BitClub Advantage (not to be confused with
BitClub Network
), provide no information on their website about who owns or runs the business.
The BitClub Advantage website domain (“bitclubadvantage.academy”) was privately registered on July 28th, 2017.
The BitClub Advantage confidentiality and NDA form states:
The Central Forum of the District of São Paulo, São Paulo, is hereby elected to resolve any conflicts arising from this agreement, to the exclusion of any other, no matter how privileged it may be or become.
São Paulo is a city in Brazil.
Further research reveals BitClub Advantage affiliates naming Alex Pereira Salles as CEO of the company.
Salles (right) is a Brazilian national and assumed to be residing in São Paulo.
There’s a distinct lack of information on Salles with respect to BitClub Advantage and the MLM industry in general.
I’m flagging this as suspicious in that Alex Pereira Salles might be a pseudonym.
Note that the individual in the photo above does appear to be connected BitClub Advantage. I was able to tie him to the company across various social media platforms through third-party sources.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
BitClub Advantage Products
BitClub Advantage has no retailable products or services, with affiliates only able to market BitClub Advantage affiliate membership itself.
BitClub Advantage affiliate membership provides access to a “Crypto-Coin Trader” digital course.
The BitClub Advantage Compensation Plan
BitClub Advantage affiliates invest funds on the promise of an advertised 300% ROI:
Partner – invest $25 and receive $6.16 a month
Basic – invest $50 and receive $12.32 a month
Bronze – invest $99 and receive $29.70 a month
Silver – invest $249 and receive $74.50 a month
Gold – invest $499 and receive $149 a month
Premium – invest $999 and receive $298.90 a month
Black – invest $1999 and receive $677.26 a month
Once a 300% ROI has been reached, a BitClub Advantage affiliate must reinvest within 48 hours to continue earning.
Note that BitClub Advantage charge a 10% fee on all withdrawal requests.
Recruitment Commissions
BitClub Advantage sets aside 15% of invested funds and uses it to pay recruitment commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
BitClub Advantage cap payable unilevel levels at eight, with commissions paid out as a percentage of the 15% amount set aside on each new investment within the unilevel team.
level 1 (personally rec
🤖 Quick Answer
What is BitClub Advantage and its connection to Brazil?BitClub Advantage is a cryptocurrency scheme operated from Brazil, specifically São Paulo, with domain registration dating July 2017. The company lacks transparency regarding ownership, with CEO Alex Pereira Salles identified as a Brazilian national. The business structure indicates potential fraudulent operations targeting African markets through affiliate networks.
Why is BitClub Advantage considered a Ponzi scheme?
BitClub Advantage exhibits characteristics of pyramid schemes through its affiliate-based recruitment model and lack of legitimate business operations. The absence of transparent ownership, vague operational details, and focus on recruitment rather than genuine cryptocurrency services indicate unsustainable income generation typical of Ponzi structures.
What jurisdictional elements define BitClub Advantage's legal framework?
The company's terms of service specify São Paulo's Central Forum as exclusive jurisdiction for dispute resolution, establishing Brazil as the primary legal jurisdiction
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