BitTrain Review: BTRC Ponzi points investment scheme

BitTrain provides no verifiable information on their website about who owns or runs the business.

The company does provide a series of random names it claims are management, however there is nothing to support these people exist as represented.

For example, BitTrain’s co-founders are supposedly Allen Coko (CEO) and John Kin.

Allen Coko doesn’t exist outside of BitTrain. John Kin’s social media profiles were only recently set up in December 2018.

Kin’s Twitter profile hasn’t been used for anything other than BitTrain promotion.

The BitTrain website domain (“bittrain.info”) was privately registered on February 15th, 2019.

Despite BitTrain not existing up until a few months ago, the company claims it has been in business since at least May 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.

BitTrain Products

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

The BitTrain Compensation Plan

BitTrain affiliates invest in BitTrain Coin points (BTRC), on the promise of an advertised 8% weekly return.

In total there are eleven BTRC investment tiers available:

Starter Pack – $100 plus $5 subscription fee

Medium Trader – $250 plus $10 subscription fee

Active Trader – $500 plus $15 subscription fee

Advance Trader – $1000 plus $20 subscription fee

Pro Trader – $3000 plus $20 subscription fee

Tycoon Trader – $5000 plus $25 subscription fee

Elite Trader – $10,000 plus $25 subscription fee

Premium Trader – $25,000 plus $50 subscription fee

Combo Trader – $50,000 plus $100 subscription fee

Mega Combo Trader – $100,000 plus $100 subscription fee

Millenium Combo Trader – $250,000 plus $500 subscription fee

Note that the subscription fee period
is not
specified, however I believe it is monthly recurring.

The internal BTRC point value started at $1 back in January 2019.

As of May 5th, BitTrain’s anonymous admins are flogging BTRC points for $4 each.

Note that all BitTrain ROI and commission withdrawal requests attract a 10% fee.

Referral Commissions

BitTrain affiliates pays 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.

All BitTrain affiliates receive a 10% commission on level 1 of the unilevel team (personally recruited affiliates).

Referral commissions on levels two to twelve of the unilevel team are unlocked as follows:

invest $1000 to unlock 4% on level 2, 3% on level 3 and 2% on level 4

invest $5000 to unlock 1% on le

🤖 Quick Answer

Who are the founders of BitTrain according to their official claims?

When was the BitTrain domain registered?
The BitTrain website domain "bittrain.info" was privately registered on February 15th, 2019, despite the company claiming operational status since May 2018, creating a significant timeline inconsistency.

What information does BitTrain provide about company ownership?
BitTrain's website lacks verifiable information regarding actual ownership and management. The company lists random names without supporting documentation or evidence confirming these individuals' existence or legitimate roles.

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