What Is BAASCorp – Make Big Money Or All Hype?
In this brief blog post we’ll discuss What Is BAASCorp and can you make money with this platform. If you’re looking for a brief review of the history, products, and compensation structure offered by BAASCorp, you’ve come to the right place.
BAASCorp is one of the latest entrants to the cryptocurrency MLM niche. In this review, we’ll investigate whether this company is worth your time and effort. Has anyone recently approached you with a passive income opportunity that offers daily returns exceeding 4%? With claims like that, it’s good that you’re here researching the company.
What Is BAASCorp – Company Review
Their website offers zero information on who is managing or operating the company, zero information regarding the executive management of the company, zero, absolutely nothing. The domain ‘baascorp.com’ appears to have been registered on November 15, 2019.
This website was last updated on December 2, 2019. It claims to be Japan’s leading Blockchain investment platform. While the website does contain an address, I strongly feel that it’s a fake one.
I went through their Alexa traffic stats. While they’re not entirely accurate, they do give you a general indication of their traffic. The data reveals that 21% of their traffic is from the US, 8% from Vietnam, and 7% from Canada. When companies provide no information regarding the people behind them, that’s a huge red flag you cannot ignore.
BAASCorp Products
The company has not provided much information regarding the services or products it offers. Here’s the official description of the company’s services/products on the website.
“BAASCorp blockchain applications are purpose-built and ready to use so you can improve business processes all across the value chain. Using BAASCorp’s blockchain applications, you can improve and verify product quality, speed product delivery, execute contracts easily, and improve customer satisfaction.”
It’s a vague statement that provides no meaningful information regarding the company’s actual activities. When I researched them a bit more, I realized that they weren’t selling any services or products to customers. They only allow you to invest in the company and join their affiliate program. People can refer others to the company, encourage them to make investments, and pocket commissions based on these investments. Let’s look at BAASCorp’s compensation plan now.
BAASCorp Compensation Plan
A BAASCorp affiliate can invest Bitcoin in the company, which has promised to pay out the following advertised returns:
- Basic: Invest $50 – $500 to earn 2% per day for 150 days.
- Standard: Invest $1000 – $5000 to earn 3% per day for 100 days.
- Premium: Invest $10000 – $50000 to earn 4% per day for 100 days. Returns can be withdrawn on all working days.
Referral Commissions
BAASCorp pays out referral commissions based on a uni-level compensation plan structure. Uni-level compensation plans have the affiliate seated at the apex of a uni-level team. Every affiliate they’ve personally sponsored into the company from the first level (Level 1).
When Level 1 affiliates bring in new affiliates, they form the uni-level team’s second level (Level 2). When Level 2 affiliates bring in new affiliates, they form the uni-level team’s third level (Level 3). This can be carried on for a total of 7 levels, after which the team gets capped. Below is the percentage of commission you can make on your downline’s total invested funds:
- Level 1 (Affiliates personally sponsored by you) – A commission of 15% if you’ve sponsored over ten affiliates and 10% if otherwise.
- Level 2 – A commission of 7%.
- Level 3 – A commission of 5%
- Level 4 – A commission of 4%
- Level 5 – A commission of 3%
- Level 6 – A commission of 2%
- Level 7 – A commission of 1%
Squad Income
This is the monthly bonus you get for your affiliate sponsoring efforts and is valid for 6 levels:
- A downline of at least 100 affiliates earns you a monthly bonus of $100.
- If you have a downline of at least 200 affiliates, it earns you a monthly bonus of $250.
- A downline of at least 300 affiliates earns you a monthly bonus of $500.
- Your downline of at least 500 affiliates earns you a monthly bonus of $1000.
- A downline of at least 1000 affiliates earns you a monthly bonus of $3000.
- A downline of at least 1500 affiliates earns you a monthly bonus of $5000.
- A downline of at least 2500 affiliates earns you a monthly bonus of $10,000.
Note that the squad income only counts affiliates in the first six uni-level team levels. These payments tend to be made for 12 months at every tier.
