BitSports operates in the cryptocurrency MLM niche.

The company operates from the website domain (“bitsports.ai”), privately registered on March 16th, 2023.

BitSports is headed up by Colombian national Hugo Rodriguez Salgado.

Both Rodriguez’s and Sarmiento’s BitSports corporate bios cite “experience in network marketing”. I wasn’t able to find anything MLM related on either.

Hugo Rodriguez appears to be a crypto bro who hasn’t achieved much of anything over the past decade. He’s been shilling dodgy sounding investment schemes for years.

Not sure if this is a language-barrier on my end or if Rodriguez and Sarmiento are fall guys. Supporting the latter are BitSports’ marketing videos being narrated by a robovoice dub.

What I do know is Colombia has emerged as a hotbed of MLM related crypto fraud over the past year.

Although it’s not linked from BitSports’ website, an “official” FaceBook page provides a BitSports corporate address in Lithuania.

This page was created two days after BitSports’ domain was registered but I’m not 100% sure it’s “official”.

BitSports also might have ties to Dubai.

BehindMLM’s guidelines for Dubai are:

If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.

If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to BitSports, read on for a full review.

BitSports’ Products

BitSports has no retailable products or services.

Affiliates are only able to market BitSports affiliate membership itself.

BitSports’ Compensation Plan

BitSports affiliates invest USD equivalents in cryptocurrency on the promise of advertised returns.

Elite – invest $10 to $999 and receive 0.7% to 1.2% a day

Pro – invest $1000 to $9999 and receive 1.3% to 1.8% a day

Max – invest $10,000 to $100,000 and receive 1.9% to 2.4% a day

BitSports pays out returns daily with the exception of Mondays.

BitSports caps returns at 300%, which includes MLM commissions. After this cap is reached, reinvestment is required to continue earning.

Note that BitSports affiliates are required to log in weekly and click a button. If they don’t do this, the ROI rate drops to 0.3% for the following week.

The MLM side of BitSports pays on recruitment of affiliate investors.

BitSports Affiliate Ranks

There are eight affiliate ranks within BitSports’ compensation plan.

Along with their respective qualification criteria, they are as follows:

Bronze – generate $10,000 in downline investment

Silver – generate $20,000 in downline investment

Gold – have one Bronze ranked affiliate on both sides of your binary team and generate $50,000 in downline investment volume

Sapphire – have one Silver ranked affiliate on both sides of your binary team and generate $150,000 in downline investment volume

Ruby – have one Gold ranked affiliate on both sides of your binary team and generate $300,000 in downline investment volume

Emerald – have one Sapph

🤖 Quick Answer

What is BitSports and its operational structure?
BitSports operates as a cryptocurrency-based multilevel marketing scheme through the domain bitsports.ai, registered in March 2023. The company is led by Colombian national Hugo Rodriguez Salgado and operates within the crypto MLM niche, employing network marketing strategies to recruit participants and promote cryptocurrency investment opportunities.

Who leads BitSports and what is their background?
BitSports is headed by Hugo Rodriguez Salgado, a Colombian national, alongside co-founder Sarmiento. Both claim experience in network marketing in their corporate biographies, though verifiable MLM background information remains limited. Rodriguez has been associated with cryptocurrency investment promotion activities.

What are the identified concerns regarding BitSports legitimacy?
Concerns include the company's classification as a cryptocurrency MLM scheme, use of robotic voice narration in marketing materials, privately registered domain information, and the

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