Ride The Litecoin Review – Legit Business or Big Scam? Find Out Here…
Welcome to my Ride The Litecoin Review!
With hundreds of new MLM companies popping up out of the blue in the industry everyday, it can be really hard to determine which ones are legit and which ones are going to end up costing you…
So how can you figure out which one is the right company for you and your financial needs?
Read and learn as much as you can about a company before proceeding full speed ahead.
This blog will help you determine just that, by providing you with the essential info you need about the company’s history, their products offered, and the compensation plan used by the company…
So, let’s get this blog in motion!
Ride The Litecoin Review – The Company
When you visit the company website, you will notice that there is no information posted online about who the owners or operators of the company are.
After a little digging, I was able to find that the Ride The Litecoin website domain was registered privately as “ridethelitecoin.tech” on the 28th of September in 2017.
I also noticed that there was advertising for the BitFundZA YouTube channel along with marketing material found on the company social media profiles about BitFundZA, which suggests that the owner may have a hand in both companies.
BitFundZA started up in October of 2017 and then around December of 2017, it started to go downhill.
There is also another company, Privilege Car Club, advertised on the company’s social media accounts which suggests the owner may be part of this company as well.
The main source of visitor traffic to the company website seems to be visitors from India coming in at 97%, which is also the main source of traffic to the BitFundZA website as well.
Ride The Litecoin Reviews – The Products
Ride the Litecoin doesn’t have any products or services for affiliates to sell or purchase.
But anyone wanting to sign up as an affiliate with Ride the Litecoin can market the company affiliate membership.
The Ride The Litecoin Compensation Plan
Affiliates looking to take part in the company compensation plan must sign up and invest into the company.
A 3×5 matrix is used by the company for affiliates to donate litecoin to each other.
The 3×5 matrix puts an affiliate onto the top of the matrix, where 3 positions are right underneath the top affiliate.
These 3 positions now create the first level of the matrix and the second level of the matrix is created by dividing each position on the first level into another 3 positions each (where the second level will hold 9 positions total).
In the 3×5 matrix, the third, fourth and fifth levels are created in the same respect, and each new level will hold 3X the amount of matrix positions than the level before it.
Within the matrix, each level will function independently as a tier for donations.
When new affiliates sign up with the company, they are to donate 0.035 LTC to a prior affiliate of the company.
This new donation will open access to the 1st level within the 3×5 matrix.
Matrix positions on level 1 of the 3×5 matrix are filled through direct and indirect sponsorship of new company affiliates.
Levels 2 to 5 within the matrix will be filled when prior affiliates donate larger amounts to each other.
Here is an outline of the donations made throughout the company’s 3×5 matrix:
- Level 1 – Donate 0.035 LTC to an existing affiliate and receive 0.035 LTC from three affiliates
- Level 2 – Donate 0.075 LTC to an existing affiliate and receive 0.075 LTC from nine affiliates
- Level 3 – Donate 0.5 LTC to an existing affiliate and receive 0.5 LTC from twenty-seven affiliates
- Level 4 – Donate 3 LTC to an existing affiliate and receive 3 LTC from eighty-one affiliates
- Level 5 – Donate 9 LTC to an existing affiliate and receive 9 LTC from two hundred and forty-three affiliates
Cost To Join Ride The Litecoin
The cost to join Ride The Litecoin as an affiliate with a membership requires a donation of 0.035 LTC minimum.
It will cost 12.61 LTC if affiliates would like to fully participate in the company and income opportunity.
Verdict of Ride The Litecoin
Excellent, you’ve made it to the end of my review, and now I can say that I do not think this company is 100% legit…
This company is presenting itself as a company that uses “crowdfunding donations” when it’s really a gifting scam.
“Ride The Litecoin is a Dencentralized, Crowd Funding Platform, where global citizens have all the power and can raise money for their causes every month.”
The real deal with these “causes” is that it is code for affiliate’s bank accounts, and not anything closely related to causes close to your heart that are in need of funding.
And what happens in this business opportunity is company affiliates go and sponsor new affiliates who in turn gift payments to prior members of the company.
And then the new affiliates will continue this cycle by sponsoring newer affiliates themselves, and those new affiliates will continue giving gifting payments too.
Then as time passes, affiliates will gift bigger and bigger amounts.
In the end, those truly benefitting from the gifting scam are the owners and operators of the business opportunity.
The owners and operators benefit by having pre-loaded administrator matrix positions and they are gifted more and more within each level of the matrix.
The owners and operators enter the company-wide matrix first, this way they can unlock higher matrix levels.
And this is where most of the money ends up…in the higher levels…
My advice? Be careful with this company as you are likely to lose your investment…
I hope you enjoyed my Ride The Litecoin review and if you have any questions, please leave them in the comments below…
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