Thanks for reading our LiteFunds Review!
Thanks for stopping by to read our LiteFunds Review.
We have been seeing and hearing a lot of news about LiteFunds Online lately, so knew we had to do a review on it.
So here we go…
LiteFunds Review
There is absolutely no information whatsoever on the LiteFunds website specifying who owns or runs the business.
The website domain, litefunds.com, was registered on January 11, 2017. Muhammad Bakru is listed as the owner, with a partial address in Jakarta, Indonesia.
Whether or not this is an actual person is uncertain.
At the time of this review, Alexa estimates the top two sources of traffic to the their website are Nigeria (31%) and India (18%).
And, as I’ve always said in the past, if an MLM company is not willingly truthful about who is running or owns it, think long and hard about handing over any money.
LiteFunds – The Product Line
The company has no retailable products or services at all, with members only capable of marketing their membership itself.
The Compensation Plan
The LiteFunds compensation plan has members gift bitcoin to one another through a 2×6 matrix.
Said 2×6 matrix puts a member at the top of a matrix, with two spots directly underneath them.
These two spots form the initial level of the matrix. The second level of the matrix is produced by dividing these first two spots into another two spots each (4 spots).
Levels three to six of the matrix are created in the same manner, with each new level holding twice as many spots as the previous level.
A LiteFunds member signs and gifts 0.0009 BTC to the member who recruited them.
This payment in turn qualifies the member to receive 0.0009 BTC from two members who are put into the initial level of their matrix.
Payments across all six matrix levels are as follows:
- level 1 – gift 0.0009 BTC to the member who recruited you and receive 0.0009 BTC from two later recruited members
- level 2 – gift 0.0017 BTC and receive 0.0017 BTC from four members
- level 3 – gift 0.0055 BTC and receive 0.0055 BTC from eight members
- level 4 – gift 0.031 BTC and receive 0.031 BTC from sixteen members
- level 5 – gift 0.31 BTC and receive 0.31 BTC from thirty-two members
- level 6 – gift 2.7 BTC and receive 2.7 BTC from sixty-four members
Joining
LiteFunds membership is completed by a 0.0009 BTC gifting payment to the member who recruited you.
Complete participation in this opportunity costs 3.0491 BTC
Conclusion
LiteFunds is another bitcoin gifting scheme.
A new member signs up and gifts bitcoin to the member who recruited them. This payment qualifies them to receive bitcoin payments from later recruited members.
Most of the money transmitted among the member is passed up to the upper tiers of the matrix. Over one or more preloaded spots, the LiteFunds matrix administrator receives the mainstream of deposited funds.
A few early members will get what’s left, with the mainstream of members taking a loss when LiteFunds predictably fails.
Aaron and Shara What Do You Suggest?
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