BOUNTY NBA CLUB offers daily profits, is this a ponzi scheme in the form of NFT?

[ajiz138]

Recently I saw from this bounty that offers daily, monthly to yearly profits by doing MINT NFT, whoever buys NFT will get 5% daily profit and with referrals he will get more percent.

Is this a ponzi scheme?

They say (100% profit)

Reference Link:
https://bitcointalk.org/index.php?topic=5433702.0

Amount Scammed: N/A
Payment Method: N/A
Proof of Payment: N/A

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[nutildah]

I'm gonna go ahead and say yes, it certainly smells like a Ponzi. What gives it away is the fixed, high returns. There's simply no such thing as a guaranteed profit in an investment.

From their self-announced audit, on the first line:

NBA Apes Club is an NFT project that claims to provide 1-5% Daily Interest. There is no clear explanation on how they are able to provide this Daily return.

It would appear there's nothing wrong or highly unusual with their smart contract so it is likely one of those things that works until it doesn't. I recommend staying far away from it and am leaving the campaign manager a neutral tag.

[Saisher]

150% monthly is a big warning site they are no different from HYIP and Ponzi scheme platforms they just integrate the NFT features for NFT investors, and besides they are using copyrighted materials without permission from the NBA organizations, this is how scammers work, they create a trend borrow a brand name and they make it look legal in the eyes of investors.

If you scroll down below you will see the word

Privacy Policy and Terms Of Use

but they are not clickable
Investors should stay away from this project, they are violating trademarks and they work like a Ponzi Scheme.

[John Abraham]

I agree with both of them. Yes, This looks like it's a Ponzi scheme. 150% returns in a month. This is crazy and too good to be true. But this is not how it works. At some point, they will go away with people's money. I believe every Ponzi Scheme are developed to scam peoples. Be aware and do not invest in such schemes. Thanks for sharing this. I know a lot of people won't trust them. But, There are a lot of young peoples on the internet who is looking for making easy money. Those people's fall for traps like this.

[albon]

Recently I saw from this bounty that offers daily, monthly to yearly profits by doing MINT NFT, whoever buys NFT will get 5% daily profit and with referrals he will get more percent.

Is this a ponzi scheme?

To be honest, one of my friends sent me the NBA Apes Club website and I already got a free NFT worth $20 after someone in their support service asked me to post a promotional post on my social media account that has a lot of followers about this project. After that, they asked me for my wallet address, which I connected to their site, and after that, they sent me a free NFT, and after I made a mint for it, the site deducted 20 cents from the BNB fees, and after I made HARVEST for this NFT for a period of several days and collected 0.50, I was able to withdraw them to my trust wallet from the USDT coin successfully, I did not lose anything because I did not invest my money in buying their NFTS. Frankly, their website seems suspicious and there is not enough information about the project team and the source of these weekly and monthly profits. Therefore, it could be a scam Ponzi project that pays these small amounts at the beginning to lure people.

[Getmon]

This time, the con artists are attempting to be more imaginative and deceptive by using NFT and the popular NBA league. But this is another clear ponzi scheme. No legitimate business can pay its investors at a rate of 5 percent per day, regardless of whether it is mining, staking, trading, or anything else.

They will probably also offer a nice bonus for referrals. Additionally, as usual, the early small investors will spread their greediness by sharing their referral links to innocent and greedy individuals.

[aioc]

I tried to check the team page but was triggered to connect the platform to my Metamask which is something I will not do on a platform that has a dubious plan, this project will not last long, one of the prices of NFT is $80k, they only need one big investor to shut down the site, I hope OP will create a flag for this project and give the bounty manager a red trust, I'm sure he knows that this is a scam project but opted to promote this project and hiding behind his disclaimer.

Disclaimer: I am only the Bounty Campaign Manager for this project. I am paid only to manage this bounty campaign. I will not be held responsible  if developers/project team fail to reach their stated goals/obligations to the bounty participants, investors, and everyone else.
Join (on this bounty campaign)or Invest (on their ICO/IDO/IEO) at your own risk.

[John Abraham]

I'm sure he knows that this is a scam project but opted to promote this project and hiding behind his disclaimer.

Disclaimer: I am only the Bounty Campaign Manager for this project. I am paid only to manage this bounty campaign. I will not be held responsible  if developers/project team fail to reach their stated goals/obligations to the bounty participants, investors, and everyone else.
Join (on this bounty campaign)or Invest (on their ICO/IDO/IEO) at your own risk.

