruse behind Star Bit’s daily ROI is forex trading, however the company provides no evidence of any forex trading taking place. Much the less trading the correlates to a daily 2% ROI.

The ruse also fails to pass the Ponzi logic test.

If Star Bit’s anonymous owner(s) was/were able to generate a legitimate 2% daily ROI consistently, why would they be soliciting investment from random people over the internet?

A 2% daily ROI without compounding equates to a 730% annual ROI. Under such conditions even a modest bank loan doesn’t take long to turn into a fortune.

The only verifiable source of revenue entering Star Bit is affiliate investment, the use of which to pay a 2% daily ROI makes it a Ponzi scheme.

Binary commissions are tied to affiliate recruitment, adding an additional pyramid layer to the scheme.

As with all Ponzi schemes, once affiliate recruitment dies down so too will newly invested funds. This will see Star Bit unable to meet its daily ROI obligations.

This will prompt a collapse, resulting in the majority of Star Bit affiliates losing money.

Let’s block ads! (Why?)

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