Banqiro fails to offer possession or government data on its web site.
Banqiro’s web site area (“banqiro.io”), was privately registered on Might ninth, 2023.
Formation of Banqiro started with Alex Reinhardt registering logos within the EU in January and February 2023.
Subsequent got here Banqiro GMBH, a German shell firm Reinhardt registered in March 2023. Fronting Banqiro GMBH is Jurgen Dieter Mischke.
Banqiro GMBH feeds into ALMA GmbH, one other German shell firm registered to Alex and his sister Maria Reinhardt.
Alex Reinhardt started MLM crypto Ponzi scamming as an investor in SwissCoin (circa 2015-2016).
When that collapsed he received into operating Ponzi scams himself, first with PlatinCoin in 2017.
PlatinCoin collapsed in late 2019. Reinhardt ultimately rebooted as PlatinWorld in mid 2021.
PlatinWorld noticed platincoin deserted in favor of PlatinCoin Ultima (PLCU).
The PLCU iteration of Reinhardt’s Ponzi scheme collapsed in late 2022. This prompted a reboot of the PLCU iteration in January 2023.
As PLCU started to instantly collapse, PLCUC was launched to maintain the rip-off going.
PLCUC collapsed inside just a few months. This marked the top of Reinhardt’s MLM crypto Ponzi scamming, till he resurfaced with Ultima just a few months in the past.
Ultima is the fifth reboot of the Ponzi scheme Reinhardt began with PlatinCoin. And alongside Ultima, we even have Banqiro.
Reinhardt registered Banqiro’s official Twitter profile as “BNQTech” in August 2023. In September, Reinhardt created Banqiro’s official Telegram and YouTube channels.
At present Banqiro is primarily being pitched to German-speakers as a presale of BNQ token. Banqiro’s web site suggests BNQ’s presale is scheduled for April 2024.
That stated, early buyers (Reinhardt’s inner-circle of scammers), are already in a position to promote Banqiro and BNQ by way of a “seed sale”.
Along with Alex Reinhardt, particular names we are able to additionally connect to Banqiro embody Shahab Ganji:
And Roshan Indran:
Shahab Ganji is a German serial promoter of MLM crypto Ponzi schemes:
Within the FaceBook submit above Ganji is selling Omnia Tech, a collapsed MLM crypto Ponzi.
Roshan Indran can also be a German serial promoter of MLM crypto Ponzi schemes. BehindMLM reader Melanie has tied Roshan to USI-Tech and Ponzi promoter Steven Wagner (OneCoin and EXW Pockets).
Whereas Ganji and Indran look like primarily based out of Germany, Alex Reinhardt, additionally believed to be a German nationwide, fled to Dubai in 2021.
Learn on for a full evaluate of Banqiro’s MLM alternative.
Banqiro’s Merchandise
Banqiro has no retailable services or products.
Associates are solely in a position to market Banqiro affiliate membership itself.
Banqiro’s Compensation Plan
Banqiro associates make investments tether (USDT) into BNQ token. That is accomplished on the promise of an annual 10% passive return.
The MLM aspect of Banqiro pays on recruitment of affiliate buyers.
Referral Commissions
Banqiro pays referral commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned immediately underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Banqiro caps payable unilevel group ranges at ten.
Referral commissions are paid as a proportion of USDT invested throughout these ten ranges as follows:
- stage 1 (personally recruited associates) – 10%
- stage 2 – 4%
- stage 3 – 3%
- ranges 4 and 5 – 2%
- ranges 6 to eight – 1%
- ranges 9 and 10 – 0.5%
Bonus Swimming pools
Banqiro takes 5% of company-wide funding and locations it into 5 smaller bonus swimming pools.
Together with their respective qualification standards, they’re as follows:
- Pool 1 (generate 100,000 USDT in downline funding quantity) – 1% pool
- Pool 2 (generate 250,000 USDT in downline funding quantity) – 1% pool
- Pool 3 (generate 500,000 USDT in downline funding quantity) – 1% pool
- Pool 4 (generate 1,000,000 USDT in downline funding quantity) – 1% pool
- Pool 5 (generate 5,000,000 USDT in downline funding quantity) – 1% pool
Notice that not more than 50% of required downline funding quantity can come from anyone unilevel group leg.
Becoming a member of Banqiro
Banqiro affiliate membership is 50 USDT.
Full participation within the hooked up earnings alternative requires further funding in BNQ tokens.
BNQ tokens are being offered to early Banqiro promoters for 13 cents to 26.5 cents every.
Banqiro Conclusion
Diverting from his “Ultima” branding, Banqiro comes off as a aspect hustle Ponzi of Alex Reinhardt’s.
There’s not a lot to Banqiro as a enterprise. BNQ is a BEP20 shitcoin. These may be arrange in a couple of minutes at little to no value.
And past that, Banqiro itself has nothing to distinguish itself from some other crypto providing.
Banqiro as a Ponzi scheme exists by way of the “staking” mannequin. Reinhardt is pitching “~10% a 12 months” on staked BNQ.
Hooked up to it is a unilevel compensation plan, incentivizing recruitment of BNQ buyers.
There’s no income getting into Banqiro aside from new funding. Stated funding funds withdrawals, with early buyers hoping to money out earlier than BNQ inevitably dumps (learn: Alex Reinhardt cashes out).
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Banqiro of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.