Post
Topic
Board Service Discussion (Altcoins)
Re: 333 ETH? a ponzi scheme?
by
tins
on 19/10/2018, 11:51:59 UTC
Ethereum-based Decentralized  333ETH has been flagged as a possible ponzi scheme. The scheme promises a 3.33% daily interest and has gotten the attention of a lot of "investors'. That is quite high in my opinion, what is your opinion on this?Is this another 'bitconnect' kind of game that gave cryptos a bad name earlier this year? 

Source:
https://www.cryptoglobe.com/latest/2018/09/popular-ethereum-based-dapp-flagged-as-fraudulent-ponzi-schame/

That's a form of HYIP (you can google ponzi to understand what it is). Typically, you will invest, for example, about $ 100 with interest paid at 3.33% per day for 40 days. If you join early, you will probably earn a little profit from it