Well, If you tag this bounty manager. I would say you have to be fair and do the same with others.
There are other Campaign managers as well who have managed such campaigns and bounty campaigns. Those campaigns turn out a scams.
Yeah, I believe there are differences between this Ponzi scheme and other shitcoin bounties. But, Most of us know that 90% of those shitcoins will vanish.

[ajiz138]

I'm gonna go ahead and say yes, it certainly smells like a Ponzi. What gives it away is the fixed, high returns. There's simply no such thing as a guaranteed profit in an investment.

It's true that in any investment there is no guarantee about profit margins so it's clear this is a ponzi scheme that they created with the NFT concept (maybe it's still popular at the moment).

I tried to check the team page but was triggered to connect the platform to my Metamask which is something I will not do on a platform that has a dubious plan, this project will not last long, one of the prices of NFT is $80k, they only need one big investor to shut down the site, I hope OP will create a flag for this project and give the bounty manager a red trust, I'm sure he knows that this is a scam project but opted to promote this project and hiding behind his disclaimer.

Disclaimer: I am only the Bounty Campaign Manager for this project. I am paid only to manage this bounty campaign. I will not be held responsible  if developers/project team fail to reach their stated goals/obligations to the bounty participants, investors, and everyone else.
Join (on this bounty campaign)or Invest (on their ICO/IDO/IEO) at your own risk.

Please check it out but don't connected directly to Metamask on this site, it will be very dangerous if one day there is an asset drain and this we often see how hackers can do this behind fake projects.
The NFT price of $80,000 Daily revenue 5% Pre day is ridiculous, and you are right in saying that if one of them enters they can leave with the money they brought.

I'll be waiting for the bounty manager to clarify on this, although hiding behind a disclaimer I need to know if he doesn't know or is pretending to be behind it.

[ScamViruS]

150% monthly is a big warning site they are no different from HYIP and Ponzi scheme platforms they just integrate the NFT features for NFT investors, and besides they are using copyrighted materials without permission from the NBA organizations, this is how scammers work, they create a trend borrow a brand name and they make it look legal in the eyes of investors.

They have created this website using NFT according to current trends. Because no one invests in those old scam HYIP websites anymore, so they try to come up with something new. It is important to see what is the earning source of this project so that they can give such a huge return to their investors monthly, because it is difficult for any project to give such a huge return. So there is no doubt that this is a Ponzi scheme.

[AnonBitCoiner]

Recently I saw from this bounty that offers daily, monthly to yearly profits by doing MINT NFT, whoever buys NFT will get 5% daily profit and with referrals he will get more percent.

Is this a ponzi scheme?

They say (100% profit)

Reference Link:
https://bitcointalk.org/index.php?topic=5433702.0

Amount Scammed: N/A
Payment Method: N/A
Proof of Payment: N/A

First of all I want to inform that I have locked bounty Thread and moved to archived and stopped bounty. I worked with same kind of other project for three which is till alive. This project was totally free and I told all Hunters to just claim free Nft and always disconnect your metamask after every claim. There are so many bounties which totally scammed not only hunters but they scam Investor but not tag so far.
No bounty Hunter invested any cents here so kindly remove tag and next time I will be more careful and will ask senior before launching any compaign.

[Husires]

they sent me a free NFT, and after I made a mint for it, the site deducted 20 cents from the BNB fees, and after I made HARVEST for this NFT for a period of several days and collected 0.50, I was able to withdraw them to my trust wallet from the USDT coin successfully, I did not lose anything because I did not invest my money in buying their NFTS. Frankly, their website seems suspicious and there is not enough information about the project team and the source of these weekly and monthly profits. Therefore, it could be a scam Ponzi project that pays these small amounts at the beginning to lure people.

As long as they paid, we cannot say that they are scammers, them APY activity is suspicious, and therefore it is an unsafe investment or closer to Ponzi project, but what puzzles me is, does this NFTs have value outside their site?
You mentioned the phrase several days, so claiming to be able to earn 1% daily on every $20 NFT is a marketing ploy?
We cannot blame the participants in the campaign and we cannot prove that it was a scam.

[holydarkness]

First of all I want to inform that I have locked bounty Thread and moved to archived and stopped bounty. I worked with same kind of other project for three which is till alive. This project was totally free and I told all Hunters to just claim free Nft and always disconnect your metamask after every claim. There are so many bounties which totally scammed not only hunters but they scam Investor but not tag so far.
No bounty Hunter invested any cents here so kindly remove tag and next time I will be more careful and will ask senior before launching any compaign.

