BullTrade: Keep Watch! Explore the Empathetic Reality Before Investing
Bull Trade registered the domain name “bulltrade.io” for its website in private on March 20, 2023.
The official YouTube channel of BullTrade features four promotional videos that seem to connect the company’s operator to India
The fact that BullTrade’s “English” marketing video is a robodub lends even more credence to this. Administrative staff members who do not speak English as their first language tend to exhibit this.
If an MLM company is not being transparent about who owns or is in charge of it, you should always think twice before joining and/or contributing any money to it.
December 20, 2023 Revision
BullTrade has not yet replied or offered an apology for its wrongdoings. They have disregarded our attempts to draw attention to the issues that their victims are facing. Moreover, their whole concentration has been on spreading their phony public relations.
Table of Contents
BullTrade Products
There are no products or services available for retail purchase on BullTrade. Affiliates may only promote the BullTrade associate membership itself.
Their Compensation Plan
Affiliates of BullTrade use USD equivalents to make cryptocurrency investments. In anticipation of the promised returns, this is done:
- Daily Plan 1 offers daily payments of 0.4% on deposits made between $5 and $499.
- Weekly Plan 1: Earn 4% weekly back with a deposit of $5 to $499.
- Yearly Plan 1: Invest $5 to $499 and earn 400% annually.
- Daily Plan 2: Earn 0.5% every day on contributions made in the range of $500 to $4999.
- Earn five percent a week on investments between $500 and $4999 with the Daily Plan 2.
- With Yearly Plan 2, you can invest $500 to $4999 and get a 500% annual return.
- Daily Plan 3: Make daily earnings of 0.6% by investing $5,000 to $100,000.
- Weekly Plan 3: To earn 6% weekly, invest $5000 to $100,000.
- Invest $5000 to $100,000 in Yearly Plan 3 to receive a 600% yearly return.
BullTrade offers commissions for recommendations on invested money through a unilevel incentive structure.
An affiliate is put at the head of a unilevel team in a unilevel pay system, and each affiliate they recruit is positioned immediately according to them (level 1).
New affiliates added by any level 1 affiliate are placed on the level 2 unilevel team of the original affiliate.
What is Cryptocurrency?
Coins and banknotes are examples of tangible money; cryptocurrency is a sort of money that only exists digitally. Bitcoin ATMs and other electronic devices such as PCs and cell phones are commonly used in bitcoin transactions. There are numerous virtual currencies available on the market, and new ones are always being established, despite the fact that Bitcoin and Ether are two of the most well-known examples. These cryptocurrencies are characterized by their digital origin, function on decentralized networks, and provide unique characteristics and applications in the domains of technology and finance.
A level 2 affiliate is promoted to a level 3 affiliate, and so on down a potentially infinite number of groups, if any level 2 affiliates bring on new affiliates.
BullTrade caps payable unilevel team levels at 10.
Referral commissions are paid in the following ways, as a percentage of the bitcoin invested over these ten levels:
Level 1 (affiliates that are individually recruited: 5%; Levels 2 through 10: 0.5%
How to Join
Their affiliates can sign up for free. In order to fully engage in the linked income potential, a $5 minimum commitment is required. The business extends an invitation to investors to purchase a range of cryptocurrencies.
Conclusion
It says it can make money outside of the virtual world by trading cryptocurrency.
BullTrade’s claims not only lack evidence to back them up, but they also contradict the Ponzi scheme’s rationale.
600% a year, not including compound interest, is 1.6% a day. There is nothing that someone who can lawfully make that type of money is providing for you.
They are also not running anonymous admin websites for fun.
As of right now, BullTrade’s only validated revenue source is fresh investments. BullTrade is a Ponzi scheme since it pays affiliates daily, monthly, or yearly profits by using new investments
As with all multilevel marketing Ponzi schemes, new investment stops when affiliate recruiting ends.
BullTrade will ultimately fail since it won’t be able to provide any ROI.
Because of the mathematical underpinnings of these scams, most participants will inevitably lose money when they collapse.
