Billion Money Review –  Ponzi Scheme –  MLM Scam

Website & Company Information

The web domain of the company was registered privately on the 24th of February 2020. The company runs on Ethereum based Blockchain Smart Contract system where the website is just an interface for the convenience of working with a smart contract.

As per the site, there are no administrators but only a creator of the Ethereum smart contract mentioned above. 

So it is an autonomous project:

At the time of writing this article, Alexa cites India (55.61%) as the top source of the traffic to Billion Money’s website. It is highly likely that the contract creator is operating from India.

Billion Money’s Products

The program has no products or services to offer, with affiliates only able to market Billion Money affiliate membership itself.

Billion Money’s Compensation Plan

The program basically operates on the gifting scheme based on PAX. All the payments made in PAX, the same is tracked in USD equivalents.

This gifting scheme constitutes two 2×10 matrices and all the gifting payments within the program are co-ordinated using the same matrices. 

Withing the 2×10 matrix, an affiliate is placed at the top of a matrix, with two positions directly under them. The first level of the matrix is formed by these two positions and the second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).

Levels 3 to 10 of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.

A gift of $10 is rewarded to an existing affiliate when a new affiliate signs up. 

They then receive gifting payments from affiliates directly and indirectly recruited into their matrix as follows:

  • level 1 — gift $10 — get $10 from 2 affiliates
  • 2 — gift $15 — get $15 from 4 affiliates
  • 3 — gift $30 — get $30 from 8 affiliates
  • 4 — gift $120— get $120 from 16 affiliates
  • 5 — gift $500 —get $500 from 32 affiliates

The 2nd matrix has increased gifting payment amounts, but operates in the same manner as the 1st matrix :

  • level 1 — gift $4700 — get $4700 from 2 affiliates
  • 2 — gift $5000 — get $5000 from 4 affiliates
  • 3 — gift $9000 — get $9000 from 8 affiliates
  • 4 — gift $18,000 — get $18,000 from 16 affiliates
  • 5 — gift $35,000— get $35,000 from 32 affiliates

Note: Gifting payments must be made on each matrix level prior to receiving gifting payments on that level.

According to the program’s compensation material a fee is charged with every gifting payment in ethereum. No specifics were given there. 

Joining Billion Money

The minimum investment required to join the company’s affiliate membership is $10 gifting payment paid in PAX. 

Full participation costs $72,375 plus undisclosed admin fees.

Conclusion

Like every other gifting scheme operating on the Ethereum blockchain, this program also markets itself as ‘the fastest, easiest and risk-free way to earn billion dollars every 180 days.’

If it’s on the ‘immutable’ blockchain, then that doesn’t mean it is a scam-proof program. 

The schemes are illegal in most countries. The basic structure constitutes a pyramid-like scheme where new affiliates sign up, gift money to an existing affiliate, which in turn qualifies them to receive gifting payments from subsequently recruited affiliates.

TBH… Only those running the scheme turn out to be profitable as they are the ones who invest on the top. 

Everything will collapse when the money runs dry because of slow recruitment. And the contract creators plus some early adopters will be long gone with your money.