Is Fast BNB Legit? [Unbiased 2022 Review]

Welcome to my review of Fast BNB.

Fast BNB markets itself as a smart chain-based verified audited contract platform that aims to bring crypto users, miners, and users in one place. It also provides users with yield farming capabilities.

If you would like to learn more about how Fast BNB works, you are at the right place because in this review we breakdown how it works, how you can join, and whether or not it is legit.

Before I start…

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Fast BNB Review

Table of Contents

Introduction to Fast BNB

Fast BNB is purportedly a yield farming platform that seeks to bring together miners and crypto users under one platform.

Within its ecosystem, they will have the ability to stake, refer and earn seed income with unlimited opportunities.

They have something they call FastBNB yield Smart Contract. It is a Binance smart chain-based verified audited contract that enables the use of Binance Coin BEP-20 for use in yield farming.

Yield farming is investment strategy in Decentralized Finance that involves lending or staking cryptocurrency coins or tokens within the DeFI ecosystem to earn rewards in the form of transaction fees or interest. It works in the same way that you earn interest from a savings account because it is like you are lending the bank.

We have done articles like Tai Lopez’s Crypto Defi Accelerator and Ian Dyer’s Cryptoverse about investment opportunities that involve decentralized finance, a phenomenon in the cryptocurrency market that has been gaining traction following the rise of cryptocurrencies and NFTs.

Going back to Fast BNB, its goal is to offer longevity and stability that will ultimately bring crypto users, miners, users under a single platform.

They will not only be making money by staking their crypto assets because the platform runs a referral program.

With this platform, users can refer new users and for that, they earn income.

Who Is Behind Fast BNB?

It’s not clear who the owners or developers of Fast BNB are.

After finding out all there is to Fast BNB, I didn’t come away with useful information about the people who may have registered the platform or even the website.

Anonymity in the world of cryptocurrencies is pretty common but considering how there are many scams that have arisen due to this fact, it makes you apprehensive about a platform that keeps its creators anonymous.

How Fast BNB Works

Although Fast BNB claims to be a platform for people to yield farm, I think it is more concerned with recruiting new members more than anything else.

They offer something they call Seed Income.

Seed income is basically income generated when you refer people to the platform. They give the following example:

“E.g. User A refers user B, User B staked 10 BNB in plan Ox farming receiving 3% daily so user A would be entitled to receive 10% of 0.3 BNB i.e. 0.03 BNB daily.

At FastBNB user gets opportunity to earn seed income from its downline upto 100 Level paid every second 24X7 and are instantly available for withdrawals without any restrictions.”

So, what they are saying here is that you will earn money from your downline up to level 100 paid any time you want to withdraw without restrictions.

Here is what their compensation plan entails:

“Fast BNB offer unrestricted unlimited potential for referral income upto 10 Level where each level on its own can have unlimited referrals.

FastBNB offers Level-1= 6%, Level-2=4%, Level-3=3%, Level-4=2%, Level-5=1%, Level-6=0.5%, Level-7=0.5%, Level-8=0.5%, Level-9=0.25% & Level-10=0.25%

In total of 18% in referral commission.”

This means that when you become a member, you can earn a stipend from your downline up to 10 levels. The amounts vary as shown in the excerpt. In total, one can earn 18% in referral commission.

Fast BNB is based on a smart contract transaction protocol that will automatically implement the terms of a contract amongst all users. Of course, smart contracts have their own rules and terms of engagement while transacting.

Fast BNB starts with as low as 0.1 BNB. Note, there is no limit on the higher side. As per the rules of the smart contracts, the platform ensures your farming yield never drops.

Here’re the key features of the Fast BNB platform in a nutshell:

It claims to be a decentralized platform with never-ending farm yield options to earn from.
Seed Income is paid on each block for unrestricted earning potential.
One user can earn from referrals up to 10 Levels in the downline.
Yield income paid on each and every block on Binance Smart Chain starting from 60 days to maximum.

I should mention that I think that there are no products or services offered by FastBNB. The referral program appears to be the core business.

Pros of Fast BNB

The platform claims to be a one-stop platform for crypto users and miners.

Cons of Fast BNB

The platform does not have many users.
Secondly, there is no proof if the platform really allows instant withdrawals.
There’s no way of verifying whether there are hidden rules and fees.

Is Fast BNB Legit?

I don’t think Fast BNB is legit.

That’s because we do not know who the owners or developers of this platform are. Although Fast BNB claims various ways to make money using smart contracts, there is an emphasis on the referral program.

In fact, it looks like the whole platform exists for the sole purpose of collecting investments from people in the guise of “yield farming” and then paying commissions for those. There is no product or services on offer here, a feature commonly associated with a ponzi scheme.

Fast BNB Verdict

Although Fast BNB claims to be a yield farming platform, I thin it is more of a referral program where users get paid for recruiting new users. I don’t think the platform has anything to do with yield farming as it claims it does.

Therefore, you should not invest your hard-earned cash into such a platform that may disappear any time and get away with your money.

Please be careful when you see anything to do with smart contracts, seed programs, referral programs, and other plans like the ones Fast BNB is offering.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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