Crypto Wealth Review: Cash gifting & downline feeder
There is no information on the Crypto Wealth website indicating who owns or runs the business.
The Crypto Wealth website domain (“cryptowealth.net”) was registered on the 7th of August, 2016. Joe Jansen is listed as the owner through an address in Johannesburg, South Africa.
At the time of publication Alexa estimate that South Africa is the largest source of traffic to the Crypto Wealth website (60%).
I was unable to find any further information on Joe Jansen with respect to Crypto Wealth, which I’m flagging as suspicious.
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 Crypto Wealth Product Line
Crypto Wealth has no retailable products or services, with affiliates only able to market Crypto Wealth affiliate membership itself.
The Crypto Wealth Compensation Plan
The Crypto Wealth compensation plan sees affiliates gift bitcoin to eachother through a 4×3 matrix.
A 4×3 matrix places a Crypto Wealth affiliate at the top of a matrix, with four positions directly under them:
These four positions form the first level of the matrix. The second level of the matrix is generated by splitting each of the four positions into another four positions each (16 positions).
The third level of the matrix is generated in the same manner and houses 64 positions.
In total, a complete 4×3 matrix houses 84 positions.
A Crypto Wealth affiliate signs up and gifts 0.009 BTC to three upline generations.
This is the affiliate who recruited them, the affiliate who recruited them (second upline) and the affiliate who recruited them (third upline).
These payments qualify the new affiliate to begin receiving 0.009 BTC payments from affiliates recruited into their own matrix.
Crypto Wealth affiliates are also fed in to FGXpress and APPI Travels, a chain-recruitment travel opportunity.
Joining Crypto Wealth
Crypto Wealth affiliate membership is tied to three 0.009 BTC gifting payments.
Participation in FGXpress and APPI Travels is extra.
Under the guise of making and receiving donations, Crypto Wealth affiliates participate in a cash gifting scheme.
This is the donations plan of bitcoins between members from all over the world to each other.
A legitimate donation is make without any expectation of future payment.
Payments in Crypto Wealth are made to qualify to receive payments from subsequently recruited affiliates.
This difference is crucial, as it defines Crypto Wealth as a cash gifting scheme.
Nothing is marketed or sold to retail customers, with all commissions paid out within Crypto Wealth payments from new affiliates to existing affiliates.
As with all cash gifting schemes, once affiliate recruitment dries up so too will gifting payments within the scheme.
The mathematics behind a matrix-based gifting scheme guarantees that when Crypto Wealth collapses, the majority of affiliates will lose money.
Considering the dubious business model of FGXpress (autoship recruitment) and outright pyramid recruitment taking place in APPI Travels, there’s a good chance Crypto Wealth affiliates will lose money in those two schemes too.