BYI TV Review

BYI TV Review: Stolen Identity “Click a Button” Ponzi Scheme

Overview

BYI TV, also known as Beyond, has surfaced as a dubious entity in the world of online investment opportunities, marked by its lack of transparency and questionable practices. With no ownership or executive information readily available on its website, potential investors should proceed with extreme caution.

Company Details

BYI TV operates under two known domain names:

byi-tv.vip – Registered with false details on September 26, 2024.
byi-tv.com – Registered with false details on October 3, 2024.

The dubious nature of these registrations has attracted the scrutiny of financial regulators. The Central Bank of Russia issued a warning about BYI TV’s pyramid scheme operations on October 7, 2024. This regulatory action underscores the importance of vetting any MLM company that lacks clear ownership and operational transparency.

BYI TV’s Product Offering

One significant red flag for any potential investor is the absence of real products or services. BYI TV does not offer anything tangible; instead, affiliates can only market BYI TV affiliate membership itself. This lack of legitimate products is a hallmark of pyramid schemes, where the focus is primarily on recruitment rather than providing value to customers.

Compensation Plan

BYI TV’s compensation plan is heavily centered around investments in Tether (USDT), with promises of daily returns that raise eyebrows due to their apparent sustainability issues. The investment tiers and returns are as follows:

1-Star: Invest 20 USDT and receive 1.3 USDT daily.
2-Star: Invest 70 USDT and receive 4.55 USDT daily.
3-Star: Invest 200 USDT and receive 13.20 USDT daily.
4-Star: Invest 500 USDT and receive 33 USDT daily.
5-Star: Invest 1000 USDT and receive 67 USDT daily.
6-Star: Invest 3000 USDT and receive 202.5 USDT daily.
7-Star: Invest 6000 USDT and receive 408 USDT daily.

Additionally, BYI TV offers referral commissions based on a unilevel recruitment structure, allowing affiliates to earn from the investments made by their recruits:

Level 1: 10% (for personally recruited affiliates)
Level 2: 5%
Level 3: 3%

While the prospect of earning money may seem enticing, such returns are not sustainable and typically depend on the constant influx of new investments, which is characteristic of Ponzi schemes.

Joining BYI TV

Affiliates can join BYI TV for free; however, to fully participate in the income opportunity, a minimum investment of 20 USDT is required. This low barrier to entry can lure in unsuspecting individuals eager to make easy money.

Conclusion

In conclusion, BYI TV represents a classic example of a “click a button” Ponzi scheme. By misappropriating the name and branding of Beyond Productions, a legitimate Australian film and television production company, BYI TV attempts to lend credibility to its dubious operations.

The company promotes a deceptive scheme that involves affiliates clicking a button in an app, purportedly to generate revenue through “film scoring.” However, this notion is baseless; clicking a button contributes nothing to any real business activity. Instead, BYI TV recycles new investments to pay earlier investors, which is the essence of a Ponzi scheme.

As part of a broader trend of “click a button” app scams that emerged in late 2021, BYI TV highlights the critical need for due diligence before investing in any online opportunity. Always be wary of companies that lack transparency, legitimate products, and clear operational guidelines. Your financial safety should always come first.