More and more people are getting into crypto each day. There are so many things happening in the blockchain. I don’t really know exactly what is going on at any given moment. But there are a lot of people who might want to put money into the blockchain or the metaverse. A friend of theirs probably got them interested in it. But there’s only so much a person can learn about crypto and the blockchain. And somehow, unsurprisingly, a lot of people have thought about trying to get people to put money into their service promising gains with regards to crypto.
There isn’t a lot of information available about who founded BitLocity. I’m aware that they were founded around late 2020. But there aren’t any information about its founders. I’ve looked at other reviews made about this service. And they don’t even know what the corporate structure for this looks like. A bunch of people must be in charge of this, right? Why aren’t they front and center?
In the reviews that I made about PGI Global and Hyperfund, there were at least some information about the people who founded those companies. PGI Global had RV Palafox, Hyperfund had Ryan Xu. Both of the founders had left those companies once the money was running out, or at least once multiple securities fraud notices were put up against those companies.
I still don’t know exactly what BitLocity does. In its website, it describes itself as a platform meant to educate people about the blockchain the blockchain. But it also has a rewards program. Wait a minute… A rewards program? Why exactly would an educational platform need a rewards program? There’s so many questions that I have and only a few of them were answered on its homepage.
BitLocity requires you to pay an annual fee of $25 in order to make use of whatever the fuck they offer. When websites offer memberships fees, they usually list down all the benefits of the thing you’re going to pay for. BitLocity doesn’t have that. When you click on the “Buy Now” button, you get redirected to the log in page. I guess that makes sense? You have to sign up first before you can make use of a subscription. A subscription does need an account to bind itself to. The weird thing when you sign up, though, is that it requires you to input the name sponsor in order to actually sign up.
If you somehow found the BitLocity website on your own, you probably don’t have a sponsor to put into the sign up sheet. So you’re basically out of luck at this point. Why would a subscription service need you to include a sponsor anyway? And where would you even get one? The whole structure of BitLocity just got a lot more confusing.
I’ve tried to understand how the entire service works. But nothing seems to make it easier to understand. So you pay an annual fee of $25 to join, but you need sponsor in order to sign up. Somewhere along the line you might get money out of it. Why you would earn money for recruiting people to join the platform. Then after that there are different tiers to the platform? One of them costs $100,000? What kind of educational platform is this? Did I mention that you have to pay $25 in Bitcoin? Well, yeah. All of the prices are paid in Bitcoin.
The whole structure for BitLocity is too convoluted, even for most MLMs. At least with Q Sciences, you don’t even really need a sponsor to join. You can just buy the items yourself. I guess this why I don’t really understand crypto. There are just so many steps involved before you actually get to put money into crypto. And you’re going to put A LOT of money into crypto to make it worthwhile, I guess. But a lot of cryptocurrencies do go into the red like the stock market does.
It probably isn’t a surprise when I say that I do not recommend BitLocity to anybody. The whole thing is just a mess. There are a lot of free websites that teach you the basics if you really want to gett into crypto. And they’re a lot more accessible than BitLocity’s website. BitLocity just feels like a scam. And it is, actually. Recruitment for it has gone down a few months ago. And they somehow introduced their own cryptocurrency. I just don’t get it.