LiteFunds Review: 2×6 matrix bitcoin cash gifting
There is no information on the LiteFunds website indicating who owns or runs the business.
The LiteFunds website domain (“litefunds.com”) was registered on January 11th, 2017. Muhammad Bakru is listed as the owner, with an incomplete address in Jakarta, Indonesia also provided.
Whether this is an actual person or not is unclear.
At the time of publication Alexa estimate the top two sources of traffic to the LiteFunds website are Nigeria (31%) and India (18%).
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 LiteFunds Product Line
LiteFunds has no retailable products or services, with affiliates only able to market LiteFunds affiliate membership itself.
The LiteFunds Compensation Plan
The LiteFunds compensation plan sees affiliates gift bitcoin to each other via a 2×6 matrix.
A 2×6 matrix places a LiteFunds 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 these first two positions into another two positions each (4 positions).
Levels three to six of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
A LiteFunds affiliate signs and gifts 0.0009 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to receive 0.0009 BTC from two affiliates placed into the first level of their matrix.
Payments across all six LiteFunds matrix levels are as follows:
- level 1 – gift 0.0009 BTC to the affiliate who recruited you and receive 0.0009 BTC from two subsequently recruited affiliates
- level 2 – gift 0.0017 BTC and receive 0.0017 BTC from four affiliates
- level 3 – gift 0.0055 BTC and receive 0.0055 BTC from eight affiliates
- level 4 – gift 0.031 BTC and receive 0.031 BTC from sixteen affiliates
- level 5 – gift 0.31 BTC and receive 0.31 BTC from thirty-two affiliates
- level 6 – gift 2.7 BTC and receive 2.7 BTC from sixty-four affiliates
LiteFunds affiliate membership is tied to a 0.0009 BTC gifting payment to the affiliate who recruited you.
Full participation in the LiteFunds income opportunity costs 3.0491 BTC.
LiteFunds is yet another entry into the burgeoning bitcoin gifting MLM niche.
A new LiteFunds affiliate signs up and gift bitcoin to the affiliate who recruited them. This payment qualifies them to receive bitcoin payments from subsequently recruited affiliates.
Most of the money transferred between LiteFunds affiliate is passed up to the upper tiers of the matrix. Through one or more preloaded positions, the LiteFunds matrix admin received the majority of deposited funds.
A few early-adopters get what’s left, with the majority of affiliates taking a loss when LiteFunds inevitable collapses.