Looking for a money gifting site that doesn’t cost an arm and a leg to join? Then Lite Funds is the site for you. You see, Lite Funds works with Bitcoins and doesn’t cost very much to join. Once you sign up all you have to do is look for two recruits to sign up under you.
Then, you step up to the next level and continue your journey of making money through the cash gifting system.
What Is Lite Funds?
According to Who.is, LiteFunds.com was registered on January 11, 2017, to Mr. Muhammad Bakru. The address listed for registration states that Mr. Bakru is from Jakarta, Indonesia.
On the site itself, you won’t find any information about Mr. Bakru and the site still needs some work done to it.
While all the main pieces of the site are up and running, there are a few little tell-tale signs that it is incomplete. You will find that the grammar is a little off which explains a lot due to the sites origin.
But the main give away is the home page where Mr. Bakru failed to edit the tagline and the site has been published with it saying, “Tag Line Goes Here.”
Lite Funds Product
The site doesn’t offer any real services or products. The only thing the members can do is promote the membership to the site. Unlike other gift giving sites, Lite Funds doesn’t even offer an ad package to where you can promote other businesses or products through their system.
Lite Funds Opportunity
Lite Funds at its core is a gift giving system. You can sign up and send your sponsor 0.0009 BTC or the equivalent of $0.94. Which is why it is super cheap to join. Then you simply go out and find two recruits to sign up under you.
Then you receive 0.0018 from those recruits. According to the chart on the site, the profit you earn is only 0.0001.
The site encourages you to use your profits to step up to the next level as soon as possible. According to the “How it Works” page, you can get skipped by the system if you don’t step up as soon as possible.
The system goes down seven levels deep. Each level requires you to pay a little bit more. For level two you are required to pay 0.0017 BTC and need to recruit four people to your downline.
Next, level three has you paying 0.0055 and requires eight people to sign up under you before you can move on to the next level.
Level four requires you to gift 0.0310 to your sponsor and find 16 recruits. Level five is where the price jumps considerably and you are required to pay 0.3100 BTC or $323.89 and find 32 people.
By level seven you are looking at paying $5,798.64 or 5.55BTC and need to find 128 recruits.
Lite Funds Verdict
There are a lot of red flags that come up when looking at this site. First off, the amount of money to start off is relatively low. That is so that anyone can join. Then the higher you get in the levels the more you have to pay.
The major jump happens at level four where you have to pay $322.38 to stay in the game.
Of course, when you look at the pay structure listed on the site you will also notice the “Profit” column. It is interesting to see that you don’t make as much of a profit as what you paid into until you reach level three.
So where does all that extra money go to? Most likely it goes to the owner of the site and maybe your upline gets a few crumbs.
Another major red flag is how the site isn’t fully set up. Sure the site seems to have it all together, but there are a few things that scream “amateur owner.”
With English being the language for the site, you would think that the owner would do a better job constructing sentences. Like the grammar mistakes scattered throughout the site.
Granted with the really affordable entry price of less than $1, you could sign up and see if the site pays out. You could even go as far as level three and call it quits. Just remember though you are required to find your own recruits.
Sites like this one usually work best for those that already have a downline in place. If you don’t you run the risk of being left in the cold and without a downline to fund you.
Remember that with all gift giving sites, there are no refunds once you make a payment. So if you plan to join do so at your own risk.
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