Welcome to my Allbit Trade Review!
There has been some buzz about this company so I chose to investigate.
Chances are somebody approached you about the business opportunity or their products and you landed here to ensure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan, with videos, so you can settle on the correct choice.
Pay close attention and make sure you READ this to the end…
Allbit Trade Review (Company)
As usual I check to see who owns the domain. The reason for that is they don’t provide any info on their website in regards to whom runs or own Allbit Trade.
Based on Whois.net website domain (“allbit.trade”) was privately registered on April 12th, 2020.
In an attempt to appear legitimate, Allbit Trade provides a UK incorporation certificate for Allbit Group LTD on its website.
Also, Allbit Group LTD was incorporated on July 30th, 2020.
As you might already know, UK incorporation is dirt cheap and effectively unregulated. As a result, it makes it the favored jurisdiction for scammers looking to incorporate dodgy companies.
For the purpose of performing MLM due-diligence, UK incorporation is meaningless.
In addition, The use of the Russian ruble on Allbit Trade’s website suggests whoever actually runs the company is based out of Russia:
Alexa currently ranks Peru (12.2%), Vietnam (12.2%) and Venezuela (10.5%) as the top three sources of traffic to Allbit Trade’s website.
Allbit Trade Review Products
There is no retail-able products or services provided in Allbit. So, affiliates are only able to market Allbit Trade affiliate membership itself.
Allbit Trade’s Compensation Plan
Here is how the Compensation plan works.
Affiliates invest cryptocurrency, either in USD or RUB, on the promise of an advertised perpetual 3.3% daily ROI.
In other words, accepted investment amount by Allbit Trade are as follows.
- bitcoin – 0.005 to 4.3 BTC
- ethereum – 0.3 to 128 ETH
- litecoin – 0.6 to 880 LTC
- dogecoin – 4200 to 15150000 DOGE
- credit card – 2500 to 3,400,000 RUB (Russian ruble)
- Perfect Money and Payeer – $10 to $50,000 USD
Allbit Trade pays referral commissions on invested funds via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team. In other words, every personally recruited affiliate placed directly under them would be there level one.
Now if any level 1 affiliates recruit new affiliates, then, 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.
However, Allbit Trade caps payable unilevel team levels at four.
In addition to that, residual commissions are paid out as a percentage of funds invested across these four levels.
Levels based commisions:
- One (personally recruited affiliates) – 7%
- Two – 3%
- Three – 2%
- Four – 1%
How Much Does It Cost To Join Allbit Trade
Allbit Trade affiliate membership is free.
Full participation in the attached income opportunity however requires investment in cryptocurrency, USD or RUB.
Unlike all the other Allbit Trade reviews out there I am going to keep it real with you…
Allbit Trade claims to generate external revenue via “crypto trading”.
Allbit Trade is managed by trading professionals who have gained experience in the cryptocurrency industry for a long time and today prove their reliability and trust in the platform every day.
No evidence of Allbit Trade participating in crypto trading is provided. Nor is there any evidence of Allbit Trade using external revenue of any kind to pay returns.
Furthermore Allbit Trade’s business model fails the Ponzi logic test.
If Allbit Trade’s anonymous owners were actually capable of consistently generating 3.3% a day, what do they need your money for?
Even with a modest capital amount, investment compounded at 3.3% a day for eternity will eventually result in all the money in the world winding up in the Allbit Trade owner’s pocket.
As it stands the only verifiable source of revenue entering Allbit Trade is new investment.
Using new investment to pay affiliates a 3.3% daily return makes Allbit Trade a Ponzi scheme.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Allbit Trade of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
Stay away from them.
For more Crypto MLM reviews, check here!
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