Is Zarfund a Scam? - Zarfund Bitcoin MLM Review
One of our subscribers asked me if I have the latest news about this company, whether Zarfund is a scam or a worthy investment.
She said that most of the Zarfund reviews on the Internet are outdated so she would like an updated one.
If you are looking for the same thing, then this is just for you.
On this Zarfund review of 2019, you will find out why many people are calling it a scam and whether they are telling the truth.
Let’s get started.
Owner: Hannes Jordaan
Cost to Join: 0.0025btc
Zarfund Business Opportunity Rating:
Zarfund Product Rating:
FOR ONLINE OPPORTUNITY SEEKERS
Companies today utilize different social media platforms to promote their businesses.
So I visit the Zarfund Facebook page and I am disappointed with what I found.
I also have exclusive information that explains why many people have such negative things to say about the company.
Continue reading this Zarfund review to find out what this company is really about.
Zarfund Facebook Page
The company’s FB Page has over 13k members. However, the last post was from over a year ago.
It was from Hannes Jordaan (the founder of Zarfund himself) promoting a different company called Crypto-Builder.
Naturally, this has caused some confusion among Zarfund members. To which, one has stated:
Then, another Zarfund affiliate answers:
The former seems to be convinced by the explanation of the latter. However, I am certainly not.
Because if Zarfund is indeed still "fully operational" and growing, it's FB page would always be active. This is not the case.
Founder of Zarfund
Zarfund was founded by someone named Haanes Jordaan in 2016.
Haanes claims to be an online entrepreneur living in South Africa. Surprising enough, Hannes Jordaan is not promoting Zarfund anymore.
He did not even state that he is the founder of Zarfund but a website called “webfindx.com.” The last time I checked, such a domain doesn’t exist.
Zarfund and Crypto-Builder
About the new program that Hannes Jordaan was promoting, Crypto-Builder isn’t that different from Zarfund.
In fact, it seems to be an exact clone of Zarfund!
I went and checked the company website, and you can only imagine my dismay.
The Crypto-Builder’s compensation plan is also, yes you guessed it, “gifting” - the same to Zarfund.
The images used are the same. Even the wording on the two company's "About" pages are the same!
TAKE A LOOK!
Zarfund "About" Page:
Crypto-Builder "About" Page:
As to why Hannes manages two identical investment schemes, both are still active to date; I can only think of one thing.
To get more money from unsuspecting victims!
But hey, this is just my own opinion. How about you?
Do you think Zarfund is a scam too? Let me hear your thoughts in the Comment Section Below.
What is Zarfund
Now, I know I might be getting ahead of myself here. So before I share all the proofs leading me to believe that Zarfund is a scam, let’s circle back and talk about the company.
For those who are unfamiliar about Zarfund, it is a multi-level marketing company that involves Bitcoin. Zarfund also has another sister company named Zarfund-BTC, which directly involves trading in cryptocurrencies.
It is based in South Africa, and the “Zar” in Zarfund is derived from “ZAR” which is the primary currency of the countries in this region.
As to how zarfund.com generates its revenue using Bitcoins, nobody knows.
How does Zarfund Work
Instead of trading Bitcoin to pay its members, Zarfund uses a gifting MLM compensation plan.
Another company I can remember using the same is Global Dream Network, which is also operating in the same territories.
When you join Zarfund, you will pay a membership fee in the form of “donation.” Zarfund uses a 2 x 7 matrix system.
Zarfund Compensation Plan
To join in, you need to “donate” the minimum amount which is equal to 0.0025btc (~$24) during the publication of this Zarfund review) directly to your sponsor.
In return, you will earn 2 x 0.0025btc from the two persons that you recruit under you.
As I said earlier, there are seven levels (Bronze up to Unobtanium) within the Zarfund compensation plan structure.
To qualify for the next level, you will have to upgrade your membership status by paying an upgrade fee.
Zarfund Affiliate Ranks
Below are the seven ranks in the Zarfund compensation plan. I included the cost to join and the fees to upgrade your membership.
- Bronze (Level 1) - 0.0025btc (Cost to join)
- Silver - 0.004btc (Upgrade fee)
- Gold - 0.008btc (Upgrade fee)
- Platinum - 0.02btc (Upgrade fee)
- Emerald - 0.05btc (Upgrade fee)
- Diamond - 0.1btc (Upgrade fee)
- Unobtanium (more like unobtainable) - 0.5btc (Upgrade fee)
In Science, Unobtanium is a fictional and hypothetical material, which is the perfect metaphor when describing your chance of success with Zarfund.
