Bitcoin Penny Auction identify Ton van Houten as founder and CEO of the company.

This matches up with the Bitcoin Penny Auction website domain (“bitcoinpennyauction.com”) registration, which lists van Houten as the owner.

Van Houten is based out of Gouda in the Netherlands. As per his Bitcoin Penny Auction corporate bio;

Through the years he has developed himself into a specialist regarding Internet and has followed several courses, which led to his extensive online experience.

In the past Ton has held several positions, among as a director for a Dutch based search engine.

Possibly due to language barriers, I was unable to put together an MLM history on van Houten.

Read on for a full review of the Bitcoin Penny Auction MLM opportunity.

Bitcoin Penny Auction Products

Bitcoin Penny Auction has no retailable products or services, with affiliates only able to market Bitcoin Penny Auction itself.

Once signed up, Bitcoin Penny Auction affiliates are given access to a penny auction platform.

The Bitcoin Penny Auction Compensation Plan

The Bitcoin Penny Auction compensation plan pays affiliates when recruited affiliates purchase auction bid packs.

Start Pack – $5.50 (10 bids)

Small Pack – $11 (21 bids)

Basic Pack – $26.95 (53 bids)

Bronze Pack – $66.69 (131 bids)

Silver Pack – $132 (263 bids)

Gold Pack – $261.25 (525 bids)

Platinum Pack – $508.75 (1050 bids)

Diamond Pack – $1237.50 (2625 bids)

Commissions on bid pack purchases 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.

Base rate commissions are capped at four unilevel levels as follows:

level 1 (personally recruited affiliates) – 2%

level 2 – 1.5%

level 3 – 1%

level 4 – 0.5%

A Bitcoin Penny Auction affiliate can increase their level 1 commission rate by spending more money on bid packs:

Bronze Pack ($66.69) – 3%

Silver Pack ($132) – 4%

Gold Pack ($261.25) – 5%

Platinum Pack ($508.75) – 7.5%

Diamond Pack ($1237.50) – 10%

Joining Bitcoin Penny Auction

Bitcoin Penny Auction affiliate membership is free.

Note however that the purchase of bid packs however do increase the base commission rate offered.

This ranges from $66.69 (3%) to $1237.50 (10%).

Conclusion

The problem with Bitcoin Penny Auction is that the company markets bitcoin itself as a product.

It’s never done well before, combining a product, the Bitcoin, with a Penny Auction and unique guarantees.

Bitcoin is a currency and can’t be used as a product in MLM, any more so than you could trade the dollar or Euro.

Legal trading of currencies has to be done in a regulated environm

🤖 Quick Answer

What is Bitcoin Penny Auction and who founded it?
Bitcoin Penny Auction is a trading platform identified with founder and CEO Ton van Houten, based in Gouda, Netherlands. The company operates through the domain bitcoinpennyauction.com, with van Houten listed as the owner. He specializes in internet commerce and has held previous director positions at Dutch-based search engines.

What is Ton van Houten's professional background?
Ton van Houten has developed expertise in internet commerce through extensive coursework and professional experience. His career includes directorial roles at Dutch-based search engine companies. His background demonstrates specialization in online business operations and digital commerce sectors.

How is Bitcoin Penny Auction structured as a business model?
Bitcoin Penny Auction operates as an MLM opportunity offering penny auction trading services. The platform functions through its registered domain and corporate structure managed by founder van

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