BlockChain Rays has been making a lot of buzz on the social media and throughout the internet. It is no doubt attracting the attention of people that would love to make money online and perhaps it has attracted yours too and you want to find out if it is a scam or legit. Well, you have come to the right place and I will do my best to point the right direction for you.
However, I wish to state that I am not an affiliate in any way to this scheme and therefore will be doing my review of it objectively. I have gathered all the important informing in my BlockChain Rays review, so sit back, relax and read on.
What is BlockChain Rays all about?
Every time that I review a website I usually look at the website’s background information because that will tell you a lot about a website and the owner. It is important to know whom you are doing business with. Therefore, I did with BlockChain Rays but unfortunately, there is no information as to who runs or manages it, nothing, nada. There are times you will get to a website and not get enough background information but with the BlockChain Rays, it is completely void of any background info and this is not a good sign.
If you are running an online program or scheme you should be able to provide your prospective members with information about yourself so as to instill confidence in them but I guess that is not the case with many people because they still go ahead to do whatever it is the website is offering, but that has risks.
I tried finding out through the domain registration which shows that it was registered sometime in Dec. 2016 but the private nature of the registration does not reveal the owner as well, another brick wall. It traffic mainly comes from Nigeria with 49.5 percent, India with 33.8 percent, Indonesia with just 2.6 percent. This suggests that whoever that is running the website might be from any of these countries.
What is BockChain Rays Selling?
BlockChain Rays basically is not selling any product neither does it have one. All it has is the promotion of it; it is yet another MLM without a product but instead, participants promote and recruit new members to earn commissions. Coupled with the fact there is no back information about the website it is yet another red flag that the admin(s) has something to hide.
So, no product or services except becoming a member and pitching the scheme to others to join, just like crowd funding with a difference.
BlockChain Rays Compensation Plan
Members are told to participate and invest 5$ to 10,000$ worth of Bitcoin into the business to get a return on investment (ROI) worth of 30% of the value invested and it is payable in 5 days! Aside from the money the members make from the cash investment, they can also make money from referral commissions.
In BlockChain Rays, the referral commissions’ percentages are determined through a unilevel system, therefore the percentage of a commission depends on the level of the down lines.
- You get 10% paid from your level 1 referrals
- You get 5% paid from your level 2 referrals
- You get 4% paid from your level 3 referrals
- You get 3% paid from your level 4 referrals
- You get 2% paid from your level 5 referrals
- You get 1% paid from your level 6 referrals
- You get 0.5% paid from your level 7, 8, 9, and 10 referrals
How Much Does it Require to Participate in BlockChain Rays?
If you are really interested in becoming a member of BlockChain Rays, then it will require you to have $5 to $10,000 worth of Bitcoin in order to make money from it.
Is it a Scam?
To be honest, this is a Ponzi scheme and they tend not to last given the way those that are behind it chose to run it. Most often it crashes and the admin makes away with a lot of money because he is control of whatever donation that is made into the scheme. So, some people would open up a Ponzi scheme just to rip people off, so that after sometimes it collapse and the people that just joined will lose their money big.
There is no way to tell the intention of this admin especially, given the fact that they have refused to disclose their identity. Therefore, if you must join you have to count your loss just in case you lose your money otherwise, do not join.
I just stumbled on their website with and inscription that says ”Restarting system”. What this means is that they have to restart the system due to hackers have hacked into their system and as a result, many will lose their money.
See the screen shot below.
The question is, how can they create a website that is so vulnerable? What has happened to cloud hosting that will secure the website from hackers, or is it an ”inside hacking” that took place? Use your tongue and count your teeth.
BlockChain Rays is yet another Ponzi scheme that will crash in a matter of time. Even MMM that started way back is still struggling to evolve with strategies let alone new website like the BlockChain Rays.
If you are ready to try something else online that make money for you, then I urge you to join Wealthy Affiliate, where you are going to be taught all the rudiments of owning, building and running a successful online business. You can join for free to try things out, you will have access to 2 free websites and training on how to build and monetize them. But you must be ready to be committed in order to succeed.