I've got a contact who's very excited about "cos coin", he wanted me to check it out, but it looks very suspect to me:
https://www.cosetek.com/I can't get much clarity on how it works or what it's supposed to do. Does anyone know any more? He says you have to pay to join and those who sign other users up get payed as a reward, which imediatly rings alarm bells.
Yeah and it's almost always what you think it is trust your gut. Anytime you have to pay and get other people to paying to get some sort of pay out is exactly just that a pyramid scheme. First rule of crypto never pay for anything you don't know that works. You said it yourself you don't know how it works but you have to pay. Steer clear.