Is QubitTech A Scam Or Big Money Opportunity?
You are here because you want to know
Don’t Believe The Hype
QuibitTech is run by Greg Limon, an expert in the field of Security Token Offering. Limon and the co-founder of the Toronto-based DigiMax Global, along with other “independent experts” run QubitTech
Yes – you read that right. A 250% return on investment! The website’s address says its office is located in Estonia; however, this seems to be a virtual address, as the same address has been linked with other businesses. Right from the start, this company is looking really shady!
In fact, reports have it that Limon is based in London, Moscow, and Toronto. This throws a shadow of doubt on the legitimacy of this company. Unfortunately, I’ve seen this type of setup all too often when reviewing cryptocurrency multi-level marketing platforms. Let us find out more by highlighting the products and features they offer.
Is QubitTech A Scam and Are Any Products Offered
The company offers no retail products or services. When a company offers no retain products or services apart from signing up as an affiliate, that’s a HUGE warning sign that the company probably is NOT legit. One can only join the platform by becoming an affiliate, investing in one of their packages, and participating in their income structure and promotion of new members.
Initial membership is free though one has to invest at least $100 to $100,000. They promise a 250% ROI. One can also earn on the platform by inviting four affiliates within the first week of signing up. It is important to note, QubitTech only accepts investments in bitcoin and Ethereum. Honestly, if these guys can produce a 250% return on investment, then why on earth do they need your money?
What Are The Investment Packages?
The investment packages are as follows:
- Bronze – $100
- Bronze+ – $500
- Silver – $1000
- Silver+ – $5000
- Gold – $10,000
- Gold+ – $25,000
- Platinum – $50,000
- Platinum+ – $100,000
QubitTech Affiliate Ranks
There are ten different ranks in this compensation plan. To move up the ranks and earn more, investors will have to invest higher amounts and recruit a high number of affiliates. These ranks are as follows:
- Rank 1 – earn $1000 by recruiting affiliates
- If you’re in Rank 2 – you earn $2500 by recruiting affiliates
- Rank 3 – earn $5000 by recruiting affiliates
- Earn $10,000 by recruiting affiliates in Rank 4
- Rank 5 – earn $25,000 by recruiting affiliates
- Earn $50,000 by recruiting affiliates in Rank 6
- Rank 7 – earn $100,000 by recruiting affiliates
- If you’re in Rank 8 – you earn $200,000 by recruiting affiliates
- Rank 9 – earn $250,000 by recruiting affiliates
- Rank 10 – earn $300,000 by recruiting affiliates
Referral Commissions
QubitTech pays referral commissions via a uni-level compensation structure.This structure, like most Ponzi schemes, places an affiliate at the top of a team, and every person recruited by them is placed underneath them. This is level 1.
Whenever this affiliate recruits new members, the new members are placed on level 2 of the affiliate’s team. Consequently, if any of the level 2 affiliates recruits new members, they are placed on level 3, and the cycle goes on to infinity.
QubitTech caps their unilevel at 4 in total. Referral commissions are paid out as a percentage of funds invested across these four levels based on how much an affiliate themselves has invested:
- Bronze and Bronze+ affiliates receive 6% on level 1 (personally recruited affiliates) and 2% on level 2
- Silver and Silver+ affiliates receive 6% on level 1 and 3% on level 2
- Gold and Gold+ affiliates receive 7% on level 1, 3% on level 2, and 1% on level 3
- Platinum and Platinum+ affiliates receive 8% on level 1, 4% on level 2, 2% on level 3 and 1% on level 4
Residual Commissions
QubitTech pays residual commissions via a binary compensation structure. A binary compensation or bonus is formed by the results of the two branches in the binary. The commissions are fixed for each pair from $100 in the left and right branches, and they are credited daily.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note that there is no limit to how deep a binary team can grow; it is infinite. At the end of each day, QubitTech tallies up new investment volume on both sides of the binary team. The percentage of these commissions depends on the denomination of active license, and it ranges from 8% to 12%, as shown below:
- Bronze and Bronze+ affiliates receive an 8% residual commission rate
- Silver and Silver+ affiliates receive a 9% residual commission rate
- Gold and Gold+ affiliates receive a 10% residual commission rate
- Platinum and Platinum+ affiliates receive a 12% residual commission rate
Matching Bonus
QubitTech pays a Matching Bonus on residual commissions earned by active downlines. The Matching Bonus is paid between 10% to 20% via the same uni-level compensation structures that referral commissions are paid with. Each rank begins with a number: Rank 1 affiliates, Rank 2 affiliates, Rank 3 affiliates, and so on, up to level 10.
