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Trading and specifically leveraged products carry a high degree of risk. You should carefully study all risks and be sure you understand them before investing any money.
In a nutshell, RicaBot is an MLM-style trading bot scheme where affiliates give control of their cryptocurrency to randoms in Malaysia. The admins then run rigged trades that drain accounts.
RicaBot is a trading bot that affiliates give control of their tether (USDT) to, in order to generate a passive income. The only way to get involved is through an MLM compensation plan that pays on recruitment of new affiliate investors.
The bot trades crypto buying and selling using a spot trading system. This means the trading can take place 24 hours a day 365 days a year non stop. The admins run rigged trades that benefit them, and they drain the accounts of people who invest in RicaBot. The only thing a RicaBot affiliate makes is fees they pay to the admins, and recruitment commissions when they rope in new suckers. It’s a classic trading bot scheme with no retailable product. And it’s one that looks to be on the verge of collapse.
A trading bot is an artificial intelligence software program that supposedly executes trades on behalf of its owner. These types of schemes are often marketed as “lounge-chair” investments, meaning investors can sit back and watch the bot make them money. In reality, these bots are typically run by random people with no verifiable trading history who rig trades in their favor to drain investor accounts.
RicaBot affiliates invest a minimum of 500 USDT and then provide control of their funds to the company’s admins. Affiliates also earn recruitment commissions when they recruit new RicaBot members into the scheme.
While RicaBot does not offer any retailable products or services, it does generate revenue through its MLM compensation plan. It does this by charging membership fees and generating transaction fees through its community rewards system.
Ricabot is a platform that provides AI investment strategies that automatically generate crypto trading profits. These strategies are created by the community and can be accessed through a mobile application. Users can choose from a variety of investment strategies and customize them according to their preferences. The app also includes a wallet for storing cryptocurrency and a social network where users can exchange ideas and information.
The past performance of any investment strategy available through the mobile application does not necessarily indicate future results. Investors should be aware that any investment involves a risk of loss.
To the maximum extent permitted by law, RICABOTS and its officers, directors, members, employees, agents, temporary staff, representatives and consultants (hereinafter "RICABOTS Representatives") shall not be responsible or liable for any losses or damages of any kind resulting from the use of the information provided to you on this website, newsletter or by RICABOTS's Representatives.
The only way to join RICABOT is by becoming an affiliate. There are six affiliate rank levels in the compensation plan and each requires a minimum investment of USDT 500.
Affiliate investors give control of their cryptocurrency to RicaBot's admins and hope for passive trading profits. In actuality, the only money made here is via fees paid to RicaBot's admin(s) and recruitment commissions on new suckers recruited into the scam.
The MLM side of RicaBot takes transaction fees and puts them into the Global Community Bonus Pool which is shared amongst R3 - R6 ranked affiliates. There is no retailable product or service in RicaBot and the only way to make any money is through referral commissions.
