Can anyone shed some light on this "InvestBox"? This is all the information I can find on their website:
Invest your free coins to InvestBox! Its a tool for devs to promote their coins. Its NOT Pyramid/HYIP, all payments are made from special fund.
InvestBoxes can change status from Active to «No coins», but you can close your investment any time, its 100% safe.
This is all the information they provide. It's definitely not a Ponzi, it's from a "special fund", but with absolutely zero details as to what this "special fund" is, or how it is able to generate profits of 10%
per day, which is obviously nonsense.* Also, how can an "InvestBox" change to "no coins" and yet still be able to pay out? This has all the hallmarks of a Ponzi.
Furthermore, the only thing I can find regarding this "X10" token is an announcement from
bitcoin.com's forums here. (Warning: bitcoin.com is a known scam site designed to trick newbies in to buying a trash altcoin.) See the following quote:
Earn MULTIPLE $50, $100, $200 and $500 Commissions Plus Profit Sharing on 5 Downline Levels!
Get Paid $50, $100, $200 and $500 COMMISSIONS + DOWNLINE PROFIT SHARING 5 LEVELS DEEP!
All Instant & Automatic To Bitcoin Wallets!
Earn Massive Commissions Via X10!
So as far as I can see, YoBit are advertising a Ponzi scheme built on top of a pyramid scheme. Please someone correct me if I'm wrong, but users should really think long and hard before applying this new signature.
*10% profit a day could turn $100 in to over a million dollars in 3 months, and over two billion dollars in 6 months. Obviously bullshit.