Bitwings promises smartphone that can mine 2 ETH/month. Ponzi scheme?

[friends1980]

I thought I had made the comparison before, but it seems I forgot to add a picture.

Bitwings Logo:


Babylon 5 Shadow:


(yes yes I'll keep my posts in the thread serious from now on, promise)

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[friends1980]

The paid thread bumpers were back for a few days, but it seems they, too, have given up already...

Bitwings ANN thread = officially dead.

[FatFork]

The paid thread bumpers were back for a few days, but it seems they, too, have given up already...

Bitwings ANN thread = officially dead.

Good. It's about time for them to realize that it was in vain.

[Rikafip]

The paid thread bumpers were back for a few days, but it seems they, too, have given up already...

Bitwings ANN thread = officially dead.

I wouldn't celebrate just yet as I don't think this is the last we hear about Bitwings, magic smartphone and all the other products like laptops and tablets that they are developing  They are still pushing that idea in South America, making YouTube videos etc so I think that they will occasionally hire those bumpers too. But even those bumpers were laughable, same as their 2 ETH /month smartphone idea.

It makes zero sense what they are doing, yet they keep going on. It's truly baffling.

[masulum]

Long time not checking the bounty group of bitwings, they tried to change the rules for token distribution, and made re-verification by making a rule to register on their website. They promised to provide bitwings tokens for those who signed up and followed the directions. Hopelessly, I tried to register and follow the instructions. And what surprising me is, they are asked user to make a positive review, and promised an additional 100 BWN, and for member who not make a review, i checked my account still zero BWN, this case also happens to several members that not getting their BWN  

Farhana Meghami Zulhash, [10.08.20 06:02]
Hello. Those of you who haven't done it yet, you can write a review on Bitwings Facebook Page, BTT or any social page and paste the screenshot of the review here with your btt username. You will receive an additional 100 bwn complimentary along with your promised reward as a token of appreciation from Bitwings.

[friends1980]

Well there's the campaign manager talking to his bumping ghosts again.

I've stopped replying and reporting, am thinking it will be actually better if they would just continue like this. The whole thread will serve as interesting proof, if any of the scammed victims will want to continue the discussion before a judge later.

[friends1980]

Well there's the campaign manager talking to his bumping ghosts again.

I've stopped replying and reporting, am thinking it will be actually better if they would just continue like this. The whole thread will serve as interesting proof, if any of the scammed victims will want to continue the discussion before a judge later.

So after posting this ^ I decided to contact Bitwings and ask them if the trolling and bumping in the ANN thread on this forum was part of their marketing strategy.

I have not received any reply as of today, but their campaign manager was last seen online the day after I sent my e-mail, and the thread seems dead (for now).

Now I wonder if there's any link between that and my e-mail.

[Rikafip]

So after posting this ^ I decided to contact Bitwings and ask them if the trolling and bumping in the ANN thread on this forum was part of their marketing strategy.

I have not received any reply as of today, but their campaign manager was last seen online the day after I sent my e-mail, and the thread seems dead (for now).

I did the same thing in the past, when I was checking Bitwings for the first time, and back then they pretended that they don't know what i am talking about. They may have stopped for now but I am pretty sure that sooner or later they will continue with the same practice as they had several breaks like that and always came back.

This has to be probably the weirdest scam I encountered this year, it really doesn't make sense that seemingly legit company is still trying to pull something like this. This is not some scam where team is anon. here everything is known, they still have conferences in South America etc. Then again, Bitconnect was the same and we all know how that ended. Some people just don't care.

[raji1995naya]

This Mine phone was released. And they delivered it to a lot of users. I got this info from their official announcement channel on Telegram.

[raji1995naya]

First things I noticed on their websites:
- ICO
- Bad english language (that is ok because they are located in Spain or South America)
- 100% guarantee emission value
- They guarantee BWN token price  $0.20
- Producing up to 2 Ethereum per month.

Not sure how they can guarantee anything.
It should be examined if they have real connection with wings mobile
https://wingsmobile.com/

I am not sure I can call this a ponzi, bust just a regular risky ICO project.
It is funny they have some concerts like this:  
https://youtu.be/7bzOtGxzjSM

I don't know what is going to happen. But they cut bounty rewards to many hunters by introducing a new rule year after end of the bounty. Their bounty program was over 2019 September or October month. Then Bitwings Team comes up with a new rule in may month(2020). There rule is If any of the participants inactive in the last three months in the bitcointalk forum(The day from their new rule announcement) They wouldn't qualify to receive their reward. So the Bounty manager's final spreadsheet is completely changed and more people were not rewarded.

[Rikafip]

This Mine phone was released. And they delivered it to a lot of users. I got this info from their official announcement channel on Telegram.

This bold part is the key. Just because Bitwings announced something on their telegram channel it doesn't mean that it is true. They have a long history of giving false promises and this is no different. If so many people got their Minephone where are YouTube videos of people using them? I am sure that such a revolutionary smartphone that can mine you 2 ETH per month ( at the moment worth approximately 1300 USD) would create huge hype and everyone would want it. But all I see on YouTube are videos from their  own channel, advertising Minephone.

