Smart Ether Review: Legit Smart contract or Huge Ponzi

Welcome to my Smart Ether Review!

Smart Ether

This is the latest Smart Contract MLM company to pop up and I decided to take a closer look.

They have some bold claims but I want to see how they back them up so I decided to do a full investigation.

Chances are someone approached you about their business opportunity and you landed here to make sure it’s legit.

The good news is I am going to walk you through the company, products and compensation plan so you can make the right decision.

Just PAY close attention and read this to the end.

Smart Ether Review (Company)

Landing on their website they don’t provide any info about who owns or runs the company.

Then I checked their domain registration and I found out (“smartetherx.io”) was privately registered on August 19th, 2020.

Smart Ether domain

I couldn’t find any data in regards to source of traffic to their website from Alexa ranking.

Smart Ether Products

Smart Ether has no retail products or services, with affiliates only able to promote Smart Ether affiliate membership itself.

Another crypto MLM I did review on with no product.

Compensation Plan

Smart Ether affiliates purchase 0.1 ETH 2×8 matrix cycler positions.

A 2×8 matrix places a Smart Ether affiliate at the top of a matrix, with two positions directly under them.

These two positions form the first level of the matrix. Levels three to eight of the matrix are generated in the same manner, with each new level housing twice as many positions as the previous level.

Binary

Commissions are paid as positions in the matrix are filled via direct and indirect recruitment.

Each level of the 2×8 matrix operates as a cycler tier with its own unlock fee.

Commissions paid out across the eight tiers are as follows:

  • level 1 (0.1 ETH fee) – receive 0.16 ETH from two positions
  • level 2 (0.16 ETH fee) – receive 0.512 ETH from four positions
  • level 3 (0.32 ETH fee) – receive 2.048 ETH from eight positions
  • level 4 (0.64 ETH fee) – receive 8.192 ETH from sixteen positions
  • level 5 (1.28 ETH fee) – receive 32.768 ETH from thirty-two positions
  • level 6 (2.56 ETH fee) – receive 131.072 ETH from sixty-four positions
  • level 7 (5.12 ETH fee) – receive 524.288 ETH from one hundred and twenty-eight positions
  • level 8 (10.24 ETH fee) – receive 2097.152 ETH from two hundred and fifty-six positions

A percentage of fees paid in is reserved for “super node” commissions.

These commissions are paid upline as a percentage of each fee paid in across eight levels as follows:

  • level 1 – 0.032 ETH paid upline
  • level 2 – 0.128 ETH paid upline
  • level 3 – 0.512 ETH paid upline
  • level 4 – 2.048 ETH paid upline
  • level 5 – 8.192 ETH paid upline
  • level 6 – 32.768 ETH paid upline
  • level 7 – 131.072 ETH paid upline
  • level 8 – 524.288 ETH paid upline

Note that position fees are due every 60 days, meaning the above payments are 60 days recurring – provided everyone recruited pays again.

Smart Ether is a worthless ERC-20 shit token created by the company.

Every time a fee payment is made Smart Ether rewards affiliates with Smart Ether tokens.

Cost To Join

Smart Ether affiliate membership is tied to a 0.1 ETH position purchase.

Full participation in the attached income opportunity costs 20.42 ETH.

All their fees are due again every 60 days.

Final Verdict

So is Smart Ether a Scam?

Well, Let’s look at the facts, shall we…

Firstly, we don’t know who owns or runs this company, which is big NO for me. I mean you need transparency from a company that you are looking to work with.

Smart Ether is a simple Ponzi scheme. 20.42 ETH is paid in, on the promise of a potential 3495.232 ETH ROI.

The potential ROI is sourced from subsequently invested funds, making them a Ponzi scheme.

That Smart Ether runs its Ponzi scheme via a smart contract script is neither here nor there.

As with all MLM Ponzi schemes, once affiliate recruitment stalled so too will new investment.

Being a matrix-based Ponzi scheme, this will see Smart Ether’s matrices stall.

Once enough matrices have stalled, an irreversible collapse will be triggered.

The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.[1]

I can’t recommend this company. Stay Away!.

I hope you enjoyed my Smart Ether review and if you have any questions feel free to ask in the comments below…

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