BTChamp Review – Is This A Good Opportunity Or Big Scam?
BTChamp has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling BTChamp.
I have simply gathered for you all the facts in this BTChamp Review in order for you to make a proper decision about it.
So, is it true? Is BTChamp a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is BTChamp?
In today’s review, I’m going to be taking a look at the MLM opportunity by the name of BTChamp. The BTChamp website indicates that someone by the name of Navakantha Rao is the one and only admin for the entire operation, and seeing as how Rao is based out of India, it’s quite likely that this is where BTChamp is being run out of as well.
September of 2016 saw Rao doing quite a bit of marketing and promoting for ZarFund (a cash gifting scheme that used bitcoin for all transactions), and prior to that, Rao was also doing some advertising for Power Hashing (a Ponzi scheme that advertised a 25-month ROI).
It’s nice to be able to associate a real person to BTChamp that has an MLM history, but that history isn’t a good one at all. The only MLM opportunities that Rao has been involved with have been schemes or scams of some sort, and that’s quite telling of what to expect with his latest venture with BTChamp.
What Are The Products For BTChamp?
Moving right along with this review, the next thing to talk about is the product line that BTChamp is offering.
Unfortunately, in this case, there’s not a lot to talk about in these regards at all.
BTChamp doesn’t have any form of product line established, meaning that there aren’t any goods or services to talk about that are being marketed or sold to retail customers.
As a side effect of this, this also means that there is a complete and total absence of any retail sales activity.
This is a move that is only ever really seen with opportunities in the MLM underbelly, and considering Rao’s history of the multi-level marketing world, this isn’t surprising in the slightest.
What Is The Compensation Plan For BTChamp?
As for the compensation plan, affiliates for BTChamp make money by gifting bitcoin to one another through the use of a 2 x 6 matrix system.
Each level of the matrix that BTChamp is using acts as its own independent unit, and the first level starts out with affiliates gifting 0.0005 BTC to the affiliate that recruited them to join the opportunity.
Once this gift payment has been received by the recruiting affiliate, the affiliate that gifted the money is then able to receive that same amount as a gift payment of their own from two other affiliates that join the company after them.
This same general process goes on for five other levels after this, and they work out as follows –
- Level 2 – affiliates gift 0.0009 BTC and then earn the same amount from four affiliates
- Level 3 – affiliates gift 0.003 BTC and then earn the same amount from eight affiliates
- Level 4 – affiliates gift 0.014 BTC and then earn the same amount from sixteen affiliates
- Level 5 – affiliates gift 0.15 BTC and then earn the same amount from thirty-two affiliates
- Level 6 – affiliates gift 1.8 BTC and then earn the same amount from sixty-four affiliates
In addition to all of this information, it’s also worth mentioning that all of these payments recur on a basis of every 180 days.
What’s Does It Cost To Join BTChamp?
If you’re for some reason interested in becoming an affiliate for BTChamp, you’ll need to gift at least 0.0005 BTC every 180 days to the affiliate that originally recruited you to join the opportunity.
However, full and complete participation in everything that the BTChamp compensation plan is offering will require you to gift 1.9684 BTC every 180 days.
Is BTChamp A Scam?
Have you heard from a friend that BTChamp is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about BTChamp – is it a scam or legit?
Good news – BTChamp is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
BTChamp Review Conclusion
The case of BTChamp is quite easy to see, as there’s really nothing taking place here aside from affiliates joining by gifting money to the person that recruited them to join the company.
Once this payment is received by the recruiting affiliate, the new member that just joined is then able to receive money from other affiliates in return.
The act of affiliates paying one another in order to get money from each other is what the MLM world sees as cash gifting, and that’s quite clearly what’s happening here.
Rao even suggest this himself, as his personal Facebook profile claims that BTChamp is a “P2P Member to Member Donation System” – another term for cash gifting.
As all cash gifting schemes usually go, BTChamp will only be around as long as people continue to join the opportunity and pay other affiliates. However, once this recruitment level dies down, the company will eventually succumb to a complete and total collapse.
At this point in time, most people will end up losing out and Rao will make off with the vast majority of all the money that’s been poured into BTChamp.
No one wins in this situation aside from Rao, so in other words, you’ll likely want to avoid this one at all costs.
I sure hope that you have found my BTChamp review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my BTChamp review to have all the information for you.
If you decide to carry forward with BTChamp, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.