In the rapidly evolving world of cryptocurrency, TafaBot stands as one of the latest and most concerning developments.
Operating in the MLM-cryptocurrency niche, it promises to provide users with an automated cryptocurrency futures trading robot that allegedly generates passive income without requiring investors’ capital to leave their wallets.
In this post, we will do TafaBot Review and will answer whether TafaBot is legit or a scam.
What is TafaBot?
Founded by Samuel Benedict Ogbonnaya and Victor Otubo, TafaBot claims to offer an automated cryptocurrency futures trading robot that generates passive income for investors.
TafaBot promised to provide consistent profits and minimize losses up to 0%.
TafaBot does not offer any retailable products or services. Instead, affiliates can only promote TafaBot’s affiliate membership itself.
Affiliates pay an annual fee to access various “trading bot” investment plans, which determine the amount they can invest. The plans Start from ($100 annually, up to $3,000 investment), to Professional ($1,000 annually, up to $100,000 investment).
It is important to note that TafaBot charges a 10% fee on all ROI (Return on Investment) payments.
TafaBot also offers referral commissions based on the fees paid by their personally recruited affiliates and their downline.
|Crypto Trading Bot
|Domain registration date
|19 August 2022
Read: Super.One Review
Based on users’ reviews and red flags, we found that Tafabot is not a legit platform. Here are a few major red-flags to consider.
- Lack of retailable products or services.
- Ponzi Scheme model
- Focus on recruitment for income generation.
- Founder’s involvement in post-Ponzi schemes.
- Lack of transparency and evidence of financial regulation registration.
- Unclear sustainability of the business model.
- Unnecessary Liquidating Users.
- Poor Customer Support
Also, many users shared their problems are TrustPilot-like platforms which Tafabot failed to address.
Read: EB4.Us Review
What is TafaBot?
TafaBot claims to provide an automated cryptocurrency futures trading robot that generates passive income for investors.
Who is the founder of Tafabot?
The Founder of TafaBot is Samuel Benedict Ogbonnaya.
From Where Tafabot is Operating?
TafaBot is operating from Dubai, United Arab Emirates (U.A.E).
Is Tafabot Legit or a scam?
Tafabot is not a legitimate platform.
Read: KicksCrew.com Review