CrazeBTC Review: Three-tier bitcoin matrix cash gifting
There is no information on the CrazeBTC website indicating who owns or runs the business.
The CrazeBTC website domain (“crazebtc.com”) was privately registered on the November 5th, 2016.
The official CrazeBTC Facebook group was created in mid December by a Facebook account bearing the name “Iresh Marsov”.
The Iresh Marsov account itself appears to be bogus, having only been created on November 1st, 2016.
A post on the account dated November 1st suggests that CrazeBTC might be related to AmazeBTC:
AmazeBTC is a cash gifting scheme that launched in November of 2016. Alexa traffic estimates for the AmazeBTC domain suggest it never took off.
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 CrazeBTC Product Line
CrazeBTC has no retailable products or services, with affiliates only able to market CrazeBTC affiliate membership itself.
The CrazeBTC Compensation Plan
The CrazeBTC compensation plan sees affiliates gift bitcoin to eachother via a 3×5 matrix.
A 5×3 matrix places a CrazeBTC affiliate at the top of a matrix, with five positions directly under them:
These five positions form the first level of the matrix. The second level of the matrix is generated by splitting these five positions into another five positions each (25 positions).
The third level of the matrix is generated in the same manner (125 positions), with a complete 5×3 matrix housing 155 positions.
Each level of the CrazeBTC matrix operates as an independent cash gifting tier.
A CrazeBTC affiliate signs up and gifts 0.01 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to receive 0.01 from five affiliates recruited into the first level of their matrix.
Gifting payments across all three CrazeBTC matrix level tiers are as follows:
- level 1 – gift 0.01 BTC to the affiliate who recruited you and receive 0.01 BTC from five subsequently recruited affiliates
- level 2 – gift 0.03 BTC and receive 0.03 BTC from twenty-five affiliates
- level 3 – gift 0.3 BTC and receive 0.3 BTC from one hundred and twenty-five affiliates
CrazeBTC affiliate membership is tied to a 0.01 BTC gifting payment to the affiliate who recruited you.
Full participation in the CrazeBTC income opportunity costs 0.34 BTC.
First of all, This system is 100% legal and 1000% successful. It is not a Scam or Fraud way of making Money.
Right of out the gate the fraudulent nature of CrazeBTC’s business model is on display.
Through a 5×3 matrix, CrazeBTC affiliates gift bitcoin to eachother. There is nothing “legal” or “successful” about cash gifting schemes, and they are most definitely fraudulent scams.
The primary beneficiary of a matrix-based cash gifting scheme is the admin. Through pre-loaded positions and pass-up nature of each matrix level, the admin ultimately receives the majority of funds gifted in.
Having bled AmazeBTC dry, CrazeBTC is just another attempt to do the same all over again.
As with all cash gifting schemes, once affiliate recruitment dies down so too will gifting payments within the scheme.
At that point CrazeBTC collapses, with the majority of affiliates losing money.
You know this is a scam when Shaun Smith promotes it. Here’s his latest video: youtube.com/watch?v=tqg3a0u0SKM
Who is Shaun Smith? A convicted fraudster.
Shaun Smith in the BBC news – news.bbc.co.uk/1/hi/england/1630366.stm
I have to say you have left me rather confused because you started off saying…
Then you went on to say…
So what is it…. Legal, Illegal, a scam???? You need to make you mind up lol
The parts in green are quoted from the CrazeBTC website.
Right make sense now, just you did not make that clear it was from their website.
Fair enough. I do sometimes reference it but will make it a point to do so going forward.