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Autoetherbot review (is Autoetherbot legit or scam?)
In the past few months, ETH has seen tremendous rise, it is the second most valuable cryptocurrency after bitcoin (BTC).
On Autoetherbot, you can accumulate ETH through a binary matrix, that starts with you referring two people to the system. All commissions are paid directly to the member’s wallet.
The disadvantage of most MLM platform is the middleman involved in the system, this middleman can decide to change the rules at any time or even run away with members’ funds.
Since Autoetherbot is deployed on the ethereum blockchain, this means it has no middleman, the system cannot be hacked, changed and funds are paid directly to member’s wallets.
In this Autoetherbot review, am going to be answering questions like “is autoetherbot legit?”, “is autoetherbot scam?”, “how to make money on autoetherbot?”, “autoetherbot login”, “autoetherbot registration” and many more.
If after reading this autoetherbot review, you still have questions, you can leave them in the comment section and I will tend to them as soon as I can.
Remember to share with your friends on social media after you finish reading.
Let’s get into it then…
What is ethereum?
Ethereum was created by Vitalik buterin in 2014, ethereum(ETH) like bitcoin runs on blockchain technology, but ethereum and bitcoin are very different.
It is the second most valuable cryptocurrency after bitcoin, and its value has seen tremendous rise over the past few months.
To really understand ethereum, you must understand how the internet works. These days our personal data, passwords & financial information are stored on cloud servers owned by big companies like google, Facebook, we trust them to keep our data safe (or we have to trust them), but a hacker or government can gain access to those information, meaning they can steal or change that information.
Ethereum has the aim of replacing these internet third parties with thousands of computers around the world called “nodes”.
What is a smart contract?
A smart contract is a contract that executes itself, an agreement between a buyer and a seller is written into a few lines of code, this code exists across a distributed/decentralized blockchain network.
Once a smart contract is deployed, it cannot be changed, hacked and it is irreversible. With the smart contract, there is no need for a central authority.
What is Autoetherbot?
Autoetherbot can be divided into 2 concepts:
- A smart contract or cryptocurrency network application Ethereum. The application code is programmed to distribute incoming transfers among participants according to a specific algorithm.
- This is the site itself, providing an interface for the convenience of working with a smart contract
Autoetherbot is not controlled by anyone, and although its source code was uploaded to the ethereum blockchain by someone, it is not controlled by anybody, and cannot be hacked or changed.
With the autoetherbot matrix system, you can accumulate up to $3,400 every 250 days.
How does autoetherbot work?
Autoetherbot is a unique combination of forced, team & hybrid matrix. You keep getting referrals from everywhere.
Company forced matrix follows the complete binary tree structure, new people coming in will be placed in the next available spot and not necessarily under you in the tree.
It will always follow a sequential pattern to fill all gaps & create a full matrix, it is REQUIRED that you register 2 people or you WILL NOT be qualified to receive ANY Commissions.
To get the first level commission, you have to refer minimum 2 people BEFORE someone joins in below you in the tree.
Team matrix is where your team gets placed, new people coming in will be placed in your team only.
You need minimum 2 direct referrals in order to activate the Team Matrix, activating the Team Matrix means buying the 1st level.
To get the first level commission, you have to activate the first level in this matrix before the person who is below you in the matrix. Watch out the levels of your downlines closely in order to upgrade the level before them to get the commission and NOT to miss them.
Hybrid matrix is where your team gets placed, new people coming in will be placed in your team only. It follows the commission structure in the hybrid fashion.
Activating the Team Matrix means buying the 1st level. To get the first level commission, you have to activate the first level in this matrix before the person who is below you in the matrix.
Watch out the levels of your downlines closely in order to upgrade the level before them to get the commission and NOT to miss them.
How to make money from Autoetherbot?
In autoetherbot, there are different levels, and you buy these levels by depositing a certain amount of ETH.
To get started, you will have to sign up with only 0.006ETH and refer two people.
The two people that you refer will deposit 0.006ETH to you and you will get 0.012ETH, you will then use 0.01ETH to buy level two, keeping 0.002 as profit.
The matrix continues in level 2, the 4 people recruited by the two below you will deposit to their direct upline, who will in turn deposit 0.01ETH to you to buy level 2. You will then use 0.02ETH to upgrade to level 3 and you will keep 0.02ETH as profit.
The 8 people recruited by the 4 should donate to you 0.02ETH. You will need to upgrade to the next level with 0.1ETH and keep 0.06ETH as profit.
The 2 people who donate to your level 1, will donate 0.1ETH each to you and you will get 0.2ETH, you will use 0.12ETH to upgrade to level 5 and keep 0.08ETH as profit.
The 4 people recruited by your 2 people will donate 0.12ETH. You will use 0.2 to upgrade to level 6 and keep 0.28ETH as profit.
8 people recruited by your four donate 0.02ETH to you, making a total of 1.6ETH, you will use 1ETH to upgrade to the next level and keep 0.06ETH as profit.
16 people recruited by your 8 donate 1 ether each thus making it 16 ETH.
How to register on Autoetherbot?
To register on Autoetherbot, you will need two things:
- Trust wallet for android or iOS, Metamask for desktop
- 006ETH + network fee/gas fee
Download and install the trust wallet from Google play store, and follow the instruction to create an ethereum wallet.
You can visit the website https://autoetherbot.com/join.php to register.
Is Autoetherbot legit?
Autoetherbot is very similar to Million money, forsage, lionshare and Rapido run. They all run on the ethereum blockchain, this means that, they cannot be hacked, changed and they are not controlled by any admin.
This definitely is one of the major reasons people join these platforms, and if you think you can build a team, then it might be a good way to accumulate some ethereum.
As far as I can tell, autoetherbot has no way of ripping you off your money, since it is self-executing and all commissions are paid directly into members’ wallet.
Frequently asked questions (FAQs)
Who owns autoetherbot?
Autoetherbot is run on smart contract, this means that the program is self-executing and cannot be changed, hacked and is not controlled by any admin.
Is autoetherbot scam?
Autoetherbot is not scam and is a platform that lets you accumulate ethereum, which is the second most valuable cryptocurrency after bitcoin.
Is referral compulsory on autoetherbot?
Once you sign up, you will have to refer two people.
What is Overflow?
Overflow is a process that occurs when a participant register for an upline, in which the first level is filled by two participants. The next new member falls into the structure of this upline below, in the nearest free place.
Example: Your 1 line upline (your invitation to the System) invited 2 partners and continued to invite further. His 3-th partner “overflow” is attached to his personal partner – to the one who was first registered.
If you already have several participants in the structure filled with lines, then new registrations also go “lower” even lower and attach to your free partners, becoming also your lower line partners.
Thank you for reading my autoetherbot review, if you have any questions or you need assistance with anything, you can contact us or leave a comment below.
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