EthPlus operates in the cryptocurrency MLM niche and appears to have launched a few months ago (official Facebook page was created in May 2020).

At the time of publication, EthPlus’ website details two executive members; Fernando Urdaneta (Head of SEO) and Jonathan Valle (Commercial Director).

Further research reveals Urdaneta appearing as EthPlus’ CEO in YouTube marketing videos:

Why Urdaneta is attempting to diminish his role within ETHPlus on the company’s website is unclear.

Given the lack of anyone else presented as being in a position of authority within EthPlus, Urdaneta (right) is assumed to be running the company.

ETHPlus’ website domain (“ethplus.net”) was registered on April 10th, 2020. “OmegaSquad” is listed as the owner, through an incomplete address in Santo Domingo, Dominican Republic.

This syncs up with Fernando Urdaneta who, according to his Facebook profile, is originally from Venezeula but now lives in Santo Domingo.

Possibly due to language barriers, I was unable to put together an MLM history on Urdaneta.

Read on for a full review of EthPlus’ MLM opportunity.

EthPlus’ Products

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

ETHPlus’ Compensation Plan

ETHPlus affiliates sign up and pay a fee in ethereum. Commissions are generated from this fee, as well as deposits into advertised ethereum investment plans.

Recruitment Commissions

ETHPlus affiliates are charged 0.05 ETH when they sign up. This fee is split three levels upline (reverse unilevel).

In turn, ETHPlus affiliates earn 0.012 ETH from recruits under them down three levels of recruitment.

0.05 ETH ETHPlus affiliate membership fees are paid every 90 days recurring.

Matrix Investment

ETHPlus offers investment returns through a 2×17 matrix.

A 2×17 matrix places an ETHPlus affiliate at the top of a matrix, with two positions directly under them:

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each.

Levels three to seventeen of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.

ETHPlus groups multiple matrix levels together under a single investment entry fee.

levels 1 to 9 – invest 0.17 ETH and receive 0.01 ETH from anyone placed under you across levels 1 to 9 (1022 positions)

level 10 – invest 0.35 ETH and receive 0.02 ETH from anyone placed under you in level 10 (1024 positions)

level 11 – invest 0.8 ETH and receive 0.05 ETH from anyone placed under you in level 11 (2048 positions)

level 12 – invest 1.6 ETH and receive 0.1 ETH from anyone placed under you in level 12 (4096 positions)

level 13 – invest 2.5 ETH and receive 2.5 ETH from anyone placed under you in level 13 (8192 positions)

level 14 – invest 3.5 ETH and receive 3.5 ETH from anyone placed under you in level 14 (16,384 positions)

🤖 Quick Answer

What is ETHPlus and its operational model?
ETHPlus is a cryptocurrency-based multilevel marketing platform launched in 2020, operating within the crypto MLM sector. The platform utilizes smart contracts and promotes investment opportunities through a network-based structure, attracting participants primarily through social media channels and video marketing content distributed across digital platforms.

Who are the key figures behind ETHPlus?
Fernando Urdaneta serves as the primary executive, identified as both Head of SEO and CEO in company materials, though his role is downplayed on the official website. Jonathan Valle holds the position of Commercial Director. Urdaneta appears to be the main operator managing company operations and strategic direction.

When was ETHPlus established?
ETHPlus' website domain was registered on April 10th, 2020, with the official Facebook page created in May 2020, indicating a recent

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