Givers Crowdfunding Review: 3×7 matrix cash gifting
There is no information on the Givers Crowdfunding website indicating who owns or runs the business.
The Givers Crowdfunding website domain (“giverscrowdfunding.com”) was registered on October 20th, 2016. Kevin Icecreast is listed as the owner, with an address in the US state of Texas also provided.
A marketing video featured on the Givers Crowdfunding website was uploaded on October 25th. The YouTube account name hosting the video is also “Kevin Icecreast”.
As per BehindMLM’s My Earnings review, Kevin Icecreast doesn’t actually exist.
My Earnings was a Ponzi scheme launched earlier this year in August. My Earning’s business model defined the company as a seven-tier matrix cycler Ponzi scheme.
The same “Kevin Icecreast” YouTube channel was used to promote My Earnings.
After it launched, My Earnings promptly collapsed. Today the My Earnings website is non-responsive.
The same scammer(s) behind My Earnings were also behind Progmatic AdsPaid, a Ponzi scheme launched in January.
Givers Crowdfunding appears to be the third opportunity launch by this individual or group for 2016.
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 Givers Crowdfunding Product Line
Givers Crowdfunding has no retailable products or services, with affiliates only able to market Givers Crowdfunding affiliate membership itself.
Once signed up, Givers Crowdfunding affiliates gift funds to the affiliate who recruited them.
Bundled with these gifting payments are ad credits, which can be used to display advertising on the Givers Crowdfunding website.
The Givers Crowdfunding Compensation Plan
The Givers Crowdfunding compensation plan sees affiliates gift funds to eachother via a 3×7 matrix.
A 3×7 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 each of these three positions into another three positions each (9 positions).
Subsequent levels of the matrix are generated in the same manner, for a total of 3279 positions across seven levels.
A Givers Crowdfunding affiliate signs up and gifts $30 to the affiliate who recruited them.
This payment in turn qualifies them to receive $30 from three subsequently recruited affiliates.
Each level of the 3×7 matrix must be unlocked with a gifting payment before payments can be received from other Givers Crowdfunding affiliates as follows:
- level 1 – gift $30 to the affiliate who recruited you and receive $30 from three subsequently recruited affiliates
- level 2 – gift $40 and receive $40 from nine affiliates
- level 3 – gift $80 and receive $80 from twenty-seven affiliates
- level 4 – gift $160 and receive $160 from eighty-one affiliates
- level 5 – gift $360 and receive $360 from two hundred and forty-three affiliates
- level 6 – gift $640 and receive $640 from seven hundred and twenty-nine affiliates
- level 7 – gif $1280 and receive $1280 from two thousand one hundred and eighty-seven affiliates
Joining Givers Crowdfunding
Givers Crowdfunding affiliate membership is tied to a gifting payment of $30 to the affiliate who recruited you.
Full participation in the Givers Crowdfunding income opportunity costs $2590.
GiversCrowdfunding is a donation and reward crowdfunding platform IE peer-to-peer, launched online by several same minded people and IT experts.
Any time you see the words “donations” or “peer-to-peer” to market an MLM opportunity, there’s a good chance it’s cash gifting.
Givers Crowdfunding spell out so much in their own description of the opportunity:
You need to upgrade your positon [sic] by sending upgrade donation to your upline so as to get donations from your downline.
Affiliates paying affiliates in MLM is cash gifting, making Givers Crowdfunding a scam.
Furthermore, affiliates paying affiliates has nothing to with charity, crowdfunding or donations.
Yet despite the obviously fraudulent nature of Givers Crowdfunding’s business model, the company insists cash gifting is legal.
Is crowdfunding legal?
Our crowdfunding is based on voluntary donation and we do not guaranty any return or profit from your donations. Donating voluntary or giving help to other people in good faith has always been legal.
While voluntary donations may very well be legal, that’s clearly not what happens in Givers Crowdfunding.
A legitimate donation is made and that’s the end of it. New Givers Crowdfunding affiliates pay money to existing affiliates to qualify to receive money from affiliates who join after them.
That’s the crucial difference between a legitimate donation and cash gifting.
As with all cash gifting schemes, once new affiliate recruitment dies down so too will payments within the system. This will prompt a collapse, resulting in the majority of Givers Crowdfunding affiliates losing money.
With My Earnings and Progmatic AdsPaid both collapsing shortly after launch, expect Givers Crowdfunding to have a similarly short life-span.