Forsage Review - Scam or Legit Crowdfunding Startup? [Explained]

Forsage Review – Scam or Legit Crowdfunding Startup? [Explained]

Welcome to my Forsage Review!

Forsage claims to let you make money by crowdfunding startups with cryptocurrency and recruiting people. In this review, you are going to read everything about Forsage. This review is written to answer the question ‘Is Forsage a Scam?’.

This review consists of information like:

  • What is Forsage?
  • How Does Forsage Work?
  • How to Join Forsage?
  • What Do I Like About Forsage?
  • What Don’t I Like About Forsage?
  • Is Forsage A Scam?

Before I start, I must congratulate you for spending time to do your own research about the truthfulness of any program.

It is important to check a program’s review before buying it because there are too many scammers online!

I am not associated with Forsage in any way so rest assured that I am not here to sell you anything.

Forsage Review Summary

Product Name: Forsage

Founder: Unknown

Product Type: Cryptocurrency crowdfunding platform

Price: 0.05 ETH

Rating: 2s/10

What is Forsage?

Forsage is a cryptocurrency crowdfunding platform, at least that is what they claim to be. The platform has no known founder and claims to be different from a pyramid scheme.

Forsage also claims to have over 300,000 members. Traffic from the website mostly consists of IP addresses from the United States and Venezuela. However, there have been claims saying that the website is based in Russia.

The platform claims to implement a smart contract in the Ethereum blockchain. Theoretically a smart contract binds the terms of both parties using the blockchain technology and cannot be violated until both parties meet a certain requirement.

However, there is also no guaranteed way that Forsage will honour that part of the promise. There is little to no explanation on the cryptocurrency crowdfunding part. Instead, they emphasize a lot on the “no risk” part to attract more investors.

How Does Forsage Work?

Forsage offers 2 programs for users to join. Program X3 and X4 is a matrix with a limited amount of seats. Program X3 has 3 seats while X4 has 6 seats.

The program itself takes 12 weeks to complete. Forsage claims that each level is 2 times more expensive than the previous level.

Cycle commissions across Forsage’s two cycler tiers are as follows:

  • 3×1 matrix (entry is 0.025 ETH of the initial 0.05 ETH buy in) – generates 0.05 ETH in gifting payments and entry into a new 3×1 matrix
  • 2×2 matrix (entry is 0.025 ETH of the initial 0.05 ETH buy in) – generates 0.075 ETH in gifting payments and entry into a new 2×2 matrix

How to Join Forsage?

To register Forsage, you need to have Metamask, which is an extension in Google Chrome, and refill it. The minimum amount to get started is 0.025 + 0.025 ETH without the commission network of the blockchain. After that, go to the affiliate link and click “Automatic registration”.

You don’t need to enter personal details – name, email address. After you register you are assigned an ID (identification number) in the system.

In order to effectively earn on the platform, do the following:

1. Communicate to the person who invited you, it will help you faster in the first few steps.

2. If the upstream partner is unable to help, go to the “School” section, that is where you get all the necessary knowledge.

What Do I Like About Forsage?

1. Interactive and simple website design

The website has a very appealing design to new users. It has a nice graphic design at first glance. When scrolled down, there are also obvious call to actions to encourage users to take necessary action.

Forsage is so simple that there is only one page to summarize everything. This provides a very convenient user experience.

What Don’t I Like About Forsage?

1. Terrible command in English

Perhaps the founder does not speak fluent English, numerous grammatical errors can be found throughout the webpage.

This shows that they lack effort in proofreading and it inconveniences users because some errors made the sentence incomprehensible.

2. No known founder

Forsage has stated that there are no known founders to the project. Obviously that cannot be true, someone has to start the project and continue to profit from it.

This begs the question, if it is a legitimate website, why does it go through the trouble of hiding the founder’s identity?

Is Forsage A Scam?

Forsage has raised some red flags. The hiding of the true founder and also the usage of poor English has shown that they are to be wary of.

Crowdfunding is not a novel idea to make money. It provides an opportunity for people who have low capital to increase their earning potential.

However, if you are interested, I suggest you look somewhere else. You should research on legitimate crowdfunding platforms instead of using this one.

Making money online is not easy. I have made money online myself and I can guarantee you that it’s certainly not easy if you are creating consistent income.

For example, I make money by promoting products on my website and I do search engine optimization (SEO) on my website to gain traffic from Google.

Thus, I don’t have to spend a dime on advertising and yet I get hundreds of visitors on a daily basis.

If you would like to learn more about how I did it, please feel to check below for how I make money online.

At last, I hope this review is helpful to you because I don’t want anybody else to waste time like I did.

Please feel free to leave a comment or share this blog with your friends to raise awareness. Thank you.

 

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