Website & Company Information
The web domain of the company was privately registered on the 23rd of March 2020. The ‘About Us’ page of the website has some big words about the company’s executives, but we couldn’t find any pictures or name there.
We also did not see any address on the site, but some independent reviewers on the internet claim that the website had an address listed, pointing to Brooklyn, New York. And, the same address was used by Bitearn LTD, a collapsed Ponzi scheme from 2018 run by anonymous admins.
Whoever owns the website has a ‘typo-gramania’ disorder and is not based out of any English speaking country.
Now before we move on to the next section, it is always important to remember that a company with zero transparency is asking you for your money. How are you going to trust them?
BitpaxOSGlobal has no retail products or services, with only an MLM plan that pushes its affiliates to market BitpaxOSGlobal’s affiliate membership.
BitpaxOSGlobal’s Compensation Plan
BitpaxOSGlobal markets its investment schemes in four different Plans. The following ROI is rewarded to the company’s affiliates on investment of funds:
- Plan 1 — invest a minimum of $100 and get an ROI of 104% after 24 hours
- Plan 2 — invest a minimum of $500 and get an ROI of 107% after 24 hours
- Plan 3 — invest a minimum of $1500 or more and get an ROI of 130% after 24 hours
- Plan 4 — invest a minimum of $5000 or more and get an ROI of 110% after 60 minutes
The company also pays referral commissions on funds invested down two levels of recruitment (unilevel):
- 10% on level 1 (direct recruits)
- 5% on level 2
The minimum investment required to join BitpaxOSGlobal’s affiliate membership is $100.
This crypto MLM operates under the bitcoin mining niche, and claims ‘The team of the Company’s financial specialists with strong command in bitcoin mining allows for effective analysis and financial situation.’
…….well, you can say that their mining operations are of the same standard as their English.
We couldn’t find any substantial evidence that proves if the company is vested in any mining operations. The only income going into the company is the new investment by new affiliates.
Now think about this for a moment, the company claims that it can generate 110% in just an hour. Then why would they need your pennies for? BitpaxOSGlobal fails the Ponzi logic test.
As always, if you look at our previous reviews, you would find numerous companies operating on the same business model. The Pyramid schemes come with expiry data — that can be as less as 10 days, and it can go up to 6 months if they are lucky. They will only honour withdrawals until new funds keep coming in. Once the recruiting process done by existing affiliates slows down, the system will collapse, and your money will be gone.