BitRising Review: Six-tier matrix cash gifting scheme
There is no information on the BitRising website indicating who owns or runs the business.
BITRISING is a semi-automated system created by 3 individuals, who are funding and Founding members.
The BitRising website domain (“bitrising.com”) was registered on the 11th of September 2016, however the domain registration 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.
The BitRising Product Line
BitRising has no retailable products or services, with affiliates only able to market BitRising affiliate membership itself.
The BitRising Compensation Plan
BitRising affiliates purchase positions in a 2×6 matrix, with commissions paid as positions in the matrix are filled.
A 2×6 matrix places an affiliate at the top of the matrix with two positions directly under them:
These initial two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of the two positions into another two positions each.
Subsequent levels of the matrix are generated in the same manner for a total of six levels and 126 positions.
BitRising affiliates begin by purchasing a 0.02 BTC position. This payment qualifies them to receive 0.02 BTC from two affiliates recruited into 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 four affiliates
- level 3 (must pay 0.07 BTC) – receive 0.07 BTC from eight affiliates
- level 4 (must pay 0.16 BTC) – receive 0.16 BTC from sixteen affiliates
- level 5 (must pay 0.8 BTC) – receive 0.8 BTC from thirty-two affiliates
- level 6 (must pay 2 BTC) – receive 2 BTC from sixty-four affiliates
Note that all amounts above are paid and received monthly.
BitRising affiliate membership is tied to the purchase of a 0.02 BTC matrix position.
BitRising is a shameless cash gifting scheme, with not even the slightest attempt to mask fraud.
A new BitRising affiliate signs up and gifts 0.02 BTC to the affiliate who recruited them. This payment qualifies them to receive gifting payments from subsequently recruited affiliates.
The reason of the BitRising compensation plan simply repeats this process, with each level of the matrix seeing a higher and higher amount gifted upline.
The anonymous admins running BitRising will have preloaded the company-wide matrix with one or more positions.
These positions are first to fill to the upper levels of the matrix, guaranteeing the BitRising admins walk away with most of the deposited funds.
Everyone who joins as an affiliate passes up a good percentage of what they receive each month, with only a handful of affiliates (early-adopters) reaching the upper payment tiers.
As with all gifting schemes, a collapse is triggered when recruitment of new affiliates drops off.
This will begin with BitRising affiliates at the bottom of the company-wide matrix failing to recruit new victims. This will see them cease making monthly gifting payments, meaning those above them stop getting paid.
Eventually they’ll stop paying their uplines, with an inevitable collapse triggered once the bottom of the company-wide matrix falls out.
In order for the BitRising admins and a few early-adopter affiliates to make money, the majority of BitRising affiliates must lose it.