Welcome to my Doubleway Review!
Nowadays, business opportunities have become ubiquitous. Just try searching the internet and you will surely find what you are looking for. I presume that you have landed on this page because you have heard about a phenomenal wave that has taken the internet by storm. I am talking about Cryptocurrency. This term has been much-publicized and has gotten a lot of people crazy.
What is Doubleway? Doubleway is an MLM company that provides opportunities for members to earn money from the comforts of their homes. Its members just need to invite others to invest in the business since there are no products to sell.
The company implements an MLM structured business where affiliate members can recruit new people to join Doubleway through their affiliate link and build a downline team to earn commissions. It boasts as the easiest and fastest way to make money in the crypto industry.
I will be presenting to you everything there is to know about this business. Before we get started I would like to commend you on taking the time to do your due diligence so you don't get taken by all of the scams and rip-offs that are found everywhere on the internet.
That's how you find the legit way to make money online!
I would like you to know that I'm not in any way paid by or associated with Doubleway. This is an honest review for the purposes of providing you, the consumer, the necessary information so that you can make an informed decision on whether or not Doubleway is for you!
So, here we go!
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Doubleway MLM Review Summary
Product Name: Doubleway
Founder: N/A
Product Type: Cryptocurrency
Price: 0.8 ETH (Minimum Ethereum Wallet capacity)
Best For: No one
Rating: 10/100
Recommended: No
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Source: www.doubleway.io
Doubleway: The Unknown History
One of the first and the crucial things that you have to do in doing a background check is to find out the owner or founder of a company. In this way, you will have a clear understanding of “who” is behind the “what”.
However, in this case, there is no information available regarding who runs Doubleway. The only concrete fact we can find is that the company’s website domain was registered on September 4th, 2019 under the name doubleway.io.
Countries such as Colombia, Brazil, and Venezuela are the top sources of traffic according to Google. Chances are high that whoever is running Doubleway is based out of South America.
This should give you the impression that if an MLM company is not privy when it comes to its origin, you must think a million times before jumping into the bandwagon.
Doubleway Advantages
Despite its information deficiency in certain areas, Doubleway has a “way” of introducing its advantages.
- Absence of Risks
- Full decentralization
- Referral Assistance
- Smart Contract
- Referrals from uplines
- Blockchain guarantee
- Benefits of Inactive Referrals
- Function “Repeat”
- Connection with CryptoHands
- Signing Up via CryptoHands
See the image below or check the company’s website for a full discussion of details.
Source: www.doubleway.io
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Doubleway Products
As we can observe in most countries, MLM companies are required by law to submit a proposal regarding retail options for their products and services. Sadly, Doubleway does not offer any of those. The only thing that you can do is join as an affiliate member and sell the “opportunity” to others in order to earn commissions.
How to make money with Doubleway.io
Source: www.doubleway.io
There are five simple steps to follow in joining Doubleway. Obviously, the first step towards earning money is to sign up and become an Affiliate Member. To Sign up and to get the 1st level in the System, just send 0.08 ETH to Your upline every two months. The first person who comes after you will bring these funds back to you, every two months as well.
Note that prior to signing up, the initial requirement is to have an Ethereum wallet. Once completed, you may now sign up to create an account with Doubleway.
After signing up, you need to send 0.08 ETH, which is equivalent to $18.76, from your Ethereum wallet to your upline. These 0.08 ETH will return to you fully after the first referral.
The next step is to log in to your account, with just 1 click without any need for a password. Yes, you read it right. No password. The company assures its users that their accounts are safe and that these are impossible to be hacked or blocked. Thanks to decentralization, a feature in cryptocurrency, that prevents cybercrimes from happening.
The third step is to get or find referrals. After reaching Level 1, you can invite 2 referrals personally. These are your 1st line referrals. The third referral would be placed under your first referral, so on and so forth. In short, this works as a binary system where each member has to have 2 members under him or her.
While waiting for referrals, you may also send out personal ads or use any form of marketing to draw in potential members into joining DoubleWay. You may also wait until the system will bring you free referrals by itself.
The fourth step is to receive automatic transactions from smart contracts directly on your Ethereum wallet. There is no need to accept transactions or request payments as these funds are directly transferred to your wallet.
The last step is to make a one-time income permanent by repeating the process, thus retaining a structure.
Now, the question is how do you make money with Doubleway? You earn income by receiving Ethereum from your down line. The first referral you have invited or received from the System transfers 0.08 ETH to you. And from 2 referrals of the 1st line you can receive 0.16 ETH in total. Then you transfer all 0.16 ETH to the upline of your upline (to your second-line upline), thereby purchasing the 2nd level.
This will be discussed in detail as we go along.
