Leaderbit Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Leaderbit has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell Leaderbit in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Leaderbit.
I wanted to gather all the information about Leaderbit in my Leaderbit Review in order for you to make a decision about joining Leaderbit.
Is Leaderbit legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Leaderbit.
Read on to find out what you need to know.
What The Heck Is Leaderbit?
Right off the bat, LeaderBit makes an incredibly poor first impression with its official website. Nowhere on the site is there any mention of who founded LeaderBit, who’s running things on a day-to-day basis, when it was founded, etc.
The domain name for the website (leaderbit.biz) was first registered earlier this year on July 17, and a few days later on July 21, it was incorporated within the United Kingdom.
A UK address is obviously used for this incorporation, but upon further looking into it, I discovered that it truthfully belongs to a company by the name of Corporation House.
Corporation House sells virtual office spaces to businesses outside of the United Kingdom, so it’s safe to say that LeaderBit isn’t physically in the UK at all.
Along with this, the incorporation also lists Eddy Smith as the sole Director for LeaderBit. Smith is tied to that same virtual address, and because of this, my guess is that the Eddy Smith being described here doesn’t actually exist and is simply being used for the namesake just like the UK.
What Are The Leaderbit Products?
Product lines often serve as the backbone for legit MLM companies, but LeaderBit appears to not have gotten this memo.
Nothing is being sold or marketed to retail customers, and as a result of this, there aren’t any retail sales to speak of.
Affiliates for LeaderBit only have the affiliate membership to market and sell to folks that are interested in it, and upon deciding to join, you’ll be given the opportunity to invest money for a daily ROI.
What About The Compensation Plan For Leaderbit?
LeaderBit offers three main investment plans to choose from, and they work out as follows:
- Stable Plan — With this first plan, affiliates can invest anywhere between 0.005 BTC and 5 BTC in order to earn a 12% ROI that’s paid on the daily for 12 days (coming out to a total ROI of 144%).
- Extended Plan — The next level up from the Stable Plan is the Extended Plan, and with this, affiliates can invest between 5.001 BTC and 20 BTC. By doing this, a 12.5% ROI is paid out every day for 12 days for a final ROI of 150%.
- Maximum Plan — Lastly with the Maximum Plan, affiliates can invest between 20 BTC and as much as 200 BTC. With this investment, affiliates will earn a 13% daily ROI for 12 days for a total ROI payment of 156%.
Supplementing the daily ROI are residual commissions.
Residual commissions within LeaderBit are paid to members via unilevel system, with a certain percentage being paid based on which level of your downline you’re recruiting someone into.
Level one recruits pay 7%, level two pays 2%, and level three recruitments will secure you with a 1% commission.
What’s The Cost Of Joining Leaderbit?
The LeaderBit membership is free to start out with, but if you’d like to have access to the daily ROI that’s being offered, you’ll need to pony over between 0.005 BTC and 200 BTC.
So, Is There A Leaderbit Scam Going On?
Have you been hearing rumours that Leaderbit is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a Leaderbit scam going on?
If I am being perfectly honest, Leaderbit isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My Leaderbit Review And Conclusion!
Speaking of that daily ROI, that’s where the main problem lies with LeaderBit. The company doesn’t say where it’s getting the money to fund these payments, and with no other money evidently makings its way into the company, it becomes quite clear that LeaderBit is simply suing new affiliate investments to pay ROIs owed to existing members.
With this sort of activity, LeaderBit turns into a Ponzi scheme.
A setup like this means that LeaderBit will only be around as long as it has people regularly joining and investing money, but the second that activity dies down, the company will be in big trouble.
Most affiliate will be left to eventually lose out while the anonymous admin earns the lion’s share of what’s invested, and this is a story we’ve seen a hundred times before.
Unless you’re a fan of throwing your money down the drain, my advice is to avoid LeaderBit and look elsewhere for something more substantial and legal.
I really hope you have gained value from my Leaderbit Review.
I wanted to make sure you had all the information you needed, because most other Leaderbit reviews are just trying to sell you something.
If you really do decide to join Leaderbit, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!