If you are on this page, then you are most likely looking for an honest BitLocity review.
I saw that people were starting to talk about this opportunity online on some of the social sites I visit and wanted to see what the deal is.
When I look at any money-making opportunity, I like to first check out who the owner is, then I move on to the products, and then I check out to see how you can make money with the program.
I take all of that information to make a final judgment about an opportunity based on the information that I found.
I am going to take the time to publish all of the information that I found about BitLocity below and share my personal opinion about the company based on what I found.
In the last section of my review, I am going to share my recommendation and thoughts about this opportunity so make sure to stick around.
With that said, let’s dig in and see what we can find.
BitLocity Review – Overview
|1. Company: BitLocity|
|2. Type: Crypto, ROI, Referral Program|
|3. Owner: Unknown|
|4. Cost: $25 Per Year|
|5. Payment/Withdrawal Methods: Only Bitcoin (BTC)|
|6. Money-Back Guarantee: None|
|7. Support: https://t.me/joinchat/AAAAAEtg9l4yewl_benmvQ|
|8. Website: https://bitlocity.io/|
|9. Low/Medium/High-Risk?: Medium|
Quick Summary: BitLocity is a Blockchain technology educational platform that combines a peer-to-peer blockchain rewards program.
- Referral Program
While I can agree that many of the aspects that I listed above will be attractive to many people, we still have to do our research before diving into anything that we are going to invest in, whether it is our time or money.
Here is a breakdown of the pros and cons…
Here are some of the pros:
- They offer a referral program
- They offer education about cryptocurrency
- They offer a p2p rewards program
Here are some of the cons:
- There is no information on the website or on the internet about the owner
- It is hard to know if the profit is being generated on the blockchain because there is no proof.
Recommended? – Verdict
If you are looking for a legitimate business, then I can’t say BitLocity is a scam or legit.
I can only report on the information that I gathered, and at this time, the company is still running, and they are still paying commissions.
But like you, I can’t see into the future, so I can’t say that BitLocity will become a scam, but if you do decide to join, I would just say…
BitLocity is a medium-risk opportunity because of the nature of its business model.
I’ve included much more detailed information about BitLocity below in the following sections of my review.
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What Is BitLocity?
BitLocity is a crowdfunding or a gifting type of MLM company that offers multiple levels of commissions that you can earn by joining and then personally referring others that also join and by building a downline team of other investing members. The niche that I would consider BitLocity to be in is the cryptocurrency MLM gifting niche.
This is my take on what it is but the company has its own version that goes something like this…
They are the “first” in the world to offer a decentralized program that offers education and other things…
This is not the first company with a similar business model that claims that they are the “first”?
When I take the time to research any money-making opportunity that I am thinking about joining and promoting, it is very important to me to learn about the owner.
The information that I gather about the owner will let me know if this is the type of person that I would want to represent in business and also help make money for.
With that said, there is no information about the owner on the company website which is unfortunate.
Looking up who the owner is a crucial step for me and automatically throws up a red flag due to the non-transparency issue.
I didn’t have any luck when looking up the domain name information either:
- The domain name “bitlocity.io” was registered on 10-28-2020
- The domain name was registered privately
Since the domain name was registered privately, there was no additional information I found using the domain name whois lookup strategy.
With that said, let’s move on.
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BitLocity Products – What Is Offered?
In this section of my BitLocity review, I am going to cover the information that I found about the products and services that the company offers.
I looked around the company website and could not find any “retail” products or services that they offer.
This might change when they launch, but I wouldn’t count on it.
However, they do offer an educational platform that covers cryptocurrency.
The information that I found about what they offer in their education platform appears to be basic information that you could find on Youtube.
Some of the education that they offer are topics like:
- What is Cryptocurrency and the Blockchain
- What are crypto mining and crypto trading?
- How is Cryptocurrency going to change the world
As you can see, nothing too technical or advanced as far as what I could find online with the education BitLocity offers.
It looks to me that the company is focusing mainly on the money-making opportunity that they call decentralized crowdfunding.
I get into more detail about how that works in the next section.
Another great review: Bitcno Review – A Huge 200% ROI Scam or Real Money Maker?
How Does The BitLocity Compensation Plan Work?
In this section of my review, I am going to cover the information that I found about how the BitLocity compensation plan works and how you can make money with it.
There are a couple of aspects to the BitLocity compensation plan but the main aspect of it is that it is basically an MLM matrix cycler that works from the blockchain.
The company calls it their decentralized crowdfunding platform which means the same thing.
If you know about the matrix cycler compensation plans, they have several matrix tiers that you have to buy a position in to participate in earning commissions from them.
If you don’t purchase a position on any tier, you won’t earn a commission from that matrix tier when or if that tier cycles a commission.
There are a total of 14 matrix tiers that you can purchase a position and earn from.
Here is a breakdown of what each tier is and how much it is to purchase a position to start on each one:
- Bronze Tier – To join this matrix commission tier, you will need to purchase a $25 position.
- Silver Tier – To join this matrix commission tier, you will need to purchase a $50 position.
- Gold Tier – To join this matrix commission tier, you will need to purchase a $75 position.
- Platinum Tier – To join this matrix commission tier, you will need to purchase a $100 position.
