November 14, 2020 – by Brian Priest Welcome to my BitBox Social Review. 🙂
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Hello everyone and welcome to my BitBox Social Review.
What is BitBox Social?
Well, I came across this company the other day
And at first, thought is was going to be another cryptocurrency MLM.
But much to my surprise, BitBox Social is
The newest ad credit MLM to come on the scene.
So I decided to dig deeper and see what the BitBox Social company is all about.
As a matter of fact, you may have had someone approach you
About their investment or business opportunity,
And you went looking for more information,
And ended up here to see if it is legit.
Here’s what we are going to do,
We are gonna go through the company, the products,
And the compensation plan
So you can make the right and informed decision.
So hang on tight, stay with me to the end, and pay close attention.
Here we go!!!
BitBox Social Review – (The Company)
At first glance at the BitBox Social company website, it looks really good.
However as soon as you start to do a little digging,
We begin to get a bigger picture.
The website bitboxsocial.com was privately registered on March 22, 2020
Bitboxsocial.net was registered the same day, but the site is inactive.
The website doesn’t have any information at all,
As to who owns or runs the company,
Nor was I able to find a company address of any sort.
This is always a red flag for me. I like to know who I am doing business with.
Also, they do not have any social media presence that I could find.
so let’s dig a little further and see what BitBox Social has to offer for products
BitBox Social Review – (The Products)
BitBox social is an advertising platform that sells advertising on their website
There are a few options as to the different packages you can buy:
- Pro Display Ad – $50 for a five-day text box ad
- Pro Login Ad – $497 for a 24 hour login ad
- Premium Display Banners – price not disclosed
The company only accepts bitcoin for payment,
However their prices are in USD.
BitBox Social Review – The Compensation Plan)
The company pays commissions when retail customers purchase advertising
As well as on recruiting new affiliates that purchase advertising.
However, the company does hold 10% on earned commission.
This portion of the commission can only be put towards advertising.
BitBox Review – Advertising Referral Commissions
BitBox Social pays residual commissions through a unilevel compensation plan.
A typical unilevel compensation plan would normally suggest
That this is multi-tier, as displayed in the diagram below,
However, they do not give any details about the actual size and commission rates.
And from what I was able to find on YouTube, all the affiliates have to go on is the website.
So there is really no information as of right now…
Work and Extra Bonuses
Affiliate you can earn $10 for viewing 60 ads for 7 seconds each.
This is called “Work Bonus”.
Any Unclaimed Work Bonuses are available to other BitBox Social affiliates as “Extra Bonuses”.
Loyalty Credits
The Purchase of a $50 Pro Display Ad produces “loyalty credits”
Which can earn you 120 day ROI.
BitBox Social Review – (The Cost to Join Up)
To become a BitBox Social affiliate you will invest $99 payable only in bitcoin.
Now that we’ve got that covered, here is the part that you’ve been waiting for.
So stay with me just a few minutes more. Here are….
My Final Thoughts in this BitBox Social review.
So is there a BitBox Social scam,
Or is this a legit solid investment?
Well, Let’s just look at the facts that we have…
First of all, we don’t know who owns or even
Who is running the business.
This is a big red flag for me right from the start.
I personally never get involved in anything
When the owner(s) are not open and transparent about themselves.
They do seem to have retail products or services which is good,
But then they are ruining it by having Loyalty Credits that produce the returns over 120 days.
This is another situation I don’t like to be in.
Another area to take a deeper look at is,
If more affiliates are buying than actual retail customers,
Then it’s still considered a pyramid scheme.
and if we think about it logically,
I would think it’s mostly affiliates that are buying advertising…
Also, they sell $50 ad credit positions and only to affiliate investors
Because there’s a 120 day ROI attached to it.
Because of that…
This would be considered another adcredit ponzi scheme.
The SEC has sued companies with this business model just so you know…
This means they need to be registered with a financial regulator which they are not…
And besides that, they don’t have any information on their compensation plan…
Why would any company do that?
As a matter of fact, once recruitment slows down, the company will go fold…
So knowing all of this I can not recommend this company at this point in time. Not the way it is…
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I hope you enjoyed my BitBox Social review, and if you have ANY questions please feel free to ask in the comments below and I will get back to you as soon as I can.
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Thanks again for being here, I really do appreciate it. 🙂
Sincerely,
Brian Priest.
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