Welcome to my MLS Bitcoin Club Review!
When it comes to choosing an online business to join, the choices can be overwhelming…
You want to make money from home, but you aren’t sure where to start, right?
Well, you’re in the right place!
This review will go over the company, the products and the compensation plan offered by MLS Bitcoin Club.
Let’s dig in, shall we?
MLS Bitcoin Club Review – The Company
MLS Bitcoin Club does not provide any information on their website about who owns or operates the company.
The MLS Bitcoin Club website domain was registered as “mlsbitcoinclub.com” on the 4th of May, 2017.
The domain registration lists Darry Perkinson of WBI Enterprises LLC as the owner, with an address in Georgia.
It seems that MLS Bitcoin Club was first launched approximately 6 months ago under the name MLS International BitCoin Club.
Before launching MLS International Bitcoin Club, Perkinson was promoting a lead generation business called Conversion Pros.
MLS is actually an acronym that stands for “Massive Leverage System”, which is a company that Perkinson previously launched.
The MLS website claims that the company is a “private community” and promises to “deliver $10,000.00 (or more) in recurring income”.
MLS features a marketing pitch that claims that the company teaches members how to:
- Build cash flow and create generational wealth through education
- Rent out your stocks and
- Buy & sell gold / cryptocurrency
Other MLM businesses that Perkinson has previously promoted include OneCoin and Karatbars International.
MLS BitCoin Club Reviews – The Products
MLS Bitcoin Club does not offer any retail products or services to its affiliates or potential retail customers.
Affiliates who join MLS Bitcoin Club can only market the affiliate membership.
Once an affiliates signs up, they can buy matrix cycler positions.
Each MLS Bitcoin Club cycler position purchase includes access to “education”.
MLS Bitcoin Club describe their education as:
one of the best in the marketplace today that teaches everything you wanted to know about cryptocurrency to include our number one product of bitcoin.
1- You’ll learn how to buy and sell bitcoin.
2- How to protect your bitcoin from hackers, as well as company own wallets.
3- You’ll learn why you need different wallets that include hot wallets, warm wallet’s and cold wallets.
4- You’ll learn about building your own portfolio that may include bitcoin.
5- You’ll learn how to include bitcoin in Your Own IRA accounts
6- and a lot more…
The MLS Bitcoin Club Compensation Plan
MLS Bitcoin Club affiliates purchase positions in an 9-tier bitcoin matrix cycler.
Commissions are earned when they sponsor others who do the same.
The matrix size utilized in MLS Bitcoin Club’s cycler is a 2×2.
A 2×2 matrix puts an affiliate at the top of a matrix that has 2 positions right under them.
These first 2 positions make up level 1 of the matrix and level 2 is created by adding another two positions under each of the first two, for a total of 4 positions.
When all 6 matrix positions are filled, a “cycle” occurs and the top matrix position “cycles” into the next cycler tier.
MLS Bitcoin Club cycler positions cost 0.04 BTC.
When all six Tier 1 matrix positions are filled, the position cycles into tier 2 and the process starts over.
Payments across all 9 cycler tiers look like this:
- Tier 1 (positions cost 0.04 BTC) – 0.02 BTC commission, generates a new tier 1 matrix position and cycles into a new tier 2 matrix
- Tier 2 – 0.1 BTC commission, generates a new tier 2 matrix position and cycles into a new tier 3 matrix
- Tier 3 – 0.1 BTC commission, generates a new tier 3 matrix position and cycles into a new tier 4 matrix
- Tier 4 – 0.5 BTC commission, generates a new tier 4 matrix position and cycles into a new tier 5 matrix
- Tier 5 – 1 BTC commission, generates a new tier 5 matrix position and cycles into a new tier 6 matrix
- Tier 6 – 3 BTC commission, generates a new tier 6 matrix position and cycles into a new tier 7 matrix
- Tier 7 – 3 BTC commission, generates a new tier 7 matrix position and cycles into a new tier 8 matrix
- Tier 8 – 6 BTC commission, generates a new tier 8 matrix position and cycles into a new tier 9 matrix
- Tier 9 – 36 BTC commission and generates a new tier 9 matrix position
Cost To Join MLS Bitcoin Club
The cost to join MLS Bitcoin Club as an affiliate is a combined tier 1 matrix position purchase and admin fee of 0.0455 BTC.
Verdict on MLS Bitcoin Club
If you look at this company’s compensation plan for what it is, you will see that it is simply cash gifting…
Affiliates sign up and purchase positions in a cycler…
And this money is used to pay other affiliates who are higher up in the cycle…
So the only way income is generated is by recruiting new members who will also buy in….
But once the hype dies down and affiliates recruitment decreases…
The company will be hard-pressed to meet their ROI promises…
Or you can join a work from home business with some kind of track record.
So, if you are considering joining this company, do so at your own risk…
I hope you enjoyed my MLS Bitcoin Club review and if you have any questions, please leave them in the comments below…
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