20K BTC provide no information on their website about who owns or runs the business. Further research reveals marketing material citing Avalon wiki bitcoin video D Raymond named as the owner of 20K BTC. Now here’s where things get strange.
A visit to the Texas State Bar confirms Richard Raymond is a practicing attorney. In 2009 Raymond was even campaigning to be the next Fort Country District Attorney. So we appear to have a bona fide lawyer running an MLM bitcoin opportunity. Read on for a full review of the 20K BTC MLM opportunity. 20K BTC Products 20K BTC has no retailable products or services, with affiliates only able to market 20K BTC affiliate membership itself.
Commissions are paid when they recruit others who do the same. 20K BTC pay affiliates to recruit new affiliates via a binary compensation structure. The first level of the binary team houses two positions. Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level. Positions in the binary team are filled via direct and indirect recruitment of affiliates.
Note there is no limit to how deep a binary team can grow. Affiliates are either directly or indirectly recruited into the binary team. All 20K BTC affiliates are capped on earning up to thirty matched recruitment commissions daily. Furthermore, 20kBTC does not give advice regarding any investment, security, tax or legal matter. While that much is true, 20K BTC then proceed to blatantly lie about their business model. No compensation is paid for enrolling new Affiliates. THERE IS NO GUARANTEE OF INCOME WHATSOEVER!
An Affiliate’s income is derived from personal membership sales and from the membership sales made by their left and right teams of Affiliates. As with all pyramid schemes, once 20K BTC affiliate recruitment slows down so too will the company-wide binary team. This will see commissions grind to a halt, before eventually stalling altogether. At the top of the 20K BTC company-wide binary teams sits Richard Raymond.