Smarts News Review  –  Ponzi Scheme  –  MLM Scam

Website & Company Information

The web domain of the company was privately registered on the 14th of April 2020 and was later updated on 2020–04–19.

The website does not provide any information about the owner or the team behind the company. The scheme claims to be a ‘self-executing protocols, connected to the decentralized universe of cryptocurrencies and blockchain technology’

As always, if the company is not being transparent about its corporate structure, then you must think twice before handing over your hard-earned money to anonymous people on the internet.

Smarts News’ Compensation Plan

The affiliates of the company invest USD equivalents of ethereum on the promise of advertised returns.

  • invest $100 and get an ROI of $120 ROI over 90 days
  • invest $500 and get an ROI of $650 over 90 days
  • invest $1000 and get an ROI of $1400 over 90 days
  • invest $5000 and get an ROI of $7386 over 100 days
  • invest $10,000 and get an ROI of $15,550 over 110 days
  • invest $20,000 and get an ROI of $34,210 over 130 days

Referral Commissions

The company pays referral commissions when affiliates recruit others who then invest in the company. These referral commissions are paid via a unilevel compensation structure, capped at team level 10:

All the commissions are paid as a percentage of funds invested across these twenty levels as follows:

  • level 1 (direct recruits) — 7%
  • level 2–4%
  • level 3–2%
  • levels 4 to 10–1%

Rank Achievement Bonuses

Affiliates are rewarded a one-time bonus for achieving the following qualification criteria:

  • Sapphire (direct recruit and maintain two affiliates personally and generate $15,000 in downline investment volume) — get $200
  • Ruby (direct recruit two Sapphires and generate $45,000 in downline investment volume) — get $500
  • Emerald (direct recruit two Rubies and generate $90,000 in downline investment volume) — get $1000
  • Diamond 1 Star (direct recruit two Emeralds and generate $300,000 in downline investment volume) — get $3000
  • Diamond 2 Stars (direct recruit two Diamond 1 Stars and generate $1,000,000 in downline investment volume) — get $5000
  • Diamond 3 Stars (direct recruit two Diamond 2 Stars and generate $1,500,000 in downline investment volume) — get $10,000
  • Diamond 4 Stars (direct recruit two Diamond 3 Stars and generate $2,000,000 in downline investment volume) — get $15,000
  • Diamond 5 Stars (direct recruit two Diamond 4 Stars and generate $2,500,000 in downline investment volume — get $20,000
  • Diamond Ambassador (direct recruit two Diamond 5 Stars and generate $3,000,000 in downline investment volume) — get $25,000

One must have an active investment position in order to be eligible for the above qualification criteria. Also, note that downline investment volume is counted across ten unilevel team levels.

Joining Smarts News

Joining Smart News affiliate membership is free. However, full participation in the attached income opportunity requires a minimum investment of $100, and it goes as high as $20,000.

If you want to have consistent income, then you must also invest consistently and always have a current position.

Conclusion

It is a typical Smart Contact Ponzi Scheme. If it is in blockchain, then that does not mean it is scam-proof. The maths behind the scheme is same, you join and invest and then recruit others who do the same. You earn money off your recruit’s investments.

The company officially claims that it ‘do not work or provide services in the United States of America, Brazil, Canada, Mexico, Dominican Republic or the United Arab Emirates.’

With the above statement, they are trying to dodge regulatory scrutiny. At the time of writing this article, Alexa cites Brazil as the top traffic source contributing to a whopping 77% traffic share. It is highly likely that the owner of the company is based out of Brazil.

This contract will run until new investment stops coming in and then Kaboom!!!