Quote from: garbagecoin on Today at 02:22:52 PM

Many altcoins such as FOMO BABY (FOMOBABY) promise to redistribute "tax" (membership fees) from newcomers to existing hodlers. Are these cryptos technically functional? Are they illegal pyramid schemes?

As on the token website:

Quote from: https://fomobaby.app

Fomo Baby was created to keep a reliable price in a volatile market. Strategically designed and judiciously used to increase the price with a smart mathematical rebasing feature implemented in the contract. This smart feature will allow the charts to constantly stay green and cause new investors to Fomo in due to the major incline in price.

I don't see it being worthwhile for a project that flexes its feature based on emotion which is FOMO, meanwhile, even the project has some other features, I don't think it will be standout since all their proposed features already exist within this space. Anyway, I do not comprehend the technicality feasibility, but if you said the are a lot of projects like this, then I believe it is just another worthless project. If you want assurance about the technical functionality of a project, then I believe nothing is better than Bitcoin.

Quote from: garbagecoin on Today at 05:43:25 PM

Cryptos like these are listed on https://coinmarketcap.com/ but seem ignored by well-known crypto enthusiasts. Can somebody shed some light?

Because it's a shitshows of a worthless project. Surely, an experienced enthusiast won't fall for this crap token.