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September 08, 2017, 05:35:13 AM |
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Ultimately, ATC Coin is marketing itself as India’s answer to bitcoin. That sounds good – until you realize that ATC Coin is essentially a multilevel marketing scam with no real-world applications. The only “application” for ATC Coin is to recruit new members into the company. No products or services are being sold here – you’re just selling memberships.
There’s also the problem that ATC Coin uses fraudulent marketing tactics to convince people about the value of the currency. The website has a “Legends Involvement” page, for example, where it mentions that Bill Gates, Warren Buffett, and other big investors are all involved with the organization. That’s a straight-up lie.
When a company doesn’t offer any products or services, and props itself up just with new members, we call that a pyramid scheme. Until more information about ATC Coin is available online, this appears to be a pump and dump digital currency scam marketed to Indians who have heard of bitcoin – but don’t know how to invest in it.
This is my conclusion about ATC coin
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