Mate may I hear your voice if Binomo is scam or not?
For me they look like Binance especially for their personal Verification. But I want to hear your opinion about this.
Binomo is using a different business model and it's not a Crypto Exchange, but a Binary Options broker.
The binary option is you are guessing and bet in some certain period, where the asset price will ends.
Ie: For example, the current price of BTC now is $30K, so I am betting $100, in the next 1 hour. BTC price will be higher than $30k
If I am correct, I will earn $100 (My seed money) and 50-98% profit from my bet value (usually it will be around 80%)
And If I am wrong, I will lose my bet.
So,it's up to you to decide