My Cash Pool Review: 2×10 matrix bitcoin cash gifting
The My Cash Pool website identifies Ashish Raja as owner of the company.
Raja is based out of India and last year was promoting the Fort Ad Pays, Triple Threat Marketing, My Paying Ads and Ultimate Revshare Ponzi schemes.
Of the scams only My Paying Ads is yet to collapse. Eventual losses in the others have likely prompted Raja to launch his own company.
Read on for a full review of the My Cash Pool MLM opportunity.
The My Cash Pool Product Line
My Cash Pool has no retailable products or services, with affiliates only able to market My Cash Pool affiliate membership itself.
The My Cash Pool Compensation Plan
The My Cash Pool compensation plan sees affiliates gift bitcoin to each other via a 2×10 matrix.
A 2×10 matrix places a My Cash Pool 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 these two positions into another two positions each (4 positions).
Levels three to ten of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
A My Cash Pool affiliate begins by gifting 0.02 BTC to the affiliate who recruited them.
This payment in turn qualifies the affiliate to receive 0.02 BTC from two subsequently recruited affiliates, placed into the first level of their matrix.
Payments across the remaining nine My Cash Pool matrix levels operate in the same manner, the only difference being an increase in the amounts gifted.
- level 1 – gift 0.02 BTC to the affiliate who recruited you and receive 0.02 BTC from two subsequently recruited affiliates
- level 2 – gift 0.03 BTC and receive 0.03 BTC from four affiliates
- level 3 – gift 0.05 BTC and receive 0.05 BTC from eight affiliates
- level 4 – gift 0.2 BTC and receive 0.2 BTC from sixteen affiliates
- level 5 – gift 1 BTC and receive 1 BTC from thirty-two affiliates
- level 6 – gift 2 BTC and receive 2 BTC from sixty-four affiliates
- level 7 – gift 4 BTC and receive 4 BTC from one hundred and twenty-eight affiliates
- level 8 – gift 8 BTC and receive 8 BTC from two hundred and fifty-six affiliates
- level 9 – gift 16 BTC and receive 16 BTC from five hundred and twelve affiliates
- level 10 – gift 32 BTC and receive 32 BTC from one thousand and twenty-four affiliates
Joining My Cash Pool
My Cash Pool affiliate membership is tied to a 0.02 BTC gifting payment to the affiliate who recruited you.
From his own words, Ashish Raja (right) sounds like someone who’s continuously lost money in MLM underbelly scams.
I have tried many online programs, where people used to pay 1000 of dollars to start and then end up in either a scam project or it takes years to receive those money back.
My Cash Pool appears to be somewhat of a desperate attempt to make what he’s lost back.
I say desperate because the gifting amounts at the upper My Cash Pool matrix tiers are nothing short of ridiculous.
Before we get into that, My Cash Pool is a cash gifting scheme in which new affiliates gift funds to the affiliates who recruited them.
This exchange of money grows larger each matrix level, eventually passing up the majority of funds gifted to Ashish Raja.
This is achieved through one or more preloaded positions, which places Raja at an advantage to affiliates who sign up after him.
The sixth level of the matrix alone requires a 2 BTC gifting payment, which is currently just over two thousand dollars.
That level has sixty-four positions, meaning about $128,000 has to be passed up to Raja before anyone else can earn on that level.
Level ten is a pass up of $3.38 million to Raja’s matrix, which again must be done before anyone else can earn money.
Realistically My Cash Pool will collapse long before $3.38 has been gifted, however Raja will still collect the majority of funds even at the lower matrix levels.
That Raja has called his gifting scam My Cash Pool is of course no coincidence. Once recruitment dies down and My Cash Pool collapses, everyone else loses out.