What is the Bitlocity program all about?
The claim is that Bitlocity is the world’s first all-in-one decentralized technology, educational and rewards program.
If that sounds tecky, be careful and take it all with a grain of salt. Sometimes these companies are not as truthful as they should be. They are not going to tell you that the product is junk, right!
Let’s get started:
What is the program called Bitlocity?
According to their website, they are being marketed as the world’s first all-in-one decentralized technology, educational and rewards program.
But, unfortunately that statement is untrue.
I have seen other similar companies in my online search for products to study and grade.
But, it is a fairly new company having launched in December 2020.
The company’s main objective is to educate about blockchain technology.
Also, it’s also a platform to serve as a crowdfunding base.
Not sure what crowdfunding is, neither was I.
According to Wikipedia, “it’s a practice of funding a venture by raising small amounts of money from large numbers of people.”
The Bitlocity program is a gifting system using bitcoins rather than cash. You get a fee if you can recruit people and then pass the money on to the person that recruited you.
What are they selling? Nothing, no retail product or service is involved. The only tangible to offer its members is income opportunity, you can join by investing into this program.
Bitlocity is just another cash gifting model that is nothing but a pyramid scheme, which is just a scam.
Disclaimer: I am not a member or affiliate of this program.
This review consists of information available to everyone online. This is just my own opinion based on my research online.
Making money with Bitlocity
Here is how their program works:
Bitlocity memberships start at $25.00
Blue Diamond- $20,000
Crown Ambassador – $100,000
All payments are made in Bitcoin.
Bitlocity Compensation Plan
When members purchase these different tiers, they earn by recruiting other people.
Bronze and Silver Gifting
This phase is a straight line gifting. After you purchase a tier, a position is created in queue. 100% Bronze or Silver membership out by the next 2 members.
You keep the first $25.00 The second $25,00 is used to fund another member. A second payment creates a new position at the end of the queue.
Gold and Higher Levels
When you attain the gold or higher level, you have 3 spots under you to fill. The first 2 go to you and the 3rd one goes to the person that recruited you.
You have to pay a membership fee which starts at $25.00 up to $100,000 which is non refundable.
Now you can recruit others into the system in order to maintain your membership.
Gold and Higher Recruitment Payments
Bitlocity: Gold and all higher members are paid to recruiting members, minus a $10.00 admin fee.
Recruitment commissions are generated by fee payment made by member’s third and tenth recruits, which are used to pay the upline. Confused yet. I was!
Bitlocity Pros and Cons
First of all Bitlocity is not free to join. Plus, I can’t find any Pros about this program.
Recruiting is the only way to earn money. So, that makes it a Ponzi scheme.
And it is illegal in the United States and many other countries to operate a Ponzi scheme.
Your ability to earn any money is very slim.
Definitely a pyramid scheme to stay away from. Take my word for it, don’t get involved.
There isn’t any product involved, you are just recruiting others to part with their hard earned money (Bitcoins).
Because this program is illegal in the U. S. and many other countries, be cautious before you sign on the dotted line.
Looking to start a home based business, than look to affiliate marketing. No inventory to handle, no collecting payments, no handling returns.
Really, it’s the easiest way to get started with your own business without a lot of cash up front.
The rewards are great. Yes, there is a lot of work involved, but anything worth having is worth working for.
My #1 recommendation for earning money on line is WEALTHY AFFILIATE.
Have you heard of Wealthy Affiliate? It is the #1 Affiliate Training program available and you can join for free.
You can join for free to see if it is a good fit for you. Look over the training and see if it might be something that you would enjoy doing.
If you join WA, you will get all the training and help you will ever need. Especially with 2 million members, many willing to help you with and question or problem you might have. It’s a great community, all helping one another to succeed.
Hope to see you on the inside.
Thanks, Deanna. Please leave any comments below and I will get back to you as soon as possible.