As you can accurately infer from the title of this review, AirBit Club is more than just a deceptive Ponzi scheme that should be avoided. Further polluting and tarnishing the legitimacy of the cryptocurrency realm, AirBit Club has left a massive wake of victims throughout Russia and Colombia. While you begin to maneuver your way through our detailed review, you will accumulate the facts necessary to verify that BitBackOffice.com is an online destination that cannot be trusted.
About AirBit Club
AirBit Club is an expansive crypto related venture that is based upon an affiliate tier. Prospective applicants interested with this program are able to become affiliates through BitBackOffice.com and are able to enroll with 1 of the 3 memberships offered. According to their site, AirBit Club was founded with the mission of providing “cutting edge technology utilizing innovative tools to ensure that trading potential is maximized and that way increase bitcoin distributions to all affiliates.”
In lenience terms, the alleged goal of this operation is to provide investors with an opportunity to accrue more earnings in Bitcoin. Further revealed on the site would be a partial business model, where the only verifiable source of income disclosed would be by those who deposit into their platform to get started with one of their memberships.
As the site claims, “50% of bitcoins will be split among all club members and 50% will be used to increase the power of trading, also to solidify our business relationships with companies dedicated to the growth of technology to trade cryptocurrencies.” While some reference to the investment of deposited funds are hinted on the site, consumer feedback will reveal the contrary and go on to show that when confronted, AirBit Club refuses to provide transparent evidence in accordance to their statement.
AirBit Club Operational Model
AirBit Club offers affiliates unrewarding investment packages that will fail to accumulate a break even return unless the affiliate succeeds in drawing in new members. As previously disclosed, AirBit Club offers 3 membership packages that vary between $250 to $1,000. While the site displays USD as an accepted currency, it should be noted that only Bitcoin deposits are accepted through their platform.
Renewal Fees: 1 renewal fee
Minimum Deposit: $250 in BTC
Supported Volume: 200 level
Duration of Membership: 2 cycles of 75 business days
Renewal Fees: 2 renewal fees
Minimum Deposit: $500
Supported Volume: 400 level
Duration of Membership: 3 cycles of 75 business days
Renewal Fees: 3 renewal fees
Minimum Deposit: $1,000
Supported Volume: 900 level
Duration of Membership: 4 cycles of 75 business days
According to the AirBit Club compensation plan, affiliates can expect to receive a daily return ranging between 0.2% to 1.2% on their deposited funds. As many of you probably guessed, these daily returns aren’t near enough to achieve a break even with initial deposits which is why affiliates are highly encouraged to obtain new sources of traffic to earn commission. While AirBit Club claims to employ a “Matrix-based” commission tier, it is essentially a pyramid scheme when broken down.
The investment package an affiliate gets started with will dictate the number of levels supported through the AirBit Club commission tier. The executive plan supports up to 3 levels, corporate up to 7 levels while the pro package supports all 18 matrix levels. Affiliates should also be made aware that renewal fees are charged between each duration cycle, these renewal fees equate to a value of 35% of the cumulative ROI paid out during each cycle.
Affiliates are also offered the option to opt in a Retirement Plan that is featured through their platform. While not much information is disclosed regarding the Retirement Plan until you become an active member, it is known that an additional fee between $150 to $300 will be required. As with all pyramid schemes, we never advise any investor to enroll due to the unstable and growingly unsustainable operational model required for the model not to collapse.
Who is Behind BitBackoffice.com?
As with most untrustworthy Ponzi schemes, AirBit Club fails to provide any ownership information. Not only do they fail to disclose any identifiable or corporate entity but they are explicitly vague about their operational model. Furthermore, a WHOIS search will go on to show that BitBackOffice.com was privately registered which makes it impossible for us to track down their creators.
One outdated review that went on the record against AirBit Club had disclosed that Mr. Gutemberg and Renato Rodriquez were the co-founders behind this scheme. Whether or not these two entities are truly responsible for BitBackOffice.com we are uncertain due to the lack of information on their site now.
Question Marks and Red Flags
BitBackOffice.com is a nest egg of question marks and red flags. Taking half of the deposit value of new members and disbursing them to previously established members is a text-book example of a Ponzi scheme. Regarding the other 50% that is allegedly invested and used to smooth over connections with other technologic crypto companies we are quite uncertain, in fact, due to the lack of transparency we assume that the creators behind this site are keeping those deposits for themselves.
While the AirBit Club binary matrix compensation plan sounds great and all, it is the living and breathing embodiment of a pyramid scheme. In addition, there is no relevant information regarding the creators, operators or corporate entity responsible for BitBackOffice.com which makes this operation completely anonymous. All of these exhibited characteristics are definite red flags in the investment world.
Can BitBackOffice.com be Trusted?
Absolutely not. BitBackOffice.com fails to disclose any information of significance on their site. The creators behind this site make it as vague and misleading as possible in the hopes of deceiving prospective investors (affiliates) of out of their money. To learn more about the deceitful tactics employed by the AirBit Club scam, read some of the recent comments which can easily be found online by entering “airbit club reviews” or “bitbackoffice scam” in any search engine.
BitBackOffice.com has a SimilarWeb global rank of 24,929 with a rank of 4,551 in Russia. Over 37% of the sites traffic originates from users who reside within Russia while an additional 25% is comprised of traffic from Colombia. As of January 2017, over 20% of this sites traffic derives from referral based sources.
AirBit Club Review Conclusion
AirBit Club is a viral pyramid and Ponzi scheme hybrid. While recent community feedback indicates that the site is still paying affiliates, most consumer feedback suggests some form of financial discrepancy with BitBackOffice.com. Operating with total anonymity, we advise potential affiliates to avoid this investment scheme while it continues to grow unstable with their unsustainable pyramid scheme model.