BlackFort Wallet Review- Scam

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On its website, BlackFort Wallet fails to disclose the company’s ownership and management. Instead, BlackFort Wallet claims to be incorporated in Estonia and the British Virgin Islands.   

BlackFort Wallet & Exchange is the trade name of BlackFort Tech Estonia OU, which was incorporated in the Republic of Estonia as BlackFort Tech Estonia OU and consists of the following sibling companies:    BlackFort, Inc. (BVI) is a component of the global OP infrastructure. It manages the design and conceptualization of the BXF token economy and its associated rights.   

It also facilitates potential growth in other jurisdictions.   

A few years ago, although it is less popular today, Estonia marketed itself as a blockchain paradise. This allowed fraudsters to use crypto-based schemes to get access to financial channels. This possibly relates to BlackFort Exchange in relation to BlackFort Wallet.   

BlackFort Wallet Services are offered by Blackfort Tech Estonia OÜ, which holds a Cryptocurrency Wallet and Exchange License with the number FVT000100.   

BlackFort Exchange is accessible via an app and acts as the online presence of BlackFort Wallet.   

The domain “blackfort.exchange” was registered for the first time in 2019. The registration of the private domain was last updated in July 2021. The BVI needs no introduction as a sanctuary for fraud. BlackFort Inc. is another shell corporation formed in the British Virgin Islands for illicit activities.

If an MLM firm is not transparent about who runs or owns it, you should always think twice before joining and/or contributing money.

BlackFort Wallet’s Merchandise:

BlackFort Wallet offers no products or services for sale. Affiliates may only promote BlackFort Wallet.

BlackFort Wallet’s Compensation Plan:

Affiliates of BlackFort Wallet invest ether in BXF tokens. This is done in the expectation of future returns. Investing up to 1 ETH in BXF tokens yields a 10% ROI; 1 to 2 ETH in BXF tokens yields a 15% ROI; 2 to 4 ETH in BXF tokens yields a 20% ROI; and 4 or more ETH in BXF tokens yields a 25% ROI. BlackFort provides no investment period information.

BlackFort’s MLM division offers rewards for the recruitment of affiliate investors. Referral Compensation BlackFort Wallet rewards affiliates with 10% of all BXN token investments. Recurring Commissions I can confirm that BlackFort Wallet pays residual commissions, but exact details are unavailable.

Instead of actual information, BlackFort Wallet just provides the following:   

BlackFort desires to make team building enjoyable and beneficial for everyone.   

You begin to earn team benefits depending on your own purchases, direct affiliates, and their affiliates. Therefore, the more you and your team promote BlackFort Wallet to partners and the market, the more you and your partners stand to profit.   

Not understanding how affiliates are compensated is not “fun.” Registering for BlackFort Wallet Affiliate membership with BlackFort Wallet appears to be free. To fully participate in the linked income potential, you must purchase BXF tokens with ether. BlackFort Wallet has no minimum investment requirement.

Conclusion of the BlackFort Wallet:

BlackFort Wallet performs poorly in terms of marketing. It is tough to take them seriously as an MLM organization on the basis of this alone. The scant information given presents BlackFort Wallet as a straightforward shitcoin Ponzi scheme.

In blockchain lingo, BlackFort Wallet’s investment strategy is disguised as “purchasing nodes.” It has no meaning. BXF is an ERC-20 token. On the Ethereum blockchain, these can be created in five minutes for minimal expense. You hand over ethereum in exchange for BXF tokens at an unspecified price, which you then store in BlackFort Wallet to earn a passive ROI.

Since the ROI is paid in BXF, a number of investors will ultimately be left holding the bag. New investment is the sole verifiable source of revenue entering Blackfort Wallet. The fact that BlackFort Wallet uses new investments to pay for BXF token investment plan withdrawals makes it a Ponzi scheme.

Note that BlackFort Wallet is not registered in any jurisdiction to provide securities. Incorporating shell corporations in the British Virgin Islands and Estonia is insufficient. BlackFort Wallet commits securities fraud by failing to register its passive investment strategy with financial regulators.

Globally, securities fraud is unlawful. As with other MLM Ponzi schemes, new investment will cease once affiliate recruitment dries up. This will deprive BlackFort Wallet of ROI revenue, ultimately leading to its demise.

The mathematics underlying MLM Ponzi schemes guarantees that the majority of participants will lose money upon their collapse.

On its website, BlackFort Wallet fails to disclose the company’s ownership and management. Instead, BlackFort Wallet claims to be incorporated in Estonia and the British Virgin Islands.    BlackFort Wallet & Exchange is the trade name of BlackFort Tech Estonia OU, which was incorporated in the Republic of Estonia as BlackFort Tech Estonia OU and…

On its website, BlackFort Wallet fails to disclose the company’s ownership and management. Instead, BlackFort Wallet claims to be incorporated in Estonia and the British Virgin Islands.    BlackFort Wallet & Exchange is the trade name of BlackFort Tech Estonia OU, which was incorporated in the Republic of Estonia as BlackFort Tech Estonia OU and…

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