Hello and thanks for reading my 10xBitcoin Review
If you’re looking for a way to make money online, then 10xBitcoin might be an opportunity that has crossed your path. Its currently doing the rounds on Social Media, with affiliates trying to get people interested.
Maybe you have already been approached by a 10xBitcoin affiliate and you now want to check whether the company is legit or a big nasty scam of some sort.
Either way, you’re here at the best place on the internet to read about the latest MLM opportunities.
In this 10xBitcoin review I’ll be taking in an in-depth look at the company, checking out their product range and seeing what the compensation plan looks like.
Do they treat their affiliates fairly, or is it all indeed a big scam?
Let’s check it out.
10xBitcoin Review – What can you tell me about the Company?
First I checked the domain registrar and found that 10xBitcoin.com was registered on January 27th 2017.
However, there is no information here regarding who registered the domain. So they obviously don’t want anyone to know who they are.
So over to the website…
For some reason, there are large pictures of Singapore, Canada, Australia and Germany sliding across the screen…
After digging around a bit more I found marketing images showing that 10xBitcoin is a “division of Deep Profit Streams”
I happen to know that a gentleman by the name of Thomas Riley is the CEO of Deep Profit Streams.
Deep Profit Streams launched sometime in 2016 and describes itself as a revenue sharing company (revshare). In the murky underbelly world of MLM, this is synonymous with a Ponzi scheme.
On the Facebook page for Depp Profit Streams, there is a post which explains that Deep Profit Streams came about after the Securities and Exchange Commission (SEC) shutdown the Traffic Monsson Ponzi scheme.
This is what the post says:-
There are a lot of people, who doubted us. Those of you who came aboard with us last year at the beginning, are going to be well rewarded.
But I want to make it clear, so that no one gets the wrong impression…Our revenue sharing program, software, and ads network is still there, robust and able to handle millions of clicks & ad requests DAILY.
Last year as you know, we brought on and got our Founders Mbr leaders in place, and while we allowed our members to introduce others, we did not put our ads network out into public traffic exchanges etc, because the second Software System was being integrated.
Before that was done, the main & strongest company in the entire revenue sharing industry, Traffic Monsoon, was taken down and into a pivotal lawsuit by the SEC, which because we are based in the United States, caused us to pause, wait for, and look closely at the outcome of that legal battle as to how we could work with our legal team to structure our revenue sharing products & compensation program in a way that would not be a problem with the SEC.
Following the shutdown of Traffic Monsoon it looks like Deep Profit Streams closed their doors. They must have been regrouping, because now, they back with 10xBitcoin, and this time they are using Cryptocurrency
As for Thomas Riley, I couldn’t find much more information about him, but I can tell he is a man of faith by the quantity of religious content he posts on Facebook.
10xBitcoin Review – What does the Product Line-up look like?
Unfortunately, there is no product range for 10xBitcoin. This is yet another company that only has the affiliate membership itself to sell as the product.
A legit MLM company should always offer products and services for affiliates to market and sell.
10xBitcoin Review – How does the Compensation Plan Look?
If you were to be involved with 10xBitcoin as an affiliate, then you would need to purchase positions in a 2×15 matrix.
This type of matrix is also known as a binary matrix, meaning there are 2 postions below you to fill and two below each of these 2 and so on a so forth.
As the 2×15 name suggests, you will get a percentage if anyone in your team down 15 levels make a commission.
The percentages look like this
- Levels 1 to 8 – 5% of monthly fees paid
- Level 9 – 4% of monthly fees paid
- Levels 10 to 13 – 3% of monthly fees paid
- Level 14 – 4% of monthly fees paid
- Level 15 – 5% of monthly fees paid
There are monthly fee payments across 10xBitcoin’s 7 matrix tiers as follows:-
- Bronze Matrix – $5 a month
- Silver Matrix – $20 a month
- Gold Matrix – $50 a month
- Platinum Matrix – $100 a month
- Diamond Matrix – $250 a month
- Double Diamond Matrix – $500 a month
- Titanium Matrix – $1000 a month
There is also a one-time fast start bonus when the first three affiliates that are personally recruited are placed in the matrix
How much is it to join 10xBitcoin?
To get started with 10xBitcoin as an affiliate, it will cost you a minimum of a $5 Bronze matrix position per month.
Should you invest in 10xBitcoin or is it a scam?
The bottom line here is that this company acknowledged that their pervious company had been shut down for breaking the rules…so what have they done? They are back with another company that also has a very good chance of being shut down…
Well that’s unless it dies naturally itself. Because this is a pyramid scheme, and as you might know these sort of schemes can only exist while there are people actively participating in it.
So give this a miss, the only person that stands to make money is our “friend” Thomas Riley.
Jeremy, what do you recommend?
I’ve been making good money online for 5 years now, and this is in my opinion is the perfect online business model, and it’s the company I’m involved in and making money.
- You don’t have to recruit.
- You don’t have to annoy your family and friends by inviting them to parties to buy your stuff.
- You don’t have to create products.
- All the training is Step-By-Step.
- You don’t have to waste money and time figuring out how to make money online yourself.
- You get assigned your own Personal Coach to guide you.
- The Best part – You can start today for only $1
If you are serious about building a home based business, this will and save you the years of frustration that I went through.
Well, I hope you found this DuePoint Review interesting, and as always, if you have any questions, please leave them in the comments section below.
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