Cost of Joining BAASCorp
You don’t need to pay anything to get their affiliate membership. However, you need to invest a minimum of $50 to start taking advantage of their investment opportunities. All withdrawals and deposits are made in BTC.
Update November 2020
I have said this hundreds of times before: Ponzi schemes and Pyramid schemes never last, and those involved, except for the dishonest few at the top, lose all of their money. The BAASCorp website has been removed. None of the URLs work. What you now see is the following image:
It’s no surprise that many of these cryptocurrency multi-level marketing platforms are set up for one reason: to steal as much money as possible as quickly as possible, and then they completely disappear.
Final Verdict – Is BAASCorp A Scam?
Is BAASCorp a scam, then? Let’s examine the facts. There is no transparency regarding who manages this company, and nobody has any clue about who owns it. What can you do if something goes wrong? Next, they don’t sell any services or products. The FTC considers all such companies to be pyramid schemes.
Additionally, they’re promising ridiculously high returns on investment. Since their website users are mostly in Canada and the US, you’d think they’re registered with the CSI and/or SEC, right? Nope, not at all. What does that tell us? Nothing good.
Is BAASCorp A Pyramid Or A Ponzi?
This is a pyramid scheme, no doubt about it. As far as I can tell, this company has only one verified income stream: paying existing members using the investments made by new members. In that case, it would also make BAASCorp a Ponzi scheme. Now we know why the management was anonymous.
After the owners have made a killing in investments, they’ll simply stop everything and vanish overnight. It’s a waste of time and resources. Just stay away from it; that’s my recommendation. BAASCorp is similar to other scam programs I’ve reviewed on this blog such as:
Warning: The RED Flags of Schemes and Scams Online
These are some of the red flags to watch out for with multi-level marketing companies like BAASCorp. There are many scams online, and you need to know what to look for to save your hard-earned money and valuable time.
- 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 substances. That is why they hide behind a payment. If their information is so good, should they not prove it by giving you a taste?
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 is charging hundreds, even thousands of dollars for their products, 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 the website is HYPE or promises of a HUGE ROI (return on investment), 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
BAASCorp has no Trustpilot rating, which is bad for the consumer! Trustpilot is where you should get genuine consumer reviews about products/services you plan on buying. 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.
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” 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 like this like a plague.
6. Companies Without an Easy Way to Contact Them
They hide behind something if you don’t have a direct way to contact the company to answer questions about their program. 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 “Information” Only
If they provide you with “ideas” about creating a business without offering you all the tools, services, and ongoing support you need to succeed online, you will have a tough time succeeding. Many companies charge hundreds of dollars for their information and then inform you that to be successful, you must purchase additional tools to use the techniques taught.
When you look at the evidence, cryptocurrency multi-level marketing platforms like BAASCorp should be avoided at all costs! These are the types of platforms that have been set up for the sole purplse of scamming unsuspecting consumers out of their hard-earned money!
However, there is a better way to build a sustainable, profitable online business. There is a platform used by thousands of successful online marketers who have learned how to turn their yearly income into their monthly income! Introducing Wealthy Affiliate, The Industry Leader in the Online Business Space…
- Wealthy Affiliate (or WA for short) 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 clear 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.
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- Getting Started Training, 10 Full Video Lessons
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- Communication Directly with Kyle & Carson (the founders)
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(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 in 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 make 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 ever 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; 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 “Information” Only.
Many things are required to build a successful business online, 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 at any membership level, equipping you to create, grow, and manage a business at 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.
However, there’s one issue I need to address. You’re reading this post because you’re trying to find a way to make money online. The problem is this: SCAM programs like Diamond Capital saturate the internet. These scammers take advantage of people they know are either too lazy or too reluctant to do the work necessary to create a five, six, or seven-figure income.
Here is an indisputable fact: If you want to make a life-changing income, the kind of income that can provide you with a dynamic life filled with wonderful choices, you are going to have to learn how to leverage the power of the internet.
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Talk Soon,
Howard
