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.
Yikes!
Forsage Products
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.
If you are looking for MLM’s with actual retail products, check out my RenovoVita review and HempWorx review.
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
Final Verdict
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…
Follow me on Social media below:
Subscribe To My YouTube Channel Here.
See you at the top,
-Jesse Singh
P.S. If you are tired of failing ANY business, click here and check this out to take your game to the next level.
I have been making money on forsage at first I saw money coming in without referrals and making more with refferals
*REMOVED LINK*
If you signup up with my link I will send half of your investment ($4.50) or if you sign up and upgrade to level 2 I will pay your level 1 back ($9)to your wallet just help build my team so it’s a win win.
Email me if you want to know more: *REMOVED LINK*
Yeah but think about the business model…
All these companies pay in the beginning, people complain when their website suddenly goes offline and they take your funds.
i’m interested in this bussiness , but I would like to learn more about what bussiness model where you refering to in the comment above. thank you!
Hey Alex,
I can’t recommend Forsage because it’s not going to last and it’s not a legit business model.
Sure it will pay in the beginning, but if you knowingly know it’s not legit and are having people to join, that’s not a good thing.
If you actually want to learn how to build a business online the right way click here.
We offer one on one mentoring and you don’t have to rely on any particular company.
Plus you don’t have to recruit/sponsor anyone.
Hope that helps!
-Jesse
am in forsage already made over 0.825ETH. in two weeks and i only got in with 0.05ETH.
First the developer is well known….its a smart contract and if you know how those works then you’ll understand the irrelevance of an admin or developer controlling the app.
With forsage it doesnt matter what position you hold in the App…you’ll be surprised how some of us are in the middle and have more than some in top ten positions.
Lastly every coin I have earned and those of participants is paid immediately to your trust or metamask wallet…..SO NO one Can run away with your money…For your information the App has ZERO balance on its ledger .
Forsage has no retail products or services and all you do is buy positions in the compensation plan and have others do the same…
Sounds like a pyramid scheme to me…
It does sound like a pyramid scheme but here’s the thing.
Its different. Old if this will work maybe it won’t but if they can pull this off they’ll have made a pyramid with the loopholes filled. Let me explain.
The site was made by someone yes. But it doesn’t have a block chain.
Keep in mind nobody knows who made btc…not transparent at all lol.
There are two things that are different from the average pyramid scheme.
1. There isn’t an admin because there dosent need to be one. It runs on a smart contract and that smart contract will do what it does and never stop.
It runs on a decentralized block chain and therefore cannot be shut down. Not even by the people who made it.
The second thing that is different is its possible yo make money without referrals. You don’t need to recruit somebody necessarily. I can earn from the person that recruited me. In a pyramid scheme that wouldn’t work.
Not saying this is legit for sure. But I kind of see what they’re doing and it might just be ingenuis.
I invested about $30 just today haven’t earned any but we shall see.
Keep in mind the “space” I bought on the block chain will always be there and never go away because it can’t be shut down
1) There is an admin, the company just tricked people of not having fun. The Philippines SEC has sent out a fraud warning against them and cited Lado Okhotnikov as the owner.
Here is that blog post: https://jessesingh.org/forsage-securities-fraud-warning-issued-by-philippines-sec/
Once the USA SEC sues them which will most likely happen because how fast Forsage is going, they will come after the admin(s) and affiliates who made a profit.
Little knowledge is more dangerous than complete ignorance. Forsage is just a hosting website and your incomes come directly to your wallet, not on the website. Secondly, you can easily verify smart contracts and your contract details on Etherscan page. You can find that Forsage is a verified contract with a green “tick” on Etherscan page.
Most importantly, if in case this hosting website is closed then all the operations and transactions can easily be executed through your wallets. I’ve done it myself without using forsage site.
First check the authenticity at blockchain and etherscan then come again with some sane logic.
Chao
Did more research and it’s a bigger scam than I thought…
Now they are switching to TRX because their company flatlined.
