What Is QubitLife? A Reboot of the 250% QubitTech Ponzi Scheme!

QubitLife is a reboot of an old Ponzi scheme we reviewed recently called QubitTech. This was created by a man named Greg Limon back in 2020. He claims that he is a cryptocurrency investment expert too. 

We believe that he rebranded QubitTech because of the multiple regulatory warnings and a ban from Italy. 

But there has been no explanation on their end on why the sudden name change and rebrand. 

As it stands, the rebrand is purely cosmetic. QubitLife is still the 250% ROI Ponzi scheme.

QubitLife lists several company addresses, none of which are close to being true. One of them is an address to a virtual office and another address in Estonia. Limon has no physical ties to Estonia (that we know of). 

QubitLife Product Line

QubitLife does not have any retail products or services in their MLM income opportunity. All they have to offer is ROI through their investment packages, which we’ll explain below.

Does The Product Work?

Sometime in 2020, QubitTech was already in trouble after being issued multiple regulation warnings. They were also banned in Italy. Then they did this: 

They dropped their .AI domain variant for a .DEV variant, which is insignificant given their status as a Ponzi scheme. 

They announced that they were the victim of a DDoS attack and has affected the way members are able to login through the platform. 

This is total bullshit because this is already their exit scheme. Exit schemes are done when Ponzi schemes are about to shut down and don’t want their members to withdraw funds. Not that they even have the option of being to withdraw funds anyway, right? 

The first sign something was amiss with QubitTech emerged last month when, without warning, QubitTech dropped its .AI domain for a .DEV variant.

They included a few additions to their QubitLife program that weren’t included in QubitTech: 

1. Cashback Licenses - these need a minimum of $500 USDT investment and you receive up to 20% of your investment plus up to 100% of the value of the receipt you give to QubitLife. 
2. Corporate Licenses - Minimum of $5000 USDT investment, with a 60% to 70% ROI offered over four to five months.

Italy, Spain, and the Ukraine have banned QubitTech from operating in their countries due to the nature of their Ponzi scheme. 

Anyone who’s familiar with the way Ponzi schemes work will know that rebrands are done to get started on a new scam because the old scam has been either caught or no longer making any money. 

This is just one vicious Ponzi scheme cycle. QubitLife, much like its older brother, will continue its charade for months before rebranding into a new scheme because it no longer generates income for Limon and his team. 

The only source of income for QubitLife is through new member recruitment. There is no evidence that they are generating income via investments and trading of any kind. They solicit passive income, which constitutes securities, but they are not registered to carry out these kinds of activities. 

There’s only one way to make money from QubitLife and that’s through new member recruitment. 

How To Get Started with QubitLife?

It’s free to join QubitLife but you have to invest a minimum of $100 and up to $100,000 if you want to take part in their income opportunity.

QubitLife Compensation Plan

QubitLife members’ investments are tied to a promise of a 250% ROI. 

Your investments are tied to different packages, which indicates how much you’ll earn: 

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

Referral Commissions

QubitLife’s referral commissions are based on a unilevel compensation structure. 

This structure places you at the top of the team and your direct recruits are placed under you and marked as your level 1 members. 

Your level 1 members will also be recruiting to build up their own team. Their recruits (those that they personally recruited) are placed under them like they were placed under you and marked as their level 1. Consequently, these recruits become your level 2 members. 

And this goes on and on infinitely. But QubitLife caps out at 4 levels. 

Your commissions is paid out as percentage of funds invested in 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

QubitLife’s residual commissions follow a binary compensation structure. Similar to the unilevel structure, your direct recruits are placed under you and marked as your level 1. These are placed on your right and left leg. 

These legs will spawn their own right and left legs, and it branches out from there. You now have more positions available as the levels increase. 

QubitLife computes new member investments across both sides of the team based on total investment made:

• Bronze and Bronze+ members receive an 8% residual commission rate
• Silver and Silver+ members receive a 9% residual commission rate
• Gold and Gold+ members receive a 10% residual commission rate
• Platinum and Platinum+ members receive a 12% residual commission rate

#1 Ponzi Scheme!

QubitLife is a Ponzi scheme, and the rebrand doesn’t do anything to make themselves look legitimate. 

If you look at their compensation plan, it’s all based on recruitment. This is the biggest red flag of them all.

#2 Securities Fraud!

ROI’s constitute a passive income opportunity via investment, so QubitLife provides securities offering. But they’re not registered with any regulatory agency to carry out these activities. This is why they have multiple regulatory warnings issued against them. 

QubitLife is committing securities fraud when they make money from their members. You can also go to jail for making money off of people via QubitLife. 

#3 Rebooted Ponzi BS!

The reboot of QubitTech is purely cosmetic and does absolutely nothing to make themselves legitimate. This is Limon’s way of continuing the scam without having to worry about being chased by the government.

There’s nothing to like about QubitLife. It’s just one big Ponzi scheme. 

QubitLife, just like its predecessor, is a Ponzi scheme and there’s no proof that proves they’re legitimate. 

The only source of income that QubitLife relies on is through new member investment. No one’s making any money if they don’t recruit people into the business. 

QubitLife is also not registered with any regulatory agency to carry out investments in behalf of clients, so they’re also committing securities fraud. This is a serious offense which could land you some jail time. 

Stay away from QubitLife and its future variations. 

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