Hello there! In this review, we will be taking a closer look into understanding everything there is to know about the business called Doubleway. Judging by the first reactions, the company Doubleway provides absolutely no information about the company on the website, and there is no information about who even owns and runs the business.
The website domain of the company, Doubleway was registered privately on the 4th of September, 2019. There is a big chance that whoever is running this company is based out of the South American continent. During the time of publication, the majority of traffic which reaches the Doubleway’s website comes from three major countries which are Venezuela, Colombia, and Brazil.
It is naturally suspicious and a good opportunity for you to become wary about an MLM company that is not upfront about who owns a company or runs it. You need to naturally think long and hard about figuring out whether or not to join the company and hand over your hard-earned money to such a business.
What are the products of Doubleway?
Doubleway as a company does not offer any products or services which can be retailable in nature and the only way affiliates and members can make money is through the membership itself. This form of selling memberships is fairly common with popular MLMs everywhere!
How does the compensation plan for Doubleway work?
Newly recruited Doubleway affiliates gift ethereum to existing affiliates via a 2×8 matrix. A 2×8 matrix places an affiliate at the top of a matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions). Levels three to eight of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.
A newly recruited Doubleway affiliate signs up and gifts 0.8 ETH to the affiliate who recruited them. Once they’ve recruited one affiliate of their own, the affiliate receives a position at the top of a 2×8 matrix. Positions in the matrix continue to be filled via direct indirect recruitment.
Each matrix level requires an additional gifting payment to unlock. These payments increase each matrix level as follows:
- level 1 – gift 0.8 ETH and receive 0.8 ETH from two affiliates (0.16 ETH)
- level 2 – gift 0.16 ETH and receive 0.16 ETH from four affiliates (0.64 ETH)
- level 3 – gift 0.32 ETH and receive 0.32 ETH from eight affiliates (2.56 ETH)
- level 4 – gift 0.64 ETH and receive 0.64 ETH from sixteen affiliates (10.24 ETH)
- level 5 – gift 1.28 ETH and receive 1.28 ETH from thirty-two affiliates (40.96 ETH)
- level 6 – gift 2.56 ETH and receive 2.56 ETH from sixty-four affiliates (163.84 ETH)
- level 7 – gift 5.12 ETH and receive 5.12 ETH from one hundred and twenty-eight affiliates
- level 8 – gift 10.24 ETH and receive 10.24 ETH from two hundred and fifty-six affiliates (2621.44 ETH)
- Note that these figures are monthly recurring, provided affiliates placed into matrices continue to make gifting payments.
The price to join a Doubleway membership is tied at an initial 0.8 ethererum as a gifting method to members. However, to active a full participation and engagement in the membership, the income opportunity costs 21.12 ethereum every single month.
In conclusion, Doubleway can simply be defined as a matrix-based gifting scheme and instead of a matrix script, there is an ethereum smart contract. The functions of Doubleway are just like any type of gifting scheme and whoever you gift and recruit is bound to get scammed in the future.
Understanding the crucial aspects of any MLM business will give you further understanding of whether or not this type of business is suitable for investments or not. So for this particular company, we would not recommend you to invest in it.
The thing nobody is telling you about this company is that it is like any type of gifting scheme there is constant recruitment which is required in keeping the scam going for a period of time. So, we suggest you to please stay away from a company like this. Good luck with your future investments. Thanks for reading! Please do follow us on LinkedIn to know get updated with our latest articles and in below section share your thoughts or comments.