FastBTC Review: Three-tier bitcoin cash gifting
There is no information on the FastBTC website indicating who owns or runs the business.
The FastBTC website domain (“fastbtc.info”) was registered on November 28th, 2016. Faisal Kamal is listed as the owner, with an address in Dubai also provided.
On his LinkedIn profile, Kamal (right) cites himself as a Supervisor at Forever Living Products.
Other MLM opportunities Kamal has recently are mostly of the cash gifting variety: ZarFund, The Dollar Sharing, 2×2 Funds, Coin Leaders (Ponzi points), RiseBits, VertigoBTC, 3×2 Core, 2×4 Club, Binary Global and Verdant BTC.
When he’s not scamming people through cash gifting schemes, Kamal is also an IT Systems Analyst at Dubai Petroleum.
Read on for a full review of the FastBTC MLM opportunity.
The FastBTC Product Line
FastBTC has no retailable products or services, with affiliates only able to market FastBTC affiliate membership itself.
The FastBTC Compensation Plan
The FastBTC compensation plan sees affiliates gift bitcoin to eachother via a 2×3 matrix.
A 2×3 matrix places a FastBTC 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 each of the two first level positions into another two positions each (4 positions)
The third level of the matrix is generated in the same manner, with a complete 2×3 matrix housing fourteen positions.
Each FastBTC matrix level operates as an individual cash gifting tier, requiring a gifting payment made to qualify to receive funds from other FastBTC affiliates.
A Fast BTC affiliate begins by gifting 0.04 BTC to the affiliate who recruited them.
This payment qualifies the affiliate to receive 0.04 BTC from two affiliates recruited into the first level of their matrix.
The second level of the matrix is unlocked by again gifting 0.07 BTC. This payment qualifies the affiliate to receive 0.07 BTC from four affiliates.
The third gifting payment is 0.2 BTC, which qualifies an affiliate to receive 0.2 BTC from eight affiliates.
Note that all gifting payments in FastBTC (both paid and received) are on a 30 day monthly subscription.
FastBTC affiliate membership is tied to a minimum 0.04 BTC gifting payment to the affiliate who recruited you.
Full participation in the FastBTC income opportunity costs 0.31 BTC every 30 days.
After likely losing money in more than a few of the cash gifting scams he’s recently joined, Faisal Kamal appears to hope he can recoup losses with his own scheme.
FastBTC is a simple three-tier cash gifting scheme. You sign up, gift money to the affiliate who recruited you and then steal money from people who join after you.
The other two matrix levels are a repeat-process, with only the amount gifted and number of people you steal from changing.
As with all cash gifting schemes, once new affiliate recruitment dies down FastBTC will collapse.
Kamal makes his money by preloaded the system, guaranteeing he makes off with the majority of deposited funds.
Affiliates get what’s left, with the majority of them ultimately taking a loss.