Referers Earn Bitcoin Review – Legit Business or Big Scam?
Welcome to my Referers Earn Bitcoin Review!
Maybe you have heard of this company through social media or you have been approached by someone promoting it.
Either way, you want to learn more about this company to determine whether or not it is legit, right?
So how can you do this?
By doing exactly what you are doing already! Reading my review!
This review will cover the company background, the products and the compensation plan.
Read on to learn more about Referers Earn Bitcoin!
Referers Earn Bitcoin Review – The Company
I couldn’t find any real information on the company website about who owns or operates Referers Earn Bitcoin.
I did manage to find out that the Referers Earn Bitcoin website domain was registered as “referersearnbtcoin.biz” on the 12th of January, 2017.
The registration lists Robert Mcatamney out of Queensland, Australia as the owner.
Mcatamney first arrived on the MLM scene as the admin of One Time Infinity in 2015.
Mcatamney has launched several other opportunities since 2015, including Cash Money Bucket, 3to600, VIP Promoters Club, Simple Simon’s System and 3 Phases Biz.
The last business, 3 Phases Biz, was launched in late 2016 and claimed affiliates could earn a $3000 ROI on an $8.50 investment.
Website traffic estimates reveal that 3 Phases Biz didn’t seem to take off, which is probably why Mcatamney launched Referers Earn Bitcoin.
Referers Earn Bitcoin Reviews – The Products
Referers Earn Bitcoin does not offer any retail products or services.
Affiliates who sign up with Referers Earn Bitcoin can only market and sell the affiliate membership.
The Referers Earn Bitcoin Compensation Plan
Affiliates who want to take part in the Referers Earn Bitcoin compensation plan must gift bitcoin to each other through a five-tier 3×1 matrix cycler.
So what does the Referers Earn Bitcoin 3×1 matrix look like?
It puts an affiliate at the top of a matrix that has 3 positions under them to fill.
Affiliates fill these positions when new and existing affiliates purchase positions.
Once an affiliate successfully fills these first 3 positions, they earn a commission and the position cycles into the next tier of the cycler.
The five-tier cycler commissions look like this:
- Matrix 1 (Positions cost 0.01 BTC) – no commission and cycles into Matrix 2
- Matrix 2 – 0.01 BTC commission and cycles into Matrix 3
- Matrix 3 – 0.03 BTC commission and cycles into Matrix 4
- Matrix 4 – 0.08 BTC commission and cycles into Matrix 5
- Matrix 5 – 1.65 BTC commission
There is also an additional referral commission fee of 0.005 BTC that must be paid to the affiliate who sponsored you.
When this payment is made, affiliates qualify to collect 0.005 BTC from each subsequent affiliate they sponsor.
Cost To Join Referers Earn Bitcoin
The cost to join Referers Earn Bitcoin as an affiliate is a 0.005 BTC payment to the affiliate who sponsored you.
Affiliates are also required to purchase a minimum of one 0.01 BTC cycler position in order to participate in the attached compensation plan.
The moment you have been waiting for in this Referers Earn Bitcoin Review!
Verdict On Referers Earn Bitcoin
This company would have been fine if they had some kind of RETAIL products to back up their affiliate membership…
But NooOOoooOO… that’s just too hard right?
Just build something that will shove a bunch of people in the matrix and once recruitment slows down, ditch it and start up another one…
But starting a good company with legit products from the beginning is just too hard right?
Sorry, just had to put that in there, I am just getting tired of most of these companies that are popping up provide no real value to their end user.
This is nothing but a pyramid scheme and it’s not a legit MLM.
That is the truth, but end of the day you can do whatever you want…
I hope you enjoyed my Referers Earn Bitcoin review and if you have any questions, leave them in the comments below…
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