What you think about this ponzi scheme ?

[Cryptored205885]

Found another ponzi scheme where you lock your funds and get rewards for the lifetime i am sure its a kind of scam but those who ape in early on the scheme get good profit in 2021 there's a project called baked beans i get 40% profit of my investment and in 3 4 months that project crashed and now a days MINU with the marketcap of 6Million is trending and people took huge profit from it now there a project called MPEPE follow the same steps i am thinking to  invest in that project on early stages and get profit from it i know later on its also gonna crash but if i ape in early it might give me good profit so what you guys think i am in the right direction or not ?

Website: https://minerpepe.com/

[1715617447]

1715617447

[BitMaxz]

How did you find this site?

It looks like a cloud-mining but why the theme is Pepe token but it asking for a BNB?

According to Whois it is a month-old site and I don't see anything interesting on the site but it asks for a wallet to connect obviously this is a scam phishing site if you attempt to connect your wallet to this site all your funds will be stolen.
So you are in the bad direction or are you trying to get a link here?

[Z.H.I.E.N.D]

How did you find this site?

It looks like a cloud-mining but why the theme is Pepe token but it asking for a BNB?

According to Whois it is a month-old site and I don't see anything interesting on the site but it asks for a wallet to connect obviously this is a scam phishing site if you attempt to connect your wallet to this site all your funds will be stolen.
So you are in the bad direction or are you trying to get a link here?

I'm sure it's his site bro, I know MINU and how they develop their projects even I also invested some time ago and got 5x from my investment. Most likely he wants to profit from the current cloud mining trend in meme tokens, look at his profile, he only has 1 activity and 1 post. More clearly, you can see this project on poocoin, there is no liquidity, this makes me even more suspicious that he is the developer.

Z.H.I.E.N.D

[Xal0lex]

It looks like a cloud-mining but why the theme is Pepe token but it asking for a BNB?

Because this token is made on the BNB blockchain. You can find a link to bscscan on the website - Miner PEPE (mPEPE) Token Tracker | BscScan.

...but it asks for a wallet to connect obviously this is a scam phishing site if you attempt to connect your wallet to this site all your funds will be stolen.

I connected to this site using MetaMask, nothing stolen. I'm not calling for the same thing to happen again. DYOR.

As for the token itself, it is impossible to buy it. Pancakeswap, to which the site links to buy this token, gives the error "Insufficient liquidity for this trade".

By the way, this site offers to mine BNB and Cake in addition to the mPEPE token.

[Makus]

All these ponzi are designed in a way that, all those who came early will definitely get their reward but after a while, when the project has gained enough participate, it crashes and run away with all their money, this has been going on for years and those who are into crypto trading just hopes they don't come across those shitcoins. due to the nature of some altcoins that why I decided to keep off from altcoins and remain faithful to Bitcoin investment. Even with your research and study you could still fall for shitcoins and that is very irritating.

[Sophokles]

Why you have mentioned about a project from 2021! Its been a long time and i don't think those scammers are using the same tactic anymore. But no matter what all these Ponzi projects give some rewards to the extremely early investors but these are well known methods in the industry already and there have been new developments, so scammers are also becoming innovative. I saw a scam tactic where they send NFTs in layer 2 then trade them in the marketplace to show they are valuable NFT.

[goaldigger]

Once you detect a ponzi scheme project, why still bother to analyze it?
I skip this kind of project right away and mind you, they are still growing and they are using a different strategy now to attract investors so be cautious when you are investing on a project that you are not familiar yet because it can be a ponzi scheme as well, better to invest on a established project already and be more safe.

[bitzizzix]

Ponzi schemes are very popular with people who don't have enough knowledge and don't know the Ponzi system and how it works and hope to get big results instantly, and this happens a lot to beginners due to lack of knowledge and experience.
Currently, many projects are designed as beautifully as possible to look convincing only to attract investors to get involved in them and after that they disappear as if swallowed by the earth and take all the money of the investors involved without returning. So actually the fault lies with those who are easily tempted without doing thorough research before getting involved because they have to always be wary of shitcoins and have to do research first before getting involved, and I personally am not at all interested in all shitcoins.

[wheelz1200]

Found another ponzi scheme where you lock your funds and get rewards for the lifetime i am sure its a kind of scam but those who ape in early on the scheme get good profit in 2021 there's a project called baked beans i get 40% profit of my investment and in 3 4 months that project crashed and now a days MINU with the marketcap of 6Million is trending and people took huge profit from it now there a project called MPEPE follow the same steps i am thinking to  invest in that project on early stages and get profit from it i know later on its also gonna crash but if i ape in early it might give me good profit so what you guys think i am in the right direction or not ?

Website: https://minerpepe.com/

Of you knowingly enter a ponzi you deserve to lose all of your money for 2 reasons.  One you perpetuate these kinds of scams by making it worthwhile and second because you already know it's a scam.  You hope to get in only to have some poor sucker behind you lose tjeor money.  Either way it's shameful.

[Patikno]

Once you detect a ponzi scheme project, why still bother to analyze it?
I skip this kind of project right away and mind you, they are still growing and they are using a different strategy now to attract investors so be cautious when you are investing on a project that you are not familiar yet because it can be a ponzi scheme as well, better to invest on a established project already and be more safe.

He knows this project uses a Ponzi scheme, but because he sees an opportunity there, he intends to invest there, the law that applies in Ponzi schemes is "Whoever comes first, gets the profit".

[Husires]

I connected to this site using MetaMask, nothing stolen. I'm not calling for the same thing to happen again. DYOR.

As for the token itself, it is impossible to buy it. Pancakeswap, to which the site links to buy this token, gives the error "Insufficient liquidity for this trade".

