CoinTelegraph - How to tell if a cryptocurrency project is a Ponzi scheme by blockchainhorror

blockchain · @blockchainhorror · Sep 18 '22

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CoinTelegraph - How to tell if a cryptocurrency project is a Ponzi scheme

https://cointelegraph.com/news/how-to-tell-if-a-cryptocurrency-project-is-a-ponzi-scheme
![Screenshot_20220918-183957_Brave.jpg](https://cdn.steemitimages.com/DQmNrT4nwhY6DzwHjuZauw32LxpdgajdYwPTkhFNVEN63R4/Screenshot_20220918-183957_Brave.jpg)

Ponzi crypto schemes always claim to make large payments to investors with little or no risk. Well-known examples are OneCoin and Bitconnect, which have defrauded investors worldwide.

Among other things, signs of a ponzi scheme include complex revenue mechanisms with multiple levels, referral programs, percentages, sliding scales, and other sophisticated tricks without actually doing any business.

Simply put, a ponzi scheme is a fraudulent investment program that uses money raised from new investors to repay previous investors.

Beware of ponzi scams!!

![Screenshot_20211106-080453_DesignEvo.jpg](https://cdn.steemitimages.com/DQmVW7pcfbfJ5xbBPEZK2Ux75TdWPA81F3G6aCnXjdn5by8/Screenshot_20211106-080453_DesignEvo.jpg)

👍 justyy, xiguang, brokenzombie

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