How to get started with Doubleway
Doubleway is an income “Return on Investment” type of business that involves the use of “Ethereum,” it is the second cryptocurrency after Bitcoin by popularity, and the first, by popularity, in smart contracts. You need to have an Ethereum wallet which can be created by installing a plugin (Metamask) and mobile application (Trust Wallet) and through the website (MyEtherWallet).
Doubleway affiliate membership is fixed to an initial 0.8 ETH payment to whoever recruited you into the business. Full participation in Doubleway’s income opportunity costs 21.12 ETH a month.
Doubleway Compensation Plan
Doubleway operates using The Matrix-based Compensation Plan. This is used to track movements and is also a means of paying commissions to affiliate members. This is how passive income is made possible.
This Matrix is presented in a 2×8 structure. In lieu of a matrix script, the company uses an Ethereum smart contract. This places affiliate members at the top of a matrix provided that they have two affiliates under them. As mentioned earlier, a newly recruited Doubleway affiliate who signs up needs to give or pay 0.8 ETH to the affiliate member who enlisted them.
Payments have to be made in Ethereum. This is the currency used in purchasing and in paying the one who sponsored you. You will be required to pay your sponsor or upline a consecutive higher amount of Ethereum to earn from a certain level. You are free to use the commissions you earned from the previous level to qualify for the next level.
Each matrix level requires an additional payment in order to be unlocked.
Below is the process of unlocking the levels through paying and receiving ETH:
- level 1 – pay 0.8 ETH and receive 0.8 ETH from two affiliates (0.16 ETH)
- level 2 – pay 0.16 ETH and receive 0.16 ETH from four affiliates (0.64 ETH)
- level 3 – pay 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 – pay 1.28 ETH and receive 1.28 ETH from thirty-two affiliates (40.96 ETH)
- level 6 – pay 2.56 ETH and receive 2.56 ETH from sixty-four affiliates (163.84 ETH)
- level 7 – pay 5.12 ETH and receive 5.12 ETH from one hundred and twenty-eight affiliates
- level 8 – pay 10.24 ETH and receive 10.24 ETH from two hundred and fifty-six affiliates (2621.44 ETH)
Be informed that the figures here can only be materialized when affiliate members continue to make payments and do this on a regular basis. This means that you will continue to earn income when recruitment is constant. This matrix is what makes Doubleway a pyramid scheme.
Source: www.doubleway.io
Guarantees
Doubleway also reassures its affiliate members of the following Guarantees:
- The company guarantees that your Ethereum wallet will NOT be blocked. Ethereum wallet blocking is impossible by definition due to the blockchain features. The reverse side of the coin: if you lose control of your wallet, no one will restore it to you. The company will never ask you to enter your private keys.
- The company guarantees that your account in the system will NOT be blocked or hacked. Blocking or hacking an account is also a scam impossible by definition. Your account is NOT on the website and servers, but in the smart contract on the Ethereum main network. This means that no one, including those who develop a smart contract, CAN NOT theoretically even change, correct, or delete it. Information on the site in your account is available WITHOUT PASSWORD and is uploaded to the site from the public statistics of the Ethereum smart contract.
- The company guarantees that you are protected from the termination of the site and the disappearance of the administration. Smart, contract, and your account exist autonomously from the site, and even closing the site cannot make changes to the System, given that each of your withdrawn referrals repeatedly increases your profits.
- Also, any programmer in the world can make a mirror site of the same smart contract. Group leaders (both your upline and your referrals) can make a site for a specific team. Each member is protected even for this point.
Is Doubleway Legit or a Scam?
I have presented to you the facts about how the company works and how you can make money out of it. If you want to really know whether you will get paid or not, the answer is actually yes. Just like any other MLM company, its members do receive commissions as promised.
But that does not guarantee you the legitimacy of the company. On the other hand, this company may have some serious red flags but these don’t necessarily label them as a scam. So whether this company is legit or a scam actually depends on your perception. Since the company is a rookie in this business, we will let this slide, but it is also for this reason that I am not recommending this company.
It is important for an investor like you to be able to devote your time and money into something that is solid and lasting. Longevity is an important aspect of dealing with investments and the like. Ergo, joining this company would be too risky on your part even though no one forces you to transfer money to anyone since all transactions are voluntary. Are you willing to do that?
Affiliate Marketing Recommendation
Cryptocurrency may be making a name in today’s online business but it has yet to prove its worth. People who are interested in this venture need to have extensive knowledge and understanding regarding this enterprise.
If you’re looking for ways on how you can have a residual income or make a wise investment, one that is risk-free, then I highly suggest that you look at Affiliate Marketing and Wealthy Affiliate. Here are just some of the reasons why I do recommend these to you:
- No start-up costs unlike in cryptocurrency
- No recruitment just so that you can get an income
- No products to sell
- Complete training guide – from newbies to experts