By the way, this site offers to mine BNB and Cake in addition to the mPEPE token.

Did you connect a wallet containing crypto with a service claiming that it may offer miners a 12% daily return in BNB and MPEPE tokens? This is a scam. If it is in BNB and if it is in MPEPE tokens, then there will most likely be no demand for this token, so you will get an error of “nonexistence.” Sufficient liquidity because everyone is selling and no one is buying. In any case, you will be scammed if you deposit money with the smart contract.

[glendall]

There's no need to analyze too deeply if you already know from the start that it's a Ponzi scheme, because it doesn't matter in the crypto world, in the real world, the one at the top and main , will win and the one at the bottom will die, just avoid it and don't care because it won't be profitable for us.

[Moreno233]

I have nothing to say about ponzi schemes other than confirming to you that it is a scam in the form of pyramid. They ultimate purpose is to scam people. They operate by paying the early investors who go about sharing the testimony of their payment to others and on social media. The new investors come back with fresh capital while the old investor re-invest their capital plus profits and even add more money to satisfy their greed level. At they end both the old investors and new investors are left with nothing. The only people that will escape are the lucky people and those who knew it was ponzi scheme all along and decided to take their first payment and run, that is if they are lucky to be paid the early times.

Unfortunately, many cryptocurrency projects are like  ponzi schemes especially those that do yield farming and other schemes just to entice new investors. The first task for anyone investing in any project is to study their token and business dynamics to know if they are ponzi schemes or not.

[AVE5]

The only thing I found relevant in this thread is that you've come to let us know that scammers are still out there with different strategies such as the Ponzi schemes in scamming people, also as you've mentioned some of the above Ponzi networks so we should be aware of them. About the Link you posted at Op, it's neither not trusted to be clicked because you're either a suspect. How would you ask anyone to invest on platforms obviously strict for scamming?
Moreover, this has got nothing to do with this AltCoin discussion board. That the major reason why this thread is irreverent.
No offence. Thank you!

[slashz9]

Whether you are on the right or wrong path depends on each person's understanding.
Nowadays people don't really care whether they do right or wrong, as long as they make a profit they will do it.

[btc78]

It’s not advisable to get yourself involved with ponzi schemes even if you say you got in early. There are way too many things that could go wrong if you get involved with ponzi schemes.

There is a possibility that you might get involved in legal matters. As far as I know, victims of a ponzi scheme can file a lawsuit and if you are one of the members it could get a litte messy.

I personally have seen the effects of a ponzi scheme and it is not at all pretty. Yes, you could enjoy some enjoyment once in awhile but after that it would just be pure hell on earth.

[Belarge]

All these ponzi are designed in a way that, all those who came early will definitely get their reward but after a while, when the project has gained enough participate, it crashes and run away with all their money, this has been going on for years and those who are into crypto trading just hopes they don't come across those shitcoins. due to the nature of some altcoins that why I decided to keep off from altcoins and remain faithful to Bitcoin investment. Even with your research and study you could still fall for shitcoins and that is very irritating.

Ponzi scheme time have passed but during that era, alot of people lost huge funds and this is really devastating for most of these gamblers. Cryptocurrency have been the main trends in the space and creates the hopes for the common man. I've never been in touch with shitcoins because I don't think the volatility is worth trying currently. There's a big difference between games, we can be either be promising or decides to set back because we don't want to be victims in the system. Shitscoins will continue to exists in the market because there's a whole of difference.

[Makus]

Ponzi scheme time have passed but during that era, alot of people lost huge funds and this is really devastating for most of these gamblers. Cryptocurrency have been the main trends in the space and creates the hopes for the common man. I've never been in touch with shitcoins because I don't think the volatility is worth trying currently. There's a big difference between games, we can be either be promising or decides to set back because we don't want to be victims in the system. Shitscoins will continue to exists in the market because there's a whole of difference.

I doubt that ponzi scheme has ended. Till today we still hear of some persons talking about buying some coins before they get listed and most of those coin, end up never getting listed in exchanges. Even some meme coins are designed to operate as ponzi because after rising to a certain level, no matter the buy order they receive yet they still crash to a very unpleasant price after which they have risen. As long as we still have hackers and scammers in this system, ponzi will continue to be a part of the crypto network. However we have to be careful when making choice of coin to hold. Personally, I prefer to hold only Bitcoin since it's a trusted and reputable coin.

[batang_bitcoin]

You are sure that it is a ponzi but you're even making it look like you're encouraging people to get in while it's too early. You're didn't even just said one project but many of them on this thread so stop encouraging people with these ponzi schemes and much better to remove that clickable link so people won't be able to visit them.

[Kristiyana]

Ponzi scheme time have passed but during that era, alot of people lost huge funds and this is really devastating for most of these gamblers. Cryptocurrency have been the main trends in the space and creates the hopes for the common man. I've never been in touch with shitcoins because I don't think the volatility is worth trying currently. There's a big difference between games, we can be either be promising or decides to set back because we don't want to be victims in the system. Shitscoins will continue to exists in the market because there's a whole of difference.

I doubt that ponzi scheme has ended. Till today we still hear of some persons talking about buying some coins before they get listed and most of those coin, end up never getting listed in exchanges. Even some meme coins are designed to operate as ponzi because after rising to a certain level, no matter the buy order they receive yet they still crash to a very unpleasant price after which they have risen. As long as we still have hackers and scammers in this system, ponzi will continue to be a part of the crypto network. However we have to be careful when making choice of coin to hold. Personally, I prefer to hold only Bitcoin since it's a trusted and reputable coin.

I think those ponzi scheme happens to be scam, a friend of my ask me to buy this coin at the early stage when it has no value, before they will get listed in market for exchange only for me to discover that the coin happens to be scam.