Streakk Review: A Suki Chen STKK Crypto Ponzi streak.io
Streakk is a smart contract STKK owned by Suki Chen whose actual name is Sukijami Chendrawan, an Indonesian national. Here’s our clear streakk.io review.
Suki claims to be a seasoned entrepreneur and claims to have an Insurance background. He briefly held the helms at Odem before operating a string of failed Blockchain networks. Suki finally reinvented himself in 2018 with the Streakk project.
The Streakk project is solely operated from the MLM capital of the world, Dubai. He also claims to have offices in Singapore and South Africa. The project has duped many across Africa, Asia, and Europe with several regulators questioning his smart contract soliciting funds.
What makes STKK a risky investment platform is the fact that it offers a guaranteed profit margin. Looking at the performance of the STKK coin on CoinMarketCap shows a different story to it.
There have been several down rounds which indicate making consistent profit margins is not possible. The platform solicits funds in form of Bitcoin, Binance Coin, Cardano, Ethereum, MATIC, Polkadot, and Tether.
Making guaranteed yearly profits is what the platform guarantees plus an affiliate package that’s hard to refuse. The affiliate aspect of Streakk is what makes it an MLM Ponzi with Suki driving members to sign others for personal gains.
Suki also promises investors a barrage of STKK tokens for every member they bring to the table. We can clearly see an MLM aspect where the platform’s owner claims to offer weekly Streakk tokens for affiliates.
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These tokens are basically worthless with the current price on the date of print at $0.07. There has been a 26% negative run in the past 24 hours alone in terms of volume. We see more and more investors losing their hard earned major coins for the worthless STKK.
Here’s our candid STKK Review.
A brief look at Streakk Token by Suki
With staking the primary incentive to invest with the STKK token, there are several red flags worth mentioning. There’s also a Streakk wallet failing to release withdrawals making it difficult to receive investors.
What we have is a platform lacking in structure and transparency seeing the wallet is a risky crypto holder. Those who rely on the wallet to withdraw funds are lost as the wallet seems to allow withdrawals for partners only.
Streakk is posing as a staking and crypto marketing ruse to deceive and defraud investors. They get convinced to exchange their hard-earned cryptos such as Bitcoin and Ethereum for a worthless token STKK.
We’ve seen such projects before and they rarely end well for investors. This is why we’ve got to steer clear of such projects in the future. What we have is Suki trying to rip off investors with his first major Crypto MLM Ponzi.
Thanks to his staking promise of high returns, the highest staked coin with the largest ROI is STKK. Of course, he would drive investors to believe his token is worth more than Bitcoin and Ethereum combined.
Plus, Suki claims to offer personal nodes to his tokens where investors are set to earn even more with other partners. Of course, these are false claims as Suki is only offering hot air before the balloon finally blows out.
Countries targeted by Streakk and Suki in general
Most of the investors who signed up with Streakk come from Europe. These include investors from France, Germany, Hungary, Italy, and Spain. African investors are also targeted including those from Namibia and South Africa.
Despite the owner being Indonesian, the token wasn’t well received in the region. Seeing that there’s no background credibility of Suki, most Asian investors opted to ignore the token, a great move.
Trading Volume Crash an Indication of a failing token
The trading volume of STKK dipped by over 156% in the last month alone. This means the platform will likely be a huge risky aspect for investors. The best way to avoid such projects is doing research.
We believe the pump created by new investors led to Suki offloading most of his personal tokens therefore creating an inflation of the token. The inflation led to decrease in price and value of STKK which means new investors are getting worthless coins.
There’s little evidence to suggest STKK will go beyond the 0.07% mark in the next year. The entire project hinges on the platform’s ability to get more users to buy the token to try and pump the overall price.
Why Streakk is a risky investment project
Suki is the reason why this token is failing as his greed and other relations to MLM Ponzi artists led to STKK demise. With just 10 million in total supply, this BEP-20 smart contract is against any rallying from investors.
As an investor, doing due diligence helps you discern the risks involved in such projects. The risks arising from Suki’s mistake is what makes STKK a worthless project. Those who buy in low might take years to recoup their investment.
Disadvantages of Streakk STKK
Here’s what we found out as the risks associated with Streak and the red flags you’ll encounter once you sign up. Please note the staking incentive won’t lead to much as the platform is highly risky.
A consistent staking ROI promise
One of the many reasons making us doubt the platform’s staking venture is the promise of making consistent ROI. These are false claims as market dynamics don’t allow for such antics to begin with.
Crypto markets are volatile as is the token industry which sees a dip in prices from time to time. The STKK coin has seen several deeps over the past few months which indicates making consistent ROI is impossible.
A hard-to-hit commission-based structure
There’s a Streakk commission target for affiliates which is near impossible to hit. The platform has over the years been a constant challenge to investors. And this is why we’ve got to expose the commission aspect of it.
Suki sets up the commission structure to ensure members bring in other investors while they wait for payouts. These payouts are hard to come by and include the riskiest aspects of it all. Getting any payouts from Suki is next to impossible.
A risky in-house Streakk wallet
Suki demands that you withdraw STKK from their wallet which is another problem. There’s no telling when the wallet will allow withdrawals and when to block. Several investors have faced blockades in the past.
Having an in-house wallet is supposed to make things better which is not the case. Instead, we’ve got a platform failing to offer much in terms of authenticity and durability. The platform is a risky investment.
Easy passive income claim by streakk.io
We get a call to make easy passive income with large commissions on offer. When it’s too good to be true, think twice. We have a platform owner who is only interested in taking advantage of affiliates by having them do all the heavy lifting.
The platform or rather value of the token increases or decreases depending on member numbers. Once this dips, the platform will likely fall further down the pecking order and head to the negative price range.
Conclusion Streakk
Please stay away from Suki’s platform, Streakk is a high-risk investment project.
The best way to move forward is to have a reliable staking project backed and tested by the crypto community.
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