BitFund4U Review: Eight-tier 0.005 BTC gifting scheme
BitFund4U provides no information about who owns or runs the company on their website.
The BitFund4U website domain (“bitfund4u.com”) was registered on March 20th, 2019.
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.
BitFund4U has no retailable products or services, with affiliates only able to market BitFund4U affiliate membership itself.
The BitFund4U compensation Plan
New BitFund4U affiliates gift bitcoin to existing affiliates.
This in turn qualifies them to receive bitcoin gifting payments from subsequently recruited affiliates.
Upon signing up through an affiliate referral link, BitFund4U affiliates are given a list of ten bitcoin addresses to send 0.005 BTC to.
Once these payments have been verified, the affiliate is given their own BitFund4U referral link.
This link contains a list of ten BitFund4U affiliates, with the newly recruited affiliate’s bitcoin wallet address at the bottom.
If the affiliate recruits new affiliates themselves, those affiliates receive their own website list.
On that list the recruiting affiliate is placed ninth in the list.
In this manner a BitFund4U affiliate is able to receive 0.005 BTC gifting payments down eight levels of recruitment.
Note that payments on each level are capped, suggesting a 2×8 matrix is being used to track payments.
- level 1 – 2 payments
- level 2 – 4 payments
- level 3 – 8 payments
- level 4 – 16 payments
- level 5 – 32 payments
- level 6 – 64 payments
- level 7 – 128 payments
- level 8 – 256 payments
Note the first two positions on every BitFund4U affiliate website are admin positions.
BitFund4U affiliate membership is tied to ten 0.005 BTC gifting payments.
The old gifting scheme chain letter, adapted for online use.
Despite being as old as the internet, BitFund4U claims its gifting model is a ‘very unique and new concept‘.
This is not a MLM or Money chain program.
First of all, This system is 100% legal and 1000% successful.
It is not a Scam or Fraud way of making Money.
In order to turn the above lies into factual statements, just replace every “is not” with “is”.
Gifting schemes last for as long as new gullible people sign up to them. Once recruitment stops so do the gifting payments, prompting a collapse.
At any given time, the largest group in a gifting scheme are those who haven’t recovered their initial gifting payments.
This group (the majority of participants), are guaranteed to lose their money when the scheme inevitably collapses.
That much I can 10,000% promise you.