BitFundZA Review – Legit Biz Op or Another Scam? Find Out Here…
Welcome to my BitFundZA Review!
There has been a lot of buzz about this new company, so I decided to search the internet for more info about them…
Since this past summer in August, this company has pegged highly on the Google Trends charts, being pegged around 75 and then hitting 100 in October, but since then they’ve started to drop off the charts.
And now you must have some more questions that need answers!
I have those answers for you!
The biggest question you probably have is…
Will this company show you the profits you are expecting in return for your investment?
Well, you’ve come to the right place, because in my review I am going to take you through the company, the products and their compensation plan, so you can make the decision to join or not…
Let’s take our first look at the company!
BitFundZA Review – The Company
This company does not offer any info on their website regarding who the owner is or who’s there running the business either.
A little digging and searching online reveals that the BitFundZA website domain was registered privately as “bitfundza.co” on the 16th August 2017.
Additional research showed that the company website is using a favicon that’s also hosted on website domain for Loop and Beyond.
If you were to take a stopover to the website of Loop and Beyond, it will again show you something, what is that you may ask?
Yes, it’s a duplicate, a clone, an identical twin, an exact replica of the BitFundZA website.
Even earlier this summer was the launch of the Loop and Beyond website domain, registering a bit earlier than BitFundZA, on the 6th of July in 2017, which definitely indicates it was a staging site prior to the main website going live.
Ketan Singh registered for the Loop and Beyond website domain, by using an apartment address in the US state of New Mexico.
Okay, so a little more info, the name Ketan Singh belongs to a popular actor from India, and the Loop and Beyond domain seems to use name-servers that are Indian as well.
It is behind CloudFare, so I cannot say for sure, but it is very possible the company is on the same server as Loop and Beyond.
While searching the internet I could not find any info out there that connected Singh to the company other than the registered domain that’s accessible.
Saying this, it’s also likely that whoever is in charge of operating the business is probably living somewhere in India.
However, there’s one more option as to where this company may be operating from, gathered from the data from Alexa, which shows that the main source of site visitors is from the UK.
BitFundZA Reviews – The Products
The company has no retail products or services for affiliates to sell or purchase.
However, affiliates who wish to sign up with BitFundZA are able to market the company affiliate membership.
The BitFundZA Compensation Plan
Affiliates who want to participate in the company compensation plan are required to sign up and become a member, which comes with a minimum donation payment.
If you want to fully participate, there’s a 5.061 BTC ongoing monthly donation required.
The company affiliates donate bitcoin to other affiliates through a 3×5 matrix model.
The 3×5 matrix compensation model puts an affiliate at the top of a matrix, where there are three positions placed directly beneath the affiliate.
The 3 positions under the original affiliate make up level 1 of the compensation matrix model and Level 2 is made by dividing these 3 positions into another 3 positions each (now having 9 positions on level 2).
And Levels 3 – 5 of the matrix are made in the same way as level 2, where every new level now holds 3x as many positions as the level before it.
New affiliates must donate 0.0035 BTC to the affiliate who sponsored him or her into the compensation matrix.
This donation now makes that new affiliate eligible to receive 0.0035 BTC donation payments from 3 subsequently sponsored affiliates.
The next 4 matrix levels will work the same way, where every new level will increase donation payments that are paid and received.
- Level 1 – Donate 0.0035 BTC to the affiliate who sponsored you and receive 0.0035 BTC from 3 subsequently affiliates
- Level 2 – Donate 0.0075 BTC to your second upline and receive 0.0075 BTC from 9 affiliates
- Level 3 – Donate 0.05 BTC to your third upline and receive 0.05 BTC from 27 affiliates
- Level 4 – Donate 1 BTC to your fourth upline and receive 1 BTC from 81 affiliates
- Level 5 – Donate 4 BTC to your fifth upline and receive 4 BTC from 243 affiliates
The second upline for an affiliate is described by the company as the affiliate who sponsored the affiliate who sponsored them.
The third upline for an affiliate is described by the company as the affiliate who sponsored the second upline, and this goes on and on.
Cost To Join BitFundZA
The cost to join BitFundZA as an affiliate is the minimum month-to-month donation payment of 0.0035 BTC.
However, if you would like to fully participate in the business opportunity and their compensation plan, there will be a cost of 5.061 BTC that continues on a 30-day cycle.
Verdict on BitFundZA
The truth is any company that asks you to “donate” anything makes it a gifting scheme…
Now if you were getting some kind of product or service at the retail lever for that BitCoin that would have been alright, but that’s not the case…
I guess these gifting schemes have migrated over to Bitcoin because it’s harder to recover due to the lack of regulations…
Anyway, I personally do not recommend joining a company like this…
I hope you enjoyed my BitFundZA review and if you have any questions please leave them in the comments below…
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