I've recently been to a conference about vitae without knowing much about it before. After 10 min it was very easy to conclude already that vitae is 1 big scam. The presenter was your typical snake oil seller.
He started with telling how many poor people there is in the world and they will give the chance to every poor person to make 0.02$ per "like" on an advertisement on their social media platform(did not see any platform).
Then there was 90 min of talking how you can make insanely high amounts of money by not doing anything other than bringing in people to vitae. With a complex social reward system, like filling in a matrix, buying units to get more likes and so on. He literally said, by just spending 2 hours a day liking ads you will make around $50/day, but with sharing and commissions you can basically make millions in a year if you are one of the first members. This is your typical scam we've seen so many times.
They make people believe advertisers will play Santa Claus. Advertisers have only 1 goal, that's making more money, make more people buy their product or get name recognition. First of all, no advertiser will pay to advertise on a platform with no users. And no user will come to vitae without being able to make money. But the only way the users can make money is having ads on their platform.
Vitae is doomed and is lying to people how to get rich by not doing anything because that's what people like to hear. Get rich with little work.
He kept on telling they are still in beta and is not open to free users yet, if you want to try everything out you have to pay $200 first...
Obviously he kept repeating that when they go live, everything is free. (obviously they will never go live because there wont be any advertisers)
Right now they keep pushing people to share Vitae and attract more early beta members and invest in Vitae token.
Now more about vitae token...
Here you can see the biggest receiving amounts to an address;
http://explore.vit.tips:8181/richlistThere is only 20million in vitae tokens right now... so here we can see for example that there has been a 5.66 million vitae transfer. Obviously that's one of the creators and what you think will happen if that gets sold?
Vitae is nothing more then an exit scam.
