The Way To Connect With Direct Selling Industry

The Way To Connect With Direct Selling Industry

Forsage Review: Ethereum based cash gifting scheme

Forsage has not provided any information on its website regarding its owner or who runs the company. It is claimed there that it doesn’t have an admin. It is obvious that this company’s website is run by somebody and a hefty profit is earned.

Also, Russian presence is seen on its default English language website suggesting someone fluent in Russian is behind the company.

Forage’s website as cited by Alexa has 22% traffic from the USA, 7% from India, and 6% from Venezuela respectively. This traffic is at the time of publication.

Forage’s website domain (“forsage.io”) was privately registered on February 9th, 2020.
The Philippines SEC outed Lado Okhotnikov as owner of Forsage. (Updated on 1st July 2020). Okhotnikov appears to reside in Moscow whereas his social media suggests that he is currently living in Tbilisi, Georgia.

Tip: If any MLM company is not open about its owner or who is running it, than think long and twice about it before joining or handing over any money.

About Products from Forsage:

Forsage does not have any retailable products or services, with affiliates only able to market Forsage affiliate membership itself.

Forsage’s Compensation Plan

Forsage affiliates purchase 0.05 ETH matrix cycler positions.

Matrix sizes used in Forsage’s cycler are 3×1 and 2×2.

A 3×1 matrix is simple in nature, requiring only three positions to be filled.

A 2×2 matrix starts with two positions on the first level, which expand to four positions on the second level:

A single 0.05 ETH initial buy in purchases a cycler position in both a 3×1 and 2×2 matrix.

Positions in the matrices are filled via direct and indirect recruitment of Forsage affiliates.

Once all positions in a matrix are filled, a cycle commission is triggered. The position cycling out of the matrix also enters a new matrix of the same size.

Cycle commissions across Forsage’s two cycler tiers are as follows:

3×1 matrix (entry is 0.025 ETH of the initial 0.05 ETH buy in) – generates 0.05 ETH in gifting payments and entry into a new 3×1 matrix.

2×2 matrix (entry is 0.025 ETH of the initial 0.05 ETH buy in) – generates 0.075 ETH in gifting payments and entry into a new 2×2 matrix.

Joining Forsage

An initial 0.05 ETH buy in is tied to Forsage affiliate membership.
Conclusion:

Forsage has a transparency about their illegal nature of MLM opportunity.

Gifting schemes are illegal regardless of the scripted platform or blockchain they are running on.
MLM gifting schemes primarily benefit those who run them and are top recruiters. Similarly, the one who created the site of Forsage will be benefitted the most. Top recruiters receive profits whereas majority of participants take loss.

Contrary to what promoters of Forsage might tell you, “blockchain” doesn’t negate the laws of math or non-sustainable nature of gifting scams.

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