Bitcoiin provide no information on their website about who owns or runs the business.

The Bitcoiin website domain (“bitcoiin.com”) was initially registered back in August, 2015.

The domain appears to have been up for sale throughout 2017, until it was purchased by its current anonymous owners on or around January 8th, 2018.

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.

Bitcoiin Products

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

The Bitcoiin Compensation Plan

Bitcoiin affiliates purchase B2G points from the company’s anonymous owners.

B2G points are sold to Bitcoiin affiliates for $5 each.

Bitcoiin offer affiliates who invest a 12% annual ROI, provided they hold onto acquired B2G points.

Bitcoiin also state that once acquired, B2G can be used to participate in “unique investment opportunities through independent approved mining pool programs”.

Referral commissions on invested funds are paid out 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.

Bitcoiin cap payable unilevel levels as four, with referral commissions paid out as a percentage of funds invested across these four levels:

level 1 (personally recruited affiliates) – 15%

level 2 – 10%

level 3 – 5%

level 4 – 2.5%

Joining Bitcoiin

Bitcoiin affiliate membership is free, however free affiliates can only earn referral commissions.

Full participation in the Bitcoiin MLM opportunity requires a minimum $5 investment in B2G.

Conclusion

If you have missed the chance of jumping on board with the original bitcoin back in 2009, here is the opportunity where life does give the second chance!

From the name alone it’s obvious that Bitcoiin hope to peddle their B2G altcoin using bitcoin’s established brand awareness.

The inspiration of Bitcoiin 2Gen, is to make a superior or more advanced version of Original Bitcoin”

Bitcoiin 2Gen, will in fact address current issues that are slowing down the Bitcoin eco-system and the limited opportunity for the enthusiasts to be able to earn by mining either with 1 machine or 1000.

If this was a corporate launch, it wouldn’t be long before Bitcoiin would be hit with trademark infringement. Being cryptocurrency though, anything goes.

The primary problem with B2G is that, other than promising to be better than bitcoin, as an altcoin it brings nothing new to the table.

B2G is just another “me too” altcoin launch, same as the thousands of others who mar

🤖 Quick Answer

What is Bitcoiin and its business structure?
Bitcoiin is a multilevel marketing scheme operating through anonymous ownership, lacking transparent information about its operators. Founded in 2015, the domain was purchased anonymously in January 2018. The company sells B2G points to affiliates at $5 each without offering tangible retail products or services to customers.

What are the main concerns regarding Bitcoiin's legitimacy?
Bitcoiin presents several red flags characteristic of pyramid schemes: complete anonymity of ownership, absence of legitimate retail products, affiliate-only marketing structure, and reliance on recruitment rather than product sales. These factors indicate a potential pump-and-dump altcoin scheme designed primarily for enriching promoters.

How does the Bitcoiin compensation system operate?
Affiliates purchase B2G cryptocurrency points directly from the company at $5 per unit. The compensation model relies exclusively on recruiting new members

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