Please, my fear now is how to bring in downlines, I joined already but if I introduce forsage to my friends, they will say is Ponzi scheme and that it will not last. How true is this forsage business? Will it last?
Most likely it won’t be long term, once recruitment slows down in these types of companies it’s all over.
Am kind of interested in this but I don’t know how it will last.
Collinsss,
I called it a scam and you are still thinking about joining?
I guess I can’t help everyone.
Good luck.
I think this review is biased. Forage is not a company as you have implied. It is also not a website as you have implied. Forsage is a Smart Contract built on the Ethereum Blockchain. This means there are creators but these creators do not control or regulate the business. The creator of Forsage is Lado Okhotnikov. Every member who is in the Telegram group knows this, because he is on the group and he even has a YouTube channel. Forsage had no Products, rather it is built on a Product. You fail to realize that a Smart Contract itself is a Product! Or do you still think that in this digital age, all products must be physical? Forsage is a network marketing business on a Blockchain. It is not illegal. And even if the website is closed, the business remains long term. Even if people stop Joining or recruitment slows down, it will not crash! All you do here is twist traditional definitions and make your biased conclusions based on those definitions. You fail to recognize change and revolution. The Cryptocurrency world has issued in a new era of money and commerce. An era not covered by your traditional definitions.
Oscar, it is illegal…
They have no retail products or services but offer a multi-level compensation plan. That ALONE makes this a pyramid scheme according to the FTC.
Oh and Telegram groups are so legit right?
When you here Telegram groups + MLM it always = Scam period.
Smart Contract is NOT a product, you can’t just come in as a customer and buy that.
All you are doing in this company is buying matrix positions and recruiting others to do the same period.
Cryptocurrency itself is legit and if you do your own trading that’s fine I just want to make that clear.
But joining a network marketing company that has NO RETAIL PRODUCTS or SERVICES (Physical OR Digital( and all people do is buy positions in the matrix compensation plan and have others to do the same is a flat out pyramid scheme scam.
Nice try though.
Super Biased
Ummm…
NOT biased, I am not an affiliate.
Lol dude prepare to lose all your money.
I can see straight through this scam.
Wonderful review. Seems am gonna have a second thought before joining
Hey Legacy,
I just like putting out the truth and people can decide from there.
Call me. I have seen you work online for years, and I might want to team up with you. I have been full time for 20 years from home and I am open to something.
Call my Cell: 417-631-8781
Hey Mark,
Add me on Facebook here.
We can chat.
I can’t believe he even pointed out the Telegram. 🤦♀️ Goodluck with your money, I hope you dont cry in the end.
my girl sent this forsage to me. but immediately I read about it I had my doubts. I have never had trust in crypto currencies and stuffs. but honestly why should I join? how do I convert my money to my local currency after earnings? if I get satisfactory answers maybe, I give it a try.
Cryptocurrency is legit, but Forsage where they have people recruit others and get paid on them when they recruit is a pyramid scheme.
Anyone wish to join forsage? You need assistance joining? Hit me up.
If you register under me. I help you with one downline.
Joel,
Why would I recommend this?
Did you read my review?
Hi Jesse Singh,
If you have no idea how somethings work, you should either get educated or stay off it.
Forsage is a 100percent decentralized program, it runs on the ethereum smart contract and its payment system is peer to peer.
Even if recruitment slows, it takes only a handful of folks to keep it running at any time they decide to. There is no central admin running the show so i’m not worried about anyone running off with my money.
I joined with 0.05Eth and that money went straight to my friend who invited me, i took a week to learn about it before inviting anyone to join me and in those 7 days i earned 0.075eth from spillovers without inviting anyone. Now that i have started inviting prospects to join all payments come directly to me and not to someone else. Spill over comes either from my upline (My friend) or from my downlines that i have invited.
I’m new on the program and i’m greatful to be a part of it.
Now that i do understand the system a little (i’m learning new stuffs about this program everyday) i have began inviting people to join.
I have tried several Network Marketing biz past and present and this FORSAGE is a Network Marketers Dream. I follow people like Robert Kiyosaki and he encourages Network Marketing. All Network Marketing programs aren’t the same, some are
Product Based others are None Product Based.
