Grossbyte operates in the cryptocurrency MLM niche.

The company states on its website that it is headed up by “Thomas Patrick”.

A cropped image of Patrick appears on the Grossbyte website. Patrick however has no digital footprint outside of the “about us” page on Grossbyte’s website.

Furthermore, it appears Patrick’s entire Grossbyte corporate bio is rewritten content stolen from other executives.

Given this, it’s highly likely that neither Thomas Patrick or any of the other executives listed on the Grossbyte website actually exist.

Grossbyte provides an incorporation number that corresponds with Grossbyte LTD in the UK.

UK incorporation is dirt cheap and for the most part unregulated. It is a favorite for scammers looking to incorporate dodgy companies.

Incorporation certificates for Grossbyte are also provided for Seychelles and Ras Al Khaimah, two additional dodgy jurisdictions.

Whoever is actually running Grossbyte has a poor command of English, as evidenced by numerous paragraphs like this on their website;

Online investment attraction is that the best way to build our business grow quicker.

At the time of publication Alexa estimates Nigeria (31%), Ghana (18%) and Tanzania (14%) are the largest source of traffic to the Grossbyte website.

It’s highly likely (but not certain) that whoever is actually running Grossbyte is based out of Africa itself.

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.

Grossbyte Products

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

The Grossbyte Compensation Plan

Grossbyte affiliates invest funds on the promise of an advertised ROI.

Standard – invest $30 to $999 and receive a 162% ROI after 90 days

Premium – invest $1000 to $24,999 and receive a 200% ROI after 100 days

Exclusive – invest $25,000 to $50,000 and receive a 242% ROI after 110 days

Referral Commissions

Grossbyte pays referral commissions on invested funds down two levels of recruitment (unilevel):

level 1 (personally recruited affiliates) – 8%

level 2 – 2%

Residual Commissions

Grossbyte pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

Residual commissions are paid based on funds invested by directly and indirectly recruited binary team affiliate

🤖 Quick Answer

What is Grossbyte and its operational model?
Grossbyte operates within the cryptocurrency multi-level marketing sector, presenting itself as a crypto mining investment platform. The company claims leadership under an individual named Thomas Patrick, though verification of this person's identity and background remains unconfirmed through independent sources.

What concerns exist regarding Grossbyte's corporate transparency?
Grossbyte's leadership information raises verification issues. The company's stated executives lack independent digital presence outside official channels. Additionally, biographical content attributed to management appears to derive from rewritten material sourced from other business executives, suggesting authenticity questions.

How is Grossbyte legally registered?
Grossbyte operates under incorporation as Grossbyte LTD in the United Kingdom. UK company registration involves minimal regulatory oversight and relatively inexpensive processes, characteristics historically associated with entities of questionable legitimacy.

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