My Fiat-to-crypto exchange rate difference for buying and selling can be as high as 5% (not including fees); some P2P alternatives may charge as high as 30% as a premium in places like China where people do not have any other option to buy into crypto! High fee does not a scam make.
For POWH3D, the payout is actually distributed to ALL existing holders EQUALLY, rather than scaling/adjusting the distribution base on early adopters. Not really a pyramid scheme IMO, that is just for satiric effect to poke fun at things. Weather or not the code is "solid", is totally up to the individual to decide (by looking through the code themselves) or wait for an audit by a credible independent source, and to put in what one is willing to risk (just like with any ICOs and cryptos, as a matter of fact). It is also up to the individual to decide if they wish to KNOWINGLY inject into the POWH3D ecosystem, and join the "game", in-spite of the 10% transaction fee considered given the un-promised but obvious "potential" gains to breaking even eventually and beyond. Also, the fact that the developers have chosen to evenly distribute the fees as ETH rather than P3D, seems fair and enticing to me personally. In a way, its like choosing to lock up your ETH funds (like VeChain does), to generate more ETH for yourself over time (via their funny/satire system).
The fact that the P3D team is purposely advertising their game with a pyramid symbol is more of a "feature", rather than a flaw in their "marketing" choice (citing IOTA's FuD)
It is supposed to be a meme coin, and how they choose to promote themselves as should not be taken too seriously. The rules of the game is obvious and clear. Either you choose to play it, or stay away from it, is your choice and yours alone to make -- just like with CryptoKitties.
I guess they send this token to almost everybody but etherscan doesn't show in token transfers window.
I wouldn't use it though, if it has some value I would sell and never look back.
The "JUST powh.io" token we got is just a sneaky advert that they have distributed while at the same time informing the ETH team of the presence of this "exploit" that have enabled then sending their ad-tokens out w/o spending any GAS.
