Bitcoin Funding Team Review – Legit Business or Big Scam?
Welcome to my Bitcoin Funding Team Review!
Whether you have been on the MLM scene for years or this is your first venture, it is always good practice to thoroughly research any company you are thinking of joining.
Learning everything you can about the company before signing up will help you determine whether your investment will be in good hands or not.
My review is here to give you an honest look at the company, their products and the compensation plan they offer.
So let’s get right to it!
Bitcoin Funding Team Review – The Company
So the first thing I noticed is that the company website doesn’t provide any information on who owns or operates Bitcoin Funding Team.
I did manage to find out that the Bitcoin Funding Team website domain was privately registered as “bitcoinfundingteam.com” on the 3rd of February, 2017.
I also discovered that the Bitcoin Funding Team website is hosted on the same private server that hosts the domain “2forsuccess.com”.
2ForSuccess was a blog mastery course that was launched in late 2016, however a quick visit to the website today revealed that the domain is no longer in service.
I did a little digging into 2ForSuccess and it seems that those who promoted it are now part of the Bitcoin Funding Team promotion.
Bitcoin Funding Team affiliates identify Thomas Dluca as the company’s founder.
A little research revealed that in 2015 Thomas Dluca was promoting a business opportunity called Magic 10 Marketing.
Dluca was also promoting a bitcoin company called Fund My Cause earlier this year.
Bitcoin Funding Team Reviews – The Products
Bitcoin Funding Team doesn’t offer any retail products or services.
However, affiliates who join Bitcoin Funding Team can market and sell the affiliate membership.
The Bitcoin Funding Team Compensation Plan
Affiliates who want to participate in the Bitcoin Funding Team compensation plan are required to donate bitcoin to each other through a 2×5 matrix.
A Bitcoin Funding Team 2×5 matrix puts an affiliate at the top of a matrix that has 2 positions immediately underneath them.
These first 2 positions make up the first level of the matrix and the second level is made by adding another 2 positions under each of the first two, for a total of 4 positions.
Matrix levels 3 to 5 are made the same way, with each subsequent level holding twice as many positions as the level above it.
Once a Bitcoin Funding Team affiliate joins, they must donate 0.1 BTC to their sponsoring affiliate.
When this payment is made, the affiliate then qualifies to get their own 0.1 BTC from two affiliates who are sponsored into the first level of their matrix.
The rest of the matrix levels work the same way, with the amounts donated at each level being the only difference:
- Level 1 – Donate 0.1 BTC to the affiliate who sponsored you and receive 0.1 BTC from 2 subsequently sponsored affiliates
- Level 2 – Donate 0.2 BTC and receive 0.2 BTC from 4 affiliates
- Level 3 – Donate 0.4 BTC and receive 0.4 BTC from 8 affiliates
- Level 4 – Donate 1 BTC and receive 1 BTC from 16 affiliates
- Level 5 – Donate 2 BTC and receive 2 BTC from 32 affiliates
Cost To Join Bitcoin Funding Team
The cost to join Bitcoin Funding Team as an affiliate is a 0.1 BTC donation payment.
In order to fully participate in the Bitcoin Funding Team compensation plan, it will cost 3.7 BTC.
Verdict on Bitcoin Funding Team
I’ve been seeing a lot of these companies lately…
And it may be because bitcoin has been in the news a lot lately…
But these types of companies still present the same problem…
With no real products or services to offer their affiliates or attract retail customers…
Companies like this tend not to have staying power…
Donation or “gifting” companies rely heavily on recruitment…
But once the initial frenzy dies down, affiliates will see a decrease in income…
And once that happens, they will start looking for another company to join…
So at this point, my advice is join at your own risk…
I hope your enjoyed my Bitcoin Funding Team review, and if you have any questions, please leave them in the comments below…
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