While You're Here: Check Out My #1 Online Business Recommendation
The Ugly Truth about Zarfund
I can relate why many people believe Zarfund is a scam and I will tell you why.
#1 A Pyramid Scheme Unchecked
Your earnings in Zarfund will come from the people you recruit down the line. There is no selling or products or services in Zarfund.
The company makes it look like you are investing in Bitcoins when you join in, but in reality, you only convert your money into BTC, but it goes directly to your sponsor.
The clear giveaway that Zarfund is a scam, a pyramid scheme,that is waiting to be shut down by authorities are these statements on its official website "zarfund.com":
Notice how the business gives heavy emphasis on recruitment. You will be reminded continuously to recruit people (2 for the lowest level), so you can make money.
They even have the guts to tell you that if you do not recruit two people within 90 days, you will not earn money and you can either quit or reinvest again.
What about your first investment then? What happens if the second time you invest you still cannot recruit two people within 90 days? Another 0.0025btc worth of you hard-earned money gone?
What a scam!
#2 A P2P System
If you are unfamiliar with the term, "Pay to Play" system (P2P) is an arrangement where payment is demanded (often illegally) from those who wish to take part in particular business activity.
This means that Zarfund is not only a pyramid scheme, but it will try to get as much money from you.
Once you have your two recruits, you need to pay additional fees to earn commission on the next level. And the next.
Is Zarfund a Scam
Having reviewed hundreds of different business opportunities, Zarfund is a pyramid scheme and a scam, in my opinion.
I know some people's argument is like this.
How can Zarfund scam you when the company does not manage any money transfer at all?
An example is on this image that I snipped from a blog of a loyal Zarfund affiliate:
The answer is simple!
Because this particular pyramid scheme wouldn’t exist in the first place if Hannes Jordaan didn’t initiate it. Zarfund and the people behind it started this illegal gifting scheme.
Another argument by loyal supporters of this company is this:
How would the personalities behind Zarfund could benefit from scamming people when they aren’t the one who hold and manage the “donations"?
Because it is likely that all the top position of Zarfund’s matrix compensation structure are accounts owned by Hannes Jordaan and his cohorts.
If you take into consideration that the 13k people in the Zarfund Facebook Page are all members of the company, then the people who run this scheme has already amassed enough money from all the people down the line.
Like how you are hoping to make money from all your downlines. But they did it in such a sneaky way!
This is probably even the reason why Hannes created the new platform called Crypto-Builder.
It is because he is worried that the authorities will catch up to Zarfund soon, so he already made a preemptive move.
Should You Join Zarfund
I am in no place to tell you what to do with your time and money. However, I wouldn’t recommend this business opportunity.
Zarfund is a pyramid scheme and will collapse as soon. When no more people are tricked into joining at the bottom of the pyramid.
When the recruiting stops, Zarfund will cease to operate. That or when the FTC and authorities shut them down.
Before You Leave: Check Out My #1 Online Business Recommendation
My Humble Advice
I have long expressed my doubts about multi-level companies that involve cryptocurrencies because it is where usually scams are rampant.
There are many other business opportunities like Zarfund that also turn out as scams. My advice is when an exciting opportunity knocks on your door, treat it with the right amount of skepticism.
To protect yourself in the future, you might want to read these articles:
Zarfund Business Alternative
If you are serious in starting a business to make money online, then there is an online business program that I can highly recommend.
This business involves affiliate marketing, and the good news is, it has already changed the lives of ordinary people like you.
The same things could happen to you too!
Wanna know the best part about this online business program?
You can get started today for free!
Thank you for taking the time to read this Zarfund review. I sincerely hope that you found the information you need to decide on whether Zarfund is a scam or a worthy investment.
If you share the same conclusion with me, please help me educate other people about the ugly truth of Zarfund.
Meanwhile, if you have more vital information that you want to share regarding this company, feel free to utilize the Comment Section below.
Until here and stay safe always.
FREE COACHING PROGRAM
TURN YOUR PASSION INTO A SIX FIGURE ONLINE BUSINESS
Finally! A Proven Step-by-step Method To Earn A Six Figure Income Online
Claim Your Free 10 Day Passion to Profits Course...