Forsage, Forsage BUSD, Forsage Ethereum, and Forsage Smart contracts have been the subject of some controversy, which is probably why you’ve found your way to this page.
Inquiring minds may have been piqued since many people aren’t sure if what they hear about it is true or just a hoax.
Forsage is like a coin with two sides; a legit or a scam. However, no one can figure it out as it is a coin standing in the middle.
In just a matter of time, this Forsage Review will show you if the Forsage platform is an investment scam or a whole-making money cow with zero risk.
Chances are you heard about Forsage because someone – a friend or family member – introduced you to the company. Maybe you attended an online workshop or webinar, or maybe an in-person information session.
Your head’s probably spinning. This might be the first time you’ve heard about a real way to make money outside of a typical job.
So first off, congratulations!
MLMs like Forsage are a bit of a mixed bag. They CAN be a legitimate way to make money, but some have a reputation for literally ruining people’s lives – so it’s important to know what you’re getting, since each one is unique.
Like most of my readers, you were probably introduced to this one via a friend or some influencer you trust online.
And it makes sense why so many people recommend them:
Making money outside of a 9-5 can be… life-changing, to say the least.
So in this article, I want to help you explore two things:
- If MLMs are actually a worthwhile business to pursue
- If Forsage is a worthwhile MLM
Before that, I want to clear the air on something.
There are A LOT of people out there who bash all MLMs in any form; however, I’m not one of those people.
Instead, I want to genuinely educate you about them so that you can make an informed decision on how to proceed.
If you’re unfamiliar with what MLMs actually do:
They’re businesses in which you pay money to a company for the ability to sell their products.
Sometimes the products are actually kind of decent (I still remember my mom throwing pampered-chef parties when I was younger).
Other times the products are really poorly made and come with a high price tag.
Typically, the only way to really make money is to get people (mostly friends & family) to sign up with you for a recurring subscription.
If the product is 100% legitimate & valuable, it’s possible to get people to sign-up and continue paying you.
If the product is subpar, you’ll usually burn those bridges kind of quickly and end up with $0 each month.
The biggest issue I’ve seen is that this puts significant stress on your personal relationships, as you’re reliant on selling to your “network.”
Think about it: if you KNEW that every time your friend Sally called, she’d be trying to sell you on one of her products… you’d eventually stop answering Sally’s calls.
Now, this doesn’t mean MLMs are outright bad… it means you need to know what type of MLM you’re getting yourself into before you sign up.
Again, some MLMs provide real value to people, but MOST don’t – so in this article, I’m going to explore the case with Forsage.
But before that, I want to ask you a question: what if there was a way to build actual recurring, semi-passive income?
- Doesn’t have inventory
- Doesn’t make you sell to your friends & family
- Doesn’t force you to recruit people onto your “team”
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what Forsage looks like on the inside, keep reading.
What Is Forsage?
A Russian named Lado Okhotnikov created the Forsage project on the Ethereum Blockchain on February 6, 2020.
It promises to be a no-risk smart contract cryptocurrency application that will let money be sent to your wallet even while you are sleeping. It also claims to have constructed the world’s first truly decentralized smart contract.
Forsage promises to assist users in amassing Ethereum (ETH) with crowdfunding. But to tell you the truth, it’s more of a pyramid scheme than crowdfunding.
Let’s find out why.
How Does Forsage Smart Contract Work?
The only way to become a member of Forsage is to be invited by an existing member or to acquire Ethereum.
Forsage now requires an investment of 0.05 ETH or around $160.76 at the time of this review.
New members are now responsible for recruiting others by utilizing their own affiliate links.
And the referred needed to repeat the cycle of sending links and recruiting to earn.
This string of recruiting members to join Forsage is called Matrix Cycler Program.
Sounds familiar, right? Of course, this is what pyramid schemes are doing!
Yet Forsage says they are not a pyramid scheme as they use a blockchain network to record all transactions.
How Much Money Can You Make With Forsage?
If you’d like to see how you may profit from Forsage using the system’s matrix payment, here they are:
Three spots below you in the line if you pick Forage X3. Three open positions need to be filled.
The slots will be divided into two (0.0125 ETH+0.0125 ETH=0.05 ETH), which will be your earned percentage.
On the other hand, your Upline will get the third person you recruit and the ETH so that the line will go more.
You must sign up six additional individuals to get the most out of your money.
You will earn 51.2 ETH ($164,798.98) when you recruit all six, and all of this comes after you’ve already shelled out 102.35 ETH ($329,437.02) for the slots.
