Post
Topic
Board Altcoin Discussion
Re: Cos Coin - Is this a Pyramid Scheme or something..?
by
TradeCoinD2
on 26/10/2023, 04:48:31 UTC
It's always a good idea to research any cryptocurrency or investment opportunity thoroughly before getting involved. Look for information about the project, its team, and its technology. Check if there's a whitepaper that explains the project's goals and how it works.

Check if the cryptocurrency has an official website or is listed on reputable cryptocurrency platforms and exchanges. Verify its legitimacy from trusted sources like CoinMarketCap, CoinGecko, or major exchanges.

Be cautious of any project that requires you to pay to join or promises high returns with minimal effort. Pyramid or Ponzi schemes often use such tactics.

Please research thoroughly before investing because MLM projects in the cryptocurrency market often only benefit early investors, and the unfortunate outcome is that later investors may lose their entire investment.