BTC Madness Review – Legit Business or Big Scam? Let’s Find Out…
Welcome to my BTC Madness Review!
With so many new MLM companies starting up daily, how can you be sure that you are joining the right one?
Investing your hard-earned money is a big decision and you want to be sure that your investment is in good hands!
One of the most important things you should do before making your decision is research.
Find out everything you can about the company and what they offer.
My review will cover the company background, their product line and the compensation plan they offer.
So let’s get right to it!
BTC Madness Review – The Company
I couldn’t find any concrete information on the company website about who owns or operates BTC Madness.
A little more research did reveal that the BTC Madness website domain was registered privately as “btcmadness.biz” on the 7th of December, 2016.
There four admins listed on the official BTC Madness Facebook page, which are Jayguar W, Helina Kebede, Steve John and Jane Smith.
Steve John arrived on the MLM scene earlier this month as the admin of 2×9 BitMax.
There isn’t a known reason as to why BTC Madness is being launched just a few weeks after BitMax.
BTC Madness Reviews – The Product
BTC Madness does not offer any retail products or services.
Affiliates who join BTC Madness can only market and sell the affiliate membership.
Once an affiliate signs up, they must buy matrix cycler positions.
Every matrix position purchase comes with various ad credits, which affiliates can use to display advertising on the company website.
The BTC Madness Compensation Plan
Affiliates who choose to participate in the BTC Madness compensation plan must purchase positions in a matrix cycler that features 3 levels.
BTC Madness uses three matrix sizes in their cycler, which include 2×1, 4×1 and 8×1.
A 2×1 matrix puts affiliate at the top of a matrix that has 2 positions right under them.
A 4×1 and 8×1 matrix work the same way, but have 4 and 8 positions to fill.
Matrix positions are filled when new and current BTC Madness affiliates buy new cycler positions.
Once all of the matrix positions are filled, a “cycle” occurs and commissions are paid out like so:
- Level 1 (2×1 matrix, positions cost $15) – $5 commission and cycles into Level 2
- Level 2 (4×1 matrix) – $25 commission and cycles into Level 3
- Level 3 (8×1 matrix) – $400 commission and generates one new Level 1 and Level 2 positions and two new Level 3 positions
Once an affiliate cycles out of Level 3, their sponsoring affiliate earns an $80 referral commission.
Cost To Join BTC Madness
The cost to join BTC Madness as an affiliate is $5 in addition to the purchase of a minimum of one $15 cycler position.
Any and all payments within BTC Madness are made through bitcoin.
Verdict on BTC Madness
Cycler business opportunities depend heavily on recruitment…
In order to keep the cycles moving and payments going, affiliates needs to continually be recruiting…
So, what is the problem with this format?
Well, it means that you must be very good at recruiting, and not everyone is…
But the biggest problem is that recruitment will eventually die down…
Because there are no real products or services to attract retail customers…
So when the frenzy dies down and recruitment inevitably slows down, so will the income….
So, if you do choose to join this company, do so at your own risk with this in mind…
I hope you enjoyed my BTC Madness review, and if you have any questions, please leave them in the comments below…
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