Quartrix Review: Four-tier bitcoin matrix gifting cycler
There is no information on the Quartrix website indicating who owns or runs the business.
The Quartrix website domain (“quartrix.com”) was registered on the 23rd of September 2016, however the domain registration is set to private.
The official Quartrix Facebook page suggests Richard Morrison is running the company.
Quartrix began life as “My BitCoin Life”, a bitcoin-based matrix Ponzi scheme. A few weeks into launch My BitCoin Life collapsed, with Morrison publishing the following update to Facebook on September 21st;
OK folks, I’ve come out of a meeting with John and we have come to the conclusion that MBL is not working.
People don’t seem to be promoting it or the program is not simple enough we are not sure. It could be a combination of both factors and it probably is.
So as of from now MBL is closing it’s [sic]doors.
A day later Morrison made a preliminary announcement for Quartrix:
In a few days we will roll out our next BTC builder programme. We will offer full transparency of positions (Viewable), powerful re-entry plan and direct bitcoin wallet transactions.
Morrison changed the name of the My BitCoin Life Facebook group to Quartrix on September 24th.
Other MLM opportunities Morrison is promoting on his Facebook page include Ultimate Business World (Ponzi points), SmashCoin (HYIP), The Billion Coin (HYIP), THW Global (recruitment), BeOnPush (collapsed Ponzi scheme), CommHubb (unregistered securities) and Smash Fund (pyramid scheme).
Morrison’s Facebook profile was only created back in April of this year and was immediately used to begin promoting various schemes. I suspect it might be a pseudonym.
Read on for a full review of the Quartrix MLM opportunity.
The Quartrix Product Line
Quartrix has no retailable products or services, with affiliates only able to market Quartrix affiliate membership itself.
The Quartrix Compensation Plan
The Quartrix compensation plan sees affiliates purchase $20 positions in a four-tier 1×3 matrix cycler.
A 1×3 matrix places an affiliate at the top of a matrix, with three positions directly under them.
Once these positions are filled the affiliate’s position “cycles” and a commission is paid out.
Below are the corresponding commission payouts for Quartrix’s matrix cycler:
- Matrix 1 (positions cost $20) – generates a new Matrix 1 position and cycles into Matrix 2
- Matrix 2 – $20 commission, generates a new Matrix 2 position and cycles into Matrix 3
- Matrix 3 – $40 commission, generates a new Matrix 3 position and cycles into Matrix 4
- Matrix 4 – $160 commission and generates a new Matrix 4 position.
Quartrix affiliate membership is tied to the purchase of at least one $20 matrix cycler position.
INNOVATIVE MATRIX DESIGN TO MAKE $20,$40 AND $160 OVER AND OVER, OVER AND OVER, OVER AND OVER AGAIN!
TURN $20 INTO THOUSANDS!
Having lost who knows how much money in the various scams he’s participated in this year, Richard Morrison launched My BitCoin Life in an attempt to recoup his losses.
The My BitCoin Life was a disaster and so now he’s trying again with Quartrix.
Quartrix combines cash gifting with the mechanics of a matrix cycler Ponzi.
Funds are gifted between Quartrix affiliates via bitcoin, with a single run through the cycler seeing a $20 investment generate a $220 ROI.
As with My BitCoin Life, once recruitment dies down Quartrix will collapse. Additionally Quartrix’s use of bitcoin means victim recovery efforts will be particularly difficult (in that if you don’t personally know the person who invited you into Quartrix, you’re on your own).
Great for Richard Morrison and his scamming buddies, terrible for the rest of the Quartrix affiliate-base.