It doesn't matter the admin's credibility, but for sure the admin's intent is to steal from every user. It's clearly a PONZI SCHEME.
I got you right but the credibility of the admin also matters though i agreed that this is a ponzi scheme but it is just a replica of the the legit ones out there.
IS THIS A PONZI OR A PYRAMID SCHEME?
A. a pyramid scheme means that only the top members get paid whereas peer to peer programs like viral crypto allows
every member to earn the same amount by doing the same amount of work. You can receive more donations than the person who signed you up. A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid. we are not in this category either nor related too