Welcome to my third party unbiased Forsage review!
This is the latest company in the Crypto MLM nice to pop up and I decided to take a look to see what it was all about.
Chances are someone approached you about the business opportunity and you landed here to make sure it’s legit.
The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.
Just PAY close attention and read this to the end…
Forsage MLM Company
Forsage has no information on who runs or owns the company.
The website itself says it has no admins?
The project Forsage no admin.
So was it some AI computer program that magically put this website up?
There is ALWAYS someone involved.
Judging by the Russian language translation on the website, it could be possibly from there.
At this time most of the traffic is coming from the USA.
Website domain “forsage.io” was privately registered on February 9th, 2020.
I personally don’t join any company where the leadership isn’t transparent about themselves…
Update (July 12th, 2020): The Philippines SEC issued a fraud warning against Forsage and cited Lado Okhotnikov as the man behind the company.
So they were initially claiming it had no admins but that is very untrue now.
SEC also said the following:
FORSAGE is NOT REGISTERED with the Commission and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public nor to issue investment contracts and other forms of securities defined under Section 3 of the Securities Regulation Code (SRC).
The said scheme employed by FORSAGE clearly shows indication of a possible Ponzi Scheme where monies from new investors are used in paying “fake profits” to prior investors and is designed mainly to favor its top recruiters and prior risk takers and is detrimental to subsequent members in case of scarcity of new investors.
Hence, the public is advised NOT TO INVEST or STOP INVESTING in any scheme offered by FORSAGE or such other entities engaged in smart contracts, cryptocurrencies and digital asset trading that are not registered with the Commission and the BSP.
People in the Philippines may face up to 21 years in prison if caught promoting Forsage.
Forsage has no retail products or services, but you can promote the affiliate membership.
You can invest in Forsage Smart Contract that is bundled with the affiliate program.
Forsage Compensation Plan
Forsage affiliates buy 0.05 ETH matrix cycler positions.
Matrix sizes used in Forsage cycler are 3×1 and 2×2.
A 3×1 Matrix has three positions under your main position.
2×2 matrix starts with two positions on the level 1 and expands to four positions on level 2.
These positions can be filled directly or indirectly by downline members.
Cycle commissions across Forsage’s two cycler tiers are done in the following way:
- 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
Cost To Join
Forsage affiliate membership is tied to a payment of 0.05 ETH…
Now the moment you have been waiting for!
Unlike all the other biased Forsage reviews out there I am going to keep it real with you…
Smartway Forsage Review Video
So does the Forsage scam exist?
Well there are not very transparent about themselves, but very transparent about how they are illegal lol:
Profit comes from other participants directly into your personal wallet.
It really doesn’t matter if you have a blockchain or some other platform, gifting schemes are illegal period.
Forsage talks about how there are no admins, but that’s where the highest position is in the matrix.
They preload themselves at the top and let everyone else come after so they make a ton of money.
Unlike an AI computer made this website from the future…
Which isn’t likely lol.
They wouldn’t create a gifting scam.
Anyway, I personally can’t recommend this company because of their lack of transparency and clearly illegal business model.
I hope you enjoyed my Forsage review and if you have any questions feel free to ask in the comments below…
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See you at the top,
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