Forge Holdings has failed to provide any information about its ownership or executives on its website. Additionally, the details used to register the website domain appear to be fake. Given these red flags, it is advisable to think carefully before joining or investing money in MLM companies that are not transparent about their leadership.
In terms of products, Forge Holdings does not offer any retailable products or services. Instead, affiliates can only promote the company’s affiliate membership.
The compensation plan at Forge Holdings involves investing in cryptocurrency. Different investment levels promise specific returns, ranging from 3% to 8% per day over different durations. Referral commissions are also available on three levels of recruitment.
Affiliate membership with Forge Holdings is free, but to fully participate in the income opportunity, a minimum investment of $200 is required. The company encourages investments in various cryptocurrencies.
Despite claiming to generate external revenue through logistics and rentals, Forge Holdings does not provide any way to hire its services or offer verifiable evidence of this revenue generation. Additionally, the business model raises concerns that it may be a Ponzi scheme, as there is no apparent need for new investment if the company is already generating significant daily returns.
Ponzi schemes rely on new investments to pay existing affiliates, and when the recruitment slows down, the scheme collapses. Participants in such schemes typically end up losing money, as the mathematics behind them guarantee a collapse.
It is important to exercise caution and thoroughly evaluate the legitimacy and sustainability of MLM companies like Forge Holdings before getting involved.