BTC Madness provide no information on their website indicating who owns or runs the business.

The BTC Madness website domain (“btcmadness.biz”) was privately registered on December 27th, 2016.

The official BTC Madness admin group lists four admins;  Jayguar W, Helina Kebede, Steve John and Jane Smith.

Steve John first popped up on BehindMLM’s radar earlier this month as the admin of
2×9 BitMax
 gifting scheme. The Steve John Facebook account has no content on it prior to December 2016 and is believed to be fake.

Meanwhile why BTC Madness is being launched just a few weeks after BTC Madness is unclear.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

BTC Madness Products

BTC Madness has no retailable products or services, with affiliates only able to market BTC Madness affiliate membership itself.

Once signed up, BTC Madness affiliates purchase matrix cycler positions. Bundled with each position purchase are ad credits, which can be used to display advertising on the BTC Madness website.

The BTC Madness Compensation Plan

BTC Madness affiliates purchase positions in a three-level matrix cycler.

Matrix sizes used in the BTC Madness cycler include 2×1, 4×1 and 8×1.

A 2×1 matrix places a BTC Madness affiliate at the top of a matrix, with two positions directly under them.

A 4×1 matrix is the same concept but with four positions to fill. An 8×1 matrix increases the positions to eight.

Positions in a matrix are filled when new and existing BTC Madness affiliates purchase new cycler positions.

When all positions in a matrix are filled, a “cycle” is generated and commissions paid out as follows:

Level 1 (2×1 matrix, positions cost $15) – $5 commission and cycles into Level 2

Level 2 (4×1 matrix) – $25 commission and cycles into Level 3

Level 3 (8×1 matrix) – $400 commission and generates one new Level 1 and Level 2 positions and two new Level 3 positions

When a BTC Madness affiliate cycles out of Level 3, the affiliate who recruited them is also paid an $80 referral commission.

Joining BTC Madness

BTC Madness affiliate membership is $5 plus the purchase of at least one $15 cycler position.

All payments into and by BTC Madness are made via bitcoin.

Conclusion

Whereas 2×9 BitMax saw affiliates gift bitcoin via a single-matrix, BTC Madness is the same concept spread out over three cycler levels.

On the raw numbers side of things a BTC Madness affiliate invests $15 worth of bitcoin on the promise of an eventual $430 ROI.

The ROI is funded from subsequent investment into cycler positions, making BTC Madness a Ponzi scheme.

As with 2×9 BitMax, once affiliate recruitment drops off BTC Madness will collapse. At that point mathematics guarantees the majority of BTC Madness affiliates will lose money.

From the sounds of it and despite both 2×9 BitMax and BTC Madness not even being a month old, Steve John and his gang of admins are 
alread

🤖 Quick Answer

What is BTC Madness and its business model?
BTC Madness is a cryptocurrency-based cycler scheme operating through a three-tier structure. The platform, registered at btcmadness.biz in December 2016, lacks transparency regarding ownership and operational management, presenting characteristics consistent with Ponzi scheme mechanics involving bitcoin transactions and participant cycling systems.

Who manages BTC Madness operations?
The platform lists four administrators: Jayguar W, Helina Kebede, Steve John, and Jane Smith. Investigation reveals Steve John's Facebook profile contains no content prior to December 2016 and is considered potentially fraudulent, also appearing as administrator in the BitMax gifting scheme.

What transparency issues characterize BTC Madness?
The company provides no verifiable information identifying legitimate owners or operators on its official website. The domain's private registration combined with administrator anonymity raises significant red

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