GPBots, a platform claiming to use AI for trading, has been identified as a Ponzi scheme. Its website, gpbots.com, registered privately on May 27th, 2023, offers no verifiable ownership or executive details. Marketing materials feature crudely animated AI avatars.
The operation utilizes DefiCode's Arbot, a tool specifically designed for building smart-contract-based Ponzi schemes. This same Arbot software was recently found powering the StakeMine Ponzi scheme, which is also believed to be operated by Brazilian scammers due to its Portuguese language elements. GPBots' website also shows Portuguese as its native language code, despite an English interface. This strong overlap suggests a common group of fraudsters is behind both operations.
GPBots offers no actual products or services for sale. Affiliates can only recruit new members to the platform. Investment amounts range from $20 to $10,000 in cryptocurrency, with promises of up to 1% daily returns. These returns are capped at 200% of the initial investment, including any MLM bonuses. This cap can be increased to 300% if an affiliate recruits five other investors who put in the same or greater amounts. Once the ROI cap is reached, existing members must reinvest to continue earning.
The recruitment aspect of GPBots operates on a unilevel compensation structure. Affiliates earn a percentage of the cryptocurrency invested by their downline, extending down five levels. The payout rates are 10% for personally recruited affiliates, 3% for levels two and three, and 2% for levels four and five. Commissions are limited to the amount the recruiter has personally invested. For example, an affiliate who invested $500 will only earn referral commissions on investments of $500 or less within their downline.
Additionally, residual commissions are paid through a 3x5 matrix system. This structure places three positions under each affiliate on the first level. The second level is formed by dividing these initial three positions. The system is designed to fill these matrix positions as new investors join, generating further commission opportunities for recruiters. The platform’s reliance on recruitment and promised returns, without any underlying legitimate business activity, are hallmarks of a Ponzi scheme.