Free Investment Positions
Every affiliate who is able to recruit four new affiliates within the first fifteen days of signing up qualifies for a free investment position.The actual investment position (referred to as a “margin contract”) amount rewarded is “equal to the minimum investment package of (recruited) partners.” QubitTech’s compensation material states, “margin contracts work until profit is 250% of the initial value.”
Is QubitTech A Scam – Conclusion
By The way, look under Marc Swickle’s name…he’s the “Chieve Marketing Officer”. Shouldn’t that say “Chief Marketing Officer”? These people can’t even spell “Chief” correctly. Why on earth would I invest my hard-earned money with some unknown people who can’t spell? That may seem insignificant, but it’s not. It shows that this is not a company you want to invest in.
All The Signs Of A Ponzi Scheme
QubitTech solely depends on reinvestment and payments of new members to sustain the platform. This is a sign that it is most likely a Ponzi scheme because it employs a system whereby one has to keep bringing people and constantly upgrading their level to earn commissions. QubitTech uses a uni-level and binary business model that allows it to shuffle funds between new members and already existing affiliates. It creates an illusion of earning by placing an affiliate high up above others that are personally recruited by the affiliate. Also, when you see slick-looking sales pages (even with spelling errors), the illusion is created that the company is rock-solid financially.
Don’t fall for the mind games! These types of scammers go for the emotional response where they appeal to “how you feel” about a so-called business opportunity rather than making a decision based on solid facts. This company is bound to crash with this kind of practice of taking money from many unsuspecting victims to give to a few greedy scammers.
Although QubitTech mentions no particular tools or software it uses to trade crypto they expect people to register and become affiliates. They are not based in Estonia as it says on the website and is not registered with any financial regulator. These reasons are enough to deter one from falling prey to this Ponzi scheme. It is very risky and anyone investing their hard-earned money will probably lose it! QuibitTech is similar to other cryptocurrencies/bitcoin scams I’ve reviewed on this blog such as:
Warning: The RED Flags of Multi-Level Marketing Schemes and Scams Online
It would be best to watch out for these things with multi-level marketing companies, as they are red flags you should not ignore. Taking note of these eight signs can save you considerable time and money.
- The Company Does NOT Offer a FREE Trial
This is a big one to look out for. Most information products are worthless, and if you could jump directly into those products and “try them out” before investing in them, you would never invest in low-quality garbage. That is why they hide behind a payment. If their information is so good, should they not prove it by allowing you to access what they offer?
2. Companies That Don’t Clearly Outline Pricing
If you go to a sales page for a product and they don’t disclose the price clearly, you will likely get “duped.” Any legitimate company will offer clarity on pricing and have a pricing page on their website. MANY companies in this industry HIDE their pricing; it is unethical, and it will almost certainly scam you. Also, if the company charges hundreds or even thousands of dollars for their products or for joining their business “opportunity,” it should be of concern.
3. MLM Companies That Use Video Sales Pages / Squeeze Pages
If you visit a “sales page” and the only thing you see on it is exaggerated promises of quick money, this will almost certainly be an expensive, overpriced scam. This marketing tactic is used to HIDE pricing and hide the product itself. They typically ask for your email or a small payment, and then you will be put through an extensive and expensive sales funnel.
4. Companies That Don’t Have a High Trustpilot Rating
Qubittech has a POOR Trustpilot rating of 2.5. Trustpilot is where you should get genuine consumer reviews about products/services you plan on buying. However, a word of caution: sometimes good reviews don’t tell the whole story about whether a company is REALLY legit. It’s good to read the individual comments to see what others say about their experiences with a particular company. Nonetheless, if a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, you may not want to get involved with the company at all. Consider companies, businesses, and platforms with GREAT Trustpilot ratings and minimize the prospect of getting scammed and losing hundreds, if not thousands, of dollars.
If a company doesn’t exist on this website or has a rating lower than 4.5 out of 5 stars, you may want to seriously reconsider joining. There are going to be better programs and services available without the financial risk.
5. Multi-Level Marketing Companies That Sell “Riches” Without Telling You the Process
If you are being pushed by the idea that you are going to be “rich” or that you’ll be able to “make money in a short period ” without telling you what you will be doing to earn this money (in a specific way), then they are selling the “sizzle”…and chances are there is no “steak” after you make your purchase. Avoid programs these types of programs like the plague.
