RiseBits Review – Legit Opportunity or Big Scam? Find Out Here…
Welcome to my RiseBits Review!
I have been hearing some buzz about this company, so it’s time for another review!
As they say in sports, the best defense is a good offense; so being pro-active and researching a company before investing is the way to go!
In this review I will talk about the company, their products and their compensation plan.
So, without further ado, let’s get to it!
RiseBits Review – The Company
I wasn’t able to find any information on the company website about who owns or operates RiseBits.
Registered on the 14th of October, the RiseBits website domain, “risebits.com” is privately registered.
An official Facebook group for RiseBits was created on November 15th by Facebook user “Rahul Singh”.
However, it should be noted that the Rahul Singh Facebook profile was created only one day earlier, on November 14th.
I believe if you launch a company, you should be transparent completely to increase trust in the marketplace…
People want to join work from home businesses that work and that can be trusted 🙂
RiseBits Reviews – The Products
I noticed that RiseBits does not offer any retail products or services, instead affiliates who join can only promote and sell the RiseBits affiliate membership.
Once an affiliate signs up, they are required to pay money to other affiliates, after which they are provided with ad credits.
Affiliates then use these ad credits to put up advertising on the company website.
The RiseBits Compensation Plan
In order to take part in the RiseBits compensation plan, new affiliates must sign up and donate 0.007 BTC to the affiliate who sponsored them.
Once this payment is made, the affiliate then qualifies to receive payments from their own sponsored affiliates.
The compensation plan is tracked by a 3×4 matrix.
What is a 3×4 matrix for RiseBits?
This structure puts an affiliate at the top of a matrix that has three positions right underneath.
These first three positions make up the first level of the matrix and the second level is made by adding another three positions under each of the first three.
Levels 3 and 4 of the matrix are made the same way, with a completed 3×4 matrix holding 120 positions.
Gifting payments through the four matrix levels looks like this:
- Level 1 – Donate 0.007 BTC every 20 days to the affiliate who sponsored you and receive 0.007 BTC from three affiliates
- Level 2 – Donate 0.018 BTC every 45 days and receive 0.018 BTC from nine affiliates
- Level 3 – Donate 0.1 BTC every 75 days and receive 0.1 BTC from twenty-seven affiliates
- Level 4 – Donate 1.5 BTC every 105 days and receive 1.5 BTC from eighty-one affiliates
Cost To Join RiseBits
The cost to join RiseBits as an affiliate is associated with a minimum gifting payment of 0.007 BTC every 20 days.
In order to fully participate in the RiseBits opportunity, it will cost 1.625 BTC over a set recurring subscription period.
RiseBits Review – The Verdict
It looks like another BitCoin gifting scheme and reminds me of a review I did on BCoinshare…
They both use the word “donate” and have matrix compensation plan structures.
The problem with these matrix compensation plan structures are they are pre-loaded with admin positions and then people like you join…
Once recruitment slows down, the company goes under and they start up another one…
The admin makes the money and because they are not transparent about who they are, they can just launch another company and start all over again.
You see the problem here?
I think you are smart enough to spot it 🙂
Anyway, I hope you enjoyed my RiseBits review and if you have any questions, leave them in the comments below…
Jesse What Do You Recommend?
If you already joined RiseBits, this still applies to you because you should never put all your eggs in one basket…
After reviewing hundreds of companies and systems…
It’st he only system where you are going to learn step by step on how to build a profitable business online with the right training, tools and one on one coaching to make sure you are on track.
Take a look at my recent results:
In other words, it works!
You will thank me later 🙂
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