SmartSteps fails to offer possession or government info on its web site.
SmartSteps’ web site area (“smartstep.dwell”), was privately registered on January ninth, 2023.
SimilarWeb tracked ~11,500 month-to-month visits to SmartSteps’ web site as of November 2023. Three sources of visitors have been recognized; Canada (93%), the US (4%) and the UAE (2%).
If we take a look at the source-code of SmartSteps’ “powered by GitBook” whitepaper, we will see it was arrange in Chinese language:
Whereas I can’t say for certain, SmartSteps seems to be nameless Chinese language admins in Dubai focusing on Canada and the US.
As all the time, if an MLM firm shouldn’t be overtly upfront about who’s working or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
SmartSteps’ Merchandise
SmartSteps has no retailable services or products.
Associates are solely in a position to market SmartSteps affiliate membership itself.
SmartSteps Compensation Plan
SmartSteps associates make investments USD equivalents in Binance Coin (BNB).
That is performed on the promise of marketed returns, paid in Bolt Token (BOLTYX):
- Silver – make investments $49 and obtain a $49 ROI (max 60 days)
- Gold – make investments $99 and obtain a $148.50 ROI (max 120 days)
- Diamond – make investments $222 and obtain a $444 ROI (max 180 days)
- Blue Diamond – make investments $444 and obtain a $1332 ROI (max 240 days)
- Crimson Diamond – make investments $999 and obtain a $3996 ROI (max 360 days)
- Black Diamond – make investments $2222 and obtain a $11,110 ROI (max 540 days)
Word that to qualify for returns SmartSteps associates should log a set variety of steps per day.
That is tracked by means of an app and should be accomplished with the required timeframes (see “max” values above).
Both upon reaching the passive return or failing to take action throughout the specified timeframe, reinvestment is then required to proceed incomes.
SmartSteps Affiliate Ranks
There are 9 affiliate ranks inside SmartSteps’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Silver – make investments $49
- Gold – make investments $99
- Diamond – make investments $222
- Blue Diamond – make investments $444
- Crimson Diamond – make investments $999
- Black Diamond – make investments $2222
- Double Black Diamond – not disclosed
- Platinum – not disclosed
- Double Platinum – not disclosed
Referral Commissions
SmartSteps pays a ten% referral fee on BNB invested by personally recruited associates.
Residual Commissions
SmartSteps pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary crew, break up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed by way of direct and oblique recruitment of associates. Word there isn’t a restrict to how deep a binary crew can develop.
Residual commissions are paid as 8% to 16% of BNB invested throughout the binary crew.
- Silver ranked associates earn an 8% residual fee price, capped at $1470 a month
- Gold ranked associates earn an 8% residual fee price, capped at $2970 a month
- Diamond ranked associates earn a ten% residual fee price, capped at $6660 a month
- Blue Diamond ranked associates earn a ten% residual fee price, capped at $13,320 a month
- Crimson Diamond ranked associates earn a 12% residual fee price, capped at $29,970 a month
- Black Diamond ranked associates earn a 12% residual fee price, capped at $66,660 a month
- Double Black Diamond ranked associates earn a 14% residual fee price, capped at $150,000 a month
- Platinum ranked associates earn a 20% residual fee price, capped at $300,000 a month
- Double Platinum ranked associates earn a 20% residual fee price, capped at $600,000 a month
Matching Bonus
SmartSteps pays a Matching Bonus on residual commissions earned by personally recruited associates.
The Matching Bonus pays a 4% to twenty% match, once more based mostly on rank:
- Silver ranked associates earn a 4% match
- Gold and Diamond ranked associates earn an 8% match
- Blue Diamond and Crimson Diamond ranked associates earn a 12% match
- Black Diamond and Double Black Diamond ranked associates earn a 16% match
- Platinum and Double Platinum ranked associates earn a 20% match
SmartSteps Conclusion
SmartSteps combines an NFT task-based Ponzi mannequin with pyramid recruitment.
SmartSteps’ Ponzi scheme is run by means of its BOLTYX token.
BOLTYX is a BSC-20 token. BSC-20 tokens could be arrange in a couple of minutes at little to no value.
SmartSteps associates make investments into BOLTYX on the promise of a passive return. Mentioned return is hidden behind a convoluted NFT scheme and day by day process.
SmartSteps makes use of NFTs to control how a lot an affiliate can earn every day by way of the set process. That is to make sure those that make investments extra are in a position to steal nearly all of invested BNB.
As the corporate’s title implies, SmartSteps’ process is to take steps.
NFT “footwear” limits what number of steps an affiliate is rewarded for every day.
Each NFT Footwear comes with a restricted variety of steps customers can stroll in a day.
These Footwear will document the variety of steps and mint the BOLTYX token accordingly.
Upon getting reached the utmost variety of steps, it’s possible you’ll proceed to be energetic, however the utility is not going to document anymore steps or mint any BOLTYX tokens.
Steps are recorded in an app. Well being advantages apart, it’s a pointless process that has nothing to do with income era.
As per SmartSteps’ personal advertising and marketing copy, all they’re doing is recycling newly invested funds to repay present traders.
Nearly all of the income generated by Smartsteps web3 way of life platform customers is distributed to the customers.
This takes place internally, for so long as SmartSteps permits traders to money out BOLTYX tokens for precise cash.
SmartSteps’ pyramid scheme exists by the use of all commissions paid out being tied to recruitment.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve SmartSteps of ROI income, finally prompting a collapse.
Math ensures that when a Ponzi scheme inevitably collapses, nearly all of individuals lose cash.