Forsage provides no information on its website about who owns or runs the company. In fact Forsage claims it doesn’t have an admin.

The project Forsage no admin.

This is of course baloney, as someone obviously set up the company’s website and runs and profits from it.

The presence of Russian on Forsage’s default English language website suggests someone fluent in Russian is behind the company:

At the time of publication Alexa cites the US (22%), India (7%) and Venezuela (6%) as the top three sources of traffic to Forsage’s website.

Forsage’s website domain (“forsage.io”) was privately registered on February 9th, 2020.

Update 1st July 2020 – 
In a
regulatory fraud warning
, the Philippines SEC has outed Lado Okhotnikov as owner of Forsage.

This tracks with Forsage affiliate promotional material, which also cites Okhotnikov (right).

Okhotinov appears to reside in Moscow, Russia. However based on social media postings he is believed to currently be based out of Tbilisi, Georgia. 
/end update

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.

Forsage’s Products

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

Forsage’s Compensation Plan

Forsage affiliates purchase 0.05 ETH matrix cycler positions.

Matrix sizes used in Forsage’s cycler are 3×1 and 2×2.

A 3×1 matrix is simple in nature, requiring only three positions to be filled.

A 2×2 matrix starts with two positions on the first level, which expand to four positions on the second level:

A single 0.05 ETH initial buy in purchases a cycler position in both a 3×1 and 2×2 matrix.

Positions in the matrices are filled via direct and indirect recruitment of Forsage affiliates.

Once all positions in a matrix are filled, a cycle commission is triggered. The position cycling out of the matrix also enters a new matrix of the same size.

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

Joining Forsage

Forsage affiliate membership is tied to an initial 0.05 ETH buy in.

Conclusion

Forsage are transparent about the illegal nature of their MLM opportunity:

Profit comes from other participants directly into your personal wallet.

Regardless of whether they are run on the blockchain or another scripted platform, gifting schemes are illegal.

MLM gifting schemes primarily benefit those who run them and top recruiters.

Forsage is no different. Whoever created the site will benefit the most, by way of one or more preloaded admin positions.

Top recruiters (those who get in early) receive what’s left, with the majority of participants

🤖 Quick Answer

Who owns and operates Forsage?
Forsage initially claimed to have no administrator, but the Philippines SEC identified Lado Okhotnikov as the company's owner in a July 2020 regulatory fraud warning. The platform's website domain was privately registered on February 9th, 2020, and linguistic evidence suggested Russian-speaking involvement in its operations.

What type of scheme is Forsage?
Forsage is an Ethereum-based cash gifting scheme operating without transparent ownership disclosure. The platform's structure and lack of legitimate business operations characterize it as a fraudulent investment scheme, as confirmed by regulatory authorities investigating its operations.

Where is Forsage's primary user base located?
According to Alexa traffic data at the time of publication, Forsage's website traffic originated primarily from the United States (22%), India (7%), and Venezuela (6%), indicating significant user engagement across multiple geographic regions globally

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