BTC Auto Matrix has been generating a lot of hype recently, especially on social media.
Probably you have come across one of their affiliates pitching to people about their business opportunity.
Now you are here because you want to know whether BTC Auto Matrix is a legitimate business or a scam. Right?
Before joining any MLM company, it is important you do your research about the company.
I have done all the hard work for you and gathered all the information about the company, so that you can make an informed decision on whether to join their business or not.
My unbiased BTC Auto Matrix Review will look at the company’s owners, products and the compensation plan.
Without any further ado, let’s get straight to the facts…
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BTC Auto Matrix Review – What exactly is it?
After checking their website, I was disappointed to find that they do not provide any details regarding who owns the company or when it was first started.
This information is what most people look out for before joining any MLM company.
The fact that BTC Auto Matrix does not provide any information regarding the owners or where it is located, is a big red flag.
However, I was able to come across details regarding their website domain name “btcautomatrix.com” which was privately registered on July 11, 2017.
BTC Auto Matrix Products
BTC Auto Matrix does not have any goods or services that it retails to customers.
Affiliates who join the company only have got the affiliate membership to market.
BTC Auto Matrix Compensation Plan
If you want to join BTC Auto Matrix as an affiliate, you will be required to purchase positions in a 3 x 3 matrix cycler.
The company’s 3 x 3 matrix system places you at the top, in a matrix that has 3 positions directly below you.
The 1st level is made up of the first three positions, while the 2nd level is made up by adding three more positions below each position, to make up 9 positions.
The 3rd level is created the same way to make up a total of 27 positions.
When you first sign up as an affiliate, you will need to purchase a position that costs 0.005 BTC.
You will get a 0.002 BTC commission, when you directly or indirectly fill the three positions below you in the 1st level.
· The 2nd level pays 0.01 BTC as commission.
· The 3rd level pays 1 BTC as commission.
If you personally sponsor an affiliate who cycle out of the 1st and 2nd level, you will get a referral commission of 0.002 BTC and 0.035 BTC.
Once the 3rd level has been cycled, affiliates are required to purchase a further 0.005 BTC so that they can participate in the earning opportunity at BTC Auto Matrix.
BTC Auto Matrix Cost of joining
The affiliate membership at BTC Auto Matrix is free.
However, if you want to earn money, you will need to pay at least 0.005 BTC to buy a matrix position.
BTC Auto Matrix – The verdict
When you check online, you will find reviews that claim BTC Auto Matrix is a scam.
The problem is that most of these reviews are biased.
So what exactly is the truth?
After going through this BTC Auto Matrix review, you are probably wondering whether this company is a scam or legit?
Here is the truth about BTC Auto Matrix…
When you manage to cycle out of the 3rd level, there are two positions created within the World Best Cycler and the Straight Cycler.
These two positions are Ponzi scheme which suggests there is scamming going on at BTC Auto Matrix.
In the case of World Best Cycler, it was launched last month (June), but collapsed a month after on July 7th.
The same thing happened to Straight Cycler which saw it collapse on July 10th.
The collapse of these two models is what likely prompted the start of BTC Auto Matrix.
In the case of BTC Auto Matrix, they are using the investment affiliates are making, to pay out commissions to members.
Hence, it is a Ponzi scheme.
As the case of previous Ponzi schemes that have collapsed, the same thing will likely happen to BTC Auto Matrix one day.
My verdict is that you stay clear of this company to avoid losing money when it goes down.
Thanks for reading and I hope that you enjoyed this BTC Auto Matrix Review.
If you have any questions, please leave them below.
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