Up2Give Review: Monthly bitcoin gifting scheme
Up2Give provides no information on their website about who owns or runs the company.
As I write this, Up2Give’s website demands an affiliate referral username. Once you add that in, you’re presented with a marketing video and signup form. That’s it.
Up2Give’s website domain (“up2give.com”) was privately registered on August 27th, 2019.
Further research reveals Up2Give promoters naming Jerry Lopez as CEO of the company:
I was able to verify this through a YouTube video titled “64 BTC Earning opportunity with Up2give.Full business presentation. Pre- Launch stage.”
In the video Lopez (right) identifies himself as “CEO and Founder of Up2Give” at [0:45].
Lopez’s foray into the MLM crypto underbelly appears to have begun roughly four months ago through Dunamis Global Tech.
Read on for a full review of Up2Give’s MLM opportunity.
Up2Give has no retailable products or services, with affiliates only able to market Up2Give affiliate membership itself.
Up2Give’s Compensation Plan
New Up2Give affiliates make gifting payments in bitcoin to existing affiliates.
These payments are tracked via 2×1 and 2×6 matrices.
A 2×1 matrix is simple in nature, housing only two positions required to be filled.
A 2×6 matrix expands the concept down six levels:
The first level of a 2×6 matrix houses two positions. The second level of the matrix houses four positions, the third level eight positions and so on and so forth.
Up2Give uses the 2×1 matrix as a feeder. All new affiliates start here after paying their 0.005 BTC ongoing monthly fee.
In order to recoup this fee, two affiliates must be personally recruited to fill the 2×1 matrix.
This equates to 0.01 BTC in received gifting payments each month.
These payments are used to fund entry into the 2×6 matrix.
Each level of the 2×6 matrix operates as a gifting tier as follows:
- level 1 – gift 0.01 BTC and receive 0.01 BTC from two filled positions
- level 2 – gift 0.01 BTC and receive 0.01 BTC from four filled positions
- level 3 – gift 0.02 BTC and receive 0.02 BTC from eight filled positions
- level 4 – gift 0.05 BTC and receive 0.05 BTC from sixteen filled positions
- level 5 – gift 0.25 BTC and receive 0.25 BTC from thirty-two filled positions
- level 6 – gift 1 BTC and receive 1 BTC from sixty-four filled positions
Note that unlike the 2×1 matrix feeder, positions in the 2×6 matrix can be filled via direct and indirect recruitment.
Up2Give affiliate membership is tied to an initial 0.005 BTC monthly gifting payment.
Full participation in Up2Give’s income opportunity costs 1.345 BTC a month.
Up2Give is a simple gifting scam.
New affiliates sign up and gift bitcoin to existing affiliates. These payments in turn qualify affiliates to receive gifting payments from affiliates recruited after them.
I came across the usual bullshit used to promote MLM gifting scams. Terms such as donations, causes and crowdfunding are all used.
What differentiates gifting scams like Up2Give however is payments qualifying participants to receive payments from other participants.
This is a hallmark of gifting scams. No legitimate crowdfunding, donation or “cause” platform works like this.
Gifting schemes share the same recruitment dependency as pyramid schemes, meaning once recruitment slows down they collapse.
Math dictates that when a gifting scheme like Up2Give inevitably collapses, the majority of participants lose money.