[SCAM] Ethernity ponzi scheme smart contract

[dkbit98]

What happened: Ethernity is new ponzi scheme ethereum smart contract with returns from x3 to x6 times!

Website: https://ethernity.digital/
Archive: http://archive.vn/BviMh
ANN topic: Not found

Ethernity smart contract address:
https://etherscan.io/address/0x7fa918Ad0E98Ff127668A638A66454A8fd67B92a

Domain Name: ethernity.digital
Registry Domain ID: 36aa83cbca2b4eaaaff86d16ca6a1d8c-DONUTS
Registrar WHOIS Server: whois.namecheap.com
Registrar URL: https://www.namecheap.com/
Updated Date: 2020-06-29T03:13:29Z
Creation Date: 2020-06-24T03:13:01Z
Registry Expiry Date: 2021-06-24T03:13:01Z
Registrar: NameCheap, Inc.

[Rikafip]

So one more Ethereum based ponzi scheme, quiet a few of us those appeared lately, and when bull run starts, we can expect even more.

I find it interesting how those scammers usually rationalise and defend their scammy projects with classic line "it is not scam, because it is smart contract based and on Ethereum". They somehow think that if it's blockchain based that it can't be scam. Or at least they think people will buy that "logic".

[CucakRowo]

After i read their programs (as displayed in their UI ). main point is, they offer a MLM system. But there's a difference. When using MLM system, then at least there is an offered product (in physically). While ethertinity doesnt have that phisically product. They offer a form of investment, selling a dream and promising high profit (income) without any phisically product. Usually this kind of activities will ended as a scam.

Btw, based on their downline system. This ethernity has similarities with MMM.

[TalkStar]

So one more Ethereum based ponzi scheme, quiet a few of us those appeared lately, and when bull run starts, we can expect even more.

Basically scammers don’t wait for bull run where they strongly believe that their unrealistic return plans have enough strength to get some fools. Yeah its true that during bull run some holders like to join crypto investment field with the extra amount but project like this is always should be out of choice list.

They offer a form of investment, selling a dream and promising high profit (income) without any phisically product. Usually this kind of activities will ended as a scam.

Presenting new type of investment is one of their common weapon and its the way by which they want to create trust among crypto investors. Scammers know that after getting bad experience from most common scam projects like ponzi, hyip, fake airdrops people will not gonna waste their money again and in a situation like this slightly different project can increase the chances of having new investors.