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In the MLM space for cryptocurrencies, BitMonsters works.

On its website, the business doesn’t have a corporate address. However, “China Hong Kong” may be seen on the website footer of BitMonsters, indicating connections to southeast Asia.

Contrary to the Terms and Conditions on the BitMonsters website, which claim;

Incorporated in St. Vincent and the Grenadines is BitMonsters (SV) Ltd.

In terms of MLM due diligence, both Hong Kong shell firms and St. Vincent and the Grenadines shell businesses are useless.

The connections between BitMonsters and Dubai are not meaningless.

Louis Casper Dünweber, the CEO of BitMonsters, is in charge (right).

According to Dünweber’s company biography at BitMonsters, he is a “rich businessman.” I was unable to confirm that assertion.

I had trouble verifying several things regarding Dünweber. He looks to be quite wealthy and spends most of his time uploading pictures on Instagram.

There is a very good chance Dünweber is the CEO of Boris.

According to SimilarWeb, 81% of the BitMonsters website is now located in Ukraine.

Dünweber is thought to be a citizen of the UK. or, at the absolute least, has lived there for a sizable portion of his life.

Unsurprisingly, Dünweber is based in Dubai as well:

The world’s MLM crime capital is Dubai.

Dubai’s BehindMLM rules are as follows:

You are being conned if a Dubai resident contacts you about an MLM opportunity.

An MLM business is fraudulent if it claims to be headquartered in Dubai or to have connections there.

Continue reading for detailed analysis if you want to know particularly how this relates to BitMonsters.

Products from BitMonsters

BitMonsters doesn’t provide any goods or services for sale.

Only the BitMonsters affiliate membership itself may be promoted by affiliates.

The compensation plan for BitMonsters

Affiliates of BitMonsters invest in tether (USDT) or bitcoin using USD counterparts (BTC).

On the promise of a daily return advertised, this is done:

Falcon offers a daily ROI for 38 weeks for investments of $100 to $1000.

Starship offers a daily ROI for 40 weeks for investments between $1001 and $5000.

Investments of $5001 to $10,000 will yield a daily return during 44 weeks with SpaceX.

Super Heavy offers a daily ROI for 48 weeks on investments between $10,000 and $50,000.

BitMonster offers a daily ROI for 52 weeks for investments between $50,000 and $100,000.

The BitMonsters MLM division compensates for the acquisition of affiliate investors.

Ranks for BitMonsters Affiliates

The compensation structure of BitMonsters has seventeen affiliate tiers.

They are as follows, along with their respective qualifying standards:

Spend $100 or more to get ranked one.

Rank 2: Keep your investment activities and bring in $5000 in downline investment volume.

Rank 3: Keep your investment activities and bring in $10,000 in downline investment volume.

Rank 4: Invest $500 or more and bring in $20,000 from your downline.

Rank 5: Invest at least $1,000 and bring in $50,000 in downline investment volume.

Rank 6: Invest at least $2,000 and bring in $100,000 in downline investment volume.

Rank 7: Invest at least $5,000 and bring in $200,000 in downline investment volume.

Rank 8: Invest $10,000 or more to produce a downline investment volume of $500,000

Rank 9: Invest at least $15,000 and produce a volume of downline investments of $1,000,000.

Rank 10: Invest at least $20,000 and produce $2,500,000 in downline investment volume.

Rank 11: Invest at least $30,000 and produce $5,000,000 in downline investment volume.

Rank 12: Invest at least $50,000 and produce a downline investment volume of $10,000,000.

Rank 13: Invest at least $70,00 and bring in $25,000,000 in downline investment volume.

Rank 14: Invest $100,000 or more and bring in a total of $50,000,000 in downline investments.

Rank 15 – keep a $100,000 investment active and bring in $75,000,000 in downline investment volume

Rank 16 – continuously invest $100,000 and bring in $100,000,000 from your downline.

Rank 17 – continuously invest $100,000 and bring in $200,000,000 from your downline.

Keep in mind that every unilevel team leg may contribute up to 50% of the minimum downline expenditure for Ranks 2 to 5.

This drops to up to 45% from two legs and up to 10% from a third at Rank 6.

Rank 7 receives up to 20% from a third leg and up to 40% from two legs.

Rank 8 is subject to a maximum of 35% from two legs, 20% from a third, and 10% from a fourth.

Rank 9 can receive up to 25% from two legs, 20% from a third, and 15% each from a fourth and a fifth.

Referral Fees On bitcoin investments made by affiliates that BitMonsters directly recruited, the company pays a referral fee.

Affiliates at rank one are paid 5%. 2 associates generate 8%

Rank 3 partners generate 11%.

