BitConcent Review: Lending Ponzi up to 45% monthly ROI

BitConcent claims to provide 45% monthly ROI. The company is offering BitConcent Points as well as BitConcent Gold Points with similar lending schemes. However, the minds behind these plans are unavailable.
BitConcent Review: Lending Ponzi up to 45% monthly ROI
1 (20%) 5 votes

Dirty Scam keeps scrutinizing companies claiming to provide high returns for similar patterns. In most cases, we get the positive matches. My research on BitConcent got me some parallel results.

BitConcent’s domain (bitconcent.co) was registered privately on 24th September 2017. So, I couldn’t find the name of the owner of the domain. The website also does not mention the names of the founders of the company.

There is no product or service apart from affiliate recruitment program exists with the company. If you wish to be a part of their affiliate recruitment program, you can do that with an investment of 50 BTCC.

There is a free membership plan as well, but that only gives you access to the referral commission. If you wish to enjoy all the perks, a minimum investment is needed.

However, I would still suggest giving it a thought, as the company is not transparent and most likely is going to leave its affiliates out of money, when the platform will collapse.

BitConcent – Compensation Plan

BitConcent sells BTCC points to its affiliates at a rate of 1.50 dollars each. Once, the affiliates acquire these points, BitConcent encourages them to lent these points back to the platform in the promise of huge ROI that can reach up to 45% monthly.

  • Plan 1: You must invest 50 – 1000 BTCC points for receiving daily variable ROI
  • Plan 2: You must invest 1001 – 5000 BTCC points for receiving daily variable ROI as well as 0.1% bonus daily ROI
  • Plan 3: You must invest 5001 – 10,000 BTCC points for receiving daily variable ROI as well as 0.15% bonus daily ROI
  • Plan 4: You must invest 10,001 – 50,000 BTCC points for receiving daily variable ROI as well as 0.2% bonus daily ROI
  • Plan 5: You must invest 50,001 – 100,000 BTCC points for receiving daily variable ROI as well as 0.25% bonus daily ROI
  • Plan 6: You must invest 100,001 or more BTCC points for receiving daily variable ROI as well as 0.3% bonus daily ROI

BitConcent admins also offer BTCCG (Bitconcent Gold points) which are available at $10 each. Like the BTCC points, the BTCCG points are lent back to the platform after they are acquired, for receiving a monthly ROI that can go up to 35%.

  • Plan 1: You must invest 5 – 100 BTCCG points for receiving daily variable ROI
  • Plan 2: You must invest 101 – 500 BTCCG points for receiving daily variable ROI as well as 0.1% bonus daily ROI
  • Plan 3: You must invest 501 – 1000 BTCCG points for receiving daily variable ROI as well as 0.15% bonus daily ROI
  • Plan 4: You must invest 1001 – 5000 BTCCG points for receiving daily variable ROI as well as 0.2% bonus daily ROI
  • Plan 5: You must invest 5001 – 10,000 BTCCG points for receiving daily variable ROI as well as 0.25% bonus daily ROI
  • Plan 6: You must invest 10,0001 or more BTCCG points for receiving daily variable ROI as well as 0.3% bonus daily ROI

BitConcent – Referral Commission

The referral commission is paid via unilevel compensation structure. In this structure, an affiliate is placed at the top and the affiliates who are recruited personally, are placed directly under the recruiter.

For example, the affiliate who are recruited by the top affiliate, are placed on level 1, directly under the top affiliate. The affiliate who are recruited by any of the level 1 affiliate are placed on level 2, directly under the one who recruited them and so on. This goes for an infinite series.

The referral commission is paid down to 10th level. The percentage of funds invested by the recruited affiliates is paid to the recruiter.

  • Level 1: 5%
  • Level 2: 2%
  • Level 3: 1%
  • Levels 4 & 5: 0.5%
  • Levels 6 – 10: 0.2%

BitConcent – Residual Commission

BitConcent follows binary compensation structure to pay the residual commission to its affiliates. In this structure, an affiliate is placed at the top order and the next level is split into right and left arm. The first level has 2 affiliates. These 2 affiliates are further split into two each, making a total of 4 affiliates on level 3 and so on. This can go to an infinite number of series.

Everyday, after the time ends, BitConcent matches both the arms for the new recruitments. Based on that, the residual commission is paid.

  • A rate of 2% residual commission is paid if $1000 is matched on both sides
  • A rate of 3% residual commission is paid if $10,000 is matched on both sides
  • A rate of 5% residual commission is paid if $100,000 is matched on both sides

BitConcent – Reviews

Stephen Carpenter: cannot believe you arseholes are at it again

BitConcent

Nguyễn Sỹ Trà: I have loaded ETH into my wallet And I have not yet seen it, Five in my wallet

Conclusion from the above Reviews

These reviews very much connect us with the ones that was posted for other companies operating ponzi scheme. BitConcent is no different. People are connecting with the platform but are facing issues with wallet updating. This is common with companies which do not give a damn about its affiliates and just keep making money from other savings.

The Verdict

As BitConcent does not have any other product other than the affiliate program, this makes it a Ponzi Scheme. The company is selling worthless points to its affiliates for real money. These points have no value out of this platform.

The funds invested by the new affiliates are used to pay the existing ones. Hence, the entire structure will be stable until the recruitment carries on. Once the recruitment will die, the ROI will stop, and the anonymous admins will run away with the left amount.

This will be enough to make them rich and access to make you sulk. So, keep looking for your savings and do not invest in scams like the one BItConcent is up with.

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