Website & Company Information

The domain was privately registered on the 10th of January 2020. The website doesn’t provide any information about who owns the company or who has deployed the smart contract of this Ethereum cycler scheme. 

At the time of writing this article, the top traffic sources to the website remain Nigeria, Russia and Cote d’Ivoire. 

However, for us, these are the two red flags:

1. No information on the website about the people running this. 
2. The domain was registered privately. 

Any Products offered by the Company?

When a scheme like this doesn’t have any products or services to offer, but only its affiliate system — it simply means that this is another Ponzi scheme. 

It is required for an MLM company to provide a retail option when operating in countries like the U.S and Canada. 

BullRun’s Compensation Plan

These affiliates are required to buy matrix cycler positions for 0.1 ETH.

Matrix sizes used by BullRun include 2×1 and 3×1. For 2×1 matrix, it will take 2 people to fill the positions and for 3×1 matrix, it will take 3 people to fill the positions. 

What next??

Once you fill this matrix, you will have two choices:

1. Either take the profit
2. Or invest the money back to the next cycle. 

You get the idea right? The more cycler you invest, the bigger is your profit. This system is made to lure people to keep re-investing and keep their numbers up. BullRun has 10 matrix cyclers. 

Commission payments across all the 10 matrix cycler tiers are as follows:

• Matrix 1 (2×1 matrix, positions cost 0.1 ETH) — You will earn zero commissions if you decide to cycle into 2nd Matrix. Or keep 0.2 ETH
• Matrix 2(3×1 matrix, positions cost 0.2 ETH) — You will earn 0.1 ETH commission if you decide to cycle into 2nd Matrix. Or keep 0.6 ETH
• Matrix 3(3×1 matrix, positions cost 0.5 ETH) — You will earn 0.5 ETH commission if you decide to cycle into 2nd Matrix. Or keep 1.5 ETH
• Matrix 4(3×1 matrix, positions cost 1 ETH) — You will earn 1 ETH commission if you decide to cycle into 2nd Matrix. Or keep 3 ETH
• Matrix 5(3×1 matrix, positions cost 2 ETH) — You will earn 1 ETH commission if you decide to cycle into 2nd Matrix. Or keep 6 ETH
• Matrix 6(3×1 matrix, positions cost 5 ETH) — You will earn 5 ETH commission if you decide to cycle into 2nd Matrix. Or keep 15 ETH
• Matrix 7(3×1 matrix, positions cost 10 ETH) — You will earn 10 ETH commission if you decide to cycle into 2nd Matrix. Or keep 30 ETH
• Matrix 8 (3×1 matrix, positions cost 20 ETH) — You will earn 10 ETH commission if you decide to cycle into 2nd Matrix. Or keep 60 ETH
• Matrix 9(3×1 matrix, positions cost 50 ETH) — You will earn 50 ETH commission if you decide to cycle into 2nd Matrix. Or keep 150 ETH
• Matrix 9(3×1 matrix, positions cost 100 ETH) — You will earn 300 ETH when you cycle through this matrix.

Referral Commissions

The company pays referral commissions via a unilevel compensation structure which is capped to 100 levels. Following are the referral commissions

• level 1 (direct affiliates) — 0.01 ETH
• level 2–0.005 ETH
• level 3–0.00025 ETH
• levels 4 to 100–0.0025 ETH

Conclusion

The minimum investment to join the opportunity is a 0.1 ETH cycler position. The company advertises itself as the fastest way of making 300+ ETH and claims that this is scam proof. 

We say it doesn’t matter if you are using a code on the website or a smart contract. If you are paying new users from the new investments then that means you are running a PONZI scheme. 

As we said above the website was launched in January, the first cycle already collapsed in March and they had to launch the scheme 2nd time. What happened to those investor’s funds who participated when they launched the 1st round?

In any matric cycler, it is the owners and admins who make the real money by getting in early. They sit on the top of the pool accruing commissions from thousands of downlines. 

And when the scheme collapses, top admins get their money plus the 1000x ROI and the rest of the people lose their money.