No information is supplied on BitLocity’s website about who owns or runs the company.
BitLocity’s web domain (“bitlocity.io”) was privately registered on October 28th, 2020.
The US (42%), Jersey (11%) and South Africa (6%) comprise the top three sources of traffic to Bitlocity’s website according to Alexa.
There is a video titled “Team Update November 24, 2020” on the official BitLocity Vimeo channel linked from their website.
In this vid, Mark Hamlin discusses “our involvement” in Qtrex. Qtrex was a bitcoin Ponzi pyramid hybrid launched a few months before.
Hamlin’s statements in this video suggest that Qtrex has folded (“Qtrex is over”). Bitlocity looks to be Hamlin’s next project: he started hosting corporate BitLocity webinars:
BitLocity is said to be a “better mouse trap” than Qtrex according to Hamlin.
“Today we’re gonna introduce you, we’re gonna give you just a taste of what we have created as a leadership team.
If you need to get something done right, you need to do it yourself. So that’s exactly what we’ve done ladies and gentlemen.
We’re very excited to introduce to you our new project ladies and gentlemen, that we have developed.”
Next comes a pitch for BitLocity’s “founders club” which Hamlin refers to in the possessive.
Forsage and WeShare Crowdfunding are some of the other shady schemes Hamlin has been involved in along with Qtrex…
Hamlin looks like he’s up to his eyeballs in crypto investment fraud as can be seen from his social media posts:
I didn’t have the stamina to sit through each mind numbing video uploaded to BitLocity’s Vimeo channel. Hamlin did not disclose who he is working with in any of the videos I did look over.
Hamlin presents us with another speaker who he refers to as “Brian” in some of the videos.
Once Again, think long and hard about joining and/or handing over any money to any organisation if they are not open and straight forwards about who is running or who owns it.
- BitLocity’s Products
No retailable physical products or services are supplied by BitLocity, in fact only BitLocity’s affiliate membership itself can be marketed by its affiliates.
- BitLocity’s Compensation Plan
Membership tiers are bought by BitLocity’s affiliates in BTC (prices quoted in USD).
- Bronze – $25
- Silver – $50
- Gold – $75
- Platinum – $100
- Pearl – $200
- Amber – $500
- Ruby – $750
- Sapphire – $1000
- Emerald – $2000
- Diamond – $5000
- Double Diamond – $10,000
- Blue Diamond – $20,000
- Ambassador – $50,000
- Crown Ambassador – $100,000
Commissions are paid out when other affiliates, directly or indirectly recruited, do the same.
- Gifting Silver and Bronze
BitLocity’s Bronze and Silver tiers function as two straight-line payment cycler queues.
A position in the corresponding queue is created once either Bronze or Silver tiers are purchased. The next two recruited affiliates are gifted, paying 100% of the Bronze or Silver membership fees
- the 1st $25 gifted is kept
- the 2nd $25 gifted is utilised to fund a gifting pay out to another BitLocity affiliate, a new position is generated at the end of the queue by this second payment.
- Recruitment Payments with Gold and higher
Recruiting affiliates are paid Gold and higher BitLocity membership tier recruitment commissions.
Half of each Gold and higher membership fees paid out (Minus a $10 admin fee) are used to fund a direct recruitment commission.
The two exceptions to direct recruitment commissions paid out are as follows
When fee payments made by an affiliate’s third and tenth recruit generate recruitment commissions, they are passed upline (the affiliate who recruited the recruiting affiliate).
Subsequently, when fee payments made by the third and tenth personally recruited affiliates generate recruitment commissions, they pass up to you.
- Gold and Higher 3×1 Cycler Commissions
BitLocity utilises the other half of Gold and higher affiliate membership fees paid out (Minus a $10 admin fee) to fund a 3×1 matrix pyramid cycler.
A 3×1 matrix posits a BitLocity affiliate at the head of a matrix, with three positions to
As recruited affiliates buy BitLocity affiliate membership tiers, these positions are filled.
The affiliate at the top of the matrix receives a cycle commission generated by the first two filled positions
The upline affiliate (the affiliate who recruited the affiliate cycling out of the matrix) receives a commission generated by the third position, they also create a new matrix cycler position for the affiliate at the head of the matrix.
Basically an affiliate cycling out of a matrix is put into the matrix of whoever recruited them. As long as BitLocity affiliates keep buying affiliate membership tiers, this process is repeated.
It should be noted that each of the BitLocity affiliate membership tiers operate as their own cycler tier ( Total of12 tiers ).
- Pool for Top Recruiters
BitLocity’s ‘Top Recruiter Pool’ is comprised of the funds it takes from its admin fee ($5 out of every $10 goes into the pool.
The total funds accumulated in Top Recruiter Pool balance are shared amongst company’s ten highest recruiting affiliates at the end of every month.
- BitLocity’s top recruiter of the month is paid 20%
- the 2nd and 3rd top recruiters of the month are paid 15%
- the 4th to 6th top recruiters of the month are paid 10%
- the 5th to the 10th top recruiters of the month are paid 5%
- BitLocity Membership
BitLocity’s minimum investment for affiliate membership begins at $25 (or Bronze)
It costs $189,000 for an affiliate to fully participate in BitLocity’s MLM scheme
All payments within BitLocity are paid in Bitcoin, despite being quoted in USD…
BitLocity employs the same tried and tested investment scam models that have been utilised to trick people for decades.
BitLocity amalgamates pyramid recruitment with money gifting and in order to evade regulators, BitLocity makes their transfers in Bitcoin.
Be it in the US or anywhere else in the world, BitLocity’s model is completely illegal.
BitLocity presently being mainly promoted in the US is consistent with the fact that Mark Hamlin is from Richmond, Virginia
Doubtless, these findings will be twisted by scammers across the globe with their dodgy marketing and lies, South Africa being a case in point…as for the minute Isle of Jersey, God only knows what’s happening there.
Like all pyramid gifting MLM Frankenstein combos
This Ponzi scheme will inevitably flop: affiliate recruitment will fade out, funds will dry up and the gift payments and recruitment commissions will evaporate.
Almost all BitLocity affiliates will lose their money and the sharks will swim towards warmer waters…don’t be the little guppy that gets swallowed up!