RiseBits Review: Four-tier subscription based bitcoin cash gifting
There is no information on the RiseBits website indicating who owns or runs the business.
The RiseBits website domain (“risebits.com”) was privately registered on the 14th of October, 2016.
The RiseBits official Facebook group was created on November 15th by a Facebook profile bearing the name “Rahul Singh”.
The Rahul Singh Facebook profile appears to be fake, having only been created a day earlier on November 14th.
It’s worth noting that copy on the “about us” page of the RiseBits website also featured on Super Matrix and LifeBTC.
Super Matrix and LifeBTC are both cash gifting Ponzi schemes launched last month.
Luis Castillo is the admin behind Super Matrix. Whether he is also behind RiseBits is unclear.
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 RiseBits Product Line
RiseBits has no retailable products or services, with affiliates only able to market RiseBits affiliate membership itself.
Once signed up, RiseBits affiliates pay money to other affiliates. As these payments are confirmed, RiseBits provides affiliates with ad credits.
These ad credits can be used to display advertising on the RiseBits website.
The RiseBits Compensation Plan
The RiseBits compensation plan sees new affiliates sign up and gift 0.007 BTC to the affiliate who recruited them.
This qualifies the affiliate to receive gifting payments from subsequently recruited affiliates, tracked via a 3×4 matrix.
A 3×4 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting each of the three positions into another three positions each.
The third and fourth levels of the matrix are generated in the same manner, with a complete 3×4 matrix housing one hundred and twenty positions.
Gifting payments across the four matrix tiers are as follows:
- level 1 – gift 0.007 BTC every 20 days to the affiliate who recruited you and receive 0.007 BTC from three affiliates
- level 2 – gift 0.018 BTC every 45 days and receive 0.018 BTC from nine affiliates
- level 3 – gift 0.1 BTC every 75 days and receive 0.1 BTC from twenty-seven affiliates
- level 4 – gift 1.5 BTC every 105 days and receive 1.5 BTC from eighty-one affiliates
RiseBits affiliate membership is tied to a minimum 0.007 BTC gifting payment every 20 days.
Full participation in the RiseBits MLM opportunity is 1.625 BTC over a staggered recurring subscription period.
RiseBits is yet another cash gifting bitcoin scheme, with a twist on the traditional monthly payment model.
In RiseBits the upper matrix gifting tier payments are made at 70 days and 105 days recurring.
I suppose the idea is that this will feel like less of a hit to affiliates in the lower matrix tiers when the time comes to “upgrade”.
In reality however the majority of funds deposited into RiseBits are still transferred to positions in the upper tiers.
Most of the positions in these tiers, at least initially, will have been preloaded by the anonymous RiseBits admin.
This ensures the bulk of deposited funds are paid to the admin, with whatever’s left distributed to the rest of the RiseBits affiliate-base.
As with all cash gifting schemes, once recruitment of new affiliated dies down RiseBits will collapse.
Mathematics guarantees that the majority of RiseBits affiliates will lose money.