BeeCash website was launched after the domain (beecash.co) was registered on 28th November 2017. The information provided at the time of registration seems bogus. The name of the owner of the domain is the name of the company itself. The address is also spelled incorrectly. Instead of using the United States, the admin has used United Stage.
In addition, the website does not provide any leads about the names of the founders of the company. However, the narration of the videos on the website is done using European accent which suggests that whosoever is behind the company’s operation are from Europe.
The company does offer the affiliate membership program. But, apart from that, there is no other verifiable products or services available for the members to count on. If you wish to join their affiliate program, you must invest a minimum of $100. You do have a back-door entry with no fee attached to it. But, this would only give you access to the referral commission.
BeeCash – Compensation Plan
BeeCash is selling their worthless BEH points in exchange for the real money. Each BEH point costs its affiliates a minimum of 0.60 dollars and a maximum of 1.20 dollars. After the points are acquired, the affiliates are encouraged to further lend back these points to the platform in the promise of huge ROI.
- Plan 1: You must invest $100 – $1000 for receiving variable ROI daily for 200 days
- Plan 2: You must invest $1001 – $5000 for receiving variable ROI daily as well as 0.1% daily bonus ROI rate for 180 days
- Plan 3: You must invest $5001 – $10,000 for receiving variable ROI daily as well as 0.2% daily ROI bonus rate for 120 days
- Plan 4: You must invest $10,001 – $100,000 for receiving variable ROI daily as well as 0.35% daily ROI bonus rate for 90 days
As per the company’s rule, only 30% of the ROI is available for withdrawal. Rest of the funds should be reinvested for new BEH points.
BeeCash – Referral Commission
BeeCash uses uni-level compensation structure to pay referral commission to its affiliates. In a uni-level structure, an affiliate is placed on the top and the personally recruited affiliates are placed directly under the recruiter.
For example, any new affiliates who are recruited by the top affiliate, are placed on level 1, directly under the top affiliate. The new affiliates who are recruited by the level 1 affiliate are placed on level 2 and so on. This goes on for an infinite number of series or until the platform collapses.
The percentage of funds that are invested through the new recruits are utilized to pay the existing recruitment. The referral commission is paid till 15th Level.
- Level 1: 8%
- Level 2: 4%
- Level 3: 2%
- Level 4: 1%
- Level 5: 0.5%
- Levels 6 & 7: 0.3%
- Level 8: 0.2%
- Levels 9 & 10: 0.1%
- Levels 11 till 15: 0.05%
BeeCash – Reviews
jratcliff63367: My point here is that if you want more transaction capacity now then litecoin does offer that in a far better network than #beecash will ever be.
Flo: Boi Bye! @DigiByteCoin #Digibyte has been sticking with Satoshi’s vision which is why #DigiByte has 5 mining algorithms to make sure it doesn’t end up being Centralized like #beecash and fall prey to you and your miners.
Conclusion from the above Reviews
The users from around the world are skeptical about the progress of BeeCash as a decentralized system. Also, there is no addition to the features that are already on the market. Neither the company has tried to stand out as a competitor to these existing technologies. In a nutshell, the company is worth nothing.
The company has provided no source for an external revenue which makes it a Ponzi Scheme. The affiliate membership program is the only way to pay its affiliates and this gets us back to square one.
The admins who are pretty shy to come in focus are operating from behind the walls. These admins are offloading their worthless points to the gullible users for real money. However, this plot can keep going forward until the recruitment is on the flame.
Once the recruitment would die and the minimum threshold will reach, the company will stop paying ROI to its affiliates. Those who would be joining early would be able to make some profit. However, the majority of the affiliates will lose money in the hands of these cunning admins.
The admins will find their way out with lots of money still stuck with the platform leaving the naïve investors at loss. So, if you are looking for a genuine investment, try to look out for other options. BeeCash is not the one that will stay for long.