Project Ethereum Review – Is This A Good Opportunity Or Big Scam?
Project Ethereum 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 Project Ethereum.
I have simply gathered for you all the facts in this Project Ethereum Review in order for you to make a proper decision about it.
So, is it true? Is Project Ethereum a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Project Ethereum?
With Project Ethereum, we’ve got yet another MLM entity that’s operating in the niche of cryptocurrency. This is a sector of MLM that’s proven to be wildly popular over the past couple of years, and while we’ve seen some legit opportunities come out of it, the cryptocurrency niche has also been home to a number of schemes and scams.
Project Ethereum’s website indicates that John Johnson is the CEO for the company and based out of Utah in the United States. Along with having experience in the fields of real estate and finance, Johnson’s corporate bio on the site reads as follows:
“John Johnson has been in sales and marketing for the past two decades. John has started many different companies over the years and also spent time as a consultant for small businesses.
John was previously working within a Crypto Currency Platform and realized there as a better way to assist members on building ad [sic] receiving donations.”
The “Crypto Currency Platform” that is mentioned in Johnson’s bio is a direct reference to his time spent with Bitcoin Funding Team — a bitcoin gifting setup that used a 2×5 matrix to solicit funds from people.
Alexa rankings show that traffic for Bitcoin Funding Team has been declining ever since early May, and with that on the way out the door, it makes sense as to why Johnson would jump ship and start his own similar opportunity.
What Are The Products For Project Ethereum?
On the product line side of things, there’s nothing being sold or marketed to retail customers.
Affiliates have only the membership for the income opportunity to market to interested parties, and this creates for a complete and total lack of any retail activity whatsoever.
If and when someone does decide to join Project Ethereum, the company gives them access to a “Crypto University” that contains a library of ebooks.
What Is The Compensation Plan For Project Ethereum?
Moving over to the compensation plan, you’re dealing with a pretty typical cash-gifting setup.
A 2×8 matrix system is used to handle all of the gifting activity that takes place, and affiliates send funds to one another in order to progress throughout said matrix.
The only real difference with Project Ethereum is the fact that money is gifted via ether rather than USD or bitcoin.
In any case, affiliates get started with the comp plan by first gifting $90 of ether to someone else within Project Ethereum. This payment is received, and the gifting affiliate then is eligible to earn that same amount ($90 worth of ether) from two other people that join the company after them.
This is how the other seven levels function, and for the sake of detail, they breakdown in the following manner —
- Level 2 — Members gift $180 of ether and get the same amount from four other affiliates
- Level 3 — Members gift $360 of ether and get the same amount from eight other affiliates
- Level 4 — Members gift $900 of ether and get the same amount from sixteen other affiliates
- Level 5 — Members gift $1800 of ether and get the same amount from thirty-two other affiliates
- Level 6 — Members gift $3600 of ether and get the same amount from sixty-four other affiliates
- Level 7 — Members gift $7200 of ether and get the same amount from one hundred and twenty-eight other affiliates
- Level 8 — Members gift $14,400 of ether and get the same amount from two hundred and fifty-six other affiliates
In addition to all of this, it’s worth keeping in mind that all gift payments within Project Ethereum recur every single month.
What’s Does It Cost To Join Project Ethereum?
In order to join Project Ethereum, you’ll need to make a minimum gift payment of $90 worth of ether.
You can choose to gift quite a bit more than this throughout the other levels of the matrix system, and doing so will drastically increase your earning potential in the comp plan.
Is Project Ethereum A Scam?
Have you heard from a friend that Project Ethereum is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Project Ethereum – is it a scam or legit?
Good news – Project Ethereum 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.
Project Ethereum Review Conclusion
Aside from the fact that Project Ethereum is using ether rather than bitcoin or USD, this is a very typical cash gifting scheme that we’ve seen time and time again.
You become an affiliate by gifting money to another member, that gift payment then allows you to receive gift payments in return, and this whole process keeps going on throughout the whole matrix.
However, like most schemes along these lines, only John Johnson (the admin) will seen any substantial earnings.
There’s a chance that early adopters could end up making a small profit, but the vast majority of people who join Project Ethereum will end up losing out.
Once affiliate recruitment dies down, Johnson will gather up the lion’s share of the earnings and make off like Colonel Flagg.
I sure hope that you have found my Project Ethereum review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Project Ethereum review to have all the information for you.
If you decide to carry forward with Project Ethereum, 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.