Forsage.oi, a new Ponzi scheme in smart contract technology

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BEFORE YOU READ PLEASE NOTE THAT @Fexodine1 DO NOT HAVE ANY ACCOUNT WITH Forsage.io NOR IS HE AFFILIATED WITH ANYONE WHO DO. THIS ARTICLE IS MEANT TO EXPLAIN HOW Forsage.io SMART CONTRACT IS BEING RUN. ANYONE WHO JOINED DO SO AT HIS OR HER OWN RISK.

Crypto currencies smart contract is not new to many, as there are several of them running on several Crypto blockchain, among which are million money smart contract, xoxo smart contract etc. All these aforementioned operates in similar way, but Forsage present something different from any other crypto currency smart contract technology, which makes it a thing to look into so to know how it works.

Forsage.io is an etheriun based crypto currency smart contract technology which allow users to earn a long-term residual Etheriun income through a referral system. Once you join, you need to refer at least three people to do the same.

This is a new type of smart contract program and different from what online marketers usually know. Forsage is run on a blockchain automated technology that cannot be broken or changed. What this means is that if Forsage closed down today, the program remain functional. Forsage is a kind of MLM Network marketing that keep running as long as people keep joining the program. Most of the work required for users to do is to keep inviting others to join the program, and for a beginner three person is needed as direct referrals to maximize earnings.

How to join Forsage Smart Contract on the Ethereum Blockchain

Joining forsage is simple as no sign up or creation of account is needed. To join Forsage, you need a one-time payment of 0.05 ETH, which is around $12 as of this writing.

Forsage works on Trust wallet for mobile users, and metamask for desktop users. Once you join, you can continue earning residual ETH income with the program based on the number of people you refer. The more people who join the program through your channel, the more you earn. All commission are paid instantly to your ETH wallet.

Once you have created a Metatask or a Trustwallet, the next thing is to fund your ETH wallet and use a referral link to initiate a Forsage smart contract right from your wallet. To get a referral link search for forsage smart contract online to join an existing team.

Once your transaction its confirmed, an automatic entry account will be created into slot one on the 3×1 and 2×2 matrices. You can purchase to earn from up to 12 slots, each slots doubles in price and pays more commission than the last one.

How forsage works

To begin your participation in forsage smart contract you simply pay 0.05 ETH to participate in the matrix cycler positions. The matrix systems used are 3×1 and 2×2. A 3×1 matrix requires you to fill only three positions. On the other hand, a 2×2 matrix begins with two positions on the first stage and expands to four positions on the second stage.

For both matrices, you need just a single purchase of 0.05 ETH. As you directly and indirectly recruit Forsage affiliates, the positions in the matrices get filled. Once all the positions in a matrix are full, a cycle commission starts, where the position that cycles out of the matrix equally starts a new matrix of the same size.

The explanation of the above is that you buy the first slots of 3×1 and 2×2 with your 0.05 ETH, then go ahead to invite three person to do just what you have done. When the first slot of 3×1 is complete but thea commission of the payment goes to your wallet instantly. You may only need to refer three affiliate to complete the 3×1 matrix, while those you refer do the same for the 2×2 matrix to complete. Once the slots are completed a new circle will begin by buying new slots again.

Forsage cycle commissions in the two cycler tiers.

A 3×1 matrix generates 0.05 ETH in gifting payments and starts a new 3×1 matrix. Entry is 0.025 ETH of the initial 0.05 ETH buy in purchase. A 2×2 matrix yields 0.075 ETH in gifting payments and starts a new2×2 matrix. Entry is 0.025 ETH of the first 0.05 ETH buy in purchase.

The explanation of the above is that, for the three direct referrals that join your network you get a commission of 0.05 ETH, while you filled the 2×2 slots with indirect affiliate and recieve a commission of 0.075 ETH to your wallet.

There is automatic deduction of reinvestment fees for the 3×1 matrix that keeps your slots active, so you don't ever have to pay another fee to start a new circle. In the 2×2 matrix, automatic downstream partner commissions instantly paid to your ETH wallet. Slot fees are automatically paid to your superior partner’s ETH wallet. This means everyone work as a team to earn commission. When you register for the first time, there is automatic entry into slot one on the 3×1 and 2×2 matrices.

Important note

To join forsage smart contract it is advisable to join a thriving team or group so you can get adequate support and gain from spillover. Spillover works when you are not able to get any or more referrals to join your network, so when those that are ahead of you in team complete their slots and still getting more referrals it will spillover to the downliners so as to complete a circle.

You can check it out on their website here @ forsage.io

Forsage.io promised to be the first ever 100% decentralized earning platform. The revolutionary Smart Contract technology that provides participants with the ability to directly engage in personal and business transactions. Besides, the Forsage Decentralized Matrix program is openly and perpetually available to view on the Ethereum Blockchain.

What do you think about forsage.io? Can this be a legit smart contract business or another MMM.

My final thought about forsage.io

Do i give forsage.io a green light for people to join?

Though people are currently joining the program as the time of writing this article, my advice would be to stay away from forsage.io because this looks like a classic Ponzi scheme which might likely collapse soon.

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Comments

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3 years ago

It's a Ponzi scheme. Scam. You will lost money if they invest there.

https://newhotprograms.com/forsage-review-ethereum-gifting-matrix-scam/

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3 years ago

For this Forsage is another Ponzi Scheme. I say ANOTHER because are a lot in the market. I just don't understand how people are being fooled by this kind of scam. Those idiots hoping there money cound grown in one week of hoping or overnight. They are so blind by the amount they promised with.

I've seen this kind of post all over Facebook few weeks ago. I just ignored them. Cause If say opinion about I might get this hateful Comment from those idiots. Well they are promising that you will earn 10,000$ usd through the process. Come on Am I stupid and no brain to think how?

