We Grow Bitcoins Review – Legit Business Opportunity or Big Scam?
Welcome to my We Grow Bitcoins Review!
With the online buzz I have been hearing about this company lately, I decided to take a closer look for myself.
I’m always interested in researching new companies so I can separate the scams from the legit business opportunities for my readers.
I know how hard you work for your money and you want to be sure your investment is a good one, right?
Well, I’m glad you’re here!
In this review, I will go over the company background, the products and the compensation plan.
So let’s learn more about We Grow Bitcoins together, shall we?
We Grow Bitcoins Review – The Company
The We Grow Bitcoins website does not provide any information about who owns or operates the company.
I did a little more digging and found out that the We Grow Bitcoins website domain was registered privately as “wegrowbitcoins.com” on the 21st of January, 2017.
When I checked out the official We Grow Bitcoins Facebook page, I found several marketing videos being shared by someone named Cory Holliman.
A quick look at Cory Holliman’s personal Facebook profile showed screenshots of the We Grow Bitcoins admin back office, which likely means he is the owner of the company.
We Grow Bitcoins Reviews – The Products
We Grow Bitcoins does not have any retail products or services to offer retail customers or affiliates.
Affiliates who join We Grown Bitcoins simply market the affiliate membership.
The We Grow Bitcoins Compensation Plan
Affiliates who want to participate in the income opportunity with We Grow Bitcoins donate bitcoin to each other through a 5×3 matrix.
This type of matrix puts an affiliate at the top of a matrix that has 5 positions right under them.
These first 5 positions make up level 1 of the matrix and level 2 is constructed by adding another 5 positions under each of the first five, for a total of 125 positions.
Level 3 is made in the same way and holds 125 positions (25 x 5).
When an affiliate signs up, they must first donate 0.01 BTC to the affiliate who sponsored them.
Once this donation is made, the affiliate then qualifies to get their own 0.01 BTC donation from 5 affiliates who have been sponsored into the first level of their matrix.
The second and third levels of the We Grow Bitcoins matrix work the same way, with donation amounts increasing as the levels go deeper.
- Level 1 – Donate 0.01 BTC to the affiliate who sponsored you and receive 0.01 BTC from 5 subsequently sponsored affiliates
- Level 2 – Donate 0.03 BTC and receive 0.03 BTC from 25 affiliates
- Level 3 – Donate 0.5 BTC and receive 0.5 BTC from 125 affiliates
All donations in We Grow Bitcoins, paid and received, recur monthly.
Cost To Join We Grow Bitcoins
The cost to join We Grow Bitcoins as an affiliate is a 0.01 BTC donation.
Verdict on We Grow Bitcoins
In the MLM world, this company is what is called a “gifting” company…
Its business model depends upon recruitment and gifting set amounts of bitcoin from one affiliate to the next…
No real products or services to attract retail customers and nothing concrete to offer its affiliates…
So when recruitment numbers dwindle…and they will…
Affiliates will look elsewhere for a more steady stream of income…
So, my advice for this company here…
Join at your own risk and keep this in mind….
I hope you enjoyed my We Grow Bitcoins review, and if you have any questions, please leave them in the comments below…
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