SnapBots Review – Legit 5% Monthly ROI MLM or Big Scam?

March 2, 2021 by Brian Priest Welcome to my SnapBots Review. Is this a legit Cryptocurrency MLM? Or just another scam designed to take your money? That’s what we are going to find out in this Snapbots.io review.

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Hello everyone and welcome to my SnapBots Review. I’ve noticed a lot of talk lately about this Cryptocurrency MLM. So I decided to dig deeper and see what all the chatter is about.

As a matter of fact you may have been approached by someone about their Investment or Business opportunity. And you came here to find out if it’s legit. So we are going to go through the company, the products, as well as the compensation plan. Then you will be able to make an educated decision about your future with the SnapBots company.

So stay with me until the end. Because unlike a lot of other SnapBots Reviews out there I’m going to straight with you. And remember to pay close attention as we go through our snapbots.io review.

Table of Contents

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Now let’s get started and see what we can dig up in our SnapBots.io Review.

What Is SnapBots?

The SnapBots company is a cryptocurrency trading bot MLM. And according to the only paragraph on the SnapBots.io website’s, “About” section. The SnapBots company says that, “SnapBots is a community of buy-or-build financial bots and humans that seek to maintain a self-sustaining bot economy.”

In addition to that The SnapBots company claims that these bots are built “following the Snap Protocol”. And these bots can “help our community in various financial activities including Trading, Wealth Robo Advisor, Trading Chart patterns, Market Sentiments and many more.

Adding to these claims the Snapbots company also says that, “With the development of more bots, there will be numerous opportunities to develop financial projects and use cases for our community.”

And to top things off, the Snapbots company has a Snap Wallet in which you can HOLD, STAKE and EARN your cryptocurrency. So you can hold your cryptocurrency in your Snap wallet and grow your portfolio at the same time!

Below is what the company has to say about their Snap Wallet:

“Snap Wallet is a secure cryptocurrency wallet that is powered by AI deep learning bots. Currently, Snap Wallet supports major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and SNAP (SNAP).”

“Users are not limited to just storing their cryptocurrencies, but also staking, choosing between three trading strategies. Once staking is activated, users’ assets will be traded by bots 24/7 until the end of the staking period. This allows users to earn while sleeping.”

Alright let’s keep moving along in our SnapBots Review.

SnapBots Review – The Company

One of the first things I noticed when visiting the SnapBots Company website is that they do not give us any information as to owns or runs the company. As a matter of fact they don’t tell us anything concrete on their website at all.

However once I started digging I did locate a company address on SnapBots company LinkedIn Page. And that address is: 45 Võ Thị Sáu, Đa Kao, Quận 1, Thành phố Hồ Chí Minh, Vietnam, Vietnam 058267, VN.

In addition to that I was able to piece some things together and I believe I have found a connection to the SnapBots company and it just might leave you speechless.

SnapBots Leadership

When I digging in looking for information on the SnapBots company, I discovered that Bernard Ong has himself listed as CFO of SnapBots on LinkedIn.

Now I also noticed that Bernard Ong has himself listed as CFO from March 2017 – August 2019. However SnapBots didn’t exist until early 2018. In addition to that he is the CEO of Torque Trading. Which he launched in October of 2019. And Torque Trading has just went down in flames just a couple of weeks back from the time of this writing. Fraud Warnings and Exit Scams from every angle. Torque Trading Systems was and is a huge Ponzi Scheme from Which CEO Bernard Ong disappeared from in February 2021.

In addition to that SnapBots was originally a project listed by the team at Snap Innovations. And it is even listed on their projects page.

Another thing that I have noticed is that several of the Executives at Snap Innovations also work in Torque Trading and several other Ponzi Schemes that are floating around. Abd just to be clear, Snap Innovations is a Ponzi Scheme Headquarters based in Singapore. And they have been tied to multiple Ponzi Schemes such as Cloud Token and Torque Trading.

In the aftermath of the Torque Trading collapse Snap Innovations has tried to separate itself from all the chaos. And has even removed Bernard Ong from the website.

However Snap Innovations is still linked to Snapbots Amin Sukisawn who is a SnapBots Ambassador. And the rest of the Snap Innovation executives are listed as the SnapBots “research Team”.

