If you landed here your probably looking for a complete Team1Bitcoin Review! Congrats you have found it.
Is this 2×5 Matrix Bitcoin Cash Gifting MLM legit or just some scam? Lets dig a bit.
Team1Bitcoin Review – The Company
There is absolutely no information at all on the Team1Bitcoin website signifying who owns or runs the business.
Over the past few years bitcoin has really started to take off most being in question whether legit or possible a scam. If you are in MLM I’m sure you are familiar with probably the most popular one OneCoin.
The Team1Bitcoin website domain, team1bitcoin.com, was privately registered on January 6, 2016.
When you go to the Team1Bitcoin website a message at the top of the page informs you that you’ve been “invited by admin”. If you then click register your referring member is “rescue hutton”.
This is a static referral link and seems to be the Team1Bitcoin administrator account.
Additional research discloses that “rescue hutton” is actually “Hutton Rescue”, an Ultimate Cycler member.
Rescue is based out of Port Harcourt in Rivers State, Nigeria. In addition to participating in the Ultimate Cycler Ponzi scheme, Rescue is also a member with MMM West Africa and MMM Nigeria (both clones of the failed MMM Global Ponzi scheme).
Rescue organizes his scamming through the website Rescue Nigeria. Interestedly, Team1Bitcoin is not even advertised on the site.
Read on for my complete review.
Team1Bitcoin Product Line
Team 1 Bitcoin has no retailable products or services at all, with members only capable of marketing Team 1 Bitcoin membership itself.
Team1Bitcoin Compensation Plan
Team 1 Bitcoin members gift bitcoin to each other through a 2×5 matrix.
The 2×5 matrix puts a member at the top of a matrix, with 2 spots directly underneath them.
These two spots form the initial level of the matrix. The second level of the matrix is produced by dividing each of these two spots into another two spots each (4 spots).
Levels three to five of the matrix are produced in the same manner, with each new matrix level holding twice as many spots as the preceding level.
A Team 1 Bitcoin member starts by gifting 0.002 BTC to the member who recruited them.
This payment qualifies the member to receive 0.002 BTC from two recruited members put into the initial level of their matrix.
The other 4 matrix levels function in the same manner, with each new level increasing the amounts gifted.
- level 1 – gift 0.002 BTC to the member who recruited you and receive 0.002 BTC from two subsequently recruited members
- level 2 – gift 0.003 BTC and receive 0.003 BTC from four members
- level 3 – gift 0.01 BTC and receive 0.01 BTC from eight members
- level 4 – gift 0.05 BTC and receive 0.05 BTC from sixteen members
- level 5 – gift 0.5 BTC and receive 0.5 BTC from thirty-two members
Team1Bitcoin membership is completed by a 0.002 BTC gifting payment to the member who recruited you.
Because he most likely lost money in Ultimate Cycler and the other various MMM Global scams he’s participated in, Hutton Rescue has realized that owning scams is far more profitable than participating in them.
And now here we are at Team1Bitcoin, which isn’t any different from the outbreak of bitcoin gifting schemes launching at present time.
New Team1Bitcoin members gift bitcoin to the person who recruited them. That payment qualifies them to receive payments from members recruited after them.
Most of the funds gifted between members are ultimately passed up to preloaded administrator spots which are held by Hutton Rescue.
Bottom line, members who joined early get what’s left, with most losing out when recruitment dies out and Team1Bitcoin ultimately fails.
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