Glow Funds Review: Six-tier matrix cash gifitng
There is no information on the Glow Funds website indicating who owns or runs the business.
The Glow Funds website domain (“glowfunds.com”) was privately registered on November 6th, 2016.
Marketing videos on the Glow Funds website feature an individual with a European accent who identifies himself only as “Alex”.
Whether Alex is running Glow Funds or is a paid actor (the videos have a very “Fivver” feel about them) is unclear.
Alexa meanwhile currently estimate that 66% of traffic to the Glow Funds website originates out of Pakistan.
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 Glow Funds Product Line
Glow Funds has no retailable products or services, with affiliates only able to market Glow Funds affiliate membership itself.
The Glow Funds Compensation Plan
The Glow Funds compensation plan sees affiliates gift bitcoin to eachother via a 2×6 matrix.
A 2×6 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These to positions form the first level of the matrix. The second level of the matrix is generated by splitting each of the two positions into another two positions each (4 positions).
Levels 3 to 6 of the matrix are generated in the same manner, with a complete 2×6 matrix housing 126 positions.
Each level of the matrix operates as a separate cash gifting tier, with payments to an affiliate’s upline required to unlock them as follows:
- level 1 – gift 0.03 BTC to the affiliate who recruited you and receive 0.03 BTC from two subsequently recruited affiliates
- level 2 – gift 0.05 BTC to your second upline and receive 0.05 BTC from four affiliates
- level 3 – gift 0.1 BTC to your third upline and receive 0.1 BTC from eight affiliates
- level 4 – gift 0.2 BTC to your fourth upline and receive 0.2 BTC from sixteen affiliates
- level 5 – gift 1 BTC to your fifth upline and receive 1 BTC from thirty-two affiliates
- level 6 – gift 2 BTC to your fifth upline and receive 2 TC from sixty-four affiliates
A second upline is the affiliate who recruited your immediate upline (the affiliate who recruited you). A third upline is the affiliate who recruited your second upline and so on and so forth
Note that the above payments (both paid and received) are monthly recurring.
Joining Glow Funds
Glow Funds affiliate membership is tied to a minimum monthly 0.03 BTC gifting payment.
Full participation in the Glow Funds MLM opportunity costs 3.38 BTC a month.
Glow Funds presents itself as a simple enough cash gifting scheme.
Affiliates begin by gifting 0.03 BTC to the affiliate who recruited them, which qualifies them to receive 0.03 BTC from two recruited affiliates placed into their matrix.
The next five matrix levels operate in the same manner, the only difference being the amount of bitcoin gifted across each matrix level.
As with all cash gifting schemes, once recruitment of new affiliates dies off so too will gifting payments within the scheme.
This will see those at the bottom of the company-wide matrix eventually cease to pay their monthly gifting payment.
Once that happens, the affiliates above these affiliates stop getting paid.
They too eventually stop paying their monthly gifting payments, meaning those above them also stop getting paid.
As this effect trickles up the company wide affiliate-base, eventually an irreversible collapse is triggered and Glow Funds collapses.
The lion’s share of gifted funds are made directly to or passed up to pre-loaded positions held by the Glow Funds admin (“Alex” or otherwise). And seeing as all gifting payments within Glow Funds are paid using bitcoin, recovery of funds is next to impossible (another plus for the admin).
You’re basically looking at sixty-four positions filled on the admin’s sixth matrix tier, which will probably see Glow Funds collapse well before anyone else gets remotely close to unlocking their own sixth tier.
All donations you willingly and directly send to a fellow participant are final. No refunds.
The end result is the Glow Funds admin collects a nice Christmas bonus, everyone else loses out.