Website Name: The Dollar Sharing
The Owners: Krzysztof, Simon and Mia
Gifting Fees: Ƀ0.02 - Ƀ128.00 (USD $187K plus)
This is a cash gifting and chain recruitment scheme which means that it will inevitably collapse and people will lose out. You can make money with schemes like this for a while, but there are some very real risks involved and it's not an ethical model in my opinion. I do not recommend it.
It seems cash gifting schemes are becoming quite popular these days. They no doubt appear to be an easy and exciting way to make a quick income online. I get it. Unfortunately, the majority of people lose money with this model when they inevitably collapse, which generally isn't very long.
The website (dollarsharing.com) was registered anonymously in June of 2016 and the owners have chosen to remain anonymous on the website. However, after heading over to their Facebook page they identify themselves as Krzysztof Tymoteusz, Simon Hykins and Mia Melania.
What Is The Dollar Sharing?
They don't make much of an effort to mask what this is about in comparison to some sites I've come across. As in, many similar schemes will bundle 'products' and/ or 'adpacks' with the system in an attempt to legitimise things. In this case, it's abundantly clear the objective is to sign up, pay to unlock levels in your downline and recruit as many people as possible.
What's wrong with doing any of this and how can you lose out? Read on...
How The System Works
In order to understand why people inevitably lose with this model, you need to understand how it works. Makes sense right? I'll dig into the details to help you get a better understanding below.
The 2X12 Matrix System
This operates using a 'matrix downline' structure and in this case, a 2x12 matrix is used. This means that each member can only ever have 2 people placed under them and so on, down 12 levels deep.
The end result is a 'completed matrix' housing 8,190 positions which is your sole objective with this.
There are different ways you can fill this downline including your upline placing referrals under you, sponsoring people directly and your downline recruiting people. It all depends on you and your team.
The BitCoin Gifting System
You essentially unlock new levels (1-12) through BitCoin gifting payments made to your upline, and their upline and so on. Once you unlock a level in your downline, you are then able to fill it with new recruits that you or your team bring into this.
For example: to unlock level 1 in your matrix, you must gift Ƀ0.02 to your direct upline sponsor. To unlock level 2 in your downline, you must gift your sponsor's sponsor. This continues until all 12 levels of your matrix downline are unlocked.
Here's a breakdown of the gifting payments and rewards:
- Level 1: Gift Ƀ0.02 to receive Ƀ0.04 from 2 recruits
- Level 2: Gift Ƀ0.03 to receive Ƀ0.12 from 4 recruits
- Level 3: Gift Ƀ0.09 to receive Ƀ0.72 from 8 recruits
- Level 4: Gift Ƀ0.25 to receive Ƀ4.00 from 16 recruits
- Level 5: Gift Ƀ1.00 to receive Ƀ32.00 from 32 recruits
- Level 6: Gift Ƀ2.00 to receive Ƀ128.00 from 64 recruits
- Level 7: Gift Ƀ4.00 to receive Ƀ512.00 from 128 recruits
- Level 8: Gift Ƀ8.00 to receive Ƀ2,048.00 from 256 recruits
- Level 9: Gift Ƀ16.00 to receive Ƀ8,192.00 from 512 recruits
- Level 10: Gift Ƀ32.00 to receive Ƀ32,768 from 1,024 recruits
- Level 11: Gift Ƀ64.00 to receive Ƀ131,072.00 from 2,048 recruits
- Level 12: Gift Ƀ128.00 to receive Ƀ524,288.00 from 4,096 recruits
The end result is paying out over USD $187,000 to unlock all 12 levels and over USD $511 million in potential revenue per completed matrix. Sound a bit too good to be true? That's because it is.
The Problem With This System
Now that you have a better idea on how this system works, I'll explain why I'm personally not a fan.
In order to make this work, there must be a constant flow of new recruiting happening. Without such, it simply stops working. Given there are only a certain number of people willing to join something like this, this WILL come to an end when people stop joining. Plain and simple.
Since there are no tangible products on offer, no one is sticking around once recruiting slows which makes this completely unsustainable from the get go. And no, the advertising is not what this is about and it's not a tangible product. It is low quality member to member advertising of similar schemes.
An important question to ask yourself about this system is how does the admin make their money? The answer is quite simply this- through pre-loaded matrix positions.
While everyone else is busy paying $1000's to unlock matrix positions, the admin already have positions at the top of x number of matrices. They didn't pay a cent and they are the ones benefiting the most from all of this recruiting. That's fine and all, but when the shit hits the fan (and it will) they walk away with a good chunk of cash while the majority of hopefuls lose out.
Why This Matters To YOU
The reason all of this matters for you is because recruiting that number of people takes a LOT of effort and potentially, a lot of money spent on advertising. This means you are working your butt off for a sinking ship and you won't be building good relationships with people online in doing so.
Ask yourself... would you be happy with someone who recruited you into a scheme that collapsed after investing a ton of money and time into building your downline? I know I certainly wouldn't.
You can join something like this and make money for a while, yes. The trouble really comes with how long these schemes last and in my opinion, they are not ethical to promote. These things always end with people losing money and the majority don't realise this until it's too late.
That's why I publish reviews like this, not to 'bash' an opportunity, but to warn you of the potential risks involved. I know I would personally want to know what I was getting myself into before diving into something. The bottom line is there are more sustainable and profitable opportunities to consider.