Bravad0’s “Bot Rewards Program” promises daily interest on invested BRV points, but investigation reveals a scheme reliant on new investments to pay existing members. The company’s website, registered privately on March 2nd, 2017, offers no details about its ownership or management.
The platform lacks any marketable products or services. Affiliates can only promote Bravad0 memberships. Participants invest in BRV points, purchased from the anonymous administrators for between 50 and 90 cents each. These points are then placed into the “Bot Rewards Program,” which allegedly generates daily returns.
Referral commissions are paid on funds invested by recruits down two levels. Personally recruited affiliates earn 7%, with a further 3% paid on the second level. These commissions are distributed in BRV points, not actual currency.
Joining Bravad0 is free, but free members only earn referral fees. Full engagement requires an investment in BRV points. The company website does not state a minimum investment threshold.
Bravad0 presents itself as a cryptocurrency lending scheme, though it avoids the term "lending." Affiliates buy BRV points and are promised daily returns through the “Bot Rewards Program.” The company claims these returns are generated by automated trading bots, including volatility and arbitrage bots that supposedly yield consistent profits.
A YouTube video on the site features "Jay from Bravad0," who demonstrates a JavaScript program he claims is an arbitrage bot. This program appears to scan pre-loaded exchanges for arbitrage opportunities, requiring users to manually create accounts, fund them, and execute trades. This demonstration has no apparent connection to Bravad0’s multi-level marketing structure or evidence of the company generating external revenue.
The sole verifiable source of incoming funds for Bravad0 is new investments from affiliates. Paying existing investors with money from new recruits is the defining characteristic of a Ponzi scheme. The absence of any retail activity or genuine market value generation for BRV points further solidifies this assessment. The recruitment commissions add a pyramid layer to the operation.
Like other lending ICO models, Bravad0’s revenue stream will likely dry up as affiliate recruitment slows. This cessation of new funds will prevent the company from meeting its daily ROI obligations, leading to its inevitable collapse.
The scheme's reliance on recruiting new members to pay returns to earlier participants is a red flag for potential fraud. Investors can report suspected fraud to the Securities and Exchange Commission at sec.gov.