The website TopBiticoin.com, registered on March 17th, 2016, offers no clear information about its ownership or management. Traffic analysis indicates a significant portion of visitors originate from Italy (44%), Germany (40%), and Pakistan (15%), suggesting the operators may be based in one of these regions.
Top Biticoin lacks any retailable products or services. Affiliates are exclusively able to market membership into the Top Biticoin system itself. This structure points toward a business model heavily reliant on recruitment rather than the sale of tangible goods or legitimate services.
The compensation plan operates on a 2×1 matrix gifting system. An affiliate occupies the top position, with two slots directly beneath. These positions are filled by new and existing members who make gifting payments. Previously, this entry fee was 0.03 BTC, though current figures are not explicitly stated.
Upon joining, an affiliate gifts a specified amount of bitcoin to their recruiter. This action qualifies them to receive bitcoin gifts from two other affiliates within their matrix. Once both under-positions are filled, a new gifting payment is required to enter another matrix.
The platform initially presented itself as a "donation platform peer-to-peer software 100%." However, further down on the same page, the facade drops, revealing the true marketing approach: "Get double any amount of money you choose to invest in this investment platform within 48 hours." This "doubling" is achieved through the two matrix positions, where an affiliate pays an amount A and receives 2*A.
Like all cash gifting schemes, Top Biticoin's revenue stream is entirely dependent on the continuous recruitment of new affiliates. When recruitment inevitably slows, payments cease, leading to the collapse of the scheme and financial losses for the majority of participants. The lack of transparency regarding the gifting amount further obscures the operational mechanics.