You’re probably wondering if Matrix Million is a legit company or just some scam. We will go through all the pros and cons of this company so keep reading!
Matrix Million has been getting a lot of publicity on the internet and on social media as well.
As always, I want to state that I am NOT promoting this business opportunity as an affiliate or distributor in any way, nor have I ever in the past.
Matrix Million Review
So, is Matrix Million a scam or is it legitimate?
Let me tell you in the below review.
What is Matrix Million?
Well, we are dealing with yet another company in the MLM world that has not provided any background information whatsoever as to where the company is located, who founded the company, or who is running the operation.
Not offering this information on the official company website makes the business seem to be pretty faceless. Faceless companies are more often than not operating as some form of scheme or scam.
Matrix Million Website
Registered on September 15, 2016, the Matrix Million website domain name is regrettably set to private. This means that we are incapable of determining who or where the registration actually took place.
And that’s not all – when looking at the official rankings for the website’s traffic, we can plainly see that 36.8% of the traffic it gets comes directly out of India. These rankings are from Alexa, and this would strongly suggest that Matrix Million is operating somewhere in India.
I cannot emphasize this enough – India has a proven track record to be home for millions of MLM schemes over the years. Therefore, this in combination with the already absent background information does not make for that great of a story with the company as a whole.
Matrix Million Product Line
With regard to the product line that this program has, there really isn’t one. Matrix Million is yet another company that has made the decision to not offer any sort of product line at all.
Matrix Million Compensation Plan
Matrix Million has a system in which affiliates do nothing but buy many positions in a 5-tier matrix system which the company has created.
The cycles that are involved in this 5-tier matrix system are a 2 x 2, 2 x 3, 2 x 4, 2 x 5, and a 2 x 6, option. Affiliates begin at the 2 x 2 option, but as they work their way up through the company and the different matrices, they are then able to evolve through these higher and more complicated cyclers.
Working through these different matrix tiers evidently results in affiliates having the ability to earn more and more money, and each higher up matrix position will result in an affiliate being able to earn more and more money. These profit levels start out at a measly $10, but have the chance to go up to as much as $123,000.
These payments are sent to affiliates through the use of bitcoin, and while there is nothing wrong with bitcoin on its own, seeing it used as the main source of currency within an MLM opportunity is often another obvious sign of a scheme or scam.
When an affiliate inside of Matrix Million is able to get to the 4th matrix, they are then entitled to receive an Apple iPhone 6s for free. Also, an affiliate that is able to get to the 5th matrix will be able to receive a trip to Thailand for 4 nights and 5 days.
Cost To Join Matrix Million
To become an affiliate for Matrix Million, you are required to make a minimum investment of $10 into one matrix position. This purchase is made by bitcoin, and buying more positions will result in you being able to earn more and more money through the 5-tier matrix.
Matrix Million Review – Conclusion
Affiliates sign up with Matrix Million with the promise earning absurd amounts of money via a matrix system, but because there is no real product line in place, Matrix Million is using the payments of new affiliates to pay off existing affiliates that they owe commissions to.
Matrix Million is operating as a Ponzi scheme.
Ponzi schemes aren’t good news for anyone involved, and once investment and recruitment levels end, they will be unable to pay out commissions they owe and the whole thing will eventually collapse.
Once this process begins, the majority of people involved with the company will end up losing their money.
And, to make matters worse, the use of bitcoin means that it will be near impossible to recover any funds that are lost as a result of this deal.