Forsage review (is forsage legit or scam?)
Forsage review, if you have been online for the past few months, you must have heard about forsage, or perhaps someone even tried to recruit you to the platform.
You are probably here to find out more about forsage, to know if it is a platform you should invest your money in or if it is a scam platform you should stay away from.
In this unbiased forsage review, I am going to be telling you all you will need to know about this platform, and if it is something you can invest your money in.
To know more about forsage, make sure you read this forsage review till the end, and leave any questions you may have in the comment section.
Let’s get into it then…
What is forsage?
Forsage is an MLM pyramid scheme (much like million money) that began around February 2020, it is deployed on the ethereum blockchain and has no admin that controls it.
The forsage.io domain was registered on February 2020 privately; this means that the founders of this platform is not yet known.
The fact that people don’t know who is behind the platform has raised red flags for many, who feel like, it is just another platform designed to scam people of their money (much like MMM, loom money etc.), it is also important to know that nobody knows who created bitcoin, he/she is only known by an alias “Satoshi nakamoto”.
Forsage works in way that you can join the platform by depositing a certain amount of ETH (ethereum) to your upline, the profit comes from other people’s pockets directly into your personal wallet.
Before I show you exactly how forsage works, I will try to explain what ethereum is for those that don’t fully understand it.
What is ethereum?
Ethereum was created by Vitalik buterin in 2014, ethereum(ETH) like bitcoin runs on blockchain technology, but ethereum and bitcoin are very different.
Bitcoin is the most valuable cryptocurrency, as one bitcoin is worth millions of naira.
Ethereum is the 2nd most valuable cryptocurrency and it has been predicted by some experts that it’s value will increase exponentially in the next few years.
To really understand ethereum, you must understand how the internet works, these days our personal data, passwords & financial information are stored on cloud servers owned by big companies like google, facebook, we trust them to keep our data safe (or we have to trust them), but a hacker or government can gain access to those information, meaning they can steal or change that information.
Ethereum has the aim of replacing these internet third parties with thousands of computers around the world called “nodes”.
Read my post on what is ethereum?
Forsage products & services
Forsage has no products and services, it only works based on affiliates i.e. you bring other people to the platform, who in turn bring others to the platform and so on.
Generally, this can become a problem, as there are many people who don’t want anything to do with referrals and who feel like anything that requires them bringing people to a platform without any form of product or service is not sustainable.
Forsage is designed in such a way that even if you don’t refer people, you can still make money through overflow (i.e. as long as your uplines are very active in referring people).
The fact that forsage doesn’t have any product or service is another red flag, since some countries consider any MLM platform without product or services to be illegal.
Since forsage is built on the ethereum blockchain, it can technically not be shut down, and the system will not crash.
How does forsage work?
Forsage affiliates buy 0.05ETH matrix cycler positions, matrix sizes used in forsage cycler are 3*1 and 2*2.
A 3*1 matrix has three positions under your main position.
A 2*2 matrix starts with two positions on the level 1 and expands to four portions on level 2, these portions can be filled directly or indirectly by downline members.
Cycle commissions across forsage’s two cycle tier are done in the following ways:
3*1 matrix (entry is 0.025ETH of the initial 0.05ETH in gifting payments and entry into a new 3*1 matrix.
2*2 matrix entry is 0.025ETH of the initial 0.05ETH buy in) generates 0.075 ETH in gifting payments and entry into a new 2*2 matrix
How to make money on forsage?
To make money on forsage, you will have to register by depositing 0.05ETH-0.08ETH (between 7000 – 9000 naira) to your upline (i.e. the personal who referred you to the platform).
You will also need to refer people to the platform, this people will gift you their deposit (since you are their upline).
To upgrade to the next level, you will have to gift a certain part of your ETH, you are not required to deposit any ETH again after your first deposit.
To really make great money on the platform, you have to refer people, otherwise you will just need to be comfortable getting money from overflow.
NOTE: You will need to download the recommended forsage wallet, which is “trust wallet” for mobile and “metamask” for desktop.
How to register on forsage
To register on Forsage is about $12 to $15, this is because of the ethereum fee.
I will show you a step by step guide on how to register on forsage with your android phone.
- You will need to download the “Trust wallet” from google playstore, just search for “Trust wallet” on playstore, download and install.
- Launch the App on your phone and create an ethereum wallet, the instructions on the app are very easy to follow. You will be given 12 words as the key to your wallet, make sure you securely store them.
- After you are done creating your wallet, you will need to buy 0.07 ETH to fund your trust wallet. You can buy ethereum easily from Luno.
- You will need to visit Luno.com, deposit about 10,000 naira and buy ethereum. Make sure you check the current price of 0.07ETH by google it. You can read my post on how to buy ethereum/bitcoin on Luno.
- Go back to your trust wallet and click on RECEIVE, you will be provided with an address, with which you can receive ethereum.
- Go to your Luno account and transfer ETH from your Luno to the address you got from your Trust wallet.
- Once you have up to 0.07ETH on your trust wallet, you can now register on Forsage.
- To register on forsage, click here, it will take you to the forsage website.
- Click the green button “Auto login/registration”.
- Click the green “Registration” button.
- It will redirected to the payment page, click APPROVE.
- Once you have approved it, it will take you to your forsage dashboard.
- Congratulations, you have successfully registered on Forsage, you will see your referral link on your dashboard, you can copy it and use it to refer people.
If the registration process is still confusing, you can message me, and i will help you register.
Is forsage legit or scam?
Forsage is not a scam platform, it is built on the ethereum blockchain, which is decentralized i.e it is not controlled by anybody.
There is no fear that someone will run away with your money, and since it is built on smart contract, it cannot crash.
If you want to join an active forsage team, message me on Whatsapp here.
Frequently asked questions (FAQs)
Do i need to refer to make money on forsage?
No, you don’t need to refer people to earn money on forsage, you can earn from overflow if your uplines are very active. To make thousands of dollars on forsage, you will need to refer people.
How much do i need to register on forsage?
To register on forsage is about 0.05 – 0.08 ETH (including network fees), i.e about 7000 naira to 9000 naira. This value is always flunctuating, since the value of ethereum is not stable.
That’s it on my forsage review, I hope I have helped you understand what forsage is all about. If you have questions, you can leave them in the comment section below and I will tend to them as soon as I possibly can.
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Thank you for reading.
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