Binary Torrent provides no information on its website about who owns or runs the company.

The Binary Torrent website is a prelaunch placeholder, advising a company launch on or around August 27th.

Binary Torrent’s website domain (“binarytorrent.com”), was privately registered on January 4th, 2022.

BehindMLM
came across Binary Torrent last month
, via an agreement sent out by “Bo Jensen”.

Jensen’s email, sent out from a BinaryTorrent domain email address, pitched Binary Torrent as an eEcomelize “rescue package”.

eComelize
was a pyramid scheme launched by Jan-Eric Nyman in 2020.

Nyman’s MLM roots date back to the 
Unaico SiteTalk pyramid scheme
. Today he’s best known for being a former developer of the notorious OneCoin Ponzi scheme.

After eComelize collapsed, Nyman went on to front
Lucky Dozens
, an illegal lottery scheme launched in mid 2021.

Lucky Dozens collapsed on or around September 2021. Four months later Nyman registered Binary Torrent’s website domain.

Read on for a full review of Binary Torrent’s MLM opportunity.

Binary Torrent’s Products

Binary Torrent affiliates invest in Lapland Mineral Gold Tokens (LMGT).

White Package – invest €99 EUR and receive 16 LMGT

Green Package – invest €199 EUR and receive 50 LMGT

Blue Package – invest €499 EUR and receive 175 LMGT

Red Package – invest €1299 EUR and receive 500 LMGT

Purple Package – invest €2549 EUR and receive 1100 LMGT

Black Package – invest €5049 EUR and receive 2300 LMGT

To stay eligible to earn commissions, Binary Torrent affiliates must reinvest every four months.

Binary Torrent represents “one token is pegged to 0.1 gram gold”. Binary Torrent goes on to state “investors often consider gold one of the safest

investments”, implying investing in LMGT will generate passive returns.

The MLM side of Binary Torrents pays on recruitment of affiliate investors.

Withdrawal Restrictions

Binary Torrent restricts affiliate withdrawals by segmenting them into three categories:

cash wallet – can be withdrawn for actual money

trading wallet – mandatory reinvestment through Binary Torrent’s internal exchange

tokens – payment of withdrawals in LMGT tokens

How much or little Binary Torrent affiliates are able to withdraw without having to jump through hoops is based on the highest package tier they’ve investe at:

White Package tier affiliates receive 40% of withdrawals to the cash wallet, 30% to the trading wallet and 30% in LMGT tokens

Green Package tier affiliates receive 50% of withdrawals to the cash wallet, 25% to the trading wallet and 25% in LMGT tokens

Blue Package tier affiliates receive 60% of withdrawals to the cash wallet, 20% to the trading wallet and 20% in LMGT tokens

Red Package tier affiliates receive 70% of withdrawals to the cash wallet, 15% to the trading wallet and 15% in LMGT tokens

Purple Package tier affiliates receive 80% of withdrawals to the cash wallet, 10% to the trading wallet and 10% in LMGT tokens

Black Package tier affiliates receive

🤖 Quick Answer

What is Binary Torrent and its connection to previous MLM schemes?
Binary Torrent is a prelaunch platform with undisclosed ownership, launched around August 2022. It was promoted as an "eComelize rescue package" by Bo Jensen, connecting it to eComelize, a pyramid scheme operated by Jan-Eric Nyman, who previously worked on OneCoin and was involved in the Unaico SiteTalk scheme.

Why is Binary Torrent considered a potential Ponzi scheme?
Binary Torrent exhibits characteristics of fraudulent MLM operations: anonymous ownership, prelaunch marketing tactics, and direct association with individuals involved in documented pyramid schemes and Ponzi operations, including OneCoin's notorious collapse and previous failed ventures.

What red flags are present in Binary Torrent's business model?
The company provides no transparent information about ownership or management, uses a privately registered domain

🔗 Related Articles

- PayPal sued for facilitating Traffic Monsoon Ponzi fraud
- Corsair Group Review: Pillaging what’s left of Cloud Horizon
- Cloud Horizon Review: SiteTalk and Orientum scams combined
- OmegaPro a “fraudulent online trading platform” in Belgium
- Our Gas Club Review: Troy Mason still at it with gas pyramids