Bitcoinaire’s Club provide no information on their website about who owns or runs the business.
The Bitcoinaire’s Club website domain (“bitcoinaires.club”) was privately registered on June 21st, 2016.
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.
Bitcoinaire’s Club Products
Bitcoinaire’s Club has no retailable products or services, with affiliates only able to market Bitcoinaire’s Club affiliate membership itself.
Bitcoinaire’s Club affiliate membership provides access to ‘different kinds of digital downloadble product, video material on bitcoin and other alternative cryptocurrency‘.
The Bitcoinaire’s Club Compensation Plan
Bitcoinaires Club affiliates gift bitcoin to each other via a 2×5 matrix.
A 2×5 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three to five of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
A Bitcoinaire’s Club affiliate signs up and gifts 0.0023 BTC to an existing Bitcoinaire’s Club affiliate.
This payment in turn qualifies them to receive 0.0023 BTC from two affiliates recruited into the first level of their matrix.
The remaining four matrix levels operate in the same manner, with each level requiring a gifting payment be made prior to receiving gifting payments from other Bitcoinaire’s Club affiliates.
- level 1 – gift 0.0023 BTC to an existing Bitcoinaire’s Club affiliate and receive 0.0023 BTC from two subsequently recruited affiliates
- level 2 – gift 0.0028 BTC and receive 0.0028 BTC from four affiliates
- level 3 – gift 0.0046 BTC and receive 0.0046 BTC from eight affiliates
- level 4 – gift 0.0184 BTC and receive 0.0184 BTC from sixteen affiliates
- level 5 – gift 0.0918 BTC and receive 0.0918 BTC from thirty-two affiliates
Joining Bitcoinaire’s Club
Bitcoinaire’s Club affiliate membership is tied to a 0.0023 BTC gifting payment.
Full participation in the Bitcoinaire’s Club income opportunity costs 0.1199 BTC.
Bitcoinaire’s Club operates as a bitcoin cash gifting scheme.
New Bitcoinaire’s Club affiliates sign up, gift bitcoin to existing affiliates and receive payments from affiliates who join after them.
Nothing is marketed or sold to retail customers, with 100% of commission revenue generated when new Bitcoinaire’s Club affiliates gift funds to existing affiliates.
The matrix-based bitcoin gifting model in particular favors the admins who run them. Admins pre-load the company-wide matrix with one or more positions, ensuring through pass-ups on each matrix level they receive the majority of gifted funds.
As with all cash gifting schemes, once affiliate recruitment dies off so too will payments within the scheme.
This will see Bitcoinaire’s Club collapse, resulting in the majority of affiliates losing money.