December 4, 2020 by Brian Priest Welcome to My Doubleway Review. Is it a legit Ethereum MLM? Or is it some elaborate gifting scam? We are going to find out.
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Hello again everyone and welcome to my Doubleway Review. I’ve been hearing a lot of talk about the Doubleway Company lately. So i decided to dig in deeper. And see what all the chatter is about.
As a matter of fact someone may have approached you about the Doubleway company or their business opportunity. And you came here to see if it’s legit. So we are going to go through the company, the products, and the compensation plan. Then you will be able to make an informed decision about your future with the Doubleway company Company.
So let’s dig into our Doubleway Review. And remember to stay with until the end. Read this review all the way through and pay close attention.
Let’s get started by looking at the company…
Doubleway Review – (The Company)
Doubleway is an Cryptocurrency MLM company that offers people to become affiliates and an opportunity to make money online from the comfort of their own homes. To Learn more about Cryptocurrency MLMs View more Posts Here
However one of the first things I noticed when I went to the company website is that they do not have any information as to who owns or runs the company.
I’m not sure why that is. Because the company is over a year old now. And according the the Doubleway company website they have more than a quarter of a million Total active Participants. As a matter of fact the exact number is 254,560 at the time of writing this post.
And normally when a company isn’t open, honest, and transparent about their leadership it’s a huge red flag. So the Doubleway company has 1 strike against them right out of the gate.
..They are working Ethereum based blockchain technology and they seem to be growing. But they have over 70% coming out of South America. And that 70 percent breaks down as: 50% from Columbia, 12% from Brazil, and 8% from Venezuela. So this leads me to believe that the Doubleway company may based in South America
In addition to that I was discover to find out that the Doubleway company has recently renewed their registrar company domain, “doubleway.io” as of 05/20/2020. And that is good through 09/04/2021.
And that’s just not standard get in, get rich, get out with out getting caught Ponzi Scheme tactics. So we shall see! 🙂
So now that we know that about the Doubleway Company. Let’s see what they offer as products to their affiliates and retail customers in our Doubleway review.
Doubleway Review -(The Product)
Well it’s sad to say this again. But the Doubleway Company doesn’t have any products for it’s affiliate’s. Or to sell to retail customers.
And no products means red flag number 2. Because without the Doubleway company having retail products for sale. that means the onlt money coming into the company if from signing new affiliates. And that’s not good.
Because in order for a network marketing company to be legit they must have retail products or services. And more importantly they must have more retail sales than affiliate sales in the company. The FTC and SEC make it very clear!
But it seems that the Doubleway company chose to go a different route than being completely legit. Because they do not have any retail product or service offerings at all. And You can only get access to their services after you become an affiliate.
So that means every single person in that company is an affiliate. Bad, bad, bad. Oh that’s bad.
However if you want to take a look at some MLM companies that have retail products and services, check out my Green Compass Global review and my Jeunesse Global Review just to name a couple.
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Ok now that we have that figured out. Let’s look into the compensatiopn plan inside of our Doubleway Review.
Doubleway Review (The Compensation Plan)
The Doubleway company uses a 2×8 Matrix to track and pay commissions for and to company affiliates. This is also very similar to a Binary Compensation Plan.
The Doubleway company Matrix is set up in a way that you get paid on each level.
On The first level there will only be 2 positions. Then the second level will have a total of 4 positions, And the third will have 8 positions and the fourth will have 16, and so on…
Newly sponsored affiliates pay or gift Ethereum to existing members through the 2×8 matrix compensation plan. And this is how the whole compensation plan works. For example: A newly sponsored Doubleway company affiliate signs up and must gifts 0.8 ETH to the affiliate that sponsored them.
Then once the newly sponsored affiliate get’s their own downline members, they get positioned at the top of their own 2×8 matrix. And these positions can be filled directly or indirectly by downline members.
However each level in the matrix has a different gifting payment to unlock it. And Below is a break down on how that works:
- 1st Level – gift 0.8 ETH and receive 0.8 ETH from two affiliates (0.16 ETH)
- 2nd Level – gift 0.16 ETH and receive 0.16 ETH from four affiliates (0.64 ETH)
- 3rd Level – gift 0.32 ETH and receive 0.32 ETH from eight affiliates (2.56 ETH)
- 4th Level – gift 0.64 ETH and receive 0.64 ETH from sixteen affiliates (10.24 ETH)
- 5th Level – gift 1.28 ETH and receive 1.28 ETH from thirty-two affiliates (40.96 ETH)
- 6th Level – gift 2.56 ETH and receive 2.56 ETH from sixty-four affiliates (163.84 ETH)
- 7th Level – gift 5.12 ETH and receive 5.12 ETH from one hundred and twenty-eight affiliates
- 8th Level – gift 10.24 ETH and receive 10.24 ETH from two hundred and fifty-six affiliates (2621.44 ETH)
Doubleway Review – (The Cost To Join)
To become a Doubleway company affiliate the membership will requires a payment of 0.8 ETH. But to be take advantage of all eight levels you will have to invest 21.12 ETH per month. However you do not have to join all 8 levels right away. You can wait until you earn enough commissions that would make sense for you to upgrade.
So to try to tie it all together for you I found this video that does a pretty good job of it. Just remember it is from a Doubleway company affiliate and it will Be biased. So only use for informational purposes.
And now comes the part you’ve been waiting for. So stay with me for a few more minutes and pay close attention. Because here are…
My Final Thoughts.
So is there some kind of Scam going on behind the scenes at the Doubleway Company.
Well to be honest with you I really don’t think there is.
I think the Doubleway company needs to get there act together in a few areas. But if they were going to “Pump and Dump” or pull some other Exit Scam, I think they would have done it by now. But maybe not.
I just find it odd that if they were intentionally trying to pull a fast one. Why did they update and renew their domain for another years so quickly? And it’s little stuff like that that separates me from the pack. I dig deep an find the irregularities that a lot of other reviewers miss so I can give you the best and most accurate reviews out here about the companies you are interested in.
Anyways. The Doubleway has some work to do before I can say your Money is a safe bet with them.
First of all they got to let us know who is running the show and who owns the company. I mean come on already. We want to know who we are doing business with.
Second> Where the heck are they. I understand that they are an internet based company. but somebody, somewhere, with an address, is the lead dog in this race. And they most likely have a phone number too. Come on Guys. Enough of the BS. Give your affiliates and leads some transparent information.
And finally third is a real kicker. They don’t have any retail products. With that being said what this means is that if you are running an MLM company. Then you must have retail products or services with a retail price for retail customers. And a wholesale price for distributors and/or affiliates in order for the company to be a legitimate operating MLM company. Especially in many countries like the US and Canada.
So after all is said and done I can’t recommend the Doubleway company. Not because I think they are trying to rip you off. But because they are just not set up right and they have no products. However they do have a decent idea here if they would just level up.
But as it stand now. When recruitment slows down the company is going to crash. And as a result you will lose your money. Regardless of they say in their ads or on their website.
I hope you have enjoyed my Doubleway review. And as always if you have any questions or comments. Please feel free to leave them in the comments section below.
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