WelFunding Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that WelFunding is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about WelFunding, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting WelFunding as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about WelFunding in my WelFunding Review – now you can learn all you need to know about it.
Is WelFunding really a legit business?
Is WelFunding a safe business to join?
Let me show you in my review of WelFunding.
Exactly What Is WelFunding?
After looking through the official WelFunding website, I came away feeling rather disappointed and troubled.
Faceless companies are something that you usually want to try and avoid when looking at new business opportunities to become affiliated with, but the folks over at WelFunding appear to have missed out on this memo.
Nowhere at all on the WelFunding website will you find any information at all in regards to who owns the company, where it’s based out of, when it was originally founded, etc.
In regards to the registration for the WelFunding website’s domain name, I was met with a very similar setup.
There’s no mention of who owns the domain or where in the world the registration took place due to the private nature of it, but I was able to learn a little bit about the timeline for the company’s existence.
WelFunding’s domain was first registered a little more than a year ago on March 5, 2016, but it was just updated on March 13, 2017. This is likely when the newest owner of the domain took charge, and if this is the case, we’re dealing with a company that’s very, very young.
At the time of this writing, current Alexa rankings showcase that Japan and Germany serve as the largest sources of traffic with 69% and 14% respectively.
This information suggests that the anonymous admin(s) behind WelFunding is based out of one of these two areas, but with no confirmation from the website itself, there’s no way to confirm this assumption.
What Is The WelFunding Product Line?
On the product line side of things, there’s not a whole lot to talk about when it comes to WelFunding.
Here we have an MLM opportunity in which absolutely nothing is being sold or marketed to retail customers, creating for a setup in which there is a complete and total lack of any retail sales activity.
This is just about the last thing you want to see with a company that exists in the world of MLM, as no retail sales usually means that a scheme of some sort is brewing.
What Can You Tell Me About The Compensation Plan For WelFunding?
When it comes to making money as an affiliate for WelFunding, all of your time will be spent gifting bitcoin to other members through the use of a 4×7 matrix system.
Upon first joining WelFunding, you’ll be asked to gift 0.07 BTC to the member that originally got you to join the company. After sending this money off, you will then be able to get that same amount (0.07 BTC) from four other members that join the company after you.
This means that all of your time will be spent gifting money and recruiting new people to join.
Each level of the matrix system requires a larger gift payment and more recruitment to take place in order to advance to higher levels, and they all work out as follows —
- Level 2 requires members to gift 0.14 BTC to earn the same amount from 16 other affiliates
- Level 3 requires members to gift 0.28 BTC to earn the same amount from 64 other affiliates
- Level 4 requires members to gift 0.56 BTC to earn the same amount from 256 other affiliates
- Level 5 requires members to gift 1.12 BTC to earn the same amount from 1024 other affiliates
- Level 6 requires members to gift 2.24 BTC to earn the same amount from 4096 other affiliates
- Level 7 requires members to gift 4.48 BTC to earn the same amount from 16084 other affiliates
What Will It Cost To Join WelFunding?
If you’d like to join WelFunding, you’ll need to gift a minimum amount of 0.07 BTC to the affiliate that recruited you to join the opportunity.
However, in order to really go all in with everything that the compensation plan has to offer, that gift payment will need to be increased up to 8.89 BTC.
Is WelFunding A Scam?
If you have heard that WelFunding is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is WelFunding a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My WelFunding Review
Overall, WelFunding is nothing more than a bitcoin-based cash gifting scheme that is using a 4×7 matrix system to mitigate all of that activity that’s taking place within it.
You join by gifting 0.07 BTC to the person that recruited you and then get other people to do the same so that you can start earning cash.
However, the only person that will really benefit in the long run is the unnamed admin.
The top positions of the matrix have likely been filled by WelFunding’s admin, and this will result in them earning the lion’s share of all the money that’s dumped into the company. This is beneficial for them, but it means that everyone else who gets involved will likely lose out.
WelFunding will collapse once recruitment and gifting activity finally dies down, and at this point in time, anyone who hasn’t made back more than they’ve invested will be coming out on the bottom.
Unfortunately, this is likely going to be the case for most people.
I definitely hope you have found value in my Review of WelFunding.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with WelFunding, make sure you take the time to learn how to market yourself!
My training below can help you with that.