I'm a bit piqued by your claim that you're currently working with three same projects --which still live-- because peeking at your thread history, I can only find one. True, you have three threads, but they're all coming from the same project, NBA APE. I even peeked at your telegram channel and didn't find other projects that could help us determine if you put some effort on conducting DD before accepting the job or just blindly accept them. I asked because if we have to rely on this one project, it's almost clear you couldn't bother to consider if the project would be a money grab or not because IMO, this banner only should be enough to raise your suspicion:


[Source:https://archive.ph/L4zH6]

yet you accepted the job.

I'm not leaving you with negative or neutral because I think you deserve a second chance and a benefit of doubts --also, you should be glad nutildah's tag is neutral instead of negative-- but next time you accepted BM job and it has several red flags again, well...

Oh, by the way, it's not "senior" duty to help you determine if a project is good or not. You're the one applying for a job to manage their bounty, not them. It should be you who run the initial DD instead of asking for senior's opinion for future campaign.

[AnonBitCoiner]

I'm a bit piqued by your claim that you're currently working with three same projects --which still live-- because peeking at your thread history, I can only find one. True, you have three threads, but they're all coming from the same project, NBA APE. I even peeked at your telegram channel and didn't find other projects that could help us determine if you put some effort on conducting DD before accepting the job or just blindly accept them. I asked because if we have to rely on this one project, it's almost clear you couldn't bother to consider if the project would be a money grab or not because IMO, this banner only should be enough to raise your suspicion:


[Source:https://archive.ph/L4zH6]

I have not launched compaign for other. I launched compaign because I recieved $ instantly without any investment. I just launched for hunter benefits because withdraw is instant and there ai also rule for crypto to connect new wallet to the these sites which ask for wallet connect.

yet you accepted the job.

I'm not leaving you with negative or neutral because I think you deserve a second chance and a benefit of doubts --also, you should be glad nutildah's tag is neutral instead of negative-- but next time you accepted BM job and it has several red flags again, well...

Oh, by the way, it's not "senior" duty to help you determine if a project is good or not. You're the one applying for a job to manage their bounty, not them. It should be you who run the initial DD instead of asking for senior's opinion for future campaign.

I have been given very small $. If I know that this will happen I would never accept because it's totally damage my reputation. I saw same kind of project which I don't want to mention but you can find it in bounty section. If I have been sent one personal message or telegram contact by post (OP) I would stop bounty.

[nutildah]

Well, If you tag this bounty manager. I would say you have to be fair and do the same with others.
There are other Campaign managers as well who have managed such campaigns and bounty campaigns. Those campaigns turn out a scams.
Yeah, I believe there are differences between this Ponzi scheme and other shitcoin bounties. But, Most of us know that 90% of those shitcoins will vanish.

The main difference is there's no way to offer a high fixed rate of return like this w/o the project being a Ponzi scheme, so it is 100% a scam.

With most other bounties and even sig campaigns there's no surefire way to know its a scam project; people can only have hunches. Like the signature you're currently wearing, for instance. I would never use that service in a million years but I don't know for sure its a scam.

I have been given very small $. If I know that this will happen I would never accept because it's totally damage my reputation. I saw same kind of project which I don't want to mention but you can find it in bounty section. If I have been sent one personal message or telegram contact by post (OP) I would stop bounty.

If this project had an ANN thread it would assuredly be moved to Investor-Based Games in the Gambling section with all the other Ponzis, and again that is because of the high fixed rate of USD return. Because of your willingness to stop promoting the project I will rewrite the neutral. Its still obvious you purchased this account because you are using its advanced age to give whatever project you are promoting more credibility. Meanwhile you actually have zero credibility and very limited knowledge of cryptocurrency.

[albon]

As long as they paid, we cannot say that they are scammers, them APY activity is suspicious, and therefore it is an unsafe investment or closer to Ponzi project, but what puzzles me is, does this NFTs have value outside their site?

True, there is no evidence of their scam, yes their APY activity looks suspicious, and everyone who wants to invest in their project should do his own research, they have a collection of monkeys NFTs on Opensea and the NFT floor price is equal to 0.0041BNB /1.19USD

Check out: https://opensea.io/collection/nba-apes-star-club

You mentioned the phrase several days, so claiming to be able to earn 1% daily on every $20 NFT is a marketing ploy?

Through the free NFT, they sent me, which they said was worth $20, which gives me 1% Perday, I was able to get $0.10 of daily revenue, I collected $0.50 in five days, and I was able to withdraw them, as I said earlier.

Today I will try to withdraw 0.50 USDT again, After I reach the minimum withdrawal limit, I will edit this post and put a screenshot of the withdrawal proof.

#Edited:

We cannot blame the participants in the campaign and we cannot prove that it was a scam.

