November 30, 2020 by Brian Preist. Welcome to my Bitcno Review. Is the Bitcno Company a legit MLM with huge ROIs? Or another crypto scam? Let’s find out!
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Hello everyone and welcome to my Bitcno Review. There has been quite a bit of talk lately about this new crypto investment MLM called the Bitcno company. So I decided to dig deeper and see what all the chatter is about.
As a matter of fact you may have heard about the Bitcno company, or been approached by someone about their investment or business opportunity. And you came here to see if it’s legit. So we are going to go through the company, the products, as well as the compensation plan. And then you will be able to make an informed decision about your future with the Bitcno company.
So stay with me until the end and pay close attention as we go through this Bitcno Review.
Bitcno Review – (The Company)
The first thing I noticed when I went to the Bitcno Company website is that they do not have any information as to who owns or runs the company. And in addition to that the only contact information that I could find was their firstname.lastname@example.org email address.
I also looked up the Bitcno company’s domain name, bitcno.com, registrar Information and discovered that it was privately registered on June 2, 2020 through namecheap.com. And below are the photo images of that complete information.
Other than the what we have listed above. There is no other information currently available about the Bitcno company. However they are asking people to invest with them without anyone knowing the first thing about who owns or runs the company that they are investing with. Interesting. Very interesting.
Well now that we know what we know here. Let’s move on and see what the Bitcno company has to offer as products in our Bitcno Review.
Bitcno Review – (The Products)
Ok. So the Bitcno Company doesn’t actually have any retail products or services for their affiliates to promote to retail customers. So really the only thing you can do become an affiliate and promote the Bitcno company affiliate membership. And once you become an affiliate you can also invest in the company.
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But let’s keep going anyway and look at what the Bitcno company offers its affiliates in their compensation plan inside of our Bitcno Review.
Bitcno Review – (The Compensation Plan)
After you become an affiliate of the Bitcno company you then have the the opportunity to invest in the company’s platform.
Bitcno affiliates invest into the company on a promise that they will get 200% returns on their investments.
The Bitcno Company tells their affiliates:
- Green – invest $25 and receive $50
- Orange – invest $50 and receive $100
- Black – invest $100 and receive $200
- Pink – invest $250 and receive $500
- Purple – invest $500 and receive $1000
- Red – invest $1000 and receive $2000
- Grey – invest $1500 and receive $3000
- Blue – invest $2000 and receive $4000
- Brown – invest $5000 and receive $10,000
- Silver – invest $10,000 and receive $20,000
- Gold – invest $25,000 and receive $50,000
It appears that the Bitcno company uses a 2×1 matrix structure to track investments and returns. And in addition to that it looks like the 2×1 matrix is used to see who gets paid what.
Once you purchase and activate your package, the Bitcno system assigns two members to pay you. For example, if you subscribe to the $5,000 package, the system will assign two people to pay you $5,000 each within 15 days! Pretty simple Right? Well that’s yet to be determined.
Positions in this 2×1 structure can be filled directly or indirectly by any member of the team. In addition to that there is a point at which affiliates are required to continue to make reinvestments to continue to earn. Because when there are are reinvestments, this creates a new matrix to fill and fills another affiliates existing 2×1 matrix.
So now that we have that covered. Let’s see what it costs to join the Bitcno company inside of our review.
Bitcno Review – (The Cost To Join)
The cost to join the Bitcno affiliate membership is free. However if you want to take advantage of the investment opportunity. You will have to make anywhere between a $25 to $25,000 investment. And that’s all the information that I could find available on the Bitcno Company.
And now comes the part you have been waiting for. So stay with for just a few minutes more and pay close attention. Because here are…
My Final Thoughts!
So is there some kind of scam going on behind the scenes at the Bitcno Company.
Well let’s look at the information that we have collected and see what the evidence tells us.
Bitcno promotes and specializes itself as a platform through which “smart investors” can get “trusted and genuine returns”. However they give absolutely no information about who owns or runs the company. In addition to that they don’t have any retail products or services for affiliates to promote.
But when you look at their FAQ section on their website. Their answer to the question:
Is Bitcno Legal? Is quoted;
“Bitcno is a multi-level interpersonal organization where individuals who will help each other deliberately, will join with their details.
Also, the registered members from Bitcno have a bound together monetary relationship, and this has demonstrated the motivation behind why Bitcno is not a subject of legitimate relations thus the Bitcno community can’t be illicit.
Giving cash by one member to another is not disallowed by either universal or nearby lawful frameworks.”
However, cash gifting and ponzi schemes are ILLEGAL all over the world and a ponzi scheme is exactly what this is!
Most everyone who invests money with Bitcno or companies like them will lose money for sure.
I can’t recommend this scam. save your money and invest in something real. And something proven.
I hope you have enjoyed my Bitcno review. And if you have any questions or comments, please feel free to leave them in the comments section below and I will get back to you as soon as I am able.
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