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On its website, BlackFort Wallet does not reveal who owns or operates the firm.

Instead, BlackFort Wallet claims to be incorporated in Estonia and the British Virgin Islands (BVI).

BlackFort Wallet & Exchange is the trading name of the firm BlackFort Tech Estonia OU, which is incorporated in the Republic of Estonia and consists of the following sister companies.

BlackFort Inc (BVI) is a multinational OP setup company. It is in charge of the BXF token economy’s conception and construction, as well as the rights to it.

It also acts as a springboard for future growth in other jurisdictions.

Although it’s less frequent nowadays, Estonia used to promote itself as a blockchain bro haven a few years ago.

Scammers used this to get access to banking channels by incorporating their crypto schemes there.

This is most likely connected to BlackFort Exchange in terms of BlackFort Wallet.

BlackFort Wallet Services are offered by Blackfort Tech Estonia OÜ, which holds the FVT000100 Cryptocurrency Wallet and Exchange License.

The online presence of BlackFort Wallet is BlackFort Exchange, which may be accessed via an app.

In 2019, the domain “blackfort. exchange” was first registered. The registration of the private domain was last updated on July 2021.

The British Virgin Islands (BVI) is well-known for being a sanctuary for scammers. BlackFort Inc. is a shell business created in the British Virgin Islands (BVI) for malicious reasons.

As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.

The Products of BlackFort Wallet

There are no retailable items or services offered by BlackFort Wallet.

Affiliates can only promote the BlackFort Wallet app.

The Compensation Plan of BlackFort Wallet

Affiliates of BlackFort Wallet invest ethereum in BXF tokens.

This is done based on the following promises:

Invest up to 1 Ethereum in BXF tokens and get a 10% return.

Invest 1 to 2 ETH in BXF tokens and get a 15% return on your investment.

Invest 2 to 4 ETH in BXF tokens and get a 20% return on your investment.

Invest 4 ETH or more in BXF tokens and get a 25% return.

BlackFort does not define a time frame for investment.

The MLM aspect of Blackford compensates for affiliate investor recruiting.

Commissions for Referrals

Affiliates receive 10% of monies invested in BXN tokens from BlackFort Wallet.

Residual Commissions are commissions that are paid regularly.

I can confirm that BlackFort Wallet pays residual commissions, but no details are given.

This is all BlackFort Wallet has to provide in far of information;

BlackFort encourages everyone to enjoy and profit from the process of forming a team.

You begin to earn team incentives based on your purchases, direct affiliates, and their affiliates. This means that the more you and your team raise awareness of Blackford Wallet among partners and the general public, the more you and your partners stand to earn.

It’s not “fun” to not know how you’ll be compensated as an affiliate.

Become a member of BlackFort Wallet

Affiliate membership with BlackFort Wallet looks to be free.

An ethereum investment in BXF tokens is required to fully participate in the linked income opportunity.

There is no minimum investment amount specified by BlackFort Wallet.

Conclusion of the BlackFort Wallet

BlackFort Wallet has a horrible marketing strategy. It’s tough to take them seriously as an MLM firm based on that alone.

Based on the facts presented, BlackFort Wallet appears to be a straightforward shittoken Ponzi scam.

The investment concept of BlackFort Wallet is disguised as “purchasing nodes” in blockchain bro jargon. It’s completely pointless.

The BXF coin is an ERC-20 token. These are easy to establish on the Ethereum blockchain and cost little or nothing.

You hand over ethereum, receive BXF tokens for an undisclosed price, store them in BlackFort Wallet, and earn a passive return.

Because the ROI is paid in BXF, a group of investors will be left holding the bag in the end.

New investment is the sole probable source of revenue for BlackFort Wallet.

BlackFort Wallet is a Ponzi scheme because it uses fresh investment to settle BXF token investment scheme withdrawals.

It should be mentioned that BlackFort Wallet is not registered in any country to provide securities. Shell firms registered in the British Virgin Islands and Estonia are not a replacement.

BlackFort Wallet is committing securities fraud by not registering its passive investing program with financial regulators. Securities fraud is against the law all around the world.

As with many MLM Ponzi scams, once affiliate recruiting stops, fresh investment stops as well.

This will deprive BlackFort Wallet of ROI money, resulting in its eventual demise.

When MLM Ponzi schemes fail, the math ensures that the vast majority of members lose money.

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