Project Ethereum Review – Legit Or Scam?

Project Ethereum ReviewHas someone approached you lately about joining Project Ethereum?

This doesn’t surprise me – it’s been getting a lot of hype in the last couple of week, with people pitching it all the time.

First, let me make one thing clear – I am NOT in any way affiliated with Project Ethereum.

I simply wanted to gather all the details here for you in my Project Ethereum Review so you can make an informed decision.

Is Project Ethereum truly a scam?

Does it really work like the marketing materials say it will?

Read on to find out in my Review of Project Ethereum.

Let’s get going!

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What The Heck Is Project Ethereum?

The cryptocurrency niche is currently one of the most crowded ones in the MLM landscape, and Project Ethereum is the latest addition to it.

Project Ethereum is headed up by CEO John Johnson. Johnson is supposedly centered in Utah in the United States and has been involved with both real estate and finance for quite a few years.

The corporate bio for Johnson on the Project Ethereum website reads as follows:

“John Johnson has been in sales and marketing for the past two decades. John has started many different companies over the years and also spent time as a consultant for small businesses.

John was previously working with a Crypto Currency Platform and realized there as a better way to assist members on building ad [sic] receiving donations.”

That “Crypto Currency Platform” mentioned in the bio is a reference to Bitcoin Funding Team.

Bitcoin Funding Team got things started back in February of this year, and the main push of the company was to get affiliates to gift bitcoin to one another via a 2×5 matrix system.

Current Alexa rankings for the Bitcoin Funding Team website show that traffic hit a pretty steady decline in early May and has yet to show any signs of picking back up.

What Can You Tell Me About The Project Ethereum Products?

Not surprising in the slightest is the lack of a product line with Project Ethereum. You won’t find a single product or service being marketed or sold to retail customers, and as such affiliates only have the affiliate membership to try and offer to people that may be interested in it.

When someone does decide to join Project Ethereum, they are given access to something called the, “Crypto University.”

Project Ethereum says that the Crypto University is a collection of various ebooks that aim to train people in the ways of trading cryptocurrency, but it’s clear that this is not the main area of focus for the company.

What Can You Tell Me About The Project Ethereum Compensation Plan?

Instead, that focus lies with the compensation plan.

In Project Ethereum, affiliates spend all of their time gifting money to one another.

Gifting activity is tracked through a 2×8 matrix, and affiliates get started with the matrix by gifting $90 worth of ether to another affiliate within the company.

Once this gift payment has been made, the affiliate that sent off the ether is then eligible to receive $90 worth of ether from two other people that join the matrix after them.

This is the same general process that you’ll find throughout the rest of the gifting levels, with the one exception that the amount of ether gifted back and forth increases with each level that you progress to.

With that said, the remaining levels work out in the following manner —

  • Level 2 — Affiliates gift $180 worth of ether and earn the same amount from four other members
  • Level 3 — Affiliates gift $360 worth of ether and earn the same amount from eight other members
  • Level 4 — Affiliates gift $900 worth of ether and earn the same amount from sixteen other members
  • Level 5 — Affiliates gift $1800 worth of ether and earn the same amount from thirty-two other members
  • Level 6 — Affiliates gift $3600 worth of ether and earn the same amount from sixty-four other members
  • Level 7 — Affiliates gift $7200 worth of ether and earn the same amount from one hundred and twenty-eight other members
  • Level 8 — Affiliates gift $14,400 worth of ether and earn the same amount from two hundred and fifty-six other members

What’s also worth noting here is the fact that all gift payments throughout this matrix system recur on a monthly basis.

Are There Membership Fees For Project Ethereum?

If you’d for some reason like to join Project Ethereum, all you need to do is gift a minimum of $90 worth of ether in order to start participating in the cash gifting matrix.

You can choose to gift more money as well, and although it isn’t required, it will boost your earning potential throughout the compensation plan.

Is Project Ethereum A Scam?

If you’ve come across a review that says Project Ethereum is a scam while researching, I wouldn’t be surprised.

A lot of marketers will tell you something is a scam just so they can sell you something else.

So, can you trust those other reviews?

What is the truth about Project Ethereum? Is it really a scam, or is it legit?

I would say no, not exactly. However, there are a few things in the business you should be aware of – read on to the conclusion to find out what they are.

Knowing what you’re getting into is the best way to be successful.

See below for my FREE training that will help you make money!

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What’s your Conclusion About Project Ethereum?

Unlike most cash gifting schemes that use either real dollars or bitcoin, Project Ethereum has opted to use enter instead.

However, despite this one changeup, the company is pretty much the same as all other cash gifting schemes that have come and gone before it.

You join by gifting ether to other affiliates, and in return, you receive more ether back.

It’s quite likely that John Johnson ended up losing money with Bitcoin Funding Team, and as such, he decided to start his own similar setup in order to really make a profit.

While that may be the case for Johnson, everyone else who gets involved here will likely end up losing out.

There’s a chance that very early adopters of Project Ethereum could come out on top, but in the grand scheme of things, this is an opportunity where you’re going to be throwing your money right down the drain.

I hope that you are able to use my research in my Project Ethereum Review to make a decision.

If you do decide to become an affiliate with Project Ethereum, make sure you take the time to learn how to market yourself.

My FREE training can help you.

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