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GainBTT’s website has no information regarding who owns or controls the firm.

On May 24th, 2021, GainBTT’s website domain (“gainbtt.io”) was privately registered.

GainBTT supplies basic UK incorporation data for GainBTT LTD in an attempt to seem official.

An MLM firm based in or claiming to be based in the United Kingdom is a red flag.

In the United Kingdom, incorporation is dirt cheap and virtually uncontrolled. Furthermore, the FCA, the United Kingdom’s leading financial regulator, does not actively regulate MLM-related securities fraud.

As a result, the United Kingdom is a popular destination for fraudsters wishing to incorporate, run, and market bogus businesses.

Incorporation in the UK or registration with the FCA is irrelevant for MLM due diligence.

According to Alexa, the biggest sources of traffic to GaintBTT’s website are India (36%), and Sri Lanka (31%).

GainBTT’s operator is almost certainly from one or both of these nations.

The terminology used on GainBTT’s website appears to support this:

GainBTT is a best-experienced people’s community where they may construct a social platform and provide you and your career the finest opportunities.

GainBTT also markets using the phrase “crores”:

A crore is ten million. The term is most often used in India, although it is also used in neighboring nations.

As always, if an MLM firm is not honest about who runs or controls it, consider twice before joining and/or turning over any money.

Products by GainBTT
GainBTT does not sell any items or services.

Affiliates can only promote GainBTT affiliate membership.

GainBTT’s Compensation Scheme
GainBTT affiliates invest in BitTorrent Token (BTT) in exchange for the following advertised returns:

invest 2250 BTT and get 225% invest 4500 BTT and get 250% spend 9000 BTT and get 270% invest 45,000 BTT and get 300% to invest 90,000 BTT and get 360%
GainBTT represents daily returns ranging from 1% to 10% until the stated caps are attained.

GainBTT’s MLM side makes money by recruiting affiliate investors.

Commissions for Recommendation
Affiliates of GainBTT get 25% of the BTT invested by directly recruited affiliates.

Recurring Commissions
GainBTT uses a binary compensation scheme to pay residual commissions.

In a binary compensation system, an affiliate is placed at the top of a binary team, which is divided into two sides (left and right):

The binary team’s initial level has two slots. The binary team’s second level is created by dividing the initial two slots into two more positions each (4 positions).

As needed, subsequent levels of the binary team are constructed, with each successive level containing twice as many spots as the preceding level.

Positions on the binary team are filled through direct and indirect affiliate recruiting. It should be noted that there is no limit to how deep a binary team may develop.

On both sides of the binary team, residual commissions are paid as 10% of invested cash.

It is worth noting that the first residual commission paid out has a matching ratio of 2:1.

For example, for a GainBTT affiliate’s first residual commission run, the amount matched on one side of the binary team must be doubled.

For example, $10 on one side matched with $20 on the other. $20 is matched with $40 on the other side, and so on.

Following the initial run, matching funds are matched 1:1 on both binary team sides.

Manager Incentive GainBTT affiliates that have 500 affiliates on both sides of their binary team receive a 3% residual commission rate bonus.

This is known as qualifying as a Manager.

A GainBTT affiliate must recruit affiliates who invest at least 40 SH points every week to maintain Manager certification.

Refer to “rewards” for further information about SH points.

GainBTT provides extra BTT to affiliates that meet binary team investment goals.

These milestones are represented by investment packages and “SH points”:

A 2250 BTT investment yields 1 SH point, while a 4500 BTT investment yields 2 SH points.
A 9000 BTT investment results in 4 SH points.
A 45,000 BTT investment yields 20 SH points, whereas a 90,000 BTT investment yields 40 SH points.
SH points are scored on both sides of the binary team as part of the rewards qualification criteria:

generate 4 SH points on both sides of the binary team and receive 450 BTT generate 20 SH points on both sides of the binary team and receive 1800 BTT generate 40 SH points on both sides of the binary team and receive 3600 BTT generate 200 SH points on both sides of the binary team and receive 18,000 BTT generate 400 SH points on both sides of the binary team and receive 72,000 BTT generate 400 SH points on both sides of the binary team and receive 72,000 BTT
generate 2000 SH points on both sides of the binary team and receive 360,000 BTT generate 4000 SH points on both sides of the binary team and receive 1,800,000 BTT generate 20,000 SH points on both sides of the binary team and receive 3,600,000 BTT generate 40,000 SH points on both sides of the binary team and receive 10,000,000 BTT generate 100,000 SH points on both sides of the binary team and receive 50,000,000 BTT generate 100,000 SH points on both sides of the binary team and receive 50,000,000 BTT
GainBTT affiliate membership is completely free.

A minimum investment of 2250 BTT is required to fully participate in the associated income opportunity.

GainBTT raises funds with an in-house app.

Conclusion
GainBTT is a straightforward MLM crypto Ponzi scheme.

Affiliates join up for BitTorrent Token and invest in it. This is done in exchange for the promise of advertised returns:

GainBTT’s only proven source of revenue is an additional investment. GainBTT is a Ponzi scam since it uses this incoming investment to pay out rewards.

GainBTT’s MLM side recycles deposited funds to pay recruiting commissions, introducing a pyramid layer to the plan.

As with other MLM Ponzi schemes, once affiliate recruiting is exhausted, the fresh investment will dry up.

GainBTT will be deprived of ROI revenue as a result, leading to its demise.

Ponzi schemes’ logic ensures that when they fail, the vast majority of participants lose money.

It should be noted that the current version of GainBTT is promoted as “2.0”:

This shows that the original GainBTT Ponzi scheme has already failed. This is significant given that the plan is just a few months old.

GainBTT has crashed again as of January 29th, 2022.

GainBTT’s website was taken down at the time of this update. A reader commented below that the company’s app is also no longer functional.

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