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

The BitQwik website domain (“bitqwik.net”) was privately registered on June 23rd, 2017.

Further research reveals a BitQwik marketing video featured on the BitQwik website is hosted on a YT channel bearing the name “opitimusX”:

This is one of the YT channel name variations used by Sherm Mason, who also goes by “OptimusX”.

Sherm Mason first popped up on BehindMLM’s radar as the admin of 
Magnetic Builder
.

Magnetic Builder was a $29.95 recruitment scheme launched in 2011.

In 2015 Mason (right), launched at least five dubious schemes:

Paradise Payments
 (February 2015) – a $2 to $1000 cash gifting scheme

Magnetic Gratitude
 (April 2015) – a $580 matrix-based Ponzi scheme

Summer Fun Matrix
 (July 2015) – a $22 three-tier Ponzi scheme and

3×9 Millionaire Machine
 (September 2015) – a $3 in, $435 million dollars out Ponzi scheme

Instant Pay Christmas
 (November 2015) – a $5 to $800 cash gifting scheme

In 2016 Mason doubled down on his efforts and launched 
Elite Pay Alliance
 (matrix-based cash gifting), 
5 Dolla Money Lines
 (pass-up chain-recruitment), 
Adstraordinary
 (matrix-based cash gifting) and 
Cash Rally GPS
(Ponzi cycler).

So far this year Mason has launched 
Easy Odds
, 
Just Got Bitcoin
, 
1 Big Bitcoin Team
 and
Stack My Bits
, all of which have collapsed.

Read on for a full review of the BitQwik MLM opportunity.

BitQwik Products

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

The BitQwik Compensation Plan

BitQwik affiliates gift bitcoin to each other via a 4×6 matrix.

A 4×6 matrix places an affiliate at the top of a matrix, with four positions directly under them:

These four positions form the first level of the matrix. The second level of the matrix is generated by splitting these four positions into another four positions each (16 positions).

Levels three to six of the matrix are generated in the same manner, with each new level housing four times as many positions as the previous level.

A BitQwik affiliate signs up and gifts $10 in bitcoin to an existing BitQwik affiliate. This payment in turn qualifies the affiliate to receive $10 from four subsequently recruited affiliates.

Additional gifting payments of $3 are required to unlock the remaining five levels of the 4×6 matrix as follows:

level 1 – gift $10 and receive $10 from four subsequently recruited affiliates

level 2 – gift $3 and receive $3 from sixteen affiliates

level 3 – gift another $3 and receive $3 from sixty-four affiliates

level 4 – gift another $3 and receive $3 from two hundred and fifty-six affiliates

level 5 – gift another $3 and receive $3 from one thousand and twenty-four affiliates

level 6 – gift another $3 and receive $3 from four thousand and ninety-six affiliates

Note that all payments within BitQwik (both paid and received) are made in bitcoin.

Joining BitQwik

BitQwik affi

🤖 Quick Answer

Who is behind BitQwik?
BitQwik is operated by Sherm Mason, also known as "OptimusX," whose identity was revealed through a YouTube channel hosting the company's marketing video. Mason has a documented history of launching multiple dubious schemes since 2011, including Magnetic Builder, Paradise Payments, and Magnetic Gratitude.

What is the BitQwik business model?
BitQwik operates as a 4×6 matrix gifting scheme. Participants purchase positions within a hierarchical matrix structure with the expectation of receiving returns from recruitment activities rather than legitimate product sales or services.

When was BitQwik registered?
The BitQwik website domain (bitqwik.net) was privately registered on June 23rd, 2017. The private registration obscures ownership details and operator information from public records and WHOIS databases.

**What

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