Earning 1$ is too hard then 10,000 $ for few weeks and says you just need 2 invite and your invites must invite 2 Invites each. By hearing that. I say Oh okay good luck to that another MLM. making innocent people or those people no nothing in Crypto to jump in.

Those who are inviting them have this no conscience. Well this life is just a money matters to survived so they don't care if they are fooling others and make them believe. Anyway I can say A lot but I will ended it here. It's own risk for those who are joining.

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3 years ago

Please always research before you post, otherwise people will lose money.

https://read.cash/@Samael/faucet-scams-5cf23810

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3 years ago

I did do a research before writing about it, I checked some reviews only one review seems to say negative things about it. I made the post to elicit reactions from read.cash community, so as to know if anyone has any experience with it. I have been receiving a lot of invitations from some people to join them, but i have been reluctant. I felt the best way to know much about it is to write about it, so i will know what people thinks about it. You can see in the article that i didn't really include any link, so basically am not asking anyone to join

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3 years ago

Well, on my last article i mentioned it to someone on the comments section and was asked about it. I fect the only way to go about giving answer to the question was to write about it. Anyway, your constructive comments and red flags signals about forsage have helped me to make a decision on my plan to join the program. Thank you so much

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3 years ago

Please write above in bold in the article that this is a pyramid system and that people should not deposit anything there.

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3 years ago

I will edit the topic and do what you said

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3 years ago

I have done updating the article with the necessary information you sent. You can check it out again

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3 years ago

[deleted]

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3 years ago

Leave it alone. It's a Ponzi scheme. Yo will lost money: https://www.businessday.ng/crypto-and-blockchain/article/where-is-million-money/amp/

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3 years ago

[deleted]

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3 years ago

I will never pay into the Ponzi scheme. First, I'd be enriching the scammers. Second, I'd be a scammer myself.

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3 years ago

How??

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3 years ago

Read the Wikipedia article about pyramid scheme

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3 years ago

All Ponzi pyramids work in the beginning. This takes as long as new users join and pay for old users. Read about pyramid scheme: https://en.m.wikipedia.org/wiki/Pyramid_scheme

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3 years ago

So you mean the new users pay for the old yours to enjoy?? Then with time you the new will also turn into a old user or will it get blocked??

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3 years ago

Nobody will be blocked. Read the article. I hope you can understand it. If not, trust me and never pay in a pyramid scheme.

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3 years ago

I get it now but I have already joined..

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3 years ago

Then you can only hope that enough stupid ones are found to pay for you. And you will have a bad conscience if those who paid for you are not paid by anyone and lose money.

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3 years ago

[deleted]

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3 years ago

Either you want to understand or you can't. All those at the bottom of the pyramid will lose their money.

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3 years ago

Ikr

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3 years ago

You have really gone far in the business, but am not thinking of joining myself. I made the article to know what people think about it

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3 years ago

It doesn't get blocked, but when new users could not refer people anymore the system is bound to collapse, but for now people are enjoying it. But am not sure if i will join

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3 years ago

Don't do that. Read articles I linked for you

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3 years ago

Alright, i look into them. Thanks

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3 years ago

I'm sorry but forsage is a ponzi scheme. I wouldn't advise anyone to expose himself in such high risk investments.

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3 years ago

You don't need to be sorry, the reason for the article was to elicit reactions to know more about it

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3 years ago

Piramid systems are actually not an investment at all. It's a system for getting stupid people out of their money. It's a scam.

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3 years ago

This all looks like a classic Ponzi scheme. My advice to everyone is to stay away from websites where you have to deposit money and the website does not have a real company address. Such websites usually work for a while, then they disappear and your money is gone. If the profits come from user deposits, it is always a ponzi scheme.

https://bitcointalk.org/index.php?topic=5247055.0

https://jessesingh.org/forsage-review/

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3 years ago

That's what i personally thinks about it. Any online business that asked to pay some money to someone while someone else pay some money to me is not my liking. That's why i haven't joined. Though a lot of people in my country are into it, and claim to be making money in it, but i don't like the idea of having to refer someone before recieving a commission.

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3 years ago

That is a traditional ponzi scheme and my advise is to stay away from it, people will lose money from it and sincerely I am a pro security guy and I hate scams and fraudulent (like this) business! If you pay and invite others to join and with that earn its time to Stay Away From it! You want to check it that is scam just insert the contract here https://scam-alert.io and let me know what you found! Those business after receiving a large quantity of cash will just vanish!!

$ 0.06
3 years ago

That's right, i got what i wanted to know about it. I will do an update on this article

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3 years ago

Thanks for your promptly response I have many posts referring scams on other blogging platform I hate scams and their founders they act like vampires sucking money from hardworking people , scams are many on crypto space and the warning sign is the one that promise to pay huge sums in return like this one, you pay 12 dollars and in about 7 days you can make 1 ETH!! pure move of a scammer and am glad you will Update it👊

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3 years ago

Am happy to know that there are people who have experience in this kind of business. I was contemplating joining the program, so i said the best way for me to know much about it is to post it here for people who have experience to say something about it.

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3 years ago

My pleasure🙌

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3 years ago

I have done updating the article topic and effects some other thoughts where necessary. You can check it out again

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3 years ago

Thanx. Good thing you put it in the title.

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3 years ago

Nice I will give it a look again😊

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3 years ago

Ponzi is 2 to 4 months paying and then scampany.. don't invest more .. my advice.🤗

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3 years ago

I have always known it is scam

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3 years ago

It's scam. Ponzi scheme. Don't invest there, you will lost money:

https://bitcointalk.org/index.php?topic=5247055.0

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3 years ago