Welcome to my ETHplus review.
In this review, we will take an in-depth review of ETHplus and see if this is a legit MLM company to make money or just one of those pyramid schemes.
Throughout my review, there is no affiliate link to ETHplus. This is because I do not promote products that I don’t recommend. You can rest assured to get an honest and unbiased review from me.
This review will try to answer the following four questions. It should give you a clear understanding of ETHplus and whether it’s worth your money.
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WHAT IS ETHPLUS?
Program Name: ETHplus
Website: ethplus.io
Creator: Jonathan Valle and Fernando Urdaneta
Price: 0.05ETH every 3 months
Recommendation: No
ETHPlus is a multi-level marketing company or MLM that runs in the cryptocurrency niche.
According to their website, the company started on April 1st, 2020, and they are under the company called OmegaSquad, and the company address listed is Santo Domingo, Dominican Republic.
Fernando Urdaneta and Jonathan Valle are the founders of this company.
Fernando Urdaneta is the Head of SEO and Valle is the Commercial Director.
Upon research, it shows that Urdaneta is actually the CEO, as he claims in one of its marketing videos on YouTube.
HOW ETHPLUS REALLY WORKS?
Does ETHplus Have a Product?
ETHplus doesn’t offer any products or services.
The only thing they offer is the membership in their income opportunity, a huge red flag.
How Does ETHplus Work?
The ETHPlus works like a smart contract Ponzi scheme. This is nothing more than a matrix-based Ponzi scheme, by which ETHPlus members use to make money from their recruits.
Here how it works, the person you recruit will be placed under you, and the same goes with that person if he invited someone.
You’ll make money from different levels, and you’ll be thinking that you got your investment back.
But in reality, you are just leeching off from their membership fees, and the people who recruited you are doing the same thing.
There is no proof that the company is doing anything to generate income other than recruiting members.
Also, there is no proof of income about their investment and trades.
They don’t have the authorization to carry out these financial activities as well, so if they did do this, they’re liable for some jail time.
You could also land some jail time when you promote this program.
How To Make Money with ETHplus?
Like most MLM companies, the only way for you to make money is through recruitment.
How Much Does ETHplus Cost?
The monthly membership cost 0.05 ETH for every 90 days.
If you want to be a part of the compensation plan, it cost 55.22 ETH for the fee of 55.22 ETH, and if you convert it to dollars, it cost about $20,000, give or take.
Recruitment Commissions
You’ll earn a commission of 0.012 ETH from your recruits when they sign up for the 0.05 ETH recurring cost.
Matrix Investment
The investment opportunity follows a 2×17 matrix where members are placed in a position under you.
For each level, you’ll earn a different amount of ETH.
Investment Referral Commissions
You’ll get your referral commission if one of the members sign up for a matrix level position.
Here are the following:
- recruit a member who invests in a level 1 to 9 position and receive 0.04 ETH
- recruit a member who invests in a level 10 position and receive 0.09 ETH
- recruit a member who invests in a level 11 position and receive 0.15 ETH
- recruit a member who invests in a level 12 position and receive 0.24 ETH
- recruit a member who invests in a level 13 position and receive 0.34 ETH
- recruit a member who invests in a level 14 position and receive 0.42 ETH
- recruit a member who invests in a level 15 position and receive 0.51 ETH
- recruit a member who invests in a level 16 position and receive 0.7 ETH
- recruit a member who invests in a level 17 position and receive 1.26 ETH
Red Flags
Ponzi Scheme
It is quite obvious that this company is a Ponzi scheme because of how its compensation plan works.
If you go to the FTC and read the MLM companies’ guidelines, you will see that MLM companies should offer retail products or services.
Not just that, it also says that MLM companies should not incentivize recruitment more than retail sales.
As you can see, both of these guidelines are violated by ETHPlus.
Securities Fraud
They also violated SEC guidelines since they promise you investment profits.
Now, you may get registered with SEC for the business name, but you need a different authorization to carry out your investments and trades on behalf of other people.
The company also needs to work with registered traders and brokers too, but with ETHplus, they don’t have these.
IS ETHPLUS SCAM OR LEGIT?
I can say that ETHplus is a pyramid scheme.
As you can see, the red flags that we have gathered make you believe that this program is legit, which is it is not.
Also, they don’t offer any product for you to sell to make money and the only way for you to earn is by recruiting, which is the hardest part, and this is against FTC guidelines.
So my advice is to stay away from this company or any other company that only focuses on recruiting and nothing more.
Cons
- Focus more on recruiting
- Pyramid scheme
- NO retail products
- Violated FTC guidelines
IS THERE SOMETHING BETTER?
Now you know what ETHplus is and on why you should stay away from it.
MLM business is ok as long they are legit, and they do the right thing, and it has a product for you to sell.
But the problem with MLM is that it focuses more on recruiting than selling.
It’s true that you can earn a higher commission if you recruit more people to join, but the problem is it takes a long time to achieve that, especially if you start.
If you are looking for a way to make money where you don’t need to sell any product or refer a friend to earn money, I recommend you to check Affiliate Marketing.
This is the business model that I always recommend to beginners.
Affiliate marketing is really easy to get started, and the earnings potential is almost unlimited.
To get started with affiliate marketing the right way, all you really need is proper and high-quality training.
The training I have been using to build my online business and make a living out of it is a lot more complete. It covers all aspects of the business and teaches you all the best practice of the industry.
It will teach you how to build your online presence from the ground up. The training also emphasis on free organic traffic, which is the best source of traffic.
This will allow you to create a full-time income from your online business. What’s amazing is that once your online presence is built, it will continue to generate money for years to come. It is truly the passive income everybody is dreamed of.
Even though it covers everything you need to know about affiliate marketing, you will not be overwhelmed by it. There are step-by-step tutorials in every lesson. They are easy to follow no matter your skill level and previous experience.
Best of all, it is 100% FREE!
We’re not talking about a time-limited free trial here. You can remain a free member for as long as you want.
As a BONUS to welcome you to my site, grab my free guide and I will show you how to get your website up and running with a free domain and free hosting. This will allow you to get started with your online business for absolutely zero investment.
Besides the top-notch training and free websites, you also get a chance to join an amazing community. These are like-minded people who are willing to help you, support you and most importantly inspire you.
This is to me the most important and valuable part. I have seen so many people putting in their hard work and give up right before they see the result. With the help of this community, you will gain the strength to push through hard times and eventually be rewarded.
So stop buying into hypes and looking for shortcuts, take your business seriously and take action TODAY!
If you have any questions or thought as to whether ETHplus is a scam, feel free to leave a comment below and I will always reply!
Let’s Make Money!
ETHplus
0.05ETH every 3 months
Overview
- PRODUCT NAME: ETHplus
- WEBSITE: ethplus.io
- CREATOR: Jonathan Valle and Fernando Urdaneta
- RECOMMENDED? No