Read further and I will take you step by step!
There is absolutely no information whatsoever on the RiseBits website signifying who owns or runs the business.
The RiseBits website domain, risebits.com, was privately registered on October 14, 2016.
The Rise Bits official Facebook group was made on November 15, 2016 by a Facebook profile by the name of “Rahul Singh”.
The Rahul Singh Facebook profile seems to be phony, having just been created a day earlier on November 14, 2016.
It is worth saying that copy on the “about us” page of the Rise Bits website is also presented on Super Matrix and LifeBTC.
Super Matrix and LifeBTC are both cash gifting Ponzi schemes launched last month.
Luis Castillo is the administrator behind Super Matrix. Whether he is also behind RiseBits is uncertain, but very likely.
And, always keep in mind, if an MLM company is not willingly truthful about who is running or owns it, think long and hard about joining and/or handing over any money.
RiseBits Product Line
RiseBits has absolutely no retailable products or services, with affiliates only capable of marketing Rise Bits affiliate membership itself.
Rise Bits affiliates will pay money to other affiliates. As these payments are established, Rise Bits provides affiliates with ad credits.
These ad credits can be used to display advertising on the RiseBits website.
RiseBits Compensation Plan
The RiseBits compensation plan has new affiliates sign up and gift 0.007 BTC to the affiliate who recruited them.
This makes the affiliate eligible to receive gifting payments from successively recruited affiliates, tracked through a 3×4 matrix.
This 3×4 matrix puts an affiliate at the top of a matrix, with 3 spots directly underneath them.
These 3 spots form the initial level of the matrix. The 2nd level of the matrix is created by dividing each of the 3 spots into another 3 spots each.
The 3rd and 4th levels of the matrix are created in the same manner, with a whole 3×4 matrix holding 120 spots.
Gifting payments across the 4 matrix tiers are as follows:
- level 1 – gift 0.007 BTC every 20 days to the affiliate who recruited you and receive 0.007 BTC from three affiliates
- level 2 – gift 0.018 BTC every 45 days and receive 0.018 BTC from nine affiliates
- level 3 – gift 0.1 BTC every 75 days and receive 0.1 BTC from twenty-seven affiliates
- level 4 – gift 1.5 BTC every 105 days and receive 1.5 BTC from eighty-one affiliates
Joining RiseBits – How Much?
Rise Bits affiliate membership is completed by a minimum 0.007 BTC gifting payment every 20 days.
Complete participation in the Rise Bits MLM opportunity is 1.625 BTC over a staggered repeated subscription period.
RiseBits – My Conclusion
Rise Bits is nevertheless another cash gifting bitcoin scheme, with a twist on the customary once-a-month payment model.
In Rise Bits, the upper matrix gifting tier payments are made at 70 days and 105 days recurrent.
I presume the idea is that it will feel like less of a hit to affiliates in the lower matrix tiers when the time comes to “upgrade”.
In truth though, the mainstream of monies deposited into RiseBits are still moved to spots in the upper tiers.
Listen, most of the spots in these tiers, at least at first, will have been preloaded by the nameless Rise Bits admins.
This guarantees that the majority of deposited funds are paid to the admins, with whatever may be left dispersed to the rest of the RiseBits affiliate-base.
And, as with all cash gifting schemes, once recruitment of new affiliated slows down, Rise Bits will ultimately collapse.
My calculation promises that the mainstream of RiseBits affiliates will definitely lose money.
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