BullTrades fails to supply possession or govt info on its web site.
BullTrades’ web site area (“bulltrades.ai”), was privately registered on August 18th, 2023.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
BullTrades’ Merchandise
BullTrades has no retailable services or products.
Associates are solely in a position to market BullTrades affiliate membership itself.
BullTrades’ Compensation Plan
BullTrades associates make investments USD equivalents in cryptocurrency.
That is accomplished on the promise of marketed returns:
- Bull Normal – make investments $350 to $2550 and obtain 1.6% every weekday for 90 days
- Bull Premium – make investments $2550 to $9500 and obtain 2.4% every weekday for 90 days
- Bull Professional – make investments $9500 or extra and obtain 3% every weekday for 90 days
- Bull Compound – make investments $1000 or extra and obtain 1.6% every weekday for 180 days (no withdrawals until after 180 days)
BullTrades pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned straight beneath 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.
BullTrades caps payable unilevel group ranges at six.
Referral commissions are paid as a proportion of cryptocurrency invested throughout these six ranges as follows:
- stage 1 (personally recruited associates) – 6%
- stage 2 – 4%
- stage 3 – 3%
- stage 4 – 2%
- stage 5 – 1%
- stage 6 – 0.7%
Becoming a member of BullTrades
BullTrades affiliate membership is free.
Full participation within the hooked up earnings alternative requires a minimal $350 funding.
BullTrades solicits funding in numerous cryptocurrencies.
BullTrades Conclusion
BullTrades represents it generates exterior income through an AI buying and selling bot:
At Bull***** [sic], we’ve harnessed the ability of Synthetic Intelligence (AI) to redefine the way in which foreign currency trading is approached and executed.
No verifiable proof of BullTrades having an AI buying and selling bot or paying withdrawals with buying and selling income is supplied.
Moreover, BullTrades’ enterprise mannequin fails the Ponzi logic check.
If BullTrades already has an AI buying and selling bot producing 3% a day on a constant foundation, what do they want your cash for?
Because it stands, the one verifiable income getting into BullTrades is new funding.
Utilizing new funding to pay affiliate withdrawals would make BullTrades a Ponzi scheme.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve BullTrades of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of contributors lose cash.