Why do I feel the reward scheme that you applied to this project is so risky? The scheme that you apply is very similar with MLM distribution scheme and monthly rewards percentage that you apply is similar to the ponzi scheme system? Or perhaps i'm wrong?
I have the same feeling as well, this project indeed looks dodgy and I see several red flags here:
- They are going into IEO while not revealing the team behind this
- OP of their ANN (@emmagloty5) has a history of ponzi promotion and shilling.
- They promise from 5% to 25% monthly reward in their tokens. I expected that value of those tokens will go down at least as much each month, as there is no use case for it.
- Last but not the least, mostly newbie accounts showing interest in this, and we all know what that usually means (most likely bumping service)