Some product based Network Marketing Companies are pure scam and there are some None product based companies that are truly rewarding.
If you are thinking of building a network marketing biz and truely earn residual Income, earn real cashflow… Welcome to FORSAGE.
So Jesse Singh,
when you are making a review it’s ok to give your view about the product or company and give ur advice as an option. Let people make up their own minds about joining or not joining. Don’t just run ur mouth calling a program scam when it hasn’t taken a dime off you.
Anyone who wishes to join should kindly do their due diligence and make a Yes or No decision period.
Ifeoma Jane,
the program odina very legit. I go advice make you runs am seriously, e make sense die.
My upline friend has earned over $4,000 in less that 60days. Go figure guys and if you don’t know ask someone who does.
Have a superday
I do have an idea.
Recruiting people to get into the compensation plan and getting paid to do the same without any retail products/services = Scam.
Check out the FTC’s website.
You should read again OSCAR’s response to you on May 18, 2020 at 11:11 am.
I have been called by my Friend telling me about Forsage, I m still doing my research before i join.
Well you came to the right place to do that research 🙂
Many people have joined already even without checking for these red flags. Thanks for writing this informative post. When these smart contracts will crash many people will cry.
Thank you for visiting!
Let’s assume that it’s a scam that pays off at the beginning. How will one then convert the money earned to their own currency?
But hey,am skeptical abt all these schemes that’s compels u to recruit before you start earning. If and only if there was accountability then perhaps maybe l would join or recommend this to others but until then,best of luck to those who will join,,,,or are already in it
hi Jesse Singh
plz I hv in box u on Facebook
plz go an reply I want chat u
Message me.
I 100% agree this author. Come on guys this the definition of a pyramid scheme.
If you join forsage you deserve to have your money taken.
So your badmouthing forsage and directing people to your website? Nice one.
Well,
What I do is help people with their business.
So if Forsage was legit, I wouldn’t mind helping people promote it but it’s not.
The other thing I show people is to build their OWN business and promote ANY affiliate offer that is legit.
Which is actually a LONG term thing.
People who are interested in that, click here and check this out.
How is it not clear that this is a scam!!!!
You are recruiting people – taking a portion of their money and sending the rest of the money up.
Where is this so called product? The only product I see is someone else’s money that they you are taking. Makes no sense at all.
Please google how pyramid schemes work and then come back and have a look at how similar Forsage is to that!!!!! “WhatsApp Stokvels” (the new pyramid craze) works exactly the same way and even if you join a legit group, once the recruiting stops, no one gets their money and the group just dies out.
At the end of the day, the people who are at the bottom of the pile have gained nothing because everyone above them has taken their money and shared it amongst themselves. Stupid!!!! Doesn’t matter how legit the company is – it is not sustainable and never will be.
Melanie,
You are VERY smart.
Glad you can see the difference from a legit company and a scam.
All those people investing in Forsage… Please can you provide us with one article that proves that Forsage is not a Pyramid Scheme?? There are about 10 other articles confirming that this is a Pyramid scheme and ZERO articles that show it is legit.
If it so amazing why is there no hype around it??? by now investors and the media would have made some noise around Forsage if it was legit. Look at the hype around Bitcoin there are seminars and articles all around the world backing it
The only people I know of backing Forsage are the ones who have invested a little money into something that ‘sounds’ fancy
You are taking other peoples money, putting it in your wallet and calling it your own…. Then – you are asking those same people to find other people to fund their loss.
Hey Melanie,
Thanks for commenting and they can’t prove it’s legit.
It is a flat out pyramid scheme.
This is amazing Jesse, I love your honest review.
The truth is Forsage can’t be trusted in the long run.
Though I plan on joining and trying it for 3 months and pull out.
Don’t get me wrong, I understand there are risks involved in this kind of thing.
I just keep it real with my readers.
What happens if you withdraw the ETH that you earned and put it in your account
You can withdrawal.
End of the day it’s an illegal business model.
