Welcome to my LeaderBit Review!
So you’ve been thinking about joining an online business, but you don’t know where to start?
The fact that you are here reading this blog means you’ve taken a step in the right direction!
Choosing a new business to join can be overwhelming, so it’s always good to do your research!
This blog will cover the company background, the products and the compensation plan.
Let’s get to it!
LeaderBit Review – The Company
LeaderBit does not provide any information on the company website in regards to who owns or operates the business.
The LeaderBit website domain was registered privately as “leaderbit.biz” on the 17th of July, 2017.
On the 21st of July, 2017, LeaderBit Limited was incorporated in the UK.
LeaderBit Limited uses an address that belongs to Corporation House, which is a business that offers company formation and virtual office services.
Eddy Smith is identified as the sole Director of LeaderBit and uses the same virtual office address.
LeaderBit Reviews – The Products
LeaderBit does not have any retail products or services (companies like Digital Altitude and The Wealth Network do).
Affiliates who sign up with LeaderBit can only market the affiliate membership.
The LeaderBit Compensation Plan
LeaderBit affiliates can participate in the attached compensation plan by investing bitcoin in 3 offered plans:
- Stable Plan – Invest 0.005 to 5 BTC and receive a 12% daily ROI for 12 days (144%)
- Extended Plan – Invest 5.001 to 20 BTC and receive a 12.5% daily ROI for 12 days (150%)
- Maximum Plan – Invest 20 to 200 BTC and receive a 13% daily ROI for 12 days (156%)
Residual commissions earned on investments made by downline affiliates are paid down 3 levels of sponsorship (unilevel):
- 7% on level 1 (personally sponsored members)
- 2% on level 2 and
- 1% on level 3
Cost To Join LeaderBit
The cost to join LeaderBit as an affiliate is free, but full participation requires affiliates to invest between 0.005 to 200 BTC.
Verdict on LeaderBit
The red flag with this company is that they don’t explain how the ROIs are generated…
The only verifiable source of funds coming in is from new affiliate investment…
New affiliates join up and buy in with bitcoin…
And these funds are then used to pay existing members…
So the money is just cycling around…
When recruitment slows down, so will investment…
Leaving affiliates high and dry….
So, if you are thinking of joining this company, keep that in mind…
I hope you enjoyed my LeaderBit review and if you have any questions, please leave them in the comments below…
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-Jesse Singh
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