Thanks for stopping by and reading my BTChamp Review! Why are some people calling this a Six-Tier Bitcoin Cash Gifting
Lets dig a bit and see if it’s legit or just another online scam.
BTChamp Review – The Company
The BTChamp website classifies Kasa Navakantha Rao as administrator of the company.
Rao is based out of India, which is seemingly where BTChamp is being operated from.
Back in September of 2016, Rao was promoting ZarFund, a bitcoin-based cash gifting scheme. Earlier in 2016, Rao was endorsing Power Hashing, a 25-month ROI Ponzi scheme.
Read on for my complete review.
BTChamp Product Line
The BT program has absolutely no retailable products or services to speak of, with members only capable of marketing BTChamp membership itself.
BTChamp Compensation Plan
BTChamp members gift bitcoin to each other through a 2×6 matrix.
Said 2×6 matrix puts a BTChamp member at the top of a matrix, with two spots directly underneath them.
These two spots form the initial level of the matrix. The second level of the matrix is produced by dividing these first two spots into another two spots each (4 spots).
The third to sixth levels of the matrix are produced in the same manner, with each succeeding level holding twice as many spots as the previous level.
Each level of the BTChamp matrix functions as an individual cash gifting tier.
A BTChamp members begins by gifting 0.0005 BTC to the member who recruited them.
This payment then qualifies the member to receive 0.0005 BTC from two members recruited into the initial level of their matrix.
Gifting payments across the other five matrix levels function in the same manner, the only difference being the amounts gifted as follows:
- level 1 – gift 0.0005 BTC to the member who recruited you and receive 0.0005 BTC from two later recruited members
- level 2 – gift 0.0009 BTC and receive 0.0009 BTC from four members
- level 3 – gift 0.003 BTC and receive 0.003 BTC from eight members
- level 4 – gift 0.014 BTC and receive 0.014 BTC from sixteen members
- level 5 – gift 0.15 BTC and receive 0.015 BTC from thirty-two members
- level 6 – gift 1.8 BTC and receive 1.8 BTC from sixty-four members
Take Note: All gifting payments in BTChamp, both paid and received, are on a 180-day subscription.
Joining BT Champ
BTChamp membership is completed by a 0.0005 BTC gifting payment to the member who recruited you every 180 days.
Complete participation in the BTChamp compensation plan costs 1.9684 BTC every 180 days.
The bottom line is?
On his Facebook profile, Kasa Rao refers to BTChamp as a “P2P Member to Member Donation System”.
Whenever you see “peer to peer”, “member to member” or “donation” used to describe an MLM opportunity, there is a very good chance that it is nothing more than a cash gifting scheme.
Over a 2×6 matrix, BT Champ members gift bitcoin to one another. There is absolutely no rationalization for this. It is just simply cash gifting.
After making a little money or, more likely, losing money in ZarFund, Rao has caught on that it is much more lucrative to run a cash gifting scam than it is to participate in one.
The reason for this being that in these matrix-based gifting schemes, the administrators preload one or more spots at the top of the company-wide matrix.
BTChamp – My Full Conclusion
Over pass-ups on each matrix level, this safeguards that they receive the mainstream of funds deposited into the scheme.
And again, as with all cash gifting schemes, once member recruitment slows down, payments in BT Champ will end.
What happens then? As the website states:
“We reserve the right to add or remove features and modify any functionality, make changes on how the platform works, manage memberships, within BTChamp, and otherwise make changes to the service and this agreement without notice. All donations you willingly and directly send to a fellow participant are final. No refunds.”
BT Champ ultimately fails, and Rao disappears, and you lose your money.
Oddly, Rao seems to think BT Champ member recruitment will go on forever. He says:
“In the unlikely event that this program should ever terminate its operations, it’s creator, operators, employees, assigns and successors shall not be held liable for any loss whatsoever to our members.”
Cash gifting schemes are always certain to fail. There is absolutely nothing “unlikely” about it!
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