A go to to BNBSmartPool’s web site reveals the unique model of the scheme collapsed.
BNBSmartPool 2.0 guarantees “this time we’ll do that proper”.
BNBSmartPool fails to supply firm possession or government data on its web site.
BNBSmartPool’s web site area (“bnbsmartpool.com”), was privately registered on January fifteenth, 2022.
BNBSmartPool’s official FaceBook web page is managed from the Philippines. This strongly suggests whoever is working BNBSmartPool relies out of the Philippines.
The US is one other risk (Philippine help employees to handle the FaceBook web page), as Alexa ranks the US as the highest supply of site visitors to BNBSmartPool’s web site (35%).
The second and third largest sources of site visitors are India (24%) and Canada (13%) respectively.
As at all times, if an MLM firm is just not overtly upfront about who’s working or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.
BNBSmartPool’s Merchandise
BNBSmartPool has no retailable services or products.
Associates are solely capable of market BNBSmartPool affiliate membership itself.
BNBSmartPool’s Compensation Plan
BNBSmartPool associates make investments 0.005 or extra binance coin (BNB), on the promise of an “limitless ROI”.
Essentially BNBSmartPool affords as much as 405% on one funding.
BNBSmartPool ROI charges are decided by how lengthy an affiliate invests for:
- 7 days pays 175%
- 30 days pays 405%
There’s a sliding scale between 7 and 30 days, permitting an affiliate to wonderful tune their ROI if they need.
BNBSmartPool pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel staff, with each personally recruited affiliate positioned immediately below them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel staff.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
BNBSmartPool caps payable unilevel at 5.
Referral commissions are paid as a proportion of BNB invested throughout these 5 ranges as follows:
- degree 1 (personally recruited associates) – 25%
- degree 2 – 15%
- degree 3 – 10%
- degree 4 – 5%
- degree 5 – 2.5%
Observe that BNBSmartPool solely permits associates to withdraw as much as 1 BNB at a time.
50% of all BNBSmartPool withdrawals should be reinvested for 7 days.
Becoming a member of BNBSmartPool
BNBSmartPool affiliate membership is free.
Full participation within the hooked up revenue alternative requires a minimal 0.005 BNB funding.
BNBSmartPool Conclusion
This implies the unique BNBSmartPool collapsed in lower than two months.
That is ironic seeing as the corporate makes a giant deal about “guaranteeing longevity”.
BNBSmartPool program is supplied with anti-whale and anti-fund-depletion options to ensure longevity and preserve traders’ sentiments constructive.
BNBSmartPool’s first iteration collapsed as a result of it was a Ponzi scheme. Math is math and each Ponzi heads to break down as soon as withdrawals inevitably exceed new funding.
One fascinating factor to notice is BNBSmartPool’s authentic Ponzi contract nonetheless has $138,043 value of BNB in it.
If we take a take a look at the contract we see didn’t really take off till February 14th.
No concept what the story is there however one thing fishy is happening. If there’s a bunch of traders ready to withdraw on March 14th, that’s simply two days away.
What we all know for positive is new funding is lifeless, therefore the brand new model.
Curiously, BNBSmartPool’s 2.0 contract solely has $480 in it. The contract was created on March 4th.
BNBSmartPool’s collapse ties into the corporate’s 30 day max funding window.
Reasonably than these associates getting paid, those that invested and reinvested throughout smaller timeframes ought to have cleaned out invested funds.
As a substitute you’ve received a contract ready to be cleaned out, and a brand new one no one appears concerned with.
No matter crypto bro shenanigans are happening math is math and, no matter whether or not it’s occurred but, nearly all of BNBSmartPool traders will lose cash.