Yes, even the manager of the Bounty, we also cannot blame him, as he wrote at the end of the Bounty topic the disclaims his responsibility, so everyone who participates in any Bounty or invests in any project must be careful and conduct his own research, and if there is no conclusive proof, then I support the well-known legal doctrine of presumed innocent until proved guilty.

[yhiaali3]

Yes, even the manager of the Bounty, we also cannot blame him, as he wrote at the end of the Bounty topic the disclaims his responsibility, so everyone who participates in any Bounty or invests in any project must be careful and conduct his own research, and if there is no conclusive proof, then I support the well-known legal doctrine of presumed innocent until proved guilty.

Yes, the campaign manager does not take full responsibility. The participating members have to DYOR themselves and not wait for the campaign manager to tell them that this project is fraudulent.

But at the same time, the campaign manager bears part of the responsibility because he must maintain his reputation in the forum by doing a little research before accepting the campaign management of any project. This is a moral and professional responsibility and is linked to his reputation in the forum.

Such projects could tarnish his reputation in the forum and give him negative comments that prevent him from running any campaign in the future.

[holydarkness]

As long as they paid, we cannot say that they are scammers, them APY activity is suspicious, and therefore it is an unsafe investment or closer to Ponzi project, but what puzzles me is, does this NFTs have value outside their site?

True, there is no evidence of their scam, yes their APY activity looks suspicious, and everyone who wants to invest in their project should do his own research, they have a collection of monkeys NFTs on Opensea and the NFT floor price is equal to 0.0041BNB /1.19USD

Check out: https://opensea.io/collection/nba-apes-star-club

You mentioned the phrase several days, so claiming to be able to earn 1% daily on every $20 NFT is a marketing ploy?

Through the free NFT, they sent me, which they said was worth $20, which gives me 1% Perday, I was able to get $0.10 of daily revenue, I collected $0.50 in five days, and I was able to withdraw them, as I said earlier.

Today I will try to withdraw 0.50 USDT again, After I reach the minimum withdrawal limit, I will edit this post and put a screenshot of the withdrawal proof.

#Edited:

Just... curious, are you familiar with ponzi scheme? If you don't, allow me to serve you a snippet of what wiki said about this invention by Charles Ponzi,

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Yes, you got paid as you're one of the early investors, but sooner or later their fund reservoir will come to an end, or they thought they've got enough funds from those paying investors, so they ran with the money.

If I may give a friendly advice dear, maybe you want to stop with this "they're paying, I have proof" charade, lest people think you're supporting them --which, if we may be honest, in a way, you are-- and you got dragged into the mud.

We cannot blame the participants in the campaign and we cannot prove that it was a scam.

Yes, even the manager of the Bounty, we also cannot blame him, as he wrote at the end of the Bounty topic the disclaims his responsibility, so everyone who participates in any Bounty or invests in any project must be careful and conduct his own research, and if there is no conclusive proof, then I support the well-known legal doctrine of presumed innocent until proved guilty.

I call this a fool's statement. As I've stated several times accross this forum, just because you put a disclaimer at the end of your post that you're just managing someone's project, it doesn't mean you shouldn't be held responsible to a degree if the project you managed turned south.

You accepted the job, you're the one introduced the project into the community, you're the first layer of security of this forum against scammers. You should at least do a preliminary DD and see how credible the project is before introducing and managing it, and if they have red flags yet you accepted it, you should take a share in responsibility if the project is a scam.

If just by writing a disclaimer then you're free of any consequences, then what's so difficult about being a BM? Why can't I --or someone else-- just made a pure BS project with fake team and all the red flags, promote it on this forum and wrote my disclaimer saying --and lying-- that I'm just a BM, not part of the team, then I'll be free from all of the consequences.

A good BM always do their own DD.

[albon]

Just... curious, are you familiar with ponzi scheme? If you don't, allow me to serve you a snippet of what wiki said about this invention by Charles Ponzi,

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Yes, you got paid as you're one of the early investors, but sooner or later their fund reservoir will come to an end, or they thought they've got enough funds from those paying investors, so they ran with the money.

If I may give a friendly advice dear, maybe you want to stop with this "they're paying, I have proof" charade, lest people think you're supporting them --which, if we may be honest, in a way, you are-- and you got dragged into the mud.

Dude, you may not have read my post above. In any case, I do not support them and I do not know their project or the team behind this project. And yes, their project is a Ponzi project, as I mentioned earlier. There is no doubt about that, and these are the proofs of payment that I shared. It is just proof that they paid me, but it is not proof that they are honest.

