My Cash Pool is a Bitcoin gifting company. Its domain (MyCashPool.Wordpress.com) claims to be the world’s fastest-growing crypto gifting company. It has been operating for three years now. There are numerous suspicious aspects of this company, so it is important to review it in detail to determine the authenticity of its claims.
As its name suggests, My Cash Pool is a gifting company that claims to be the leading gifting scheme in the crypto industry. According to MyCashPool.WordPress.com, the owner of the company is Ashish Raja. Raja is running the company from India.
The website has also provided several testimonials to seem like a genuine platform. However, it is important to note that they seem to be completely fabricated. In fact, the entire website of the company is poorly designed and give very limited information about the mission and vision of the platform.
Ashish Raja is running My Cash Pool from India. Raja has been involved with multiple MLM companies and gifting schemes in the crypto industry. In 2016, he was heavily marketing the Fort Ad Pays and Triple Threat Marketing. Moreover, he was also the affiliate of Ultimate Revshare. By 2018, all of these companies had completely collapsed due to a lack of recruitment and illegal nature.
It is evident that these companies were Ponzi schemes and did not provide any considerable profits to the consumers. Instead, they had to suffer massive financial losses after investing in these companies. Therefore, past ventures of Ashish Raja show that you should not fully trust My Cash Pool as it can turn out to be a scam company as well.
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Since there are no retail products or services offered by My Cash Pool, the only way to earn any kind of profits is through gifting bitcoins. To become a part of the income structure, the members must gift at least 0.02 BTC to the member who hires you.
MyCashPool.WordPress.com states that the company has a 2×10 compensation matrix to distribute the profits. An affiliate is at the top of the matrix, while two positions are located under the affiliate. Every level from one to ten consists of twice as many positions as the former level.
Since every recruit has to gift 0.02 BTC to the member who recruits them, it means that an affiliate on the first level can receive 0.02 BTC from two members, and so on. My Cash Pool has a total of ten levels to earn profits from the company. All of these levels are associated with gifting Bitcoins. The only difference between the levels is the amount of BTC gifted to the affiliates.
MyCashPool.WordPress.com provides the following breakdown of the ten payment levels:
Investing in a gifting scheme like My Cash Pool is a not good idea because its entire business model revolve around gifting BTC and recruitment. It can collapse anytime due to lack of recruitment. Instead, you should use the crypto trading bots to earn profits in the crypto industry by using such reliable tools that offer flexible trading preferences.
MyCashPool.WordPress.com provides the following ten steps to become a part of the company:
Despite this extensive procedure, the website does not have much information about the actual working of the company. For instance, there is no external source of revenue. The company is fully relying on recruitment, and the affiliates are gifting BTC to each other. Such kind of business model is not sustainable at all.
The very first thing that we should consider about this bitcoin gifting company is its owner. Ashish Raja is known to be running several failed companies before. In fact, most of his companies were Ponzi scheme that caused a lot of financial harm to the members.
There is no point in investing in a company that is run by a man who has a past of running several failed companies and scamming people by promising huge profits.
Comparison between My Cash Pool and other companies run by Raja shows that there is not much difference in their business structure. All such companies are run by recruiting more affiliates and using their bitcoins or cash to pay the old members.
Furthermore, the analysis of the compensation structure shows that it is not beneficial for the affiliates. They have to recruit a large number of people to earn any significant profits. Most of the money will be going towards the managers and owners of the company.
Therefore, it is clear that the purpose of My Cash Pool is to take a massive amount of money and Bitcoins from the members without giving any significant profits. Ultimately, the company will collapse due to a lack of recruitment, and most of the money will be in the hands of its owner.
So, if you do not want to lose your money in bitcoin gifting schemes like My Cash Pool, you should consider not investing in it in the first place. Instead, you should use the crypto trading bots that are much more efficient and reliable than MyCashPool.WordPres.com. These bots will provide a good support system and modern trading techniques that will help you in earning maximum profits from crypto trading.
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