Anyway as you can see The SnapBots company is in bad company. But let’s keep moving along in this snapbots.io review.

SnapBots.io Review – The Company Domain

When I looked up the registrar information on the SnapBots company domain name, “snapbots.io” I discovered it was privately registered on February 27, 2018. Which kind of proves that Bernard Ong wasn’t telling the truth about being the CFO in March 2017.

And it was just recently updated on February 28, 2021.

Which tells me he’s going to keep going as long as he can with this scam.

Alright now that we have that covered let’s see what the SnapBots Company offers for products or services in our SnapBots Review.

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SnapBots Review – The Products

The SnapBots company doesn’t have any retail products or services to offer retail customers.

So the only thing you can do is to become an affiliate and promote the affiliate membership and investment opportunity.

In addition to that you can invest in the investment opportunity as well.

Ok now let’s move right along and see what the SnapBots company offers its affiliates as a compensation plan inside of our snapbots.io review.

SnapBots Review – The Compensation Plan

The SnapBots compensation plan is a two part plan. In which one part is to get affiliates to invest into the company on a promise they will get the promised returns. And the other aspect is to recruit people who invest in the company and earn commissions as a percentage on those funds.

SnapBots company affiliates invest in SNAP Tokens on a promise they will get the promised monthly return.

And at the current moment, 1 SNAP = 0.845 USDT when it is converted. In addition to that the SnapBot company’s marketing materials lead us to believe that they take investments in BTC, ETH and LTC as well.

However once you invest in SNAP Tokens, they are parked in the company on a promise of a 2% to 5% monthly return.

Snap Bots Commissions

The SnapBots company pays it’s affiliates referral and residual commissions through a unilevel compensation plan.

However the SnapBots company caps their unilevel at two levels deep in total. But any affiliate that pays a 1000 SNAP fee qualifies to earn recruitment and referral commissions:

Level 1 (personally sponsored affiliates) – 30% of returns paid
Level 2 – 15% of returns paid

In addition to that Sponsoring commissions are paid on the 1000 SNAP that affiliates buys. And the Referral commissions are paid through the two levels in the unilevel team as well. But if you don’t get the 1000 SNAP package, you can only earn on your level 1.

Now that we have that covered let’s find out what it costs to join the SnapBots company as an affiliate inside of our snapbots.io Review.

SnapBots Review – The Cost To Join

The SnapBots Affiliate Membership will cost you a 1000 SNAP investment.

now comes the part you’ve been waiting for. And unlike a lot of all the other SnapBots Reviews out there I am going to be straight with you. So stay with me just a few more minutes and remember to pay close attention. Because here are…

My Final Thoughts

So is there some kind of scam going on behind the scenes at the SnapBots Company. Well let’s tale a look at the information we have collected and see what the evidence tells us.

First of all if we just look at the fact that Snap Innovations is involves and look at their track record, It would be safe to say that SnpapBots is a Ponzi Scheme as well.

In addition to that Snap Innovations dumps SNAP Tokens onto Snapbots affiliates affiliates. However these SNAP tokens are worthless. And they claim:

“Users can hold major cryptocurrencies like Bitcoin, Ethereum, USDT, Litecoin, and SNAP to receive rewards from 2%-5% A MONTH as the staking rewards!”

Affiliates can Cash out through their SnapBots back office. And this is done with their internal exchange. Which they will honor as long as there are previous investments paid out. This is something that I am not totally clear on what they mean. Heck I don’t even know if they understand it. It’s a scam.

The only money I can see coming in is through new affiliate investors. And when recruitment and investments slow down, they will exit scam. Again!

As a matter of fact when I was looking at the traffic stats. SnapBots.io was actually going down hill in 2020. However since Torque Trading started crashing and took a dump, SnapBots is on the rise up again.

So when all is said and done Snap Innovations has been linked to so many ponzi scams. But because they are from Singapore they seem to go unpunished.

So…

I personally can’t recommend this Ponzi scheme.

So save your money and invest in something stable.

As a matter of fact something even better is invest in yourself. And be the creator of your own future. Because you are totally worth investing in for real.

However Before You Go

Thanks for stopping by. And I hope you enjoyed my SnapBots.io Review. If you have any questions or comments, please feel free to comments section below. And I will get back to as soon as I am able.

And again thank you for reading my SnapBots Review

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