Welcome to My Bit Rush Review!
Another business opportunity has popped up on my radar…
And I’m here to share with you the info you came here to find…
Someone I know requested that I do this review, so I decided to investigate what it was all about…before anyone got burnt!
First of all, congratulations for actually doing your research too!
So many people just jump in without doing their due diligence beforehand, and then go on to lose out.
And when a real opportunity comes around, they are too scared from their previous failed endeavour to try again…
So, let’s not make those mistakes again!
In this review on My Bit Rush, I am going to share the best and most recent information I have to tell you about the company, their products and compensation plan used, so you can make the right decision of whether to join or not.
Let’s find out if this business is legit or a scam!
My Bit Rush Review – The Company
According to the My Bit Rush website, they are a company that is into cryptocurrency trading and mining with “token and ICO acquisitions” made to increase your wealth …
So, I was able to find out that the My Bit Rush website domain was registered privately as “mybitrush.com” on the 14th of July in 2017.
When you visit the company website, you won’t be able to find any info available on the administrators of the business, which means there is nothing on the owners or the operators.
However, I was able to find through the domain registration of the company that Andres De la Parra of Bit Rush LTD International is named as the owner, and he had an address listed located in Madrid, Spain.
There wasn’t much info on De la Parra that linked him to the company, outside of the domain registration, so this is something to keep in mind when you complete your research on this company.
My Bit Rush Reviews – The Products
My Bit Rush doesn’t have any products or services for affiliates to sell or purchase.
But anyone wanting to sign up as an affiliate with My Bit Rush can market the company affiliate membership.
My Bit Rush Compensation Plan
Affiliates looking to take part in the company compensation plan are required to sign up and invest into the company.
Company affiliates are to invest capital (funds) with the agreement of promoted rates from 0.5% to 1.5% for offered ROI:
- Invest $100 and receive an eventual 150% ROI
- Invest $250, $500, $1000, $3000, $5000 or $10,000 and receive an eventual 200% ROI
For funds invested by personally sponsored affiliates, a 20% referral commission rate is paid out by the company.
Residual Commissions (Binary)
The binary compensation model used for residual commissions puts an affiliate at the top of a binary team, where the next level is divided into 2 sides (left/right).
The 1st level of a binary team will hold two positions and the 2nd level of the binary team is made by dividing the first two positions into a further two positions each, creating 4 positions in total on level 2.
Any future levels of the binary team are made as needed, and each new level will hold two times as many positions as the level before it.
The binary team positions are filled through direct and indirect sponsorship of new affiliates.
NOTE: The company does not limit the growth of how deep a binary team may grow to.
At the end of each day, My Bit Rush adds up new investment volume on both the left and right of the binary team.
Those affiliates that made investments of up to $3000 will be paid 10% matched volume, where the unmatched volume on the stronger side of the binary team will be carried over.
The company affiliates that made investments of $5000 will receive a 12% binary commission rate and for those affiliates whom invested $10,000, they will receive a 14% binary commission rate.
Residual Commissions (Matrix)
Dependent on the amount an affiliate has invested, he or she will get a 2×3 to 2×12 matrix to earn through.
The 2×3 matrix will put an affiliate at the top of a matrix, with 2 positions placed directly beneath them.
These 2 positions will form the first level of the matrix for residual commissions, and the second level will hold 4 positions by dividing the 2 positions from the first level.
A third level in the matrix is created through the same process and will hold 8 positions in the matrix.
The 2×4 matrix will make the addition of another level to the matrix where it will hold 16 positions in the matrix, and then the 2×5 matrix will another level holding 32 positions in the matrix; and each matrix will continue to add new levels through this process.
- Invest $250 and receive a 2×3 matrix
- Invest $500 and receive a 2×5 matrix
- Invest $1000 and receive a 2×8 matrix
- Invest $3000 and receive a 2×10 matrix
- Invest $5000 and receive a 2×12 matrix
- Invest $10,000 and receive a 2×15 matrix
Affiliates will earn and be paid 1% residual commissions on the funds invested by the affiliates put into their matrix.
A Daily Matrix works the same way as the residual matrix, but it’s believed to be able to achieve an ongoing daily payment for company affiliates.
- Affiliates who invest $250 to $3000 receive a 2×10 daily matrix
- Affiliates who invest $5000 receive a 2×12 daily matrix
- Affiliates who invest $10,000 receive a 2×15 daily matrix
The daily commission rate paid on the money invested by affiliates put in the Daily matrix is earned at a rate of 0.015%.
Cost To Join My Bit Rush
The cost to join My Bit Rush as an affiliate will be $25 for the membership, plus a mandatory investment anywhere from $100 to $10, 000.
The bigger the investment made by the affiliate, the higher their earning potential will be through the company’s compensation plan offered.
Verdict on My Bit Rush
Okay readers, we’ve made it to the end and we’ve got just one thing left to discuss: Is this company 100% legit or not…
In my opinion, after doing all my research, I would have to say this company is not 100% legit.
The company says they are making ROI money through several avenues: cryptocurrency trading, cryptocurrency mining and “token and ICO acquisitions,” but they haven’t really given any details on what they are really doing…in other words, they haven’t proven it!
There is no proof of this company’s activity in trades or mining…
The company is offering a 1.5% ROI on your investment and if that was truly something they could make on a regular basis for years and years, or even one year, they would have a money-making jackpot company here folks.
But if they really could make you about 547% in ROI in one year, why wouldn’t they keep this to themselves and make a ton of money?
The only thing that does make sense is that the company is asking for new recruits, which brings in actual traceable money…
And that is the only real money trail to follow, because it’s the only provable source of money coming into the company.
The company says the more you invest the more you will earn….
Also, they offer so many different types of commissions for recruitment that you can see that’s what they are really pushing here.
And it’s undeniable that they are taking the newly sponsored affiliates investments and handing them out as the ROI generated through the company.
If they keep doing this with new affiliate’s money, when new affiliates stop showing up the company will not be able to pay out ROI and will likely fall apart.
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed My Bit Rush review and if you have any questions, please leave them in the comments below…
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