BTChamp Review: Six-tier bitcoin cash gifting
The BTChamp website identifies Kasa Navakantha Rao as admin of the company.
Rao is based out of India, which is presumably where BTChamp is being operated from.
Read on for a full review of the BTChamp MLM opportunity.
The BTChamp Product Line
BTChamp has no retailable products or services, with affiliates only able to market BTChamp affiliate membership itself.
The BTChamp Compensation Plan
BTChamp affiliates gift bitcoin to each other via a 2×6 matrix.
A 2×6 matrix places a BTChamp 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).
The third to sixth levels of the matrix are generated in the same manner, with each subsequent level housing twice as many positions as the previous level.
Each level of the BTChamp matrix functions as an individual cash gifting tier.
A BTChamp affiliates starts by gifting 0.0005 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to receive 0.0005 BTC from two affiliates recruited into the first level of their matrix.
Gifting payments across the other five matrix levels function in the same manner, the only difference being the amounts gifted as follows:
- level 1 – gift 0.0005 BTC to the affiliate who recruited you and receive 0.0005 BTC from two subsequently recruited affiliates
- level 2 – gift 0.0009 BTC and receive 0.0009 BTC from four affiliates
- level 3 – gift 0.003 BTC and receive 0.003 BTC from eight affiliates
- level 4 – gift 0.014 BTC and receive 0.014 BTC from sixteen affiliates
- level 5 – gift 0.15 BTC and receive 0.015 BTC from thirty-two affiliates
- level 6 – gift 1.8 BTC and receive 1.8 BTC from sixty-four affiliates
Note that all gifting payments within BTChamp (both paid and received) are on a 180 day subscription.
BTChamp affiliate membership is tied to a 0.0005 BTC gifting payment to the affiliate who recruited you every 180 days.
Full participation in the BTChamp compensation plan costs 1.9684 BTC every 180 days.
On his Facebook profile, Kasa Rao (right) describes BTChamp as a “P2P Member to Member Donation System”.
Anytime you see “peer to peer”, “member to member” or “donation” used to describe an MLM opportunity, there’s a good chance it’s a cash gifting scheme.
Through a 2×6 matrix, BTChamp affiliates gift bitcoin to each other. There’s no justification for this, it’s cash gifting through and through.
After making a bit of money or (more likely) losing money in ZarFund, Rao has cottoned on that it’s far more profitable to run a cash gifting scam than it is to participate in one.
Reason being that in these matrix-based gifting schemes, the admin preloads one or more positions at the top of the company-wide matrix.
Through pass-ups on each matrix level, this ensures that they receive the majority of funds deposited into the scheme.
As with all cash gifting schemes, once affiliate recruitment dies down payments within BTChamp will grind to a halt.
What happens then?
We reserve the right to add or remove features and modify any functionality, make changes on how the platform works, manage memberships, within BTChamp, and otherwise make changes to the service and this agreement without notice.
All donations you willingly and directly send to a fellow participant are final. No refunds.
BTChamp collapses, Rao does a runner and you lose your money.
Strangely enough, Rao seems to think BTChamp affiliate recruitment will go on forever.
In the unlikely event that this program should ever terminate its operations, it’s creator, operators, employees, assigns and successors shall not be held liable for any loss whatsoever to our members.
Cash gifting schemes are guaranteed to fail. There’s nothing “unlikely” about it.