Is Snapcoin legit?

Snapcoin, a digital platform for people to save when spending.They also claim to have a method to earn lots of money through "members" packages. The member will need to sign up and pay a upfront deposit and recruit more people, where each member who pays an amount of money, a certain percentage will be given back to the recruiter. Is this legit? It sounds like MLM but they deny that their scheme is MLM, they even have lawyer letters and prove? Not sure if it is true. Anyone knows more about it?