6. Companies Without an Easy Way to Contact Them
If you don’t have a direct way to contact the company to answer questions about their program, they are hiding behind something. That is the first clue, and I recommend you test it. If the company has an email address, email it. If you don’t get a response within 48 hours at most, then that is probably the sort of help you can expect in the future.
7. Companies That Don’t Offer Direct Access/Communication with the Owners
Who owns the product? Can you get help and communicate with them directly? If NOT, then this program is more than likely in the business of taking your money. CEOs in the opportunity world who are unwilling to communicate with their customers directly have a “too good for you” mentality, which should be avoided.
8. Companies That Are Just “Information”
If they provide you with “ideas” about how you could create a business without offering you all the tools, services, and levels of ongoing support you need to succeed online, you will have a tough time succeeding. Many companies charge you for their information and then tell you that you need to purchase all sorts of stuff to use the techniques taught.
When you look at the above eight points discussed, cryptocurrency multi-level marketing platforms like Qubittech are not business opportunities you want to get involved with!
As you can conclude from the above information, multi-level marketing companies are not all what they claim to be. Too often, people put their hope and trust in someone else making money for them instead of learning how to leverage the power of the internet with their own online presence. People look for others to rescue them financially when, in reality, YOU have to come to your financial rescue!
However, there is a BETTER OPTION to create your own online business. There is a platform available that will teach you step by step how to build your own online business, an ethical platform whose primary focus is to help everyday people learn how to make money online, a platform where you can immediately have access to individuals who are highly successful with their online businesses.Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…
Wealthy Affiliate is the SAME platform I’ve used to create the blog you are reading right now! Wealthy Affiliate is the best place to start if you are a beginner and need to learn about online marketing! There is total transparency – nothing is hidden, and no shenanigans exist! Everything you need is outlined step-by-step with easy-to-follow video tutorials.
- WA Offers a Free Trial
- WA Offers Clear Pricing
- WA Offers a comprehensive website
- WA has a High Trustpilot Rating
- WA is not a get-rich-quick scheme
- WA offers a straightforward way to contact the company
- You can contact Kyle & Carson directly
- WA offers tools and support
(1) Companies That Don’t Offer a Free Trial.
This is one of the key reasons I want to introduce you to Wealthy Affiliate. You can get a “test drive” to Wealthy Affiliate, but that doesn’t end, and there is NO credit card requirement. This is their Starter membership, including more than any paid product I have seen in this industry. Here are a few things you get with the COMPLETELY FREE Starter membership.
- One Free Profit-Ready Website (Hosting Included)
- Getting Started Training, 10 Full Video Lessons
- 7 Days of Full Mentorship & Expert Help
- Communication Directly with Kyle & Carson (the founders)
- Keyword and Market Research Tools
- The Affiliate Opportunity Platform
- Ability to Network with Millions of Fellow Entrepreneurs
- 100’s of training resources
- And Much More!
(2) Companies That Dont’ Clearly Outline Pricing.
Wealthy Affiliate’s pricing page clearly outlines three available memberships: a Starter membership (FREE), a Premium ($49/month), or a Premium Plus+ ($99/month). There are no upsells, and nothing more complex than this. You are not obligated to upgrade, but if you do decide to, you can run a million-dollar online business utilizing the platform and tools that Wealthy Affiliate offers.
(3) Companies That Use Video Sales Pages / Squeeze Pages.
Wealthy Affiliate offers a comprehensive website where you can learn more about the exact process of building an online business and all of the platforms, technology, and services involved that are offered to you as a member; this includes a thorough outline of WA’s education, hosting, website, domains, community, and success elements.
(4) Companies That Don’t Have a High TrustPilot Rating.
WealthyAffiliate.com has a 4.8 STAR rating on TrustPilot. The owners personally get back to every comment, and this leads to the industry. It is tough to achieve a rating like this in any industry, let alone the make-money-online niche.
(5) Companies That Sell “Riches”.
One thing you will not hear from Wealthy Affiliate in their training or marketing is “get rich quick.” The reality is that to build a business, you first have to build a solid foundation and understand it. Wealthy Affiliate provides you with the tools, training, and platform you need to create a business of any size online (even million-dollar websites). Still, it would be best if you were realistic about the process. It will take some hard work and dedication.
(6) Companies Without an Easy Way to Contact Them.
