BTC Matrix Review: 3×10 matrix bitcoin Ponzi cycler
BTC Matrix provide no information on their website about who owns or runs the business.
The BTC Matrix website domain (“btcmatrix.com”) was privately registered on June 6th, 2017.
The official BTC Matrix Facebook group lists one admin, Mair Heather.
The Mair Heather Facebook account appears to be bogus and appears to have been created to push various MLM underbelly schemes.
At the time of publication Alexa estimate that pretty much all traffic to the BTC Matrix website originates out of Nigeria.
This strongly suggests that whoever is running BTC Matrix is also based out of Nigeria.
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.
BTC Matrix Products
BTC Matrix has no retailable products or services, with affiliates only able to market BTC Matrix affiliate membership itself.
BTC Matrix affiliate membership provides access to ad credits, which can be used to display advertising on the BTC Matrix website.
The BTC Matrix Compensation Plan
BTC Matrix affiliates purchase positions in a 3×10 matrix cycler.
A 3×10 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting the three positions into another three positions each (9 levels).
Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
A BTC Matrix affiliate signs up and purchases a cycler position for 0.02 BTC.
Through direct and indirect affiliate recruitment, they then set about filling the first level of their matrix.
When a matrix level is full a “cycle” is generated and a commission paid out as follows:
- level 1 (positions cost 0.02 BTC) – 0.005 BTC commission and cycles into level 2
- level 2 – 0.01 BTC commission and cycles into level 3
- level 3 – 0.02 BTC commission and cycles into level 4
- level 4 – 0.04 BTC commission and cycles into level 5
- level 5 – 0.08 BTC commission and cycles into level 6
- level 6 – 0.16 BTC commission and cycles into level 7
- level 7 – 0.32 BTC commission and cycles into level 8
- level 8 – 0.64 BTC commission and cycles into level 9
- level 9 – 1.28 BTC commission and cycles into level 10
- level 10 – 7.68 BTC commission
When personally recruited affiliates cycle out of each matrix level, the following matching bonuses are paid out:
- level 1 – 0.0025 BTC
- levels 2 and 3 – 0.005 BTC
- level 4 – 0.01 BTC
- level 5 – 0.02 BTC
- level 6 – 0.04 BTC
- level 7 – 0.08 BTC
- level 8 – 0.1 BTC
- level 9 – 0.2 BTC
- level 10 – 0.4 BTC
Joining BTC Matrix
BTC Matrix affiliate membership is free, however affiliates must purchase at least one 0.005 BTC cycler position to participate in the attached income opportunity.
Under the guise of giving and receiving donations, BTC Matrix operates as a ten-tier matrix Ponzi cycler.
Legitimate donations are not given with the expectation of receiving money, differentiating them from funds paid into BTC Matrix.
BTC Matrix affiliates invest 0.005 BTC and through affiliate recruitment, receive a 10.235 BTC ROI.
To put that into perspective, a minimum of two thousand forty-seven 0.005 BTC investments are required for just one BTC Matrix position to cycle all ten matrix levels.
Once you factor in referral commissions and the non-linear nature in which a matrix fills, the actual number is much higher.
The Ponzi nature of BTC Matrix’s business model is due to 100% of ROI funds paid out being sourced from subsequent affiliate investment in cycler positions.
If you take just the first matrix level, 0.005 BTC is paid in, 0.015 BTC is generated but 0.017 BTC is paid out.
Thus right from the start BTC Matrix generates liabilities, which in true Ponzi fashion will only increase over time.
Once BTC Matrix’s ROI liabilities hit critical mass (coinciding with a slowdown in affiliate recruitment), the scheme collapses and the majority of affiliates lose money.