333 ETH? a ponzi scheme?

[GymClassHeroes]

Ethereum-based Decentralized  333ETH has been flagged as a possible ponzi scheme. The scheme promises a 3.33% daily interest and has gotten the attention of a lot of "investors'. That is quite high in my opinion, what is your opinion on this?Is this another 'bitconnect' kind of game that gave cryptos a bad name earlier this year? 

Source:
https://www.cryptoglobe.com/latest/2018/09/popular-ethereum-based-dapp-flagged-as-fraudulent-ponzi-schame/

[opalet]

On how many I understood the contract is not checked yet. In that case there is no confidence that organizers will not take away all investments and will not disappear with them. So until as the contract for me will not be checked this project is roguish for all 100%

[vvalaby]

I it is fair to admit saw already this project. It very much it is similar to a pyramid. All it seems as on the smart contract, but very big temptation to take away all money and to disappear.

[LiluSG]

I think this is another divorce. You can not make money out of thin air, the first sign that you will be deceived. In some pyramids can start first and have time to get out with a profit, but why? This is a big risk

[cissrawk]

More than 3% daily passive income, definitely 100% ponzi, imo. People should not investing on this scheme, even if this give high return but it will become scam.

[Kofiy]

This will also ends like Bitconnect, few early members will first of enjoy the scheme before other will get burn.

[siddartha1492]

Remember a golden rule in the world of online income. "If any project promises a certain % of profits in a certain duration then it is certainly a ponzi scheme". So no matter how profitable, clean or popular a project is; but if it follows the above golden rule then just avoid it. The project you mentioned above is promising 3.33% daily. A real project can not make such promises. So well, you got the idea.

[Herbert2020]

apart from such projects being pure scams and ponzi schemes you should also consider the fact that paying that much profit to people will crash its market! imagine you have some token that you receive 3% profit on it on a daily basis. by the end of week 1 you would have a huge amount of that token which then you can simply sell (dump) on the market and get the pure profit out without even touching your tokens.
and you are not going to be the only one doing it! so what happens is that this dump simply crashes the market.

in other words even if it wasn't a scam, such plans wouldn't even be profitable because of that crash.

[dappbridge]

Other alternatives with sustainable models are available such as: https://bankofeth.app - works with MetaMask and also doesn't over promise on crazy returns

[Enataramel]

It is deception of all people. This project was made by creators of the Ponzi Trust project. Here at a forum there is an exposure with their scheme of deception.

[gefander]

Of course, they always promise sky-high amounts in order to take advantage of greedy people. Of course such schemes are illegal, governments are fighting them, but it is almost a lost battle, because they grow like mushrooms. Warn everyone you know that participation in such pyramids is the only way to get into their pocket.

[Fordrellador7]

Of course, they always promise sky-high amounts in order to take advantage of greedy people. Of course such schemes are illegal, governments are fighting them, but it is almost a lost battle, because they grow like mushrooms. Warn everyone you know that participation in such pyramids is the only way to get into their pocket.

Hello my friend, Today, Metamask unblock 333eth.io from his blacklist! Now, crypto currency comunity decides that is legal, ponzi, game, and other Legal society scheme! Because his source code will already opened at Github! And all investors happy! This is TRUE Dapp!

[linkybit]

3.3% daily is clearly not to believe possible for any real scheme, better stay away from these types of projects to avoid the loss.

[gefander]

Of course, they always promise sky-high amounts in order to take advantage of greedy people. Of course such schemes are illegal, governments are fighting them, but it is almost a lost battle, because they grow like mushrooms. Warn everyone you know that participation in such pyramids is the only way to get into their pocket.

Hello my friend, Today, Metamask unblock 333eth.io from his blacklist! Now, crypto currency comunity decides that is legal, ponzi, game, and other Legal society scheme! Because his source code will already opened at Github! And all investors happy! This is TRUE Dapp!

This is a serious violation of the laws of many countries, so this behavior can attract attention to them and make them responsible. But still they are not to blame, lol it is as if to blame the whole network that they are scammers. They just do they work.

[YuginKadoya]

Pretty pretty obvious of a scam or a fraudulence sign is getting in the air with this kind of thing especially the amount you can get in engaging in this kind of activity,

Well indicating that it will give ETH as a reward this sum of amount is very suspicious indeed, It might victimize many newbies or veteran aswell if hes not cautious in joining in these kind of sheme.

[Kemileye]

Anybody that promise to give such percentage as return on investment is actually a scammer. I think we have had enough of this ponzi scheme in the crypto world and all of them have failed. Its actually left to people to decide whether they will invest in another pyramid scheme or not.

[Quitthis]

More than 3% daily passive income, definitely 100% ponzi, imo. People should not investing on this scheme, even if this give high return but it will become scam.

If its too good to be true than is a scheme

[tycsols]

Obviously if a project is peomising you a fixed daily return without known or legit source of profit then definitely it is a ponzi scheme and it is your reponsibility to not only stay away from such programs but also warn everyone to not invest any penny in such programs.

[gefander]

Pretty pretty obvious of a scam or a fraudulence sign is getting in the air with this kind of thing especially the amount you can get in engaging in this kind of activity,

Well indicating that it will give ETH as a reward this sum of amount is very suspicious indeed, It might victimize many newbies or veteran aswell if hes not cautious in joining in these kind of sheme.

I totally agree, it's so obvious it only works on fools. You need to drink heavily to complete the obfuscation to become a member of such schemes. Or being a greedy fool.

[tamango]

Pyramid or Ponzi scheme for sure.. no-one can insure 3,33% daily with any method..... do not waste your money with this trash...