Bitcoin Funding Team Review: 2×5 matrix bitcoin gifting
Bitcoin Funding Team provide no information on their website regarding who owns or runs the business.
The Bitcoin Funding Team website domain (“bitcoinfundingteam.com”) was privately registered on February 3rd, 2017.
Bitcoin Funding Team is hosted on a private server that hosts the domain “2forsuccess.com”.
2ForSuccess launched in late 2016 and offered some type of “blog mastery” course. The company flopped, with a visit to the 2ForSuccess website today revealing the domain is parked.
Research into 2ForSuccess reveals those promoting it are now promoting Bitcoin Funding Team. These affiliates name Thomas Dluca as Bitcoin Funding Team’s founder.
Dluca seems to have a history of promoting MLM underbelly scams.
The realization that running a scam is far more profitable than losing money in one has likely promoted the launch of Bitcoin Funding Team.
Read on for a full review of the Bitcoin Funding Team MLM opportunity.
Bitcoin Funding Team Products
Bitcoin Funding Team has no retailable products or services, with affiliates only able to market Bitcoin Team Funding affiliate membership itself.
The Bitcoin Funding Team Compensation Plan
Bitcoin Funding Team affiliates gift bitcoin to each other via a 2×5 matrix.
A 2×5 matrix places a Bitcoin Funding Team affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).
Levels three to five of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
A Bitcoin Funding Team affiliate signs up and gifts 0.1 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to receive 0.1 BTC from two affiliates recruited into the first level of their matrix.
The remaining four matrix levels operate in the same manner, the only difference being an increase in the amount gifted at each level.
- level 1 – gift 0.1 BTC to the affiliate who recruited you and receive 0.1 BTC from two subsequently recruited affiliates
- level 2 – gift 0.2 BTC and receive 0.2 BTC from four affiliates
- level 3 – gift 0.4 BTC and receive 0.4 BTC from eight affiliates
- level 4 – gift 1 BTC and receive 1 BTC from sixteen affiliates
- level 5 – gift 2 BTC and receive 2 BTC from thirty-two affiliates
Joining Bitcoin Funding Team
Bitcoin Funding Team affiliate membership is tied to a 0.1 BTC gifting payment.
Full participation in the Bitcoin Funding Team income opportunity costs 3.7 BTC.
Under the guise of “donating” to “causes”, Bitcoin Funding Team operate a simple enough cash gifting scheme.
What differentiates Bitcoin Funding Team from legitimate crowdfunding is that the causes being donated to are the affiliates.
This is affiliates paying affiliates by any other name, which in MLM is cash gifting.
Having made a bit in similar bitcoin gifting schemes, it seems Thomas Dluca has seen that it’s primarily the admins who profit in these scams.
Each Bitcoin Funding Team matrix tier passes up gifted funds to an existing Bitcoin Funding Team affiliate. At the top of this pass-up chain is Thomas Dluca, who through preloaded position(s) receives funds at the upper matrix tiers before anyone else.
Sitting below Dluca are his admins, who from what I can tell are San Warren Nix, Mark Thompson and Michael Shell.
Shell and Nix have jointly promoted scams with Dluca over the years.
Whatever these admins don’t collect is dispersed throughout the rest of the Bitcoin Funding Team affiliate-base, with the majority taking a loss when affiliate recruitment inevitably dies down.
Update 17th March 2018 – On February 16th the FTC filed a lawsuit against Thomas Dluca for, among other things, his founding and promotion of Bitcoin Funding Team.