Bitcoin Forum

As if the very name of the project already pushes bad thoughts. Who would call your bank by that name? Apparently this is a joke, nothing more. Well, it would be possible to somehow tell you what kind of bank it is, what is its advantages.
Piggy Bank, this is epic.

Not only joke but that was a scam one, this service is a very similar as when there was a scam project that offers daily interest. basically this scammer is trying to lure investors to put their money on his wallet and that's it., they can do anything with it just like when CEO of bankera shitscam ico was running away with hundreds of bitcoin.

It looks to me like a Ponzi scheme at the first sight (and I will apologize if it is not one). How does the PiggyToken increase in value, or in other words - where does the service make profit that can be redistributed to users?

Own bank? our wallets are already our own bank so why we have to deposit in your wallet?

I didn't click the link and I'm whoising on when that site has been created but it seems that it is hidden. I'd say that be careful and don't buy the "earn percentage" part of what OP is saying and only use legit wallets to keep your ethereum. Most of those that offers daily percentage and profit are scams.

it is not ponzi. The site says that the maximum risk is 10%.
The smart contract code is open. If you can prove your words about fraud, I will send you 1 Ether.

Yes you are right. This is a joke project. But this does not mean that it does not work. Smart contract works exactly as written on the site.

P.S.
The initial idea of this project was to show that the bank, in principle, is not needed. It can be replaced by a smart contract. Which, unlike a bank, always works the way its creators want it. You can make different conditions of deposits. In this smart contract, the condition is the simplest - the longer you hold a deposit, the greater the percentage. This is not a pyramid.
If you understand Solidity, you can see for yourself. The contract code is open.

I will like not to be prejudice about project like this.  I will like to look into details first be making my judgement.  If this Service is hard coded into smart contrast and I can verify it's authenticity,  I will buy into it!

I totally believe that this is a scam and we should stay away from this garbage. If you are really stupid to transfer ETH to such a piggy bank, then I am sure you will regret it.

Why invest your own ETH, in some uncertain project. It is better to engage in trading on the stock exchange. To analyze and develop on your own, than to later understand that you were simply deceived.

new ponzi under the guise of a bank, there are many projects like this that have trapped and fled all investor assets. but not for now, because everyone is bored and won't be fooled again. we also give each other a warning if a project like this is encountered and we will always fight it to avoid fraud that will occur.

I'll never replace my asset into it, look's not professional and I believe this is not a bank. I don't know other people opinion  but this is not good and can make negative thinking/ impact into another bank platform that legal and have a good system. I'll leave it for my own good and for others never click the link you'll disappointed, trust me. 

I don't think it will stay for a long time because I see many programs like that and in the end, it will run away or close their services like the others. I remember that there is a coin which using the same name of piggy but right now, the coins are only listed on cryptopia ;D I don't want to send my ethereum to that site because I still not sure about the program.

Be careful! Piggy Bank website has a free domain, free hosting and free SSL certificate. I don’t think that a solid project will be created on free basis. Usually such free sites are created for fraudulent purposes.

Bank and cryptocurrency are the words of the oxymoron, this is a fraudulent project I personally do not believe them.

Scammers have every way to scam people. Now, there is this piggybank. It was just a week ago when I saw another similar post. I believe most of us are careful and diligent now but for those who just arrived in this world, do not be fooled by this kind of activity.

Big scammers, nobody is going to give you more Ethers freely. Don't look at this website. Too many scammers are here.

for me this looks like a normal Russian snowball/ponzi system.
as i understand you pying interest rate on the balance ? and fropm where comes the interest rate ?



regards

I don't think this can be said to be a bank. You can say that this is a more suitable loan project. Lend ETH to this platform and then charge some interest on a regular basis? God, I can accept such a business, I can give you a higher interest rate. Do you dare to transfer your ETH to me?