Super Matrix Review: LifeBTC Ponzi reboot/clone

There is no information on the Super Matrix website indicating who owns or runs the business.

The Super Matrix website design and featured copy however are cut and pasted from the LifeBTC website.

Here’s the “about us” spiel from the Super Matrix website;

SuperMatrix are the Navy Seals of the community of like-minded members who are interested in donating to each other.

A small ELITE TEAM that always gets the JOB done right.

Way more than just LEADERS. We are individuals, crypto-nerds, fathers and mothers, brothers and sisters, thinker and doer with the passion for BTC.

And here’s the LifeBTC version;

We, the LifeBTC Crew are the Navy Seals of the community of like-minded members who are interested in donating to each other.

A small ELITE TEAM that always gets the JOB done right.

Way more than just LEADERS. We are individuals, crypto-nerds, fathers and mothers, brothers and sisters, thinker and doer with the passion for BTC.

LifeBTC was a bitcoin-based Ponzi cash gifting scheme launched on or around October 4th. By October 8th the scheme had collapsed and shut down.

The three admins listed on the official LifeBTC Facebook group are Swoyam Jit Singh, Karen L Creasey and Robin D. Silva.

Further research reveals affiliates citing Luis Castillo as the Super Matrix admin.

I myself was unable to independently verify this information and Castillo’s connection to LifeBTC, if any, remains unknown.

On the 4th of July, Castillo (right) was promoting an investment opportunity he claimed participants could make “up to $3,000 a day” through.

I just joined an opportunity that can easily earn you $10,000.00 in 30 days with just a $125.00 starting investment.

Available for USA, Canada, Australia, Mexico, India, Bahamas, New Zealand. United Kingdom and Philippines.

I find it really interesting and easy to achieve. And of course it’s a legal company based in the USA. You could make up to $3,000 per day.

Castillo himself is from the Dominican Republic

The Super Matrix website domain was registered on the 9th of October 2016, however the domain registration is set to private.

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 Super Matrix Product Line

Super Matrix has no retailable products or services, with affiliates only able to market Super Matrix affiliate membership itself.

Once signed up, Super Matrix affiliates make gifting payments to other Super Matrix affiliates.

Bundled with these gifting payments are advertising credits, which can be used to display ads on the Super Matrix website.

The Super Matrix Compensation Plan

The Super Matrix compensation plan sees affiliates make cash gifting payments to eachother.

These payments are tracked via a 2×4 matrix compensation structure.

A 2×4 matrix places an affiliate at the top of a matrix, with two positions directly under them:

These initial two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of the two positions into another two positions each (4 positions).

The third and fourth levels of the matrix are generated in the same manner, housing eight and sixteen positions respectively.

Each tier of the matrix is an independent cash gifting tier, requiring a Super Matrix affiliate to gift funds into the scheme.

This payment then qualifies them to receive funds from other Super Matrix affiliates as follows:

• level 1 – gift 0.06 BTC to the affiliate who recruited you and receive 0.06 BTC from two affiliates
• level 2 – gift 0.1 BTC and receive 0.1 BTC from four affiliates
• level 3 – gift 0.3 BTC and receive 0.3 BTC from eight affiliates
• level 4 – gift 1.2 BTC and receive 1.2 BTC from sixteen affiliates

Joining Super Matrix

Super Matrix affiliate membership is tied to a 0.06 BTC gifting payment to the affiliate who recruited you.

Complete participation in the Super Matrix MLM opportunity costs 1.66 BTC.

Conclusion

Under the ruse of making and receiving donations, Super Matrix operates a four-tier cash gifting scheme.

Every time members purchase an advertising package, fees go directly to their upline for a 100% commission.

Irrespective of whatever pseudo-compliance might be used to justify it, affiliates paying affiliates in MLM is cash gifting.

Luis Castillo appears to be a low-key serial participant in the MLM underbelly. He first popped up on BehindMLM in connection with the My Ad Story Ponzi scheme.

Launched around December of 2015, My Ad Story collapsed earlier this year in late August.

As with all cash gifting schemes, once recruitment of new participants dies off Super Matrix will collapse.

Being a matrix-based scheme, owners of early positions placed into the company-wide matrix stand to make off with most of the deposited funds. Naturally these belong to Luis Castillo, who will have preloaded one or more positions before taking Super Matrix live.

These positions will reach the upper matrix tiers (levels 3 and 4), leaving whatever scraps are left for the rest of the Super Matrix affiliate-base.

Mathematics guarantees that, in order for Castillo to make off with the lion’s share of invested funds, most Super Matrix affiliates will have to lose money.