Project Ethereum Review – Legit Biz Op or Huge Scam? Find Out Here…
Welcome to my Project Ethereum Review!
I have been hearing some buzz about this company lately, so I decided to check it out for myself!
Due to the high volume of online businesses starting up on a daily basis, it can become difficult to figure out which online businesses are legit and which ones aren’t.
The absolute best way of determining if a company is worth investing in is by researching and learning about the company.
The aim of this blog is to provide you with all of the info you need to know about the company, the products, and the compensation plan.
So read on to learn everything you need to know about Project Ethereum!
Project Ethereum Review – The Company
The company runs in the cryptocurrency MLM niche and John Johnson is the CEO.
Johnson is based out of Utah and it looks like he has worked in the real estate and finance industry (loans) for numerous years.
Johnson’s Project Ethereum corporate bio states:
John Johnson has been in sales and marketing for the past two decades. John has started many different companies over the years and also spent time as a consultant for small businesses.
John was previously working within a Crypto Currency Platform and realized there as a better way to assist members on building ad [sic] receiving donations.
The “cryptocurrency platform” stated above is Bitcoin Funding Team.
The Bitcoin Funding Team was launched in February and required affiliates to donate bitcoin to one another through a 2×5 matrix.
Online traffic estimates for the Bitcoin Funding Team website shows that the company declined in early May.
Project Ethereum Reviews – The Products
The company does not offer any retail products or services.
Affiliates simply market the company affiliate membership.
The company’s affiliate membership gives access to “Crypto University”, which includes a number of cryptocurrency ebook guides.
The Project Ethereum Compensation Plan
Project Ethereum affiliates donate ether to one another through a 2×8 matrix.
A 2×8 matrix puts an affiliate at the very top of a matrix, with 2 positions directly beneath them.
The first level of the matrix is formed through these 2 positions and the 2nd level of the matrix is made by dividing the first 2 positions into a further 2 positions each (four positions).
Levels 3 to 8 of the matrix are formed in a similar fashion, with every new level holding 2 times the amount of positions as the previous level.
An affiliate first signs up and donates $90 worth of ether to a current affiliate.
This payment enables the affiliate to get $90 worth of ether from 2 affiliates sponsored into the 1st level of their matrix.
The remaining levels of the 2×8 matrix operate the same way, requiring a donation with every level before payments can be collected from other affiliates.
- Level 1 – Donate $90 worth of ether to a current Project Ethereum affiliate and get $90 worth of ether from 2 subsequently sponsored affiliates
- Level 2 – Donate $180 worth of ether and get $180 worth of ether from 4 affiliates
- Level 3 – Donate $360 worth of ether and get $360 worth of ether from 8 affiliates
- Level 4 – Donate $900 worth of ether and get $900 worth of ether from 16 affiliates
- Level 5 – Donate $1800 worth of ether and get $1800 worth of ether from 32 affiliates
- Level 6 – Donate $3600 worth of ether and get $3600 worth of ether from 64 affiliates
- Level 7 – Donate $7200 worth of ether and get $7200 worth of ether from 128 affiliates
- Level 8 – Donate $14,400 worth of ether and get $14,400 worth of ether from 256 affiliates
Keep in mind that all donating payments within the company (paid and received) are recurring monthly.
Cost to Join Project Ethereum
The cost to join Project Ethereum as an affiliate is a $90 ether donation.
Verdict on Project Ethereum
The only difference between this company and every other donation-based company is that they have opted to use ether instead of bitcoin…
It is still a type of cryptocurrency and presents the same problems as any other company operating in this niche…
With no real products or services to attract retail customers who will offer return business…
The only way this company generates income and commissions is by recruiting new affiliates to pay of earlier affiliates…
But recruitment rarely, if ever, continues to grow over time…
So when it becomes harder to find new recruits, affiliates will notice their income declining…
And that’s when companies like this collapse…
I hope you enjoyed my Project Ethereum review and if you have any questions, please leave them in the comments below…
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