Website & Company Information
The web domain of the company was privately registered on the 22nd of March 2020. The website doesn’t provide any information about who owns or runs the company. We couldn’t find any information about the team behind the company.
We also couldn’t find any information about the incorporation of the company. It is unclear where this website is being run from.
As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.
BitBox Social’s Products
The company sells advertising services on its site. These services constitute:
- Pro Display Ad — $50–5-day text box ad
- Pro Login Ad — $497–24 Hour Login Ad
- Premium Display Banners — price not disclosed
Since all the prices are quoted in USD, the company accepts payments only in Bitcoin.
BitBox Social’s Compensation Plan
The company pays commissions when retail customers and recruited affiliates purchase advertising.
The company charges 10% on earned commission. This balance can only be put towards advertising.
The affiliates of the company earn $10 for every $50 Pro Display Ad, purchased by a retail customer they refer or affiliate they recruit.
The company also pays commissions via a unilevel compensation structure. BitBox Social’s marketing material references “instant uni-level commissions”.
Specifics are not provided on the site.
Other Reward Systems
Some other reward systems include Work and Extra Bonuses.
The affiliates of the company earn $10 for viewing sixty ads for seven seconds each. These earnings are referred to as ‘Work Bonus’.
And when these work bonuses go unclaimed, then the same is distributed to other BitBox Social affiliates as “Extra Bonuses”.
Purchase of a $50 Pro Display Ad generates “loyalty credits”, through which a 120 day ROI can be earned.
Joining BitBox Social
Joining Bitboc social affiliates membership is tied to a fee of $99 paid in bitcoin.
It is a simple adcredit scheme which is being run through an MLM.
The affiliates are required to signup, pay a fee ($50), and then they are entitled to receive “loyalty credits”. These “loyalty credits” generate a return over 120 days, paid out of subsequently invested funds.
Apart from its MLM scheme, every service you see on the site is introduced to comply with compliance. The main motive of the company is to run an MLM scheme under the guise of an adcredit scheme. The $497 Pro Login Ad is laughable both in pricing and what you get.
The company is selling ’50 USD’ adcredit positions only to affiliate investors because of the attached 120 day ROI scheme.
Bitbox social is a typical Ponzi scheme, and below are the reasons stating why:
- The website does not provide any information about the owner or the team behind the company.
- The company also fails to disclose income opportunity on its website.
- Failure to disclose specifics of the loyalty credits scheme on any platform.
- No incorporation certificate or any registration certificate with any financial regulator.
- Use of Bitcoin as the only payment medium.