"Gifting Wheel Paid My Bills" Fact or Fiction?

✔️FACT

Thousands of people are making money online with this new phenomena called “The Gifting Wheel”.

It is also referred to as “Spinning the Loom” and similar phrases.

According to an anonymous source from Alabama, “The Gifting Wheel” is completely legitimate and profitable. For now, let’s call “The Gifting Wheel” an internet phenomena. It is not a scam, a pyramid scheme or ponzi scheme, we will go over that.

The “Gifting Wheel” is mainly a social media phenomena that has people glued to their messenger apps, recruiting others all day long.

“The Gifting Wheel got me paid and I paid my bills in a time where the economy and peoples bank accounts are hurting.”
Quote taken from interview with an Alabama participant.

So what is “The Gifting Wheel”?

Like wildfire, the “Gifting Wheel” is spreading across Facebook. This is a trend where people create a group of “gifters” and they all give money to a single person. After the person receives their “gifts” the others rotate into the position to collect their “gifts”. They all use a layered circle to track the participants.

“The Gifting Wheel” is a game of some sorts, no one is actually sure, but one thing is for sure, “The Gifting Game” is currently the social buzz of the internet.

How Is The Circle In “The Gifting Game” Structured?

“The Gifting Wheel” is a circle with 15 spots. There is one person in the middle surrounded by 3 layers of people. The outer layer has 8 spots, followed by a layer of 4, then 2 and then the center position.

The 8 spots on the outside are the newest members recruited to the game. All 8 people on the outside just paid $100 each to the person in the center. That’s when the circle ends and splits into 2 new circles. Then the process repeats again.

The 7 people in the inner circles recruit people to the 8 outer positions. This quickly fills up and then the circle splits again. Eventually, everyone gets their spot in the middle and they get their money back with a lot of extra money.

Is The “Gifting Wheel” A Scam?

No.

The Gifting Wheel is not a fraud. Frauds or scams generally promise you a product or service and then never deliver. The Gifting Wheel does not promise either of those. The only promise is that eventually you will receive gifts when you are in the middle of the circle.

This sound very promising, as long as you can find 8 people to join that is. The “Gifting Wheel” is obviously a game of chance. It is more like a form of gambling than anything.

Is The “Gifting Wheel” A Pyramid Scheme?

No.

Pyramid schemes are structured and designed to benefit the people at the top. In a pyramid scheme there is someone at the top collecting a piece of everyone’s pie. In a pyramid scheme every layer makes a cut of the profit.

In the “Gifting Wheel” there is no profit and there is only one person being paid at a time.

In a pyramid scheme, everyone makes money at the same time. When one person makes a sale everyone gets a cut.

Is “The Gifting Wheel” A Ponzi Scheme?

No.

A ponzi scheme is based on a completely fraudulant and “non-existent” company. It usually is an investment scheme where new investors money is used to pay out old investors who cash out. The owner of the ponzi scheme usually takes part of the invested money and uses the rest to pay out investors.

There have been several complex and long running ponzi schemes in the U.S., you can read about them in depth on investor.gov.

So What Exactly Is “The Gifting Wheel”?

“The Gifting Wheel” is an internet phenomena of a gambling nature. That’s the best definition we could come up with.

In the “Gifting Wheel” once you receive your “gifts” you are out of the game forever unless you buy back in.

Everyone can’t play the “Gifting Wheel”, obviously. If everyone was in, all 8 billion people on Earth, they would need 64 billion people, that don’t exist, to join.

So as you can see, eventually the people involved in the “Gifting Wheel” will run out of people to recruit.

So How Long Will The “Gifting Wheel” Last?

Let’s do some rudimentary math real fast.

Estimates say about 1 out of every 10 people asked to join the “Gifting Wheel”, actually join. There are almost 8 billion people on Earth. So that means about 800 million people on Earth are willing to play without much convincing. Divide that by 8 and you get 100 million people, as the maximum capacity before the game hits a wall.

This is just a rough estimate, and of course there are several factors that effect the reach of this phenomena. The maximum number is probably much less, somewhere around 10 to 20 million people.

Other Factors To Consider:

How many friends and family members you have.
How social of a person you are.
How many people are on the internet.
How many people use social media.
How local and federal law enforcement react to this.
How the social media platforms react to this.
How many people are already participating.
The list goes on…

If you choose to participate in “The Gifting Wheel”, understand there is a mathematical limit to the amount of people who can collect their “gifts” with the current system. However, it seems many people are willing to take that risk as thousands are making money every single day.

Please do not take this article as an endorsement, but rather a brief overview of an internet phenomena.