Post
Topic
Board Altcoin Discussion
Re: Crypto Pyramid Schemes are still Amongst Us
by
BitDane
on 24/01/2020, 12:08:04 UTC
This is new year and i expect newbies to get smarter, be careful of new projects that are nothing but pyramid schemes, Multilevel marketing schemes or pyramid schemes may likewise be utilized to swindle crypto investors. Such new companies guarantee enormous degrees of profitability inside a brief period, and regularly convey different individuals to rope in new members. When the part list gets generous and the fraudsters get a sizeable store, they evaporate, leaving all investors seething. The most ideal approach to distinguish such schemes is to take a gander at the project's experience. Such projects will in general evade any perceived organizations or bureaus and have next to no undeniable foundation data, be very careful and limit your losses this new year, all the best.

I always avoid crypto investment that have referral system.  Though I do not hate this kind of strategy but because with this scheme there are lots of coins or tokens that will be released without supported funds and when it circulate in the market it will automatically devaluate the coins market.  Aside from that many scam company uses this kind of scheme to look for unsuspecting investors.  They blind their supporters by means of reward whenever they refer someone to invest in the project.