How To Join Forsage?
An active user of Forsage will need one or more of the following things:
Forage’s “Upline” is the individual who first introduces you to the program.
An upline ID is requested throughout the registration process.
It’s where you keep your ETH; It will deplete if you purchase on the Forsage website.
Downline is the individual you’ll bring to the Forsage platform.
A larger recruitment network means more money and making money for your Upline.
What Are The Issues Forsage Are Facing?
According to several individuals, Forsage is a Ponzi scam disguised in sheep’s clothing.
What does it mean? You’re making a financial commitment to something that doesn’t exist.
You will surely earn in a matter of time, but later rather than making money, you’ll lose money.
It’s because the money isn’t growing; they pass it to people joining the program, or in other words, there is just an exchange commission.
Still, want to join Forsage? Learn more about them on Forsage contact channels:
- Telegram: https://t.me/forsage_official
- Email: firstname.lastname@example.org
- YouTube: https://www.youtube.com/channel/UCIw_BhcSHA0Gf-z9PAPTSRQ
Frequently Asked Questions (FAQs)
Is Forsage A Pyramid Scheme?
When recruiting new members, Forage appears like a pyramid scam.
The company claims to be earning money via crowdfunding even though no new items are being offered to the general public.
As a result, it may be concluded that Forsage exclusively receives money from members.
Why Is It Not Legal In The Philippines?
The Securities and Exchange Commission (SEC) released a recommendation stating that the government does not permit Forsage since it’s not registered as a crowdfunding platform.
SEC Memorandum Circular No.14, series of 2019, or the Rules and Regulations Governing Crowdfunding, lays forth the rules for this kind of fundraising.
A provision in the law forbids Forsage from soliciting funds from Filipinos.
Can Joining Forsage Land You In Jail?
Some people feel that joining Forsage will not harm them and that it’s not a very dangerous endeavor.
They had no idea, however, that this strategy may backfire and cost them money.
According to the SEC, it’s not lawful if something isn’t allowed.
If someone is doing anything illegal, they are breaking the law.
What Are The Signs Forsage Is Suspicious?
The Proposals Are Too Far-Fetched
They promise you to get rich with only recruiting and no hardships, risks, or sweat?
That’s a big red flag already!
Investments always have a risk, and a zero risk is nonexistent. So, shortcuts to vouch you mean something is wrong.
They flaunt that you don’t need government and central bank in this field.
Think about it, money is handled and protected by those omitted organizations…so if something happens, who will protect you?
SIPC Doesn’t Protect Forsage
No one is protecting you, so no one will help you when things go bad.
But if the crowdfunding program is under Securities Investor Corporation, you can get $500,000.
They Offer Illegal Cash Gifting
Do you know why Philippines securities ban Foresages?
Cash gifting, you are right!
They are careful about this scheme as they have already experienced such scenarios.
Smart contract technology is not enough to secure the safety of potential investors like you.
So my advice to you is to stop investing money and time, dear. It’s not worth it.
Are There Alternatives To Forsage?
Yes, there are plenty of MLM companies to choose from if you want to pursue this business model. Here are just a few:
Is Forsage A Scam?
So, time for the $1,000,000 question: is Forsage a scam?
No, not technically. They aren’t going to run off with your money and not give you what you paid for. It’s 100% possible to make money with this program.
That being said, it’s not nearly as simple as they want you to think it is.
There’s A LOT of work to be done upfront and no guarantee that you’ll be successful. The commissions are also fairly small.
Don’t get me wrong, I’m all for doing hard work now, so that I can reap the benefits later.
But if you’re going to work really hard for 3 months, and your reward is a $100 check… it’s not really a great opportunity.
If I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
Unlike with MLMs, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve dropshipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
I’ve also been on the other side of old friends trying to sell me their fancy new MLM products.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Ownership & Control: With MLMs, you don’t really “own” anything – everything belongs to the MLM.
If you read the contracts, they can kick you out at any time, or change your commission at any time (it’s happened in a few high-profile MLM cases recently).
Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
Big Margins: With MLMs, you’re often going to have really slim margins. That means you need to have a VERY large network to make serious money. This usually entails spending A LOT of money on ads and other methods for recruiting members.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with an MLM, you would need to sell twice as much inventory. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
You’re Helping REAL People: My biggest gripe with MLMs is that you’re likely going to ruin your personal relationships.
The MLM may have convinced you that you’re actually helping people, but it’s often not really true.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other MLM programs like Forsage, which might make you money 12 months from now.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.