VertigoBTC Review: 2×3 matrix-based bitcoin cash gifting
There is no information on the VertigoBTC website indicating who owns or runs the business.
The VertigoBTC website domain (“vertigobtc.com”) was registered on the 2nd of November 2016, however the domain registration is set to private.
Alexa currently estimate that India is the largest source of traffic to the VertigoBTC website, suggesting this is likely where it is being operated from.
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 VertigoBTC Product Line
VertigoBTC has no retailable products or services, with affiliates only able to market VertigoBTC affiliate membership itself.
The VertigoBTC Compensation Plan
The VertigoBTC compensation plan sees affiliates gift bitcoin to eachother through a 2×3 matrix.
A 2×3 matrix places an affiliate at the top of a matrix, with two positions directly under them:
The second level of the matrix is generated by splitting each of the first level positions into another two positions each (4 positions).
The third level is generated in the same manner (8 positions), with a complete 2×3 matrix housing 14 positions.
A VertigoBTC affiliate enters the matrix by gifting 0.05 BTC to the affiliate who recruited them.
This payment unlocks the first level of their matrix, qualifying them to receive 0.05 BTC from two subsequently recruited affiliates.
Levels two and three of the matrix operate in the same manner, increasing both the amount gifted and how many gifting payments are received:
- level 1 – gift 0.05 BTC to the affiliate who recruited you and receive 0.05 BTC from two affiliates
- level 2 – gift 0.08 BTC and receive 0.08 BTC from four affiliates
- level 3 – gift 0.25 BTC and reveive 0.25 BTC from eight affiliates
Note that the above payments (both paid and received) are all fifteen days recurring.
VertigoBTC affiliate membership is 0.05 BTC every fifteen days.
Vertigo is a program member to member, get your financial freedom with only 0.05 BTC (35$)
Anytime you see “member to member” in MLM it’s code for cash gifting.
Under the guise of making and receiving donations, new VertigoBTC affiliates gift funds to existing affiliates in the hope that they’ll receive funds from affiliates who join after them.
Nothing is marketed to or sold to retail customers, with all payments within VertigoBTC gifted between affiliate participants.
The use of matrix levels to track payments sees most of the funds deposited into VertigoBTC passed up to affiliates who join first, including the anonymous admin(s) running the show.
Everybody else gets what’s left, with the majority of affiliates losing out when VertigoBTC inevitably collapses.
VertigoBTC’s use of bitcoin means victim fund recovery is slim to none, with most victims having to go after whoever recruited them.