6-Tier Matrix Cash Gifting Scheme
Not surprisingly, there is no information on the BitRising website indicating who owns or runs the business.
BitRising aka “BR” is a semi-automated system created by 3 individuals who are funding and founding members.
Registered on September 11, 2016, the BitRising website domain, bitrising.com, is set to private.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
BitRising Product Line
BitRising has absolutely no retailable products or services, and affiliates are only able to market BitRising affiliate membership itself.
BitRising Compensation Plan
BitRising affiliates will purchase positions in a 2×6 matrix, by way of commissions paid as positions in the matrix are filled.
A 2×6 matrix puts an affiliate at the very top of the matrix with 2 positions directly underneath them.
These first 2 positions form the first level of the matrix. The second level of the matrix is created by dividing each of the 2 positions into another 2 positions.
Following levels of the matrix are produced in the same manner for a total of 6 levels and 126 positions.
BitRising affiliates start by buying a 0.02 BTC position. This payment makes them eligible to receive 0.02 BTC from 2 affiliates recruited into the level of their matrix.
- Level 1 (positions cost 0.02 BTC) – receive 0.02 BTC from two affiliates
- Level 2 (must pay 0.03 BTC) – receive 0.03 BTC from 4 affiliates
- Level 3 (must pay 0.07 BTC) – receive 0.07 BTC from 8 affiliates
- Level 4 (must pay 0.16 BTC) – receive 0.16 BTC from 16 affiliates
- Level 5 (must pay 0.8 BTC) – receive 0.8 BTC from 32 affiliates
- Level 6 (must pay 2 BTC) – receive 2 BTC from 64 affiliates
Take note that all amounts above are paid and received monthly.
BitRising affiliate membership is synonymous with the purchase of a 0.02 BTC matrix position.
BitRising is a brazen cash gifting scheme, with not even the smallest effort to disguise its fraud.
The Bottom Line
A new BR affiliate signs up and gifts 0.02 BTC to the affiliate who recruited them. This payment makes the eligible to receive gifting payments from subsequently recruited affiliates.
The BitRising compensation plan simply repeats this process, with each level of the matrix seeing a higher and higher amount gifted upline.
The unnamed administrators of this company will have preloaded the company-wide matrix with one or more positions.
These positions are the first to fill the upper levels of the matrix, thereby securing the BR administrators to obtain almost all of the deposited funds. Scheming at its best!
Each and every individual who joins as an affiliate passes up a good percentage of what they receive each month, with only a small amount of affiliates (early-adopters) reaching the upper payment tiers.
BitRising Not Surprising Conclusion
We have said it before, and we will say it again!
As with all gifting schemes, a collapse is triggered when recruitment of new affiliates drops down.
This will start out with the BR affiliates at the bottommost of the company-wide matrix failing to recruit new victims. This will result in them ceasing making monthly gifting payments. In other words, those above them stop getting paid.
Ultimately they will stop paying their uplines, with a predictable collapse activated once the bottom of the company-wide matrix falls out.
And again, in order for the BitRising administrators and a few early-adopter affiliates to make money, the majority of BitRising affiliates must lose their money. Ridiculous!
Aaron and Shara What Do You Recommend?
That being said, if you have never marketed online or offline before, finding people could be very difficult for you.
We also think the startup cost of $100-$999 is pretty steep.
We know when we first started trying to make money online, we failed miserably and we had no idea how to recruit.
That is why, we first started out by learning how to become a good marketers.
If you don’t want to be in a business that costs $199-999 to start and requires you to host home parties or call all your friends and family to buy your stuff no worries.
We have the perfect business for you where you don’t have to recruit, you don’t have to own any product and oh did we mention it’s ONLY $1 to start!!!
The main reason for it is you will learn step by step on how to build a profitable business online and they even cover you for products so you don’t have to create anything yourself…
You will also get a one on one business coach to help you every step of the way.
Anyways, we hope you enjoyed the Review. Please comment below if you are part of this company as our readers would love to know how you are doing.
Also, if there are any products or companies out there you want us to review please let us know!
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