Lite Funds Review – Is This A Good Opportunity Or Big Scam?
LiteFunds 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 LiteFunds.
I have simply gathered for you all the facts in this LiteFunds Review in order for you to make a proper decision about it.
So, is it true? Is LiteFunds a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is LiteFunds?
The website domain for LiteFunds (litefunds.com) was registered in January of 2017. The registration details name Muhammad Bakru from Jakarta in Indonesia as being the owner, but it is not clear whether this is a real person or simply a false name. There is no information provided on the site itself about company ownership, and Bakru’s name cannot be linked to the company in any other way. According to Alexa, 31% of web traffic to the site originates from Nigeria, and 18% from India.
It is vital that, when sending money to become involved with a company, you fully research the corporate structure and the backgrounds of those involved. This helps you determine whether the company is a legitimate offering as opposed to being an unscrupulous scam. All serious MLM companies will provide this information. You should be wary of ones, like LiteFunds, that are not transparent about who they are.
What Are The Products For LiteFunds?
LiteFunds do not provide any products or services for affiliates to sell to retail customers. The opportunity being offered requires its members to recruit new affiliates to the scheme.
What Is The Compensation Plan For LiteFunds?
The LiteFunds compensation plan is a 2×6 matrix cash-gifting scheme. The matrix is formed in the following way:
- You, as a new affiliate, are placed in a position at the top of the structure
- Two new positions are created directly beneath you. These form the First Level.
- A further two positions are created beneath each of those on the First Level to form the Second Level.
- Two more positions are created beneath each of those on the Second Level to form the Third Level.
- This process continues until six levels have been formed
- In total a 2×6 matrix structure contains 126 positions. Each of these are filled by the direct and indirect recruitment of new affiliates.
Each level of the matrix is treated separately. As an affiliate, you are required to make a cash gift payment to unlock each level, and in return you become eligible to receive the same gift payment from each of the affiliates on that level.
- Level One – To unlock the first level you need to make a gift payment of 0.0009 BitCoin to receive a payment from both of the members
- Level Two – To unlock the second level you need to make a gift payment of 0.0017 BitCoin to receive a payment from each of the four members
- Level Three – To unlock the third level you need to make a gift payment of 0.0055 BitCoin to receive a payment from each of the eight members
- Level Four – To unlock the fourth level you need to make a gift payment of 0.031 BitCoin to receive a payment from each of the sixteen members
- Level Five – To unlock the fifth level you need to make a gift payment of 0.31 BitCoin to receive a payment from each of the thirty-two members
Level Six – To unlock the sixth level you need to make a gift payment of 2.7 BitCoin to receive a payment from each of the sixty-four members
What’s Does It Cost To Join LiteFunds?
If you want to become a LiteFunds affiliate member you need to make the gift payment that unlocks the first level. This is 0.0009 BitCoin ($0.92 at February 2017 prices).
To fully unlock all six levels will require total payments of 3.0491 BitCoin ($3131 at February 2017 prices).
Is LiteFunds A Scam?
Have you heard from a friend that LiteFunds is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about LiteFunds – is it a scam or legit?
Good news – LiteFunds 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.
LiteFunds Review Conclusion
There have been a lot of BitCoin based cash-gifting MLM companies that have launched recently, and LiteFunds is just the latest. They prey on affiliates’ desire to earn the high returns on offer, while never really expecting any of their members to make anything from their endeavors. This is the reason why the owners are being so secretive about their identities, because they are running the company in a way to take as much money for themselves as possible before it collapses- at which point they will leave their affiliates out of pocket and likely start the whole process again with a new company.
The reason why the proposition is completely unsustainable is because of where the funds are coming from to pay back the expected returns. Legitimate MLM offerings will usually provide products or services for affiliates to sell to customers. The profits generated from this are used, in conjunction with amounts that are paid by new affiliates, to pay returns to existing affiliates in a manageable way.
LiteFunds does not do this, though. The only source of funds passing through their compensation plan is coming from payments that are being made by new affiliates, or by existing ones that want to unlock higher levels of their matrix. This setup means that the company solely relies on the ability to convince new people to join the scheme. And they need a lot of them. Just to fill the matrix of one person will need the recruitment of 126 people, each of who will also need to recruit 126 people to fill their matrix. These numbers soon escalate, and require hundreds of thousands of new members to join just to sustain the expected payments to the current members.
When recruitment slows down, or can’t keep up with the numbers required, payments to existing members will fall. This will reduce the likeliness that these members will pay more to unlock further matrix levels, and make it even more difficult to sign up new affiliates. Soon, the company will simply collapse, and anyone who hasn’t made back their gifting payments will lose out. The admins of the company will have pre-loaded with the top positions in the company and taken a large proportion of the payments that are made, leaving only scraps left for the early adopting affiliate members.
LiteFunds is the latest in a long line of scam opportunities that are designed to benefit the owners at the cost of their members. It is a simply unsustainable proposition, and anyone who gets involved as an affiliate will likely end up losing out. With many legitimate MLM offering out there, it would be wise to avoid this one and invest your money with a sustainable, transparent company instead.
I sure hope that you have found my LiteFunds review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Lite Funds review to have all the information for you.
If you decide to carry forward with LiteFunds, 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.