Basic napkin math tells you that what Bitwings promises is simply not sustainable as they operate as cloud mining. Price  of the smartphone and 1000 MH/s contract for 3 years is 19 ETH (1200 USD for 17 ETH). So, in 6 months you would get your investment back and in the next 30 months you would get 60 ETH extra. You don't have to be a genius to see that this is a ponzi scheme, as only they offer you such profit.

[stompix]

If so many people got their Minephone where are YouTube videos of people using them? I am sure that such a revolutionary smartphone that can mine you 2 ETH per month ( at the moment worth approximately 1300 USD) would create huge hype and everyone would want it.

This is one of the problems with this garbage phone.
The fact that there is absolutely nothing stopping them to do some videos like that, they can even ship some 200$ phones with their own logo and an app to some YouTubers to make a demo in exchange for some $ and there you have it, proof they have a phone! And this will be nothing special, there are hundreds of companies that come up with a prototype, show it to the world, and then eat through billions in funding without delivering anything Faraday Future is one example.

So even if youtube comes and shows a phone with their logo, it means almost nothing compared to their history of deceiving, lying, and hiding facts, besides, they even have some phones one year ago, the ones in their presentation videos, they could easily use those.

Basic napkin math tells you that what Bitwings promises is simply not sustainable as they operate as cloud mining. Price  of the smartphone and 1000 MH/s contract for 3 years is 19 ETH (1200 USD for 17 ETH). So, in 6 months you would get your investment back and in the next 30 months you would get 60 ETH extra. You don't have to be a genius to see that this is a ponzi scheme, as only they offer you such profit.

Hmmm

The shit on their page makes no sense.

Yeah, 1000MH/s would earn you about 72 ETH in 36 months right now, but not for that price, adding that their computations were made when ETH was at ~150 and Inno will be sending a new batch of miners on the market next month, everything is just a fairy tale gone terrible wrong.

[raji1995naya]

This Mine phone was released. And they delivered it to a lot of users. I got this info from their official announcement channel on Telegram.

This bold part is the key. Just because Bitwings announced something on their telegram channel it doesn't mean that it is true. They have a long history of giving false promises and this is no different. If so many people got their Minephone where are YouTube videos of people using them? I am sure that such a revolutionary smartphone that can mine you 2 ETH per month ( at the moment worth approximately 1300 USD) would create huge hype and everyone would want it. But all I see on YouTube are videos from their  own channel, advertising Minephone.

Basic napkin math tells you that what Bitwings promises is simply not sustainable as they operate as cloud mining. Price  of the smartphone and 1000 MH/s contract for 3 years is 19 ETH (1200 USD for 17 ETH). So, in 6 months you would get your investment back and in the next 30 months you would get 60 ETH extra. You don't have to be a genius to see that this is a ponzi scheme, as only they offer you such profit.

As the details, they are on developing their kind of a blockchain named wingschain.It is a complete and innovative validation protocol. I don't know how it's going to be. But I m in touch with their announcement channel.

[carlosarturo28]

Hi!. Have you checked the latest news about this project? No official exchange release date yet... Do you know a youtube channel that can analyze this project and finally expose this scam to Latin America?

[carlosarturo28]

Any news about this scam?

[bakasabo]

What news are you expecting to receive? They have raise funds for development and production, and got away with, scammed investors. They ran a bounty campaign and did not distribute rewards, scammed bounty hunters. Their webpage is down long time ago, part of social media accounts are dead. Their twitter was active year ago and they were promoting their p2e game. Funny how they jumped from a mobile to gaming.

No one is going to expose them. Want to know why? Because their investors are regular people who made small investment. They let this situation go and forget about their $1-1000 invested. People choose to forget that, instead of wasting time find who stole their thousand. Instead, they would rather spend that time earning more. On the hand, cases were scam project owners were caught are so low, that people dont bother about that much.

[masulum]

Any news about this scam?

Is there still hope from Bitwings? If I'm not mistaken, there are hunters who get rewards from bounties through several conditions, I used to try to get my rewards from bitwings, but after I think about it, this will only be a waste of time, so I can forget and don't care about rewards which i should get. After all, it's been several years since this project first appeared and there is no clarity on the project, never mind, nothing to hope for.

Wait a minute, I don't think you're a bounty participant either, or you have an old account that joined this campaign?

[stompix]

Their webpage is down long time ago, part of social media accounts are dead. Their twitter was active year ago and they were promoting their p2e game. Funny how they jumped from a mobile to gaming. that much.

The webpage is not down, it's just that their certificate expired yesterday, the site is still up.
Same for their social media, Twitter was active in February this year, even promoting something big coming back in November and as I check everything from FB, TW, Instagram, YT, all of them are still active, nothing was erased.

And they have a lot of new scams ready, the gaming token, their own smartchain, and some NFT ready to be dropped, so it's not over by a mile.

Wait a minute, I don't think you're a bounty participant either, or you have an old account that joined this campaign?

He doesn't have to be one to call it a scam, maybe he bought the smartphone, or has been tricked into investing some other way, or he just saw it a year ago as per his previous message and asked for more info on it.

[Andam76]

I still save the BWN Token on their website and until now there is no latest update, the last update is 2021, the Telegram group has not had any discussion for years, it's very suspicious, even when I questioned my rights they immediately issued me to the Telegram group.

[FatFork]

At least their ANN thread is locked and, since Bitwings_official left the forum, there are no more paid shills spamming and bumping the Bitwings thread 24/7.
Of course, until they start with a new scam...