BitLocity Review – Legit Smart Contract Crypto MLM or Scam?

December 21, 2020 by Brian Priest Welcome to my BitLocity Review. Is it A legit Smart Contract MLM? Or just another crypto scam? Let’s find out what the BitLocity company is all about! And unlike a lot of all the other BitLocity Reviews out there. I am going to be straight with you. 🙂 🙂

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Hello everyone and welcome to my BitLocity review! Bitlocity is one of the latest cryptocurrency MLM companies to leverages smart contracts and the word is getting around. Xo I decided to dig in deeper and see what all the chatter is about.

As a matter of fact you may have been approached by someone about their products, services, or business opportunity. And you came here to see if it is legit. So we are going to go through the company, the products and the compensation plan. And then you be able to make an informed decision about your future with the BitLocity company.

So stay with me until the end and pay close attention as we go through this BitLocity Review.

Table of Contents

What Is BitLocity?

The BitLocity company is a cryptocurrency education platform with investment and return opportunities. As well as the opportunity to join the company as an affiliate and build your own team and increase your income abilities.

Here is How BitLocity says it on their website:

“The worlds first all-in-one decentralized technology, educational and rewards program – Designed to accelerate you to the speed of success!”

So let’s dig in and see what we can discover and find out if the BitLocity Company’s claims are true or not In out BitLocity Review.

Hey though before we start…

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Now let’s get started and see what we can dig up in our BitLocity Review.

BitLocity Review – (The Company)

At the time of this writing the BitLocity company is in in their prelaunch period and there is no information on their website as to who runs or owns the company. As a matter of fact there isn’t very much information at all. I mean no address or telephone number, not much information about the company, what they do, or how the do it. It all just introductory flash and flare at the moment.

However there are some contact support buttons at the bottom of the home page. As well as a chat link. But when you click on the chat bubble all you get is an auto response that says,

“We are sorry but we are currently not online. Please try us again later. Thank you.”

Now once again a lot of that could be due to the fact that they are currently in prelaunch.

In addition to that I decided to look up the BitLocity company’s domain information for “bitlocity.io” and found out it was privately registered on October 28th, 2020.

Now even though the BtiLocity company did register privately . They did use Domains by Proxy LLC in Arizona, USA when registering. And if I am correct Domain by proxy collects and protects registrants identities. Which is how you should do if you want to privately register.

So anyway now that we have that covered let’s see what the BitLocity Company offers as products inside our BitLocity review. And remember to check back for updates or subscribe to my newsletter in the big blue banner at the top of my sidebar.

BitLocity Review – (The Products)

There isn’t a lot of information on the BitLocity Company’s products or services at the moment. And once again that’s probably because of the prelaunch. Which by the way is one of the ways new MLM companies build curiosity and excitement. They give you just enough information to keep you on the edge of your seat and wanting more. And it works.

But as of right now they do have an “Online Video Training Platform” in which they teach the following cryptocurrency education modules:

What is the Blockchain
How will Blockchain technology change the world?
What is cryptocurrency and why is it here to stay?
What is crypto mining?
And, What is crypto trading?

And in addition to that they discuss about how the Bitlocity company has developed a peer to peer crowdfunding platform. Which is very similar to another cryptocurrency MLM I reviewed called Beurax.

So now let’s look into the BitLocity company;s compensation plan inside of our review.

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That was so awesome wasn’t it! Ok Now Let’s Keep Moving with our BitLocity company Review

BitLocity Review – (The Compensation Plan)

I went looking and found a short video of the BitLocity company Compensation Plan. However it is a company video so it will be biased. So remember to use for informational purposes only.

BitLocity company affiliates invest into the company by purchasing packes the give them positions that allow them to take advantage the the compensation plan. And each package has training and educational platform attached to it. However again they are on;ly releasing so much information to the public before they officially launch.

But here are the available levels and their respective investments. Notive the $100K as a Crown Ambassador. CHA CHING!!

Bronze – Invest $25
Silver – Invest $50
Gold – Invest $75
Platinum – $100
Pearl – $200
Amber – $500
Ruby – $750
Sapphire – $1,000
Emerald – $2,000
Diamond – $5,000
Double Diamond – $10,000
Blue Diamond – $20,000
Ambassador – $50,000
Crown Ambassador – $100,000

And there is a $25 yearly membership fee as well.

Global Infinity Line

Once you get started with the BitLocity company as an affiliate at the $25 or $50 Levels, you are able to earn an income in their Global Infinity Line. Which is where the entire company joins this line one after the other.

And You pass up your 3rd and 10th members that you sponsored.

And now your personally sponsored 3rd and 10th people gets passed up to you.

Matrix Compensation Plan – BitLocity Review

The Bitlocity company’s compensation plan leverages a 3×1 matrix structure that is tied to the ($75) GOLD rank positions and above. And each rank has it’s own 3×1 matrix. And once that matrix is full you cycle out and create another one.

In addition to that if you sponsor someone that invests in a higher rank then you. They get passed up to the next qualified member.

Another thing to note it that both the Infinity Line and Matrix compensation plan matrixes run together.

And for a person to be able to take full advantage of the BitLocity company matrix compensation plan. You will have to purchase every single package individually which bring the total investment in the BitLocity company to $189,700.

Oh yeah i almost forgot. All payments are made in bitcoin. Which at the moment doesn’t sound to shabby. Not when you consider the fact the Bitcoin is going through the roof. And all prediction point to higher still for a long time to come. I guess we will shall see.

So let’s see what it costs to join to join the BitLocity company Inside of our BitLocity review.

BitLocity Review – (The Cost To Join)

The get started as an affiliate with the BitLocity company there is a$25 annual membership fee. And you must gift a minimum of 425 to be able to take advantage of the company’s compensation plan.

And as I mentioned earlier to take advantage of the entire plan you will need to invest $189,700

Alright now comes the part you’ve been waiting for. So stay with me just a few more minutes and pay close attention.

Because here are…

My Final Thoughts

So is there some kind of scam going on behind the scenes at the BitLocity company. Well let’s look at the information we have collected and see what the evidence tells us.

Now the BitLocity company does seem like they have an interesting idea. However that doesn’t mean that all will be ok with financial regulators such as the SEC and FTC.

When I was watching the webinar it seemed like the gifting packages are tied to the products. And that is actually a big no no with Federal trade Commission. Because for a MLM company to be legal they must have more retail sales than recruitment sales. And if it doesn’t the FTC considers it a pyramid scheme.

In addition to that just as a reminder a legit crowdfunding doesn’t have a compensation plan attached to it. And regulators would consider the BitLocity company to be a gifting scheme due to it’s PEER-TO-PEER nature.

This is according to the law. And I am just want you to be mindful of the law so you know how they see it.

Anyway, the way it’s setup right now I personally can’t recommend it> People are being asked to invest money into a company with almost no information and we don’t even have an actual launch date either.

There are just way too many red flags right now. And I think we should hold off for now on this one and let’s see what happens. I will keep you updated as things unfold.

So for now…

Thanks for stopping by and I hope you enjoyed my BitLocity Review and if you have any questions or comments, please feel free to comments section below. And i will get back to as soon as I am able.

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