- Pearl Tier – To join this matrix commission tier, you will need to purchase a $200 position.
- Amber Tier – To join this matrix commission tier, you will need to purchase a $500 position.
- Ruby Tier – To join this matrix commission tier, you will need to purchase a $750 position.
- Sapphire Tier – To join this matrix commission tier, you will need to purchase a $1,000 position.
- Emerald Tier – To join this matrix commission tier, you will need to purchase a $2,000 position.
- Diamond Tier – To join this matrix commission tier, you will need to purchase a $5,000 position.
- Double Diamond Tier – To join this matrix commission tier, you will need to purchase a $10,000 position.
- Blue Diamond Tier – To join this matrix commission tier, you will need to purchase a $20,000 position.
- Ambassador Tier – To join this matrix commission tier, you will need to purchase a $50,000 position.
- Crown Ambassador Tier – To join this matrix commission tier, you will need to purchase a $100,000 position.
To my understanding, each tier that you join will come with some type of digital product.
The commissions that you earn when you cycle or “fill” any of the tiers weren’t found so I can’t cover that information at this time.
Global Infinity Line (pass-up commissions)
To my understanding of the BitLocity compensation plan concerning the Global Infinity Line, these commissions are based on the 1st ($25) and the 2nd ($50) tiers.
Basically, these commissions are “pass-up” commissions and only based on your personally recruited and your 2nd level downline team members.
What happens is that you will have to pass up your 3rd and 10th personally recruited members.
Your personally recruited members will also have to pass up their 3rd and 10th personally recruited members.
By saying “passed up”, what I mean is that those members are counted toward your personal production from those members are passed up.
Crowdfunding Compensation Plan (matrix cycler)
If you know about the matrix cycler type of compensation plans, the BitLocity compensation pan is structured similarly.
This one has a total of 14 tiers of commissions that you can earn and each level is structured in a mini 3X1 matrix.
You will have to be at the Gold Package or higher in order to earn the Crowdfunding commissions!
The tiers are directly connected to the package tier levels above that I covered above.
You will have to fill 3 positions with direct or indirect investing members of any of the tiers before you cycle a commission from that package tier.
IF you didn’t join any level that gets filled, then you have to pass up those commissions that get cycled.
This is why some members try to join all of the tier levels that they can when they get started but many members also just wait to upgrade to the next package tier with the commissions they earn.
With that said, this is all there is to it about how the compensation plan works and how you can make money with the crowdfunding commission platform they offer.
With that said, let’s continue.
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My BitLocity Q and A Section
In this section of my BitLocity review, I am going to answer some of the questions that people may have when thinking about joining.
Is BitLocity BBB Accredited?
After searching around the BBB website, I was unable to find any information about a BitLocity company listing or accreditation.
There are several companies that I have reviewed that also don’t have a listing or accreditation with the BBB so I would recommend comparing the company’s business structure with the laws in your country to make a better decision on whether or not it is a scam or not.
How Do You Join BitLocity?
The way to join BitLocity is to find someone that is a member and join up with them.
When you are ready to join, the minimum that you will need is $25 in the value of BTC which is a cryptocurrency to get started in the first matrix package tier and this fee will also be a yearly fee.
In order for you to become fully commission qualified with everything that BitLocity offers, you will have to join at least at the Gold package tier level which will cost you a total of $150.
BTC is the currency that the company will accept when you join and I am not sure if BTC is the only currency that you can withdraw at this time.
With that said, let’s answer the question that many of you have been waiting for which is…
If I join at the Platinum tier level, do I qualify to earn from the previous levels?
Unfortunately, no, you will have to purchase each and every position in each matrix tier in order to earn from each one.
Usually, members will start from the smaller tiers and then when they earn a commission from that tier, they will use that commission to join the following tier and so on.
Is BitLocity A Scam or Pyramid Scheme?
After looking at all of the information that I researched about BitLocity, I can’t say that it is a scam at this time.
However, there are several companies that have a similar business structure, and most are very new.
The time that I see the company coming into scrutiny with the government agencies and issuing these types of companies warnings and fines is after the company grows to a big size.
At that time when the government gets involved is when the company is most likely going to shut down.
One of the issues is that there are no retail products or services that are offered “for customers only”, you must become a member.
However, at this time, the company is in pre-launch so I don’t know what type of products or services they are going to offer if any at the time of launch.
I know that the company offers a digital education library, BUT, this is not a true retail offering.
My Final BitLocity Review and Thoughts
In the last section of my BitLocity review, I am going to share my final thoughts and recommendation about the company and the opportunity.
I have taken some of my time to cover the research that I found on the company and the opportunity.
I have gone through that information and also share my thoughts on whether BitLocity is a legitimate opportunity or a scam.
But here is the question that some of you might be wondering about…
Would I Recommend Joining BitLocity?
You have all of the information that you need to make an educated decision on whether or not you think BitLocity is the right opportunity for you to join or not.
If you were to ask me, I personally would not join due to the issues that I have with the opportunity.
If you want to learn more about the programs that I would recommend and have been tested to earn cryptocurrency, then click here.
With that said, I hope you enjoyed my BitLocity review.
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