Ever wondered how it all began? In this article, we share a brief history of Compumatrix.
Compumatrix was founded in late 2005 by Henry James Banayat, a Filipino businessman, serial entrepreneur and a former computer educator in the Philippines.
Compumatrix is first and foremost envisioned to be an online community of like-minded individuals whose initial mission is to Change the World through Sharing and Caring.
It is the portmanteau of the words Computer and Matrix.
Compumatrix is currently headed by President and CEO, Mr. David Morris, a businessman from Oregon with over 20 years of business experience. Formerly a Nevada Corporation, the Compumatrix Board spearheaded by Jane Maahs, Chairman of the Board, resolved to transfer the company to the State of Wyoming early this year, in order to take advantage of its cryptocurrency-friendly regulations. The name of the Registered Corporation remains as COMPUMATRIX AND NETWORKS INTERNATIONAL, INC.
Compumatrix is an Information and Communications Technology Company with the main focus or an objective primarily dedicated to Online Community Management, Training, and Development.
As of this writing, it works like a non-profit with volunteers assigned around the world. I have no idea how many members are assigned to each of these volunteers (called Regional Representatives) manage though. These volunteers are paid in the form of Virtual Currency.
Pre-bitcoin era, Compumatrix Virtual Currency is managed as a Complementary Currency on the Cyclos system dubbed as Eonpay before it was migrated to the Bitshares blockchain instead of creating an altcoin using the Bitcoin blockchain.
The fusion of the Compumatrix Community and the Bitshares platform should have been a match made in heaven since the community consists of mostly Internet Marketers and Online Workers while Bitshares consists of web and app developers. The Bitshares platform lacks a globally coordinated roadmap in its onboarding process which Compumatrix aims to provide.
Since 2006, Compumatrix has developed several programs that aimed to monetize points earned by participants on the system. The first of its program was an experiment called Pointshare Funds. A program that created a pool of investors that places their bet on eGold and eBullion. The eGold program eventually failed and eBullion collapsed after the sudden death of one of its founders.
Compumatrix introduced PointShare Gold in early 2006, which is a collective investment venture supporting Buy and Sell Communities. The Virtual Prepaid Advertising Cards (VPACs) Program was conceived to create a place where members can create cards that could buy digital marketing or online advertising credits. These are now called Virtual Prepaid Cards or Stablecards.
Then came PointshareXtreme: the Social Network. Points were later transferred to Eonpay, a complementary currency software management system (on Cyclos) which never made any traction until 2010. In 2011, Compumatrix started its migration to the blockchain. And this was completed in 2014 using the Bitshares blockchain. Bitshares is the best option vis-a-vis Bitcoin and Ethereum during that time.
The secret formula to winning (profiting, earning, or even getting rich) in the Compumatrix program is on their mission statement:
In our next article, we will dive into the Compumatrix Business Model and the best practices that you need to do in order to reach your goals as an entrepreneur for the Compumatrix brand.