You can contact Wealthy Affiliate directly from their website without being a member. They have a contact form, and the owners freely share their email addresses if you need to contact them or have any questions. They are kyle@wealthyaffiliate.com and carson@wealthyaffiliate.com. Feel free to reach them directly if you have questions, and of course, as a member, you will have access to them within the community. Which leads me to…
(7) Companies That Don’t Offer Direct Access/Communication with the Owners.
Wealthy Affiliate is the most transparent company in the space and offers you access to Kyle and Carson, the founders, directly within the community. If you want help from them directly, ask. You can even access them for their help and mentorship within the first seven days of the Starter membership…so without paying a dime, you can access both owners directly!
(8) Companies That Are Just “Information”.
Many things are required to build a successful online business, and Wealthy Affiliate includes all of them. To build an online business, you need a website, top-tier hosting, marketing and research tools, ongoing education of the latest marketing strategies, writing tools/platforms, and a way to find the TOP opportunities online. Not to mention support, mentorship, and expertise. These are ALL things that Wealthy Affiliate provides you with any membership level, equipping you to create, grow, and manage a business of any level online.
No other company in the industry offers a free “test drive,” as they likely don’t have the confidence that someone would purchase a trial. WA gives you access to its platforms, websites, hosting, research tools, community, and support within the free membership…so there is ZERO risk, and you can decide if you ever want to purchase a premium membership.
You Are Going To Have To Participate In Your Own Financial Rescue
The reason why so-called programs like QubitTech appeal to people is because apparently you just pay other people to invest money for you while you sit back and do nothing. People want to make money without having to work for it. Too many people have the wrong idea that the internet is some mysterious ATM you can manipulate whenever you need money.
Scammers are aware of this and that’s why SCAMS proliferate the internet. What many fail to realize is scammers are aware of human psychology. They know that they can shut down one scam website, start another one and continue to steal money from consumers because people are LAZY by nature.
Scammers realize that basically what appeals to people are so-called businesses where all you have to do is invest money, sit back and get a return on your investment without lifting a finger yourself.
Scammers Appeal To Your Emotions
All scammers have to do is appeal to your emotions to have you racing for your credit card! Scammers are masters in triggering emotions. Getting people to buy simply on emotion is not how making ethical, honest money online works. Wealth is created online by genuinely solving people’s problems, not by manipulation.
I’m here to tell you that if you want to create a life-changing income for yourself and your family, you’re going to have to participate in your own financial rescue. There are no websites that get you a ridiculous ROI for little to no work. What people don’t realize is these so-called done-for-you systems that unsuspecting consumers buy into are frowned upon by all the search engines and cannot produce a profit.
The only way to create wealth from the internet is by creating your OWN business from YOUR OWN ideas. You’re going to have to partner with a LEGIT online platform and learn how to make money online for yourself the correct way. In other words, you’re going to have to do the work necessary to build a six or seven-figure online business.
The platform that I use and recommend has made it as easy as possible to learn how to make money online. If you REALLY want to make a life-changing income, then YOU are going to have to participate in YOUR OWN financial rescue. Click on the link below and you’ll be introduced to the very same platform that has helped tens of thousands of persons build a substantial income.
Hi, Howard,
It is a shame that unscrupulous companies do this. Many of us dream of leaving our full-time jobs or at least, make some extra cash online, but there are so many options that it becomes an overwhelming task.
I’ve come across articles regarding cryptocurrencies, but I’m still hesitant to give them a try. I’ve had my share of bad experiences, not exactly with cryptocurrency, but one becomes more cautious after failed attempts.
I’ll keep an eye out for this company. Looking forward to learning more about other companies. Who knows? I might finally try this out.
Thanks for sharing.
Great comments, Enrique!
Like you, I’m a little leary when it comes to investing in cryptocurrencies.
The best advice is to really do your research on a crypto platform or investment opportunity.
One of the best websites I’ve found that also reviews cryptocurrency platforms is Behind MLM.
Just type the name of the crypto company name in the search box and read the results.
You can also continue to check my blog as I update it every week in order to try to keep up with the number of SCAMS that prey upon the unsuspecting.
Thank You for taking the time to read this post!
Talk Soon,
Howard
Great review! I’m really thankful for you to write such a detailed article to explain why QubitTech has a high possibility to be a scam with a Ponzi Scheme. When I first seeing their website, I almost lured with their lucrative system and nice website design. Turns out that we need to be skeptic and search for independent online review before buying any online products like this. Thank you for explanation here.
You are more than welcome, Alblue!
I’m glad I could provide value to you AND save you some money as well!
Thank You for taking the time to read this post!
Talk Soon,
Howard