Community Cautions About Crypto MLM Omega Group and Its BitBonds Rewards Points
Omega Group is allegedly based out of Kiev, Ukraine and run by Bartosz Nafalski.
The platform has an affiliate program and offers the members the opportunity to invest in what is called “BitBonds,” which it claims have a guaranteed rate of return. Members have the opportunity invest anywhere from 50 to 200,000 EUR and returns are paid out daily. Upon receiving the return on investment in BitBond form, members can request that it be converted into Bitcoin through the platform’s back office.
Those who visit the BitBond website will find that the platform describes its token as,
“Germany’s first security token and makes business lending globally accessible. The target return is 8%. The results form a fixed 4% p.a. interest coupon and a high 60% profit participation. The BBI token is a superior investment because the return is significantly higher than with other fixed income investments.”
Overall, the investment opportunity seems to be a questionable one. Existing members may be receiving returns, but based on how the model is structured, there may not be one for new members who join as well.