Bity.Professional fails to supply possession or govt data on its web site.
Bity.Professional’s web site area (“bity.professional”), was registered in Could 2022. The personal registration was final up to date on June nineteenth, 2023.
In an try to look official, Bity.Professional gives incorporation particulars for “Buty Restricted”.
Bity Restricted was integrated within the UK on March 14th, 2023.
An MLM firm working or claiming to function out of the UK is a pink flag.
UK incorporation is dust low cost and successfully unregulated. On high of that the FCA, the UK’s high monetary regulator, don’t actively regulate MLM associated securities fraud.
Because of this the UK is a well-liked jurisdiction for scammers seeking to incorporate, function and promote fraudulent corporations.
For the aim of MLM due-diligence, incorporation within the UK or registration with the FCA is meaningless.
As at all times, if an MLM firm just isn’t overtly upfront about who’s operating or owns it, suppose lengthy and exhausting about becoming a member of and/or handing over any cash.
Bity.Professional’s Merchandise
Bity.Professional has no retailable services or products.
Associates are solely in a position to market Bity.Professional affiliate membership itself.
Bity.Professional’s Compensation Plan
Bity.Professional associates make investments USD equivalents in cryptocurrency.
That is performed on the promise of marketed hourly returns:
- make investments $25 – $100,000 and obtain 1% an hour for 120 hours
- make investments $500 to $100,000 and obtain 2% an hour for 60 hours
Bity.Professional pays referral commissions on invested cryptocurrency down three ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 5%
- degree 2 – 2%
- degree 3 – 1%
Becoming a member of Bity.Professional
Bity.Professional affiliate membership is free.
Full participation within the connected earnings alternative requires a minimal $25 funding.
Bity.Professional solicits funding in varied cryptocurrencies.
Bity.Professional Conclusion
Bity.Professional is a straightforward Ponzi scheme hidden behind web3 crypto waffle.
Fueled by cryptocurrency, the web’s future might be revolutionized by Web3, selling equity and equality, whereas granting possession to its builders, creators, and customers.
We firmly consider in your basic entitlement to train management over your funds, knowledge, and identification.
We possess a visionary mindset, embracing calculated dangers and pursuing groundbreaking endeavors.
Unafraid to make troublesome choices that align with our enduring targets, we acknowledge that the seemingly insurmountable turns into achievable when determinedly pursued.
None of that nonsense has something to do with Bity.Professional’s enterprise mannequin.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This can starve Bity.Professional of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that once they collapse, nearly all of individuals lose cash.