Hi Jesse Singh
I ‘m from the Philippines. If the Forsage is a scam, why does the company owning the coins.ph as our number 1 crypto exchange wallet approves its partnership with Forsage in the first place? Coins.ph is approved by our Central Bank. Does it sound logical if it is a scam? Many other mobile wallets from different countries are partnering with Forsage too.
I think we should use our common sense and do more research. Thanks
How about read my conclusion on WHY it’s a scam?
Victor,
Coins.ph did not partner with forsage. You must have mistaken Ethereum which is a legit cryptocurrency to “forsage” which is the scam.
Hahaha my God so many dumbass people nowadys you know its a scam and you still want to join
I have no idea what is wrong with people who defend scams.
Hi Jesse
Can you recommend any online investment platforms that doesn’t look like pyramid scheme?
Hey Neno,
I recommend learning how to build your own business and promote ANY legit offer as you choose.
If you want to learn more about that click here.
Thanks man.. After what have read here I’m not joining again…
Everybody can’t make money one way… I’m gonna look for another thing to invest my cash….
Thanks once again
Hey,
You are welcome!
Jesse Singh may be right, wait a minute and go over his review give it a deep thought he his actually right in a way, but the bitter truth is that as much as he feels its a scam it pays at the moment so let’s enjoy it while it last if it crashes we move on, its not the first neither would it be the last..
Yesterday my friend came to me and started talking about forsage and showing me the dreams of millionaire but I cannot trust on it, how it’s possible without any efforts person become a millionaire. Now I decided not to invest in forsage because it’s a wastage of time and money.
Thank you Jesse Singh, i read
all your reviews it’s helps me a lot.
You are welcome 🙂
Thank you all for this information, I am taking a second thought because I made my mind to join I better get more informations
Hey Victoria.
They just had a securities fraud warning in the Philippines today: https://jessesingh.org/forsage-securities-fraud-warning-issued-by-philippines-sec/
So I don’t recommend joining…
Btw jesse singh i recomment you to run a query in the official phillipines sec website and see the result.. 😒
I did.
Still not registered.
Good afternoon Jesse,
I have been with 5 MLMs in my life. Some were bad and others were good.
Somebody suggested I join Forsage so I investigated and read various reports, yours included.
This is not a decent MLM as there is no product so I certainly will not join. Personally I prefer Affiliate Marketing and have 3 websites myself.
I hope you do not mind me asking but would you tell me your opinion on Grandefex? I really would appreciate it.
Regards, Taetske
Hey,
Thank you for stopping by.
I believe affiliate marketing is great and good one you on the websites.
I will talk a look at Grandefex and see what it’s about.
Over 90% of product based network marketing companies sell their products with over 500% of what the market prices should have been – that’s the real scam. But because they have ‘products’ you term them legit
In Forsage, you know exactly how much you want to invest in participating in the contract, you also know exactly what you should do to make money, what’s the scam about that?
FTC will welcome Forex trading where 80% lose all their money and Gambling where 90% lose their money, but fight against a system that though as is in everything in life, not everyone will succeed in it, but certainly over 80% will have back their capital, that’s rubbish
One of the most ignorant comments I ever heard…
SEC/FTC are there to see if what the company claims is true…
Thank you for this review Jesse. I agree with you that forsage will not last long just like other pyramid schemes. Same as what you said in other comment, they will payout at first, then after a few months, they will take the funds and disappear forever. I also checked the registration date of the domain and it is created just recently.
Domain Name: FORSAGE.IO
Registry Domain ID: D503300001183116233-LRMS
Registrar WHOIS Server:
Registrar URL: http://www.tldregistrarsolutions.com
Updated Date: 2020-06-02T04:58:27Z
Creation Date: 2020-02-09T13:29:54Z
That’s right and I found the owner who is from Russia which I updated in this review.
Good evening Jesse,
On the 6th of July I left a comment and read your reply.
I wonder if you had time to look at Grandefex?
Regards, Taetske
Hey my friend I haven’t yet.
