Keep reading to find out.
There is absolutely no information on the Binary Global website signifying who owns or runs this business.
Binary Global Review
The Binary Global website domain, binaryglobal.net, was registered on the December 28, 2015. The registration was only just updated on November 6, 2016, signifying that this is when the current owner took possession of it.
The registration lists Joshua Harris as the owner, with phony address details in the US.
Given the phony address details which are provided, it’s very probable that Joshua Harris doesn’t exist.
Always keep in mind that if an MLM company is not willingly truthful about who is running or owns it, think long and hard about joining and/or handing over any money.
Binary Global Product Line
It’s very unfortunate that this company has absolutely no retailable products or services, with affiliates only capable of marketing Binary Global affiliate membership itself.
Together with Binary Global affiliate membership you will find ad credits, which can be used to display advertising on the companies website.
Binary Global Compensation Plan
The programs compensation plan has affiliates gift bitcoin to one another via a 2×10 matrix.
This 2×10 matrix puts an affiliate at the top of a matrix, with 2 spots directly underneath them.
These 2 spots form the initial level of the matrix. The 2nd level of the matrix is created by dividing each of the 2 spots into another 2 spots each.
Successive levels of the matrix are produced in a same manner, with a whole 2×10 matrix holding 2046 spots.
Spots in the matrix are filled through direct and indirect recruitment of new affiliates.
A Binary Global affiliate starts by gifting 0.03 BTC to the affiliate who recruited them.
This payment qualifies them to receive 0.03 BTC from 2 successively recruited affiliates.
0.04 BTC is used to “unlock” level 2 of the matrix, with the remainder of the Binary Global compensation plan growing gifting payments between affiliates as follows:
- level 1 – gift 0.03 BTC to the affiliate who recruited you and receive 0.03 BTC from two subsequently recruited affiliates
- level 2 – gift 0.04 BTC and receive 0.04 BTC from four affiliates
- level 3 – gift 0.08 BTC and receive 0.08 BTC from eight affiliates
- level 4 – gift 0.14 BTC and receive 0.14 BTC from sixteen affiliates
- level 5 – gift 0.7 BTC and receive 0.7 BTC from thirty-two affiliates
- level 6 – gift 1.12 BTC and receive 1.12 BTC from sixty-four affiliates
- level 7 – gift 1.4 BTC and receive 1.4 BTC from one hundred and twenty-eight affiliates
- level 8 – gift 1.8 BTC and receive 1.8 BTC from two hundred and fifty-six affiliates
- level 9 – gift 2.1 BTC and receive 2.1 BTC from five hundred and twelve affiliates
- level 10 – gift 2.8 BTC and receive 2.8 BTC from one thousand and twenty-four affiliates
Joining Binary Global – Cost?
Binary affiliate membership is completed by a 0.03 BTC gifting payment to the affiliate who recruited you.
As per the website:
“BinaryGlobal is a peer-to-peer donation platform for members to help other members in a systematic way.”
Under the ruse of giving and receiving donations, Binary Global operates a ten-tier cash gifting scheme.
First of all, donations do not entitle you to receive donations. That is cash gifting, no other way about it.
The Binary Global matrix is set up much like a cycler. New affiliates begin by gifting 0.03 BTC to the individual recruited them.
The funds they receive are generally passed up to unlock tier 2 (level 2 of the matrix), and so on and so forth for 10 levels.
This system effectually succeeds in having the majority of funds gifted among Binary Global affiliates passed up to those who own the very initial spots created.
Binary Global – My Conclusion
These spots, predictably, are owned by the nameless Binary Global administrators.
As with all cash gifting schemes, once recruitment of new affiliates slows down considerably, so will gifting payments within the scheme.
As Binary Global’s matrices suddenly stop, sooner or later a tipping point will be triggered in which the whole scheme collapses.
The site reads:
“Do you give refunds?
“Your membership is NON-REFUNDABLE. All payments are final.”
“We cannot refund money to you that has already been paid out to our members (or your Uplines).”
Bottom line, at that point in time, any Binary Global affiliates who have not conned enough new affiliates to recoup their own gifting payments, will ultimately lose out. Statistically, this is certain to the be the majority of Binary Global affiliates.
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