BehindMLM last checked in on Beep Xtra back in 2017. Looking to get in on the cryptocurrency grift bandwagon, Beep Xtra had opted for XCoin mining securities fraud.
Approximately seven months ago Beep Xtra resurrected its defunct YouTube channel to start promoting “Seriod 4.0 Masternodes”.
Before we get into Beep Xtra’s latest grift, some history.
Beep Xtra launched back in 2013 through a BVI shell company. The company is run by co-founders Lyndon Farrington (UK) and Angelos Hadjiphilippou (Cyprus).
The original offering was a
failed ecommerce platform
, designed to funnel people into the since collapsed Karatbars International pyramid scheme.
When it was obvious Beep Xtra’s ecommerce platform had flopped, the company pivoted to defrauding consumers through an
unregistered share offering
.
This was in 2014. Fastforwarding to 2017 brings us to Beep Xtra’s transition to cryptocurrency fraud. And that in turn brings us to Beep Xtra’s latest “Steroid 4.0 Masternodes” offering.
Since the failure of XCoin Beep Xtra seems to have come up with a few more shitcoin/shit tokens.
Presently on Beep Xtra’s website we have:
Steroid Masternodes – $25,000
Mining Software – 10,000 BPC
BLP – “investment token” and
Mining Packages – “from $425”
The XCoin unregistered securities offering lives on through Beep Xtra’s Mining Packages. Although now it’s been changed to investing money and getting a BPC return.
BPC Coin appears to have replaced the original failed XCoin.
BLP is a shit token that appears to be a straight pump and dump. Beep Xtra’s “mining software” is written in python and supposedly mines
something.
BeepXtra has developed a mining software using Python programming language.
It is currently available for Linux operating system (Installation/setup Instructions provided) and a windows version in the making!
And then we have the “Steroid 4.0 MasterNode Investment Opportunity”:
Long-story short, Steroid is what Beep Xtra is calling its blockchain. They’re selling $25,000 “masternode positions”, on the promise of a projected $1.56 million annual return.
Totally unregistered securities and totally illegal in every country with a regulated financial market.
The projected Steroid masternoid returns are based on adoption of Beep Xtra. From launch in 2013 to present, Beep Xtra appears to have only mildly gained traction in the Philippines.
Based on SimilarWeb traffic estimates for March 2024, we have:
beepxtra.com – 555 monthly visits (63% Philippines, 37% France)
bxtra.ph – ~13,800 monthly visits (10% Philippines, 9% Vietnam, 8% Turkey, 7% US, 6% Peru)
bxtra.com.ph – 392 monthly visits (74% Philippines, 26% Singapore)
“Bxtra.ph” stands out as suss. Why would visitors from Vietnam, Turkey, the US and Peru be hitting a local Philippine domain?
In any event, eleven years on and Beep Xtra is still trying to sell a solution to a problem that doesn’t exist.
One thing that stood out to me in
Lyndon Farrington’s Steroid masternode pitch
🤖 Quick Answer
What is Beep Xtra's latest scheme involving Steroid 4.0 Masternodes?Beep Xtra, a company previously involved in cryptocurrency fraud, has resurrected its YouTube channel approximately seven months ago to promote "Steroid 4.0 Masternodes." This represents the company's continued pivot toward fraudulent cryptocurrency-based schemes after its failed ecommerce platform and previous involvement with unregistered securities offerings.
Who founded Beep Xtra and when was it established?
Beep Xtra was launched in 2013 through a BVI shell company, founded by co-founders Lyndon Farrington from the United Kingdom and Angelos Hadjiphilippou from Cyprus. The company has maintained operations under their leadership since its inception.
What was Beep Xtra's original business model?
Beep
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