A forex trading bot with a graveyard of failed partnerships just found a new host. Nasgo, a struggling cryptocurrency platform, has integrated Ryze AI into its operations—a move that appears designed to prop up a collapsing pyramid scheme with yet another layer of fraud.
Ryze has been peddling trouble since 2017. Every MLM company that hitched itself to the trading robot scheme went under. Divvee collapsed. Hodo Global folded. Wealth Generator imploded so spectacularly that the FTC fined Investview $150,000 in 2018 for running the operation illegally.
Nasgo launched in early 2018 as a cryptocurrency platform and bombed. The company stayed afloat only after rolling out ShareNode, a pyramid scheme tethered to its own worthless SNP token. When demand for that token evaporated, Nasgo suspended payouts. The platform needed something—anything—to generate interest in its ecosystem.
Enter Ryze. Around April 2019, Nasgo began marketing the trading bot as "Ryze One" to its network of affiliates. The setup is straightforward: affiliates buy Nasgo's NSG token, then convert it into Ryze tokens at a 1:1 ratio. They're told to invest $1,000 in Ryze trading contracts. Marketing promises stable profits. The MLM compensation plan sweetens the deal by paying affiliates to recruit new investors.
The con is transparent. Ryze tokens, like SNP tokens before them, exist only inside Nasgo's ecosystem. They have zero value anywhere else. Nasgo is essentially selling the same product twice, dressed up in different clothing.
There's no legitimate business here. Ryze AI remains completely unregistered with the SEC. It always has been. The firm operates illegally every time it offers investment opportunities to US residents, which accounts for 92 percent of Nasgo's web traffic according to Alexa estimates. By partnering with Ryze, Nasgo didn't just continue operating a pyramid scheme. The company added securities fraud to the charge sheet.
The Ryze One website exists, but it's a shell. Non-members can only generate a QR code that supposedly grants access through Nasgo's Amico app. The whole operation stays deliberately murky, moving fast enough to recruit new money before regulators notice.
This is what happens when schemes collapse into one another. A failed trading bot props up a failing cryptocurrency platform. A dying pyramid scheme gets rebranded as a forex opportunity. Each layer of fraud feeds the next. The affiliates putting up money have no way to verify that any of it works. They're buying tokens with no intrinsic value, promised returns that never materialize, and a recruitment pipeline that inevitably runs dry.
Nasgo and Ryze are banking on the same thing they always do: that enough people will move fast enough to cash out before it all crumbles. History suggests they should know better.
🤖 Quick Answer
What is Nasgo's recent partnership with Ryze AI?Nasgo, a cryptocurrency platform, integrated Ryze AI into its operations in 2024. Ryze is a forex trading bot previously associated with multiple failed multilevel marketing companies, including Divvee and Hodo Global, raising concerns about the legitimacy of this partnership.
What is Ryze AI's track record?
Ryze AI has operated since 2017 as an automated forex trading bot marketed to MLM companies. Multiple platforms utilizing this technology have collapsed, including Wealth Generator, which prompted FTC action against Investview with a $150,000 fine in 2018 for illegal operations.
What was ShareNode in relation to Nasgo?
ShareNode was a pyramid scheme launched by Nasgo utilizing the SNP token. When demand for the token declined significantly, Nasgo suspended operations associated with
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