BlockChain Rays Review – Is This A Good Opportunity Or Big Scam?
BlockChain Rays has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling BlockChain Rays.
I have simply gathered for you all the facts in this BlockChain Rays Review in order for you to make a proper decision about it.
So, is it true? Is BlockChain Rays a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is BlockChain Rays?
With Blockchain Rays, there’s a startling absence of background information on the company’s official website.
Even after hours of digging and searching, I was unable to find any mention of who owns Blockchain Rays, where it is based out of, when it was founded, who’s involved on the executive level, etc.
This is all pertinent information that’s important to know with a potential business opportunity, but it’s nowhere to be found with Blockchain Rays.
In addition to this, the private nature of the domain name registration for the site hides info on who was behind the registration and where it took place. It’s easy to see the domain was acquired on December 27, 2016, but that’s absolutely it.
According to Alexa rankings for Blockchain Rays’ site, Nigeria accounts for the largest amount of traffic with 59% of all visitors coming from that country. Following this up is India in second place as it accounts for 29% of all site traffic.
This data hints that the admin behind Blockchain Rays resides and is running the company out of one of these two places, but I unfortunately can’t determine for sure which of the two countries is the home for the business.
What Are The Products For BlockChain Rays?
Taking a look at the product line being offered by Blockchain Rays, there’s actually nothing to see here at all.
Blockchain Rays isn’t selling any goods or services to retail customers, and this is one of the biggest red flags that I run across when working on these reviews.
Retail sales activity is essential to the success of a legitimate or honest MLM opportunity, and whenever they aren’t taking place within a business, such as Blockchain Rays, it’s usually a telling sign that there’s some fraudulent activity taking place on some level.
What Is The Compensation Plan For BlockChain Rays?
Moving over to the compensation plan side of things, affiliates within Blockchain Rays are able to earn an advertised ROI by first investing between $5 and $10,000 worth of bitcoin into the company.
The ROI that’s offered here pays 30% every 5 five days, and this works out to around 180% being earned each month.
Following this, affiliates can earn even more money through referral commissions.
Referral commissions are paid to members as a percentage of funds the are invested by their downline, and they work out in the following manner —
- Level 1 members provide a 10% commission
- Level 2 members provide a 5% commission
- Level 3 members provide a 4% commission
- Level 4 members provide a 3% commission
- Level 5 members provide a 2% commission
- Level 6 members provide a 1% commission
- Levels 7 members provide a 0.5% commission
- Level 8 members provide a 0.5% commission
- Level 9 members provide a 0.5% commission
- Level 10 members provide a 0.5% commission
What’s Does It Cost To Join BlockChain Rays?
As per the Blockchain Rays website, the company is a “community where people help each other. Blockchain rays gives you a technical platform which helps millions of participants worldwide to connect those who NEED help to those who are ready to PROVIDE help, for FREE.”
Is BlockChain Rays A Scam?
Have you heard from a friend that BlockChain Rays is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about BlockChain Rays – is it a scam or legit?
Good news – BlockChain Rays is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
BlockChain Rays Review Conclusion
This marketing mumbo-jumbo translates to affiliates investing bitcoin and then being able to earn an ROI that’s paid every 5 days. The only source of income for Blockchain Rays is that investment activity, so these funds being used to pay off other owed ROIs turns the company into a Ponzi scheme.
We’re not done quite yet, though.
Move a bit further throughout the website, and you’ll come across the following bit of copy —
“There is no central account, where all the System money flows to (and where it can be easily stolen from). All the money is only on the bitcoin accounts of the participants themselves! On a lot of thousand and million private accounts, Participants transfer to each other directly.”
The act of affiliates sending money to one another adds a nice cash gifting scheme layer on top of the Ponzi setup, and when you add those two things together, you’re dealing with a whole lot of trouble.
Following a drop in recruitment and/or investment activity, Blockchain Rays will be unable to pay its members the money that they’re expecting. This will create for the eventual collapse of the company, and it will see most affiliates involved losing out.
The anonymous admin will make off with the majority of all the money that is dumped into Blockchain Rays, and thanks to the use of bitcoin for all activities, it’ll be pretty much impossible to recover any lost funds.
There isn’t any silver lining for Blockchain Rays, so your best bet is to let it die on its own without getting involved.
I sure hope that you have found my BlockChain Rays review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my BlockChain Rays review to have all the information for you.
If you decide to carry forward with BlockChain Rays, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.