Reward Table Review: Three-tier bitcoin Ponzi matrix cycler
Reward Table provide no information on their website about who owns or runs the business.
The Reward Table website domain (“rewardtable.com”) was privately registered on November 22nd, 2017.
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.
Reward Table Products
Reward Table has no retailable products or services, with affiliates only able to market Reward Table affiliate membership itself.
The Reward Table Compensation Plan
Reward Table affiliates purchase positions in a three-tier 2×3 matrix cycler.
A 2×3 matrix places a Reward Table affiliate at the top of a matrix, with two positions directly under them.
These two positions form the first level of the matrix, with the second level generated by splitting each of these two positions into another two positions each (4 positions).
The third level of the matrix is generated in the same manner and houses 8 positions.
Positions in the matrix are filled via purchases by other Reward Table affiliates.
A commission is paid out when all fourteen positions in the matrix are filled. This is referred to as a “cycle”.
How much of a commission is paid out is determined by which cycler tier a Reward Table affiliate buys a position in.
- purchase a 0.001 BTC position and receive a 0.007 BTC cycler commission
- purchase a 0.01 BTC position and receive a 0.07 BTC cycler commission
- purchase a 0.1 BTC position and receive a 0.7 BTC cycler commission
A referral commission of 10% paid on matrix cycler positions purchased by personally recruited affiliates.
Joining Reward Table
Reward Table affiliate membership is free. Free affiliates however can only earn the 10% referral commission.
Full participation in the Reward Table MLM opportunity requires a matrix cycler position purchase of 0.001 BTC to 0.1 BTC.
Reward Table claims to be ‘the FIRST Bitcoin based MLM (Multi Level Marketing) in the world‘ [sic].
This is not the only lie Reward Table use to market themselves.
Only the most hardened of scammers would disagree with a legitimate MLM company needing to generate the majority of its revenue through the sale of a product or service to retail customers.
With that in mind, Reward Table describe their business model as follows:
Multi level marketing
This platform is based on MLM principals. Your gains are made through the growth of the platform.
“MLM principals”? So uh, what product or service are Reward Table selling to retail customers then?
We do not sell anything!
This is not a lending platform or a sales platform.
The only purchase is your place at the table, earning you seven times your initial investment.
Reward Table presents itself as a cookie-cutter matrix cycler Ponzi scheme.
You buy a position and once enough subsequent positions have been bought you receive a ROI.
The use of newly invested funds to pay off existing investors makes Reward Table a Ponzi scheme.
Matrix-based Ponzi schemes are particularly titled towards the admin, who through preloaded positions collects the majority of invested funds.
A few early adopters who get positions in under the admin steal what’s left, with the majority of affiliates taking a loss when the scheme inevitable collapses.
The use of bitcoin and anonymous admin means Reward Table victim recovery will be next to impossible.
I’m also seeing a lot of cryptocurrency scammers on YouTube touting Reward Table as a recovery option for losses in previous scams:
Sadly people who fall for this nonsense are likely to just lose even more money.