zoukcoin (scam) pyramid lending scheme

[Ryman]

I'm following a lot of projects but there are some that I do not understand them, I'm new in this domain and I hope to learn from the best, why zoukcoin official thread was close? I understand is a pyramid scheme but why they close the official thread?
I made this topic special for the newbies like me, stay away newbies from these games that only bring profit to the man who manages them.

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[thetevfik]

Everyone should be prudent about lending platforms.  I trust none of them

[SeveralQ]

Here were the red flags identified by the ConcourseQ community for the Zoukcoin ICO:


• NO TEAM LISTED
• Business Paper makes statements that are frequently made in Ponzi/Lending Scheme: "Lend Zouk Coins (ZUK) and earn up to 47% ROI per month" , "Your journey to financial freedom"
• The earnings model is not clear and refers to earnings from lending or "purchasing Zouk Coins with BTC to leverage the profitability of our volatility software and artificial intelligence trading bots"
• Peer referrals return bonuses of 7%, a classic Ponzi scheme technique
• "Zouk Faucet - get Zouk Coins for free" - Nothing is ever free
• Tokens are sold through BTC but priced in USD
• Token prices more than quadruple during ICO

Read the full due diligence here: https://concourseq.io/Q/ZoukCoin