ETH smart contract Ponzi scheme


Smarts Information supplies no info on its web site about who owns or runs the corporate.

Smarts Information’ web site area (“smarts.information”) was privately registered on April 14th, 2020.

As at all times, if an MLM firm is just not brazenly upfront about who’s operating or owns it, suppose lengthy and laborious about becoming a member of and/or handing over any cash.

Smarts Information’ Compensation Plan

Smarts Information associates make investments USD equivalents of ethereum on the promise of marketed returns.

  • make investments $100 and obtain a $120 ROI over 90 days
  • make investments $500 and obtain $650 over 90 days
  • make investments $1000 and obtain $1400 over 90 days
  • make investments $5000 and obtain $7386 over 100 days
  • make investments $10,000 and obtain $15,550 over 110 days
  • make investments $20,000 and obtain $34,210 over 130 days

Referral Commissions

Smarts Information pays referral commissions by way of a unilevel compensation construction.

A unilevel compensation construction locations an affiliate on the prime of a unilevel group, with each personally recruited affiliate positioned instantly below them (degree 1):

If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.

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.

Smarts Information caps payable unilevel group ranges at ten.

Referral commissions are paid as a share of funds invested throughout these twenty ranges as follows:

  • degree 1 (personally recruited associates) – 7%
  • degree 2 – 4%
  • degree 3 – 2%
  • ranges 4 to 10 – 1%

Rank Achievement Bonuses

Smarts Information rewards associates with a one-time bonus for reaching the next qualification standards:

  • Sapphire (personally recruit and keep two associates and generate $15,000 in downline funding quantity) – obtain $200
  • Ruby (personally recruit two Sapphires and generate $45,000 in downline funding quantity) – obtain $500
  • Emerald (personally recruit two Rubies and generate $90,000 in downline funding quantity) – obtain $1000
  • Diamond 1 Star (personally recruit two Emeralds and generate $300,000 in downline funding quantity) – obtain $3000
  • Diamond 2 Stars (personally recruit two Diamond 1 Stars and generate $1,000,000 in downline funding quantity) – obtain $5000
  • Diamond 3 Stars (personally recruit two Diamond 2 Stars and generate $1,500,000 in downline funding quantity) – obtain $10,000
  • Diamond 4 Stars (personally recruit two Diamond 3 Stars and generate $2,000,000 in downline funding quantity) – obtain $15,000
  • Diamond 5 Stars (personally recruit two Diamond 4 Stars and generate $2,500,000 in downline funding quantity – obtain $20,000
  • Diamond Ambassador (personally recruit two Diamond 5 Stars and generate $3,000,000 in downline funding quantity) – obtain $25,000

With a purpose to depend in direction of the above qualification standards, recruited associates will need to have an energetic funding place.

Word that downline funding quantity is counted throughout ten unilevel group ranges.

Becoming a member of Smarts Information

Smarts Information affiliate membership is free.

Participation within the connected revenue alternative nonetheless requires a $100 to $20,000 preliminary funding.

Continued participation within the revenue alternative requires ongoing funding.

Word that whereas all quantities quoted on this evaluation are in USD, Smarts Contracts solicits funding and pays returns in ethereum.

Conclusion

Smarts Information is a great contract Ponzi scheme.

New recruits make investments and people funds are used to pay current Smarts Information associates marketed returns.

Of observe is Smarts Information’ try at pseudo-compliance:

We don’t work or present providers in the US of America, Brazil, Canada, Mexico, Dominican Republic or the United Arab Emirates.

That is baloney, seeing as Brazil at present makes up 78% of visitors to Smarts Information’ web site (Alexa).

Venezuela is the one different notable supply of visitors, coming at 22%.

What we study from that is Smarts Information is probably going being run by somebody inside Brazil.

As with all MLM Ponzi schemes, as soon as affiliate recruitment dies down so too will new funding.

It will starve Smarts Information of ROI income, ultimately prompting a collapse.

The maths behind Ponzi schemes ensures that after they collapse, the vast majority of individuals lose cash.