Forsage legit or scam latest review

Forsage is just another Ethereum based cash gifting pyramid scheme that launched in February 2020. It is a matrix cycler program. There is nothing special or innovative about Forsage. They simply use a smart contract on the Ethereum blockchain, or so they claim, to automate the position cycling in the matrices, to pay members wallets. So, instead of a web based matrix script, its on the blockchain,….big deal!

These smart contract crypto based matrix cycler ponzi scams, aka pyramid schemes, are very popular lately and are popping up like crazy.

There’s a new ETH based gifting scam launching every week now, it seems.

Matrix cycler’s never last, once recruiting slows down, people stop getting paid. Most people can not recruit anyways so they will lose their money.  The admins, the people at the top get paid the most, and the people at the bottom get suckered in these scams and lose out.

Forsage uses Ethereum as the only method of peer to peer payments, so no recourse/refunds once you send your ETH away to join this ponzi scam.

There is no information listed on the site about the CEO or owners. The domain was Forsage.io was privately registered on February 6, 2020 and expires on February 9, 2023.

From the Forsage.io website they self describe as:

The First Ever 100% decentralized international crowdfunding – The new generation platform

Revolutionary Smart Contract technology provides decentralized market participants with the ability to directly engage in personal and business transactions. The Forsage Decentralized Matrix Project’s Smart Contract is publicly and perpetually available to view on the Ethereum Blockchain.

Here is Forsage’s hypey claims from their marketing:

• Zero risk factors
• Instant peer-to-peer payments
• Transparency and Anonymity (…What?)
• Immutability
• Non hierarchically organized
• Transactional surety
• Smart contract
• Blah Blah Blah

Sounds impressive huh?? It’s not really, under the hood, Forsage is a pyramid scheme.

Typical commission junkies, crypto ponzi pimps and scammers like Vitaliy Dubinin, Justin Verrengia and Ankur Agarwal are promoting this to their gullible followers on social media and their lists to make easy commissions paid in Ethereum form the uneducated.

What is Forsage smart contract business?

Forsage smart contract business is a crowdfunded decentralized matrix project specifically designed to stimulate a global relocation to the crypto ecosystem by offering newcomers a seamless introductory experience blah blah blah. It is nothing more than a payment gateway that facilitates peer to peer commission payment between its program participant that was launched on February 6th 2020.

Does Forsage have a Product or Service

After my in-depth look into Forsage smart contract business I discovered that it has no product or service, unlike other MLM businesses. But don’t be dismayed that is not a guarantee that it is a scam or not yet so keep reading on to see how forsage works before you draw into conclusion.

How does Forsage works

Forsage works like a classic matrix. Matrix consists of slots that doesn’t expire and the circles repeat by filling the matrix with investment, and the only way you can fill the matrix is simple. It is based on referral bond (bringing in more people) and your referal follows you in each slot.

Forsage has a complex compensation plan because it makes use of two matrix program X3 and X4 unlike Ethernum million money smart contract that makes use of the X2 matrix only.

Before I start anything, if you haven’t watched my video on Million Money review, I suggest you go check that out because you will be seeing a lot of similarities between Million Money and Forsage. 

I also recommend that you watch this video till the end to have a full understanding of this business. A lot of the good stuff is going to come at the end of this video. Hello, future millionaires and you are welcome to another review episode on this channel. 

If you are new here, this channel is all about wealth, business, and making money online. So I encourage you to subscribe so that you can be informed when we put out new videos. With that being said, let us get into the video. 

While doing my research on Million Money, I stumbled on Forsage and decided that I would do some research on it too. A whole lot of people have invested in this platform already and I should have made a video on this earlier. But notwithstanding, here is what I found. 

Forsage is a smart contract project just like Million Money and it has just about the same pyramid structure. They have no products and no services. Why would anyone invest in any venture that has no products, doesn’t render any services, and cannot earn you any money unless you bring in more people. 

In a couple of review videos I watched about Forsage, they throw the word crowdfunding around. Now, without having to define what crowdfunding is, I just want to tell you that in the real crowding, you are not mandated to go look for new investors. Crowdfunding is a way individuals, businesses, or charity organizations raise money for a certain project. 

In Forsage, there is no raising of money going on. Ethereum is just being transferred from one wallet to another. Businesses that use crowdfunding are trying to avoid losing part of their company to investors. And they pay all those who participated in the crowdfunding one way or another. Crowdfunding is well regulated in the united states. This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions: 

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