What is crowdrising?

What is crowdrising?

Crowdrising the latest home-based business. It is the project initiated by Gerhard Rempel. This is not his first project like this, he already has had an experience in this field, in 2013 he was the co-founder of Belizers, in 2015 it was Fast cash Cyclone, both disintegrated. There is information that Rempel is not the only one manager of the company, people talk about five more unknown mystery managers, so called “5 Horsemen”.

Probably you have known about crowdrising from social networks or probably some of your friends advised you to join it (especially if you friend is already a member of Crowdrising Nigeria). Please note that Crowdrising is not a company or corporation it is more a system without owners.

Crowdrising - how it works

What is crowdrising?

How crowdrising works

The first logical question is about how it works, what is the main idea, is crowdrise legit or not, what traps and pitfalls it has. We will make a short analysis about the company and its compensations, after you can decide whether to join it or not. The main product of crowdrising is its membership, it sells membership, using special scheme of compensation.

It notionally donates money to others. You get money if you attract other people to affiliate the company, the more members you will rope in, the more money you are supposed to get from crowdrising. Your first donation should be $20, after sponsor gets it you get your position in so-called 5×10 matrix. It has 12,207,030 possible positions. The scheme looks like this:

Crowdrising - matrix

What is crowdrising?

Is crowdrising a scam?

There is a thing that should put you on your guard: you will switch off to a new level of the matrix after another piece of donated funds. Managers assure that executives do not accumulate money, affiliates pay each other directly. Yes, it is true, but not for 100%, to open levels of matrix you pay donations, so large funds are accumulated into the scheme, who owns the scheme, owns money.

Crowd rising - scheme and stages

What is crowdrising?

Actually, it looks like another pyramid investment scheme, like MMM Global. A question now arises whether is crowdrise safe, all we know what was the end of MMM...Unfortunately companies of this type crashes and burns at the end. MMM Global had the same concept, MMM Global and Crowdrising are like twin-brothers, the only difference is that MMM used bitcoin ( a peer-to-peer payment system using digital currency) and the head of it was a Russian criminal. One more very interesting coincidence - MMM global fall down and in a short time the Crowdrising arised. It looks very much like reloaded system.

Of course, it should be your own decision whether is crowdrising a scam or not.

READ ALSO: MMM, Ultimate Cycler and 5 other Ponzi schemes ruling Nigeria

READ ALSO: How does MMM work?

Source: Naija.ng

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