Rank 4 affiliates make 14% 5 associates generate 16%

Rank 6 associates generate 18%

Rank 7 partners bring in 19.5%.

Rank 8 associates bring in 21%

Rank 9 associates generate 22.5%

Affiliates in the top 10 earn 24%

Affiliates in rank 11 make 25%

Rank 12 partners bring in 26%

Rank 13 partners bring in 27%

Rank 14 partners generate 28%

Rank 15 partners generate 29%

Rank 16 associates generate 30%

Rank 17 partners bring in 31%.

Recurring Commissions

On each bitcoin deposited into the business, BitMonsters pays a 31% fee.

First, a referral commission is handed out in the previous section, “Referral Commissions.”

The difference between referral commissions given to downline affiliates with lower rankings and the 31% is what is paid as residual commissions.

BitMonsters uses a unilevel compensation scheme to monitor referral commissions.

An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruited is positioned immediately under them (level 1):

New affiliates brought on by any level 1 affiliates are added to the original affiliate’s unilevel team at level 2.

If any level 2 affiliates bring on new affiliates, they are promoted to level 3, and so on down a theoretically endless number of levels.

We’ll take the example of a downline Rank 6 affiliate who is on your unilevel team and brings in a new affiliate who invests to demonstrate residual commissions.

The affiliate at rank six gets paid their 18% referral commission. A residual commission of 13% is still owed to the upline, higher-rated affiliates.

Consider yourself to be in rank 14 and every affiliate between you and the affiliate in rank 6 is ranked lower than you.

Your residual commission, in this case, would be 10% (your 28% Rank 14 rate less the 18% already paid out).

31% less the 28% that have already been paid out leaves just 3% to be distributed. This sum would be given to an affiliate with a rank of 15 or above in the unilevel team farther upline. If a Rank 15 was discovered first, followed by a Rank 16 and then a Rank 17, then there may be more than one affiliate.

It should be noted that every time a Rank 17 affiliate brings on a new affiliate or earns a residual income, they get the whole 31% commission or whatever is left over, up to 31%.

Nothing ever gets passed up so that a Rank 17 can be rewarded.

Comparative Bonus

According to BitMonsters’ compensation structure, the Matching Bonus might be anything between “10% and 3%.”

No specific information is offered.

Bonus for Rank Achievement

BitMonsters offers the following one-time Rank Achievement Bonuses to affiliates that meet the requirements at Rank 6 and higher:

At rank 6, you’ll earn an iPhone or $1,000 USDT; at rank 7, you’ll get a MacBook or $2,000 USDT; at rank 8, you’ll get “Yacht Leadership in Dubai”; and at rank 9, you’ll get a Rolex Daytona.

Qualify at Rank 10 to receive an Audi RS 6, or Qualify at Rank 11 to receive an apartment, or Qualify at Rank 12 to receive a Ferrari California, or Qualify at Rank 13 to receive a Rolls Royce Phantom, or Qualify at Rank 14 to receive a “Villa on Bali,” or Qualify at Rank 15 to receive a yacht, or Qualify at Rank 16 to receive a villa in Dubai, or Qualify

It costs nothing to become a BitMonsters associate member.

A minimum investment of $100, paid in tether or bitcoin, is required for full participation in the associated income opportunity.

BitMonsters Summary

BitMonsters is a typical MLM Ponzi fraud operating in Dubai.

Untrustworthy CEO; not an actor, but unlikely to be in charge of the business Dubai links to cryptocurrencies used in Russia and Ukraine; “we generate foreign money via trading”

Underscoring that final argument, “trade outcomes” offered by MLM organizations

is not a replacement for the audited financial reports submitted to financial regulators, nor is it proof that outside income was utilized to finance withdrawals.

Any MLM firm offering a passive investment plan must meet the latter condition.

This is the case with BitMonsters. Additionally, BitMonsters is at the very least engaging in securities fraud by neglecting to submit audited financial reports and register with financial regulators.

The claim made by BitMonsters that the creation of a shell company in Hong Kong makes investment fraud permissible is false:

As with all MLM Ponzi scams, the fresh investment will cease as soon as affiliate recruiting does.

This will deprive BitMonsters of ROI income, leading to a final collapse.

The mathematics behind Ponzi schemes ensures that when they fail, the majority of investors lose money.

While the business seeks investment in tether and bitcoin, BitMonsters prefers to use the “big monsters token” exit scam.

The native BitMonsters coin, which will be made available in the upcoming days, will function as a reward delivery mechanism and be useable across the ecosystem.

You are familiar with the procedure. When bitcoin and tether are released, investors are rewarded with worthless bit monsters tokens.

Everyone is left holding another worthless Ponzi token and the inevitable exit scam.

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