Frankly, their website seems suspicious and there is not enough information about the project team and the source of these weekly and monthly profits. Therefore, it could be a scam Ponzi project that pays these small amounts at the beginning to lure people.

I call this a fool's statement. As I've stated several times accross this forum, just because you put a disclaimer at the end of your post that you're just managing someone's project, it doesn't mean you shouldn't be held responsible to a degree if the project you managed turned south.

You accepted the job, you're the one introduced the project into the community, you're the first layer of security of this forum against scammers. You should at least do a preliminary DD and see how credible the project is before introducing and managing it, and if they have red flags yet you accepted it, you should take a share in responsibility if the project is a scam.

If just by writing a disclaimer then you're free of any consequences, then what's so difficult about being a BM? Why can't I --or someone else-- just made a pure BS project with fake team and all the red flags, promote it on this forum and wrote my disclaimer saying --and lying-- that I'm just a BM, not part of the team, then I'll be free from all of the consequences.

A good BM always do their own DD.

Your words are somewhat logical, it is clear that the BM did not know whether the project was a scam or not before he managed its bounty on this forum, because after he saw this topic against the NBA CLUB project, he immediately closed the bounty topic to prevent new participants from joining, I do not know the manager of this bounty personally, but I hope that he does not repeat this mistake again and that he does his research in order to preserve his reputation. As you mentioned, disclaiming responsibility is not alone enough to clear himself. Thank you for the clarification  

[holydarkness]

Just... curious, are you familiar with ponzi scheme? If you don't, allow me to serve you a snippet of what wiki said about this invention by Charles Ponzi,

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

Yes, you got paid as you're one of the early investors, but sooner or later their fund reservoir will come to an end, or they thought they've got enough funds from those paying investors, so they ran with the money.

If I may give a friendly advice dear, maybe you want to stop with this "they're paying, I have proof" charade, lest people think you're supporting them --which, if we may be honest, in a way, you are-- and you got dragged into the mud.

Dude, you may not have read my post above. In any case, I do not support them and I do not know their project or the team behind this project. And yes, their project is a Ponzi project, as I mentioned earlier. There is no doubt about that, and these are the proofs of payment that I shared. It is just proof that they paid me, but it is not proof that they are honest.

Frankly, their website seems suspicious and there is not enough information about the project team and the source of these weekly and monthly profits. Therefore, it could be a scam Ponzi project that pays these small amounts at the beginning to lure people.

Yes, but keep posting your payment proofs [it's plural] would gave people idea that they're --still-- paying. If I may be nosy, what's the reason behind these payment proof anyway? To show that they're still paying up to this day? And what exactly do you think would happen and what newbies would think when they saw those payment proof? Exactly?

I call this a fool's statement. As I've stated several times accross this forum, just because you put a disclaimer at the end of your post that you're just managing someone's project, it doesn't mean you shouldn't be held responsible to a degree if the project you managed turned south.

You accepted the job, you're the one introduced the project into the community, you're the first layer of security of this forum against scammers. You should at least do a preliminary DD and see how credible the project is before introducing and managing it, and if they have red flags yet you accepted it, you should take a share in responsibility if the project is a scam.

If just by writing a disclaimer then you're free of any consequences, then what's so difficult about being a BM? Why can't I --or someone else-- just made a pure BS project with fake team and all the red flags, promote it on this forum and wrote my disclaimer saying --and lying-- that I'm just a BM, not part of the team, then I'll be free from all of the consequences.

A good BM always do their own DD.

Your words are somewhat logical, it is clear that the BM did not know whether the project was a scam or not before he managed its bounty on this forum, because after he saw this topic against the NBA CLUB project, he immediately closed the bounty topic to prevent new participants from joining, I do not know the manager of this bounty personally, but I hope that he does not repeat this mistake again and that he does his research in order to preserve his reputation. As you mentioned, disclaiming responsibility is not alone enough to clear himself. Thank you for the clarification  

Your post just made it worse for the BM in question, because it gave an impression that the BM just blindly accepted the job without even looking for every single aspect he can, while the banner I quoted on my first post on this thread clearly shows a red flag.

Dozens of BM out there --good and examplary BM-- took their time to consider accepting the job. I know one by name --which I won't mention here-- that reads all of their WP and check team background prior to accepting. I also know one who check their participants post, every single one of them, made a note on what to improve and even made a demographic of their post spreads on the forum boards --again, not mentioning name, but I'm still very much impressed by that work-- to ensure that the project he managed reached as much visibility as it can get. And that is how people should manage bounty.

Just saying.


Anyway, I'm not trying to be your enemy here. Like I said previously, it was a friendly warning; stop posting payment proof as people could be misled by those screenshots.