QubitTech Review – A Not So Techy Ponzi Scheme!

QubitTech is a MLM company that operates in the cryptocurrency niche. The company is operating out in Estonia according to their website’s info. 

As expected from a suspected Ponzi scheme, the address they listed is used by several other companies. This means that the address is a virtual office of sorts and that QubitTech has no physical ties to Estonia. 

QubitTech’s founder and CEO is Greg Limon, who also lists himself as the co-founder of Digimax Global, a company from Canada. But Digimax Global doesn’t list Limon as the co-founder, nor is he ever featured on the website. 

As far as we can tell, this is Limon’s first MLM venture in a management position.

QubitTech Product Line

There are no retail products or services available within QubitTech’s program. There’s only the membership into their income opportunity.

Does The Product Work?

QubitTech is a failed attempt of Greg Limon’s escapades as a “crypto expert”. The company claims that they generate external revenue through manual and algorithmic trading methods but nothing proves that trading is being done. There is also no evidence that they’ve paid out returns for their members. 

They’re not registered with financial regulators as well to carry out financial activities for their clients. This means they’re operating illegally. 

Like most Ponzi schemes, recruitment is the name of the game here. New member investments are the only source of income for the company. Once recruitment stops, the money stops coming in too. This will starve the company and prompt it to collapse.

There’s only one way to make money from QubitTech and that’s through recruitment. You have to recruit people to get commissions and to move up in ranking. The higher your rank and the more you recruit, the more money you make. 

How To Get Started with QubitTech?

It’s free to join QubitTech but if you want to avail of their income opportunity, you’re required to either: 

1. Recruit four investing members within 15 days of signing up
2. Personal investment between $100 and $100,000

Note that your investments are in USD but QubitTech will only accept them in Bitcoin or Ethereum.

QubitTech Compensation Plan

QubitTech members invest between $100 and $100,000 on the promise of 250% ROI. 

Your investment will tie you to different packages, which will dictate how much you can earn:

• Bronze – $100
• Bronze+ – $500
• Silver – $1000
• Silver+ – $5000
• Gold – $10,000
• Gold+ – invest $25,000
• Platinum – $50,000
• Platinum+ – $100,000

Referral Commissions

QubitTech’s referral commissions follow a unilevel compensation structure. This means that all your direct recruits are placed under you and labeled as your level 1. 

When your level 1 members recruit people, they become your level 2 members and their level 1’s. 

This goes on infinitely in theory. QubitTech caps it out at 4 levels. Your commission is paid out as percentage of funds invested across these levels: 

1. Bronze and Bronze+ members receive 6% on level 1 (personally recruited members) and 2% on level 2
2. Silver and Silver+ members receive 6% on level 1 and 3% on level 2
3. Gold and Gold+ members receive 7% on level 1, 3% on level 2 and 1% on level 3
4. Platinum and Platinum+ members receive 8% on level 1, 4% on level 2, 2% on level 3 and 1% on level 4

Residual Commissions

Residual commissions are paid out via a binary compensation structure. Similar to unilevel structure, your direct recruits are placed on your left and right leg and marked as your level 1. 

Any new recruit from you or from your level 1’s are placed in the two positions created under both legs. This will branch out with more positions as you add in more levels. 

There’s no mention of what the cap is for the levels for residual commissions.

QubitTech tallies up new member investment on both sides of the team. Based on how much was invested, members receive a percentage of funds matched on both sides of the binary team. 

1. Bronze and Bronze+ members receive an 8% residual commission rate
2. Silver and Silver+ members receive a 9% residual commission rate
3. Gold and Gold+ members receive a 10% residual commission rate
4. Platinum and Platinum+ members receive a 12% residual commission rate

#1 Ponzi Scheme!

As explained earlier, QubitTech is nothing more than a Ponzi scheme. The biggest red flag here is their compensation plan. You’re being asked to recruit people in order to get your money back. You also get a percentage of the investments made by your recruit. 

If you don’t recruit, you’re not making any money. 

#2 Securities Fraud!

By offering a passive income opportunity via investment, QubitTech constitutes a securities offering. This means that they’ll need to be registered and licensed by financial agencies and regulators. But because they’re not, it means they’re committing securities fraud, which is a serious crime on top of operating a Ponzi scheme.

On top of that, you could land some serious jail time for promoting a Ponzi scheme and being involved in securities fraud.

There’s nothing to like about QubitTech. 

QubitTech is nothing more than a Ponzi scheme, and there’s no proof that says otherwise. The only source of income is through new member investment, for both members and the company. 

No one’s making any money without recruiting new people. 

Promoting this company could also land you some time in jail because of securities fraud. QubitTech is not registered to carry out financial activities on behalf of their members. 

Stay away from this Ponzi scheme.

I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.

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The reason is simple...

• You don't have to recruit anyone to make money
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In fact, with affiliate marketing...