Sniggyvest is a newly lunched ponzi matrix scheme that promised to enable individuals make a whooping sum of N80,000 with an investment of just N1,000 and in this sniggyvest review, I am going to reveal all you need to know about the platform and if it’s legit or scam.
Crowdyloan is a new platform and as at the moment of writing this guide, the platform has only used some days online, which prompt a lot of people to seek for the detailed information about the platform and know if it’s legit or just another scam before they dive in.
Today, I am going to reveal to you, all you need to know about the platform and if you have been wondering if sniggyvest is legit or scam, worry no more, this guide is going to provide the appropriate answer to your questions and help you in taking the appropriate decision towards the platform.
What Is Sniggyvest?
Sniggyvest is a ponzi matrix scheme site just like crowdyloan, where members of the platform register and donate N1,000 to activate their account, after which the newly registered member has donate the sum of N1,000 to an existing member of the platform, he/she will be marged to receive a total sum of N5000 from others and upgrade to another level with this money.
As at the moment writing this sniggyvest review, the platform costs N1000 to become a member of the platform and according to sniggy vest promise , each registered member can earn up to 80,000 Naira per month.
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Sniggyvest is it legit? I know this will actually be the main question running through your mind right now, but you have to relax and read the basic information and some breakdown of the platform, while reading this, you will be able to rate the platform yourself and decide if sniggyvest is legit or just another scam.
How Does Sniggyvest Works?
A brief picture of how sniggy vest works has been shown to you in the about section above and in this section, we will discussed further, how the platform works and with the information to be provided in this guide, you will be able to have some hint on how legit is sniggyvest.
As at the moment of writing this sniggyvest review, the platform has five lending levels and to become an active member on the platform, you will have to pay a sum of 1000 naira to an existing member of the platform that has paid someone else and waiting for his/her returns.
Below is the detailed information about each levels on the platform;
This is the default level on the platform and immediately you complete your registration, you will automatically be a level Zero member of the platform until you decided to move to level one by paying a sum of 1000 naira to an existing member of the platform.
This is the first level on the platform and it requires a total of N1000, you will have to donate the sum of N1000 to an existing member of the platform and once they confirm your donation, you will be upgraded to the level one immediately. Once you’re on the level one, you’re qualified to get 5000 in returns from the registered members of the platform in just five minutes as promised by the platform.
This is the second level on the sniggyvest platform and to upgrade to this level, you will have to donate the sum of N5,000 to a member of the platform and once the person confirm your donation, you will be upgraded to level two automatically, giving you the opportunity to receive a Whopping sum of N10,000 in just 2 days.
This is the third level on sniggy vest platform and to upgrade to this level, you will have to donate the sum of N10,000 to a member of the platform and once the person confirm your donation, you will be upgraded to level three automatically, giving you the opportunity to receive a Whopping sum of N20,000 in 4 days.
This is the second to the last level on the sniggy vest platform and to upgrade to this level, you will have to pay a member of the platform, the sum of N20,000 and once the person confirm your donation, you will be upgraded to level four automatically, giving you the opportunity to receive a Whopping sum of N40,000 in 8 days.
This is the final level sniggyvest.com and to upgrade to this level, you will have to donate the sum of N40,000 to a member of the platform and once the person confirm your donation, you will be upgraded to level five automatically, giving you the opportunity to receive a Whopping sum of N80,000 in 16 days.
The fifth level is the last level on the platform and at this point, you should have earn a whooping sum of N80,000 with an investment of just N1,000. On the platform Once you make your first donation, you’re not expected to take any money from your pocket again, you will be using your income from the previous level to move to the next level. That’s if sniggyvest.com is legit anyways.
The sniggyvest registration is very simple and straight forward, all you have to do is to go to sniggyvest.com registration page and fill in your details, you will be asked for your name, phone number, email address and as the case may be. Once you provide all the required information, agree to their terms and conditions. Click on the register button and you will be redirected to your dashboard.
You will see a notification telling you to verify you account with a code, open the mailbox of the email address you provided during the registration, you will see the sniggy vest confirmation code, copy it and input it into the box provided on your sniggyvest.com dashboard. Click on verify button and your account is verified.
To login to your account at any point in time, simply go to the sniggyvest login page, input your registered email address and the password you set during the registration, you will be taken to your account dashboard immediately.
Sniggyvest Referral Code
Sniggyvest.com also have a referral program that gives you the opportunity to earn by inviting others to the platform, it’s a recurring Commission and anytime your referral make donation, you will earn a certain percentage until they stopped making donation.
In other to be able to refer others and get commission on their activities, you will need the sniggyvest referral code, this will help the system to Know who referred who and which account to send the commissions to.
To get your own sniggy vest referral code, kindly login to your sniggyvest.com account and click on the menu bar at the top left corner of the site, select referrals and you will see your referral code and link.
In this section, I will tell you if sniggyvest.com is legit or not, with the information to be provided in this section, you will be able to know what the platform is up to by yourself. Before telling you if the sniggyvest is scam or legit, let me outlined some green and red flags we have found on the platform with our analysis.
You will use N1000 to get N80,000, it sounds appealing and at the same time too good to be true.
The platform is easy to understand.
It has a friendly interface.
It’s a peer to peer platform which implies that the platform owners might not have access to the members funds.
1. Having explore the registration details of the platform, it’s a new registered domain, which was registered barely a month ago and the platform record says, it has paid 9million naira out already, which is very far from the truth.
2. The platform name is not unique, sniggyvest is very related to piggyvest and some people ight because of this think that the platform is a product of another company, which is not. This can be referred to as cloning to gain trust of unsuspecting members.
3. It’s a Ponzi scheme and the amount promised is just too good to be true.
4. It’s peer to peer if they peer you with someone that isn’t ready to pay, you will have to wait for extra 12hrs before you can be able to take any action.
5. The person they peer you with might lie to have paid you when he/she hasn’t, this will make the transaction enter dispute and resolution might take time.
6. For the platform to be active, a lot of people must be joining on a daily basis and the number of giver must be higher than that of receiver, which I doubt the platform is getting that much newly registered member on a daily basis.
7. It has same interface and work same way with crowdyloan and if you participate in the aforementioned platform, you will know that their are high chances that the yesterday crowdloan is today’s sniggyvest.
Is Sniggyvest Legit?
With the the detailed information provided in the red and the green Flags section of this guide, I think you should have gotten one or two fact to take a proper decision of if the platform is legit or not. However, if you’re to try the platform, make sure you can afford to loose the 1000 naira you’re about to risk as the probability of loosing the money is higher than that of gaining more.
Is Sniggyvest Scam?
Sniggyvest.com is a peer to peer platform and the website is still accessible, this implies that if you make a donation, you will be able to receive donation as well, whenever someone opt in to provide new donation. In this case, the platform cannot be fully pronounced scam yet, but you have to be very careful if you must give them a trial. This is because the platform shows a red light from all indications and hence, it’s very risky and your name will have to be lucky in order to make profit from the platform.
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Sniggyvest Customer Care Number
A lot of people have been looking for the sniggy vest customer care number and in this section, I will tell you how to get in touch with sniggyvest customer care representative whenever you need to.
If you want to contact the sniggyvest support, kindly mail your complaints to [email protected] and wait for their response if you get any.
Conclusion: sniggyvest.com is a Ponzi scheme platform as many other platforms we have known in the past and with the detailed information that has been provided for you in this sniggyvest review, I am sure you have learnt all you need to know about the platform and have full insights on whether to give it a trial or zoom off.