Edu Swarm Review: Legit Bitcoin Multiplier Scheme or Crypto MLM Scam?
Edu Swarm markets itself as the “future of learning & earning.” The platform’s website visitors will notice that the platform educates about cryptocurrency, advertising and publishing, computer skills, card tickets, gun safety, health and fitness, and an array of other areas. Despite its seemingly solid offering, questions there are other qualities about the platform that make it questionable.
The website domain was registered in April 2018 and there are several marketing videos on the site that present Bobby Cannata as the company’s owner. Before founding Edu Swarm, Cannata was a prominent affiliate of Market America and in July 2017, he even reached his 25-year mark with the company. It seems to be quite a big jump to go from a 25-year position to founding an entire platform in one year.
Edu Swarm Products
Edu Swarm does not identify any products or services, aside from the courses on its website. Those who become affiliates can market the membership itself, which gives access to the videos and audio library.
The platform features a 2×2 matrix cycler, which means that there is an affiliate at the top of the matrix and two positions directly under the affiliate. Beneath the two affiliates, others are recruited. To fill matrix positions, current affiliates recruit new Edu Swarm affiliates. Affiliates who sign up either buy 0.005 or 0.03 BTC. The former generates a new position in tier one of the cycler, while the latter purchase generates new positions in tiers one and two of the cycler. Affiliates then receive a commission based on their recruiting success – it is necessary to recruit at least two new affiliates who buy at least one cycle commission. Further, to qualify for a commission, a new affiliate who buys a position must be recruited every 120 days.
Those who wish to join and become an affiliate can do so for free. Participation in the MLM opportunity costs 0.005 BTC or 0.03 BTC.
Overall, it seems that Edu Swarm does have several questionable practices. For example, the content library is dismal, affiliates must buy in and commissions are only earned through buy-ins, each tier cycle is a fixed investment, and phantom positions in each cycle tier recycle invested finds, ultimately shuffling as soon as new investment is made. Further, it can be expected that as soon as the ROI payments slow down, so will investment in the platform.