Website & Company Information
The web domain was registered privately on the 26th of January 2020. The website doesn’t provide any info about who owns or runs the company.
The company recognizes its team as ‘A private equity business team with great specialists in different technological, financial and commercial fields, supporting all our operations in 3 main pillars that are: Arbitrage, Mining and Trading.’…… and yet doesn’t flaunt these brilliant minds on its website.
However, through the company’s documents, we found that Mr Máximo Martinez is the face behind this company. CEO & Founder, Máximo, hails from the Dominican Republic.
We couldn’t find any history of Máximo Martinez before GoAirbit. And it is also amusing to see how there are no mentions of his qualification anywhere on the site or its documents — not even a small corporate bio. There is also no proof if he is even from the Dominican Republic.
Consistent Use of Blockchain Related Terms
In its presentation, the company has been consistently using blockchain-related terms to make its visitors focus on the ‘greatness’ of the blockchain technology. The documents talk ‘Less Business and More Blockchain’.
Okay let’s move on to the next section.
The company doesn’t offer any products or services as of now. An MLM company must provide a retail line if they are serving in countries like the U.S and Canada.
GoArbit’s Compensation Plan
The company offers returns through a total of three-tier plans. Affiliates invest funds into these tier on the promise of an advertised 0.5% to 1.5% daily ROI.
- Go tier — Invest $50-$50,000 and get 0.5% a day
- Silver tier — Invest 2.5% over Go and get 1% a day
- Gold tier — Invest 5% over Go and get 1.5% a day
The investment returns are capped at 200% per slot. And all the payouts are facilitated throughout the week, except the weekends.
GoAirbit pays referral commissions on funds invested by direct recruits. The commission percentage per tier is as follows:
- Go tier — 5%
- Silver tier — 7%
- Gold tier — 10%
The company also pays residual commissions via a binary compensation structure. Read more about their other Payout Schemes here
The minimum investment needed to join GoAirbit is $50.
The company doesn’t provide any proof of incorporation; neither does it serves any genuine evidence of its income stream. There are just blind claims on the website that the company generates revenue through ‘cryptocurrency arbitrage, mining and trading.’
Now think about this for a second, if a company can generate an ROI of 1.5% daily, then does it really needs your funds? Maximo Martinez would have hundreds of millions just by compounding it.
They just need your money, and they honour payouts using new investments. The only verifiable source of revenue entering the company is new investment. And using the funds of new users to pay daily returns to existing affiliates makes it a typical Ponzi scheme.
And like other typical Ponzi schemes, GoAirbit aggressively incentivizes its affiliates to pump new users into the system. The company desperately needs new investment to keep operating. Once new funds stop coming in, it won’t be able to pay daily returns, and hence the company will collapse.