3X Funding Review: Seven-tier cycler gifting Ponzi
3X Funding provides no information on their website about who owns or runs the business.
3X Funding’s website domain (“3xfunding.com”) was first registered in January 2019. The registration was last updated on January 8th, 2020.
Mannat Infotech is listed as the owner, through an incomplete address in Maharashtra, India.
Mannat Infotech is a computer store in Mumbai. The company also offers web development services.
To what extent Mannat Infotech is involved in 3X Funding is unclear.
3X Funding acknowledges it’s based out of India;
3X is the India’s first crowd funding system allows you receive half of everything forever!
But that’s as far as it goes.
When you click on the YouTube link on 3X Funding’s website, you’re taken to the Money Magnet YouTube channel.
Videos on the channel feature this guy:
He does introduce himself but I’m not confident enough on the spelling to confirm (Myself Moushad?).
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.
3X Funding’s Products
3X Funding has no retailable products or services, with affiliates only able to market 3X Funding affiliate membership itself.
3X Funding’s Compensation Plan
3X Funding offers positions in a seven-tier 2×2 matrix cycler.
A 2×2 matrix places an affiliate at the top of a matrix, with two positions directly under them.
Level two of the matrix is generated by splitting these first two positions into another two positions each, creating four positions on the second level.
Cycle commissions are paid as positions in the matrix are filled.
Positions in the matrix are filled via position purchases by newly recruited and existing 3X Funding affiliates.
- Plan 1 – invest Rs. 1000 and receive Rs. 3000
- Plan 2 – invest Rs. 2000 and receive Rs. 6000
- Plan 3 – invest Rs. 4000 and receive Rs. 12,000
- Plan 4 – invest Rs. 8000 and receive Rs. 24,000
- Plan 5 – invest Rs. 16,000 and receive Rs. 48,000
- Plan 6 – invest Rs. 32,000 and receive Rs. 96,000
- Plan 7 – invest Rs. 64,000 and receive Rs. 192,000
Within this structure there is also an upline commission payment made.
Half of each investment into a matrix position is paid upline, that is to the person who recruited the person who owns the position getting paid.
E.g. you are at the top of a matrix on Plan 1. Two affiliates are recruited into the first level of your matrix and pay you Rs. 500 each.
The other Rs. 500 they pay in is paid to your upline.
In this same 50/50 split manner you receive payments from your downline’s recruits.
Joining 3X Funding
3X Funding affiliate membership is free.
Full participation in the attached income opportunity however costs Rs. 127,000 (~$1780 USD).
3X Funding is a hybrid gifting/Ponzi scheme.
New 3X Funding affiliates sign up and gift funds into the system. These funds are paid to existing affiliates, who realize a 300% ROI once enough payments have been received.
100% of revenue within 3X Funding is generated from affiliate to affiliate payments.
In attempt to legitimize gifting fraud, 3X Funding claim to be a “crowdfunding system”.
3X Funding is a donation base Crowdfunding system, which is run on Peer to Peer.
It is based on the world famous Mobius Loop and the G Technology System.
Legitimate donations in crowdfunding platforms don’t qualify donors to receive payments from other donors.
That’s cash gifting, and differentiates 3X Funding from legitimate crowdfunding platforms.
3X Funding’s use of of the terms “Mobius Loop” and “G Technology” caught my eye.
The terms themselves are meaningless but first surfaced back in 2018 with David Rosen’s 50/50 Crowdfunding.
Perusal of 3X Funding’s YouTube channel video descriptions confirms 3X Funding is just a clone of 50/50 Crowdfunding.
50/50 Crowdfunding is being kept alive by recruitment in India. India is the only significant source of traffic to the company’s website (63% as per Alexa).
Once that dies down 50/50 Crowdfunding will collapse.
Similarly, 3X Funding also relies on constant recruitment to stay afloat. Once that slows down it too will collapse.
The math behind both gifting and Ponzi schemes guarantees that when they collapse, the majority of participants lose money.