BitCase provide no information on their website about who owns or runs the business.
The BitCase website domain (“bitcase.biz”) was privately registered on November 8th, 2017.
The official BitCase Facebook group was created by an account bearing the name “Mark Rogers” on November 9th.
The Mark Rogers account itself is bogus, having only been created around the same time (no content other than BitCase promotion).
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
BitCase has no retailable products or services, with affiliates only able to market BitCase affiliate membership itself.
The BitCase Compensation Plan
BitCase affiliates invest bitcoin on the promise of a daily or hourly ROI:
- invest 0.005 to 0.290 BTC and receive a 2.3% daily ROI for 7 days
- invest 0.3 to 3.09 BTC and receive a 2.7% daily ROI for 14 days
- invest 3.1 to 10 BTC and receive a 0.17% hourly ROI for 672 hours (28 days)
Referral commissions are available on funds invested by recruited affiliates, paid down two levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 4%
- level 2 – 2%
BitCase affiliate membership is free, however free affiliates can only earn referral commissions.
Full participation in the BitCase income opportunity requires a minimum 0.005 BTC investment.
The ruse behind BitCase’s ROI revenue is ‘the mining and trading of crypto currency bitcoin‘.
Naturally no evidence of bitcoin mining or trading is provided, leaving new affiliate investment BitCase’s only verifiable source of revenue.
BitCase’s use of newly invested funds to pay off existing investors makes it a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies off so too will ROI revenue.
This will see BitCase unable to meet its ROI obligations, eventually prompting a collapse.
The math behind Ponzi schemes guarantees the majority of affiliates will ultimately lose money.