Bank of Hodlers operates in the MLM cryptocurrency niche.

Bank of Hodlers’ executives all appear to be based out of India. Despite this, the company provides a bogus address in Singapore on its website.

Heading up Bank of Hodlers is co-founder and CEO Darshan Bathija.

As per his Twitter profile, Bathija (right) has been following cryptocurrency for a number of years.

Prior to co-founding Bank of Hodlers earlier this year, Bathija was “Head of Partnerships” at TapChief.

TapChief seems to be an India focused LinkedIn clone.

Bathija is based out of Karnatake, India, which is where Bank of Hodlers appears to be operated from.

Read on for a full review of the Bank of Hodlers MLM opportunity.

Bank of Hodlers Products

Bank of Hodlers has no retailable products or services, with affiliates only able to market Bank of Hodlers affiliate membership itself.

The Bank of Hodlers Compensation Plan

New Bank of Hodlers affiliates receive 100 BOH tokens when they sign up.

They then receive 100 BOH tokens for each affiliate they recruit.

50 BOH tokens are paid out for every level 2 recruit (unilevel).

Other ways Bank of Hodlers affiliates can acquire BOH tokens include:

investing cryptocurrency (200 tokens a deposit) and

borrowing cryptocurrency (500 tokens for each lending request)

In addition to the BOH token recruitment scheme, Bank of Hodlers affiliates receive annual returns on deposited cryptocurrency.

bitcoin – 5% a year

ethereum – 5% a year

dai – 7% a year

trueUSD – 7% a year

Joining Bank of Hodlers

Bank of Hodlers affiliate membership is free.

Full participation in the attached income opportunity however requires an investment in bitcoin, ethereum, dai or trueUSD.

No minimum investment amounts are specified on Bank of Hodlers’ website.

Conclusion

Bank of Hodlers pitches itself as a “customer-first bank”, through which its affiliates can “earn interest on (their) crypto”.

There’s quite a bit to unpack in that, so let’s start with banking regulations.

Banks are regulated in pretty much every country on the planet. If you want to launch a company and claim you’re a bank, there are regulatory procedures you need to follow.

That leads us into Bank of Hodlers’ shell incorporation in Singapore.

In a March 20th blog post on the Bank of Hodlers website, Darshan Bathija reveals a woefully inadequate understanding of finance regulation.

We’re physically present and based out of India because that’s where Sanju and I, and the whole team, are based out of.

The problem is, the Indian government hasn’t come out and clearly declared what you can and can’t do in the blockchain space.

Having such uncertainty doesn’t create an ideal environment to foster innovation, at least from a legal standpoint.

We were fairly clear on why we needed to be registered outside, even though the market opportunity may seem appealing – given what you can and can’t do in the market is not really clear and the Reserve Bank of India has basically instructed bank

🤖 Quick Answer

What is Bank of Hodlers and its business model?
Bank of Hodlers operates as a multi-level marketing cryptocurrency scheme centered on the BOH token. The company, founded by CEO Darshan Bathija, is based in India despite claiming a Singapore address on its website.

Who are Bank of Hodlers' leadership?
CEO and co-founder Darshan Bathija heads the organization. Prior to establishing Bank of Hodlers in 2024, Bathija served as Head of Partnerships at TapChief, an India-focused LinkedIn alternative, based in Karnataka.

What products does Bank of Hodlers offer?
Bank of Hodlers lacks legitimate retailable products or services. The scheme primarily focuses on affiliate recruitment and token distribution rather than tangible goods or functional services.

Where is Bank of Hodlers actually located?
Despite advertising a Singapore address, Bank of Hod

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