WealthBot Review – Legit Company or Another Scam? Find Out Here…

Welcome to my WealthBot Review!

With so many new MLM companies starting up daily, it can be difficult to determine which ones are a good investment and which ones are a scam.

So, how can you go about figuring out which is which?

Research!

Read and learn as much as you can about any new company you are thinking of joining!

And this review will help you do just that by providing information about the company, the products and the compensation plan.

So, let’s get to it!

WealthBot Review – The Company

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Clik here to view. WealthBot Review

The WealthBot website does not provide any information about who owns or operates the business.

The WealthBot website domains were registered as “wealthbot.info” and “wealthbot.online” on the 12th of December and the 25th of November, 2016.

Although the “.online” domain is privately registered, the “.info” domain lists Ronald Schulz as the owner, care of InMotion Hosting Inc.

Both the address and contact details that are provided in the WealthBot domain registration belong to InMotion Hosting.

Other than hosting the WealthBot website, InMotion Hosting does not seem to be connected to the business in any other way.

While I was able to find some WealthBot marketing videos that feature an individual by the name of Jay Michaels as a presenter, I couldn’t find any other information connecting Michaels to the company.

WealthBot Reviews – The Products

WealthBot does not offer any retail products or services to affiliates or retail customers.

Affiliates simply market the WealthBot affiliate membership.

The WealthBot Compensation Plan

WealthBot affiliates who want to participate in the compensation plan must invest $100 or more in bitcoin for a monthly ROI.

Based on information on the company website, it seems that there are two “plans” that affiliates can invest in:

Safe 90 Day Plan – Pays a compounded 30% ROI every 30 days with invested funds locked in for 90 days
Safe Liquidity Plan – Pays a 5% ROI every 30 days, funds can either be compounded the following month at 5% or the interest or the interest plus invested funds withdrawn after 30 days

Referral Commissions

WealthBot affiliates earn referral commissions on invested funds through a unilevel compensation structure.

This type of compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right underneath them on level 1.

When a level 1 affiliate sponsors new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.

When a level 2 affiliate sponsors new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.

Payable unilevel levels are capped by WealthBot at 4, and pay commissions as a percentage of what is invested across these 4 levels:

Level 1 (personally sponsored affiliates) – 3%
Levels 2 and 3 – 3%
Level 4 – 1%

Referral commissions are paid out every month after an ROI payout has been paid.

Cost To Join WealthBot

The cost to join WealthBot as an affiliate membership is free, but affiliates are required to invest at least $100 in bitcoin if they wish to participate in the company income opportunity.

Verdict on WealthBot

One of the first things I always look at when determining if a company is legit or not, is whether or not they have real products or services to offer…

And this is a company that has neither…

Without any retail products or services, there is nothing to drive the business forward…

So, this company relies on recruiting new affiliates to keep new funds coming in….

But what happens when recruitment numbers inevitably die down?

Income will decrease and affiliates will start to see a drop in their ROI…

My advice here is join at your own risk…

I hope you enjoyed my WealthBot review and if you have any questions, please leave them in the comments below…