Jesse Singh, thanks so much for the info. You see I don’t understand how people are just so obsessed with something they didn’t confirm 100% legit, maybe it’s lack of money though. I am a blogger and I’ve not making much but I believe in business that shows it face for what it truly is. They are just rebranding Ponzi Schemes to make money from the people. And most people won’t realize until after they lose their money and their precious time. This thing is very simple, many people will lose and only a little will gain. Or where do you think the money is coming from?
Hey Jamiu,
Only money coming into the company is from affiliates and that is it.
Also these smart contracts are code in a way where it gives access to peoples wallets.
They think because it’s a smart contract, their crypto wallets are safe.
That is NOT the case here.
thanks you so much for This review
You are welcome my friend.
Hello Jesse,
Thanks for your information. Could you please give us your review of Cyrpto-mining.biz as well? Thank you in advance.
It’s a scam, in fact, it’s already went under.
Hmm look at the way pple r supporting dis platform, as if dey are the founder. That was how I supported mmm years back, boasted dat it can’t crash, but we all knw d result. And ever since I vowed not 2 have any connection with Ponzi. I was told of this forsage stuff, but I declined 2 joining it, cos I don’t see d service dey are rendering 2 get dat money. I see it as a pyramid whereby d old folks are paid by d newbies. Wen d newbies fails 2 join d system, old folks won’t get paid and d system will b in anarchy. Stay off while it is still safe!!!
Glad you realized the truth about this company.
Greed is always blind to truth. Greed only cares about the hype of money and don’t care about whether it is legal, trusting, honorable and lack of moral conscious in having other people getting involved in the same scheme. And if the scheme for what ever reason(s) falls apart and the greedy person loses money, they will whine and whine about it and regret that they fell for such a scheme, which they all deserve to have lost money. Like the old saying goes, “A SUCKER IS BORN EVERY MINUTE”… And that is verified through thought human history. Only a smart person will do a complete and unbiased research on any money making scheme. And even then, sometimes things still fall apart with the money making scheme. Only time will tell if Forsage is for real. As retired man, I have seen many forms of scams. Not to mention that I too have experienced in trying a couple schemes myself early in life that did not work out so well. Fortunately I have lost very little amount of money because because I soon saw the problems with the money making scheme. Remember, promoters will convince you that you will make money. Sometimes you do but most of the time you won’t make the money you expected. Remember, many promoters have shewed minds with very little conscious, if any. The crooked promoters are masters of deceit. Your job is to do your own due diligence. If you are not 100% sure the scheme will make you money, just walk away from it and check out other money making promotions… So good luck to each of you who still want to involve yourself with Forsage. As Jesse Singh tries to inform and help you of the truth, I too agree with his findings.
Thank you for commenting Alfie!
Dammit, I bought in. Is there a way to get out once you’re in or possible to get your money back? Thanks!
Hey Krista,
I don’t think you can…
So sorry to hear that.
Hahahaha I’ll rather stay broke working and earning my cash the hard way . If you make money on forsage enjoy it but as for me its too much effort anyways lol and I can’t afford to loose my money lol. 😂 I’m also going to block the guy who invited me to join forsage . He is too persistant and never waits for me to ask question ,that is a red flag to me .He even offered to help me create a wallet account .🚩
Thanks for commenting!
Now there is nothing wrong with joining an online opportunity, just make sure it’s legit like this one here.
Great to read!
Thank you!
Wonderful review. Seems am gonna have a second thought before joining!!!
Smart!
Always do your research.
I have done MLM’s for many years. Most have negative reviews, but the reviewer always has “something else” that’s better. I definitely see the “chain letter” aspect of Forsage, which is why I am researching. Yet every single review I’m finding is just as I found with MLM businesses — you have something else “better.” I would just like to find ONE site that isn’t pushing something else.
Actually Patty my “something else” is NOT a biz op.
I help people with their business/branding.
And if people don’t have a business, I show them how to build one using ANY affiliate offer not just some biz op.
Forsage is an ILLEGAL business model.
WHAT IS YOUR VIEW ON TRADERA
It’s definitely more legit than Forsage…