Table of Contents
Introduction
The bitcoin market is where MetaProfit, an MLM company, excels. According to the company’s website, it is headquartered in Georgia.
CEO of MetaProfit is introduced as Arthur Dvali.
Dvali’s business biography for MetaProfit is quite imprecise;
Even though he didn’t finish college, like other innovative entrepreneurs like Mark Zuckerberg, Steve Jobs, and Elon Musk, Arthur Dvali has found success in the digital world.
Seven years ago, he began making a respectable living by trading major cryptocurrencies.
Since then, his interest in blockchain technology has increased, and he has been investing in and funding blockchain-related enterprises. When the metaverse was eventually developed, he saw its transformative potential and began doing research with his team.
Dvali reached a favorable conclusion, so he wanted to assist others to do the same by creating MetaProfit, an online platform that teaches users how to make money online using various technologies.
Two promotional films for the company feature Dvali. Both videos have him reading a really little script. The remainder of MetaProfit’s promotional movies is your standard stock footage production with a voiceover.
Apart from the company’s advertising and several blank social media accounts, Dvali does not seem to exist. Because of this, he is a leading contender for the position of CEO in Boris.
MetaProfit was the subject of a securities fraud notice from the Philippine SEC earlier this month.
Specifically, the company is “engaged in the selling of securities to the public,” as the notice puts it.
These securities must be properly registered under the Securities Regulatory Code (SRC), and the issuing company and/or its agents must be registered under the SRC in order to offer these securities.
According to the Commission’s database, METAPROFIT is not a registered company or partnership.
And it is NOT PERMITTED to go out and try to get money from the general population.
In a private transaction on December 12, 2021, the domain name “metaprofit. pro” was registered for use as the address of the company’s website.
Russians and Ukrainians are often behind Boris’s CEO scams. The value of their products is somewhat greater, however.
It was on “Carlo’s PC” in January, according to the official presentation.
Carlo Bismonte started restricting access to his social media accounts either before he released the company or after the Philippine SEC issued its warning.
Yet, his private Facebook page shows that Bismonte is located in the Philippines.
Bismonte’s proficiency in Hindi is shown here.
Bismonte enjoys drumming on YouTube when he isn’t creating multi-level marketing cryptocurrency scams.
Here is when we find out that Bismonte is fluent in Hindi.
At this time, it should be clear that Bismonte is the mastermind of MetaProfit. Yet in contrast to Georgia, the Philippines are in charge of MetaProfit’s operations.
Never join or provide any money to a multi-level marketing firm that isn’t completely transparent about who owns or runs the business.
Goods by MetaProfit
MetaProfit does not provide any services or goods for sale.
Affiliates may only promote affiliate membership in MetaProfit.
Incentives at MetaProfit
Associates of MetaProfit put anywhere from $20,000 to $40,000 into Binance coin (BNB). This is being done in exchange for a daily return of 1%.
By the end of the 30 days, the company will have returned 130% of your investment.
MLM participants in the company get a return on their BNB investments via the company’s multi-level marketing arm.
Commissions for referring new members to the company are paid out to the referring member alone, with no other levels of referrals required.
In a uni-level compensation plan, an affiliate sits atop a team consisting only of people they individually recruited.
All new affiliates recruited by a level 1 affiliate will join that affiliate’s uni-level team at level 2.
Affiliates on level 2 who bring in new members are promoted to level 3, and so on, perhaps indefinitely.
There is a limit of twenty in the company’s payable uni-level team levels.
Payments for referrals are distributed as a proportion of BNB invested across the first twenty tiers as shown below.
10% for level 1 (affiliates personally recruited)
0.5% for levels 2-20
There is no cost associated with being a company’s affiliate.
For the whole income potential linked, a minimum BNB investment of $20 is required.
It’s necessary to reinvest after 30 days if you want to keep making money.
The Bottom Line on MetaProfit
When it comes to smart contracts, MetaProfit is a straightforward Ponzi scam.
The smart contract that makes the company possible is uploaded to the Binance blockchain and operates automatically.
After 30 days, you invest BNB, watch as some of your BNB is taken by previous investors, and cross your fingers that more BNB will have been invested.
If Carlo Bismonte ignores the Philippine SEC’s warning and keeps running MetaProfit, he might face criminal charges. In this case, it’s either twenty-one years in jail or a fine of five million pesos ($95,436 USD).
The Philippines has criminalized the promotion of the company, thus its promoters might face charges as well.
When people stop investing in MLM Ponzi schemes to become affiliates, the system collapses.
This will ultimately lead to the demise of MetaProfit as the company is starved of ROI income.
Most people will lose money in a Ponzi scheme because of the way the numbers work out.
You may also like : Congent Trading Scam Analysis: Earning 3% per day on Bitcoin and Ethereum
