Welcome to my Global Bitmax Review. There has been some vibe about this company called Global Bitmax,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Global Bitmax and what to find out if it is a legit company or a scam.
Here is a detailed review on the company Global Bitmax and I would walk you through the Global Bitmax company,the compensation plan,the products and the verdict.
Global Bitmax Review – The Company
Taking a look at the Global Bitmax website, It’s easy to see here that the domain globalbitmax.com was acquired on March 3, 2017, but there’s no way of telling who the owner is or where the registration took place seeing as how its set to a private state.
After a little research I managed to find out that various affiliates for Global Bitmax claim that Mauro Mangibin is the sole owner for the company.
This claim is confirmed on Mangibin’s personal Facebook page, and this is evident by a post he published on May 22, 2017 —
“My First Ever Matrix/Cycler Is in Pre Launch.
We tested it, and Positive Result comes out.
Global Bitmax Review – The Products
Global Bitmax does not offer any retail products or services.
Affiliates can only market the company affiliate membership itself.
The company affiliate membership gives access0098i to ad credits along with a “full suite of marketing emails and graphics”.
The Global Bitmax Compensation Plan
The company’s affiliates donate bitcoin to one another through a 3×2 matrix.
A 3×2 matrix puts an affiliate at the top of a matrix, with 3 positions directly beneath them.
The 3 positions form the 1st level of the matrix. By splitting the first 3 positions into an additional 3 positions each (nine positions) will create the second level of the matrix.
An affiliate of Global Bitmax signs up and donates ten dollars to a current affiliate.
The payment enables the affiliate to get ten dollars in bitcoin from 3 other sponsored affiliates.
This total of thirty dollars’ worth of bitcoin will then be given to an upline affiliate in order to unlock the next level, which is level two of the matrix.
Going into level 2 of the matrix brings about an additional thirty dollars in bitcoin sponsoring payments.
After filling all 9 positions of the 2nd level of the matrix, a further 5 positions in a 3×2 matrix will be generated.
Additionally, affiliates can get extra cash through referral commissions.
If you recruit someone into Global Bitmax that buys a matrix position for $10 worth of bitcoin, you then get a payment of $1 of bitcoin.
Along with this, recruiting someone who is able to fill all twelve positions within the 2×3 matrix will see you being paid $20 worth of bitcoin as another referral commission.
Cost To Join Global Bitmax
The cost to join Global Bitmax as an affiliate is a minimum purchase of one $10 bitcoin matrix position.
Is Global Bitmax Actually Legit Or A Scam?
Global Bitmax is actually legit and not a scam.Like most mlm companies out there.However it would depend on your lead generation technique,how you could recruit and your marketing techniques to be successful In Global Bitmax and with most network marketing companies out there.
Verdict on Global Bitmax
Yet again, we have another company that bases its business model on donating (gifting) bitcoin between affiliates.
No real products or services to offer.
Nothing of value.
Just exchanging bitcoin back and forth.
New affiliates are recruited and “donate” in order to pay off affiliates in their upline.
And the cycle continues.
The only way to keep the ROIs going is to constantly recruit new affiliates.
Cash gifting is the name of the game throughout the compensation plan, and when you factor in the referral commissions, you also seen an element of a pyramid scheme.
Liabilities that Global Bitmax owes through commissions will soon be out of control after just a few cycles being filled, and this means that it won’t take long at all for the company to completely fun out of money.
When this does happen, Mauro Mangibin will gather any money he’s earned (which will be most of what’s sunk into Global Bitmax) and pretty much abandon the company.
It’s doubtful that anyone else who joins will make back their initial investment (let alone make a profit), and because of this, you shouldn’t bother giving Global Bitmax any amount of money.
I hope you enjoyed my Global Bitmax review and if you have any questions, please leave them in the comments below…