Bitfinite provide no information on their website about who owns or runs the business.
The Bitfinite website domain (“bitfinite.co”) was privately registered on November 2nd, 2017.
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.
Bitfinite Products
Bitfinite has no retailable products or services, with affiliates only able to market Bitfinite affiliate membership itself.
The Bitfinite Compensation Plan
Bitfinite affiliates purchase pre-generated BFC points from the company’s anonymous owners.
BFC points are sold to Bitfinite affiliates for 75 cents to $1.15 each.
Once acquired, BFC points are “lent” back to Bitfinite on the promise of an advertised ROI of up to 45% a month:
invest $100 to $1000 and receive a daily variable ROI plus 0.1% bonus daily ROI for 240 days
invest $1010 to $5000 and receive a daily variable ROI plus 0.25% bonus daily ROI for 180 days
invest $5010 to $10,000 and receive a daily variable ROI plus 0.35% bonus daily ROI for 150 days
invest $10,010 to $50,000 and receive a daily variable ROI plus 0.40% bonus daily ROI for 120 days
invest $50,010 and receive a daily variable ROI plus 0.45% bonus daily ROI for 90 days
Bitfinite pay referral 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.
Bitfinite cap payable unilevel levels at six, with commissions paid out as a percentage of funds invested across these six levels as follows:
level 1 (personally recruited affiliates) – 3%
levels 2 to 4 – 1%
levels 5 and 6 – 0.5%
Joining Bitfinite
Bitfinite affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the Bitfinite MLM opportunity requires a minimum $100 investment.
Conclusion
Bitfinite claim to generate ROI revenue through AI BOT trading software”.
No evidence of such a bot existing or external ROI revenue being used to pay affiliates however is provided.
This leaves new investment as the only source of revenue entering Bitfinite. Using newly invested funds to pay existing investors a daily ROI makes Bitfinite a Ponzi scheme.
Lending ICO Ponzis like Bitfinite play out as follows:
Admins (who are typically anonymous) offload worthless pre-generated points in exchange for real money. In this case it’s BFC points.
The admins then use some of this money to pay promised ROIs for as long as new affiliates sign up.
Once affiliate recruitment dries up so does the ROI reserve.
When a predetermined threshold is reached, the anonymo
🤖 Quick Answer
What is Bitfinite and how does it operate?Bitfinite is a platform where affiliates purchase BFC points priced between 75 cents and $1.15 each, which are subsequently "lent" back to the company in exchange for promised returns up to 45% monthly. The business operates without disclosing ownership or management information.
What are the main concerns regarding Bitfinite's structure?
Bitfinite lacks retailable products or services, with affiliates only able to market membership itself. The privately registered domain, anonymous ownership, and promised high monthly returns are characteristic features commonly associated with Ponzi scheme structures.
What compensation mechanism does Bitfinite employ?
Bitfinite's compensation plan involves affiliates purchasing pre-generated BFC points from company owners and reinvesting them through lending arrangements offering advertised returns. This structure relies entirely on participant recruitment rather than legitimate product
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