Is this not a Ponzi scheme?

[Hazink]

I just saw this thread posted on the gambling board by nowdice.

Topic now deleted maybe it might have been reported by other users too adding to the fact that it have referral link on it.

https://loyce.club/archive/posts/6635/66355792.html

Code:

 https://newvictory.pro/marketing-plan

Website was just created this year few weeks ago and they are claiming to have been there for the past 12 years

Their type of service offer looks like a Ponzi scheme to me and is more likely to scam people than make any actual donation to anyone.

[aioc]

Code:

 https://newvictory.pro/marketing-plan

Website was just created this year few weeks ago and they are claiming to have been there for the past 12 years

It's a big red flag to lie about a domain's age when it's verifiable. When it comes to investment, you lie to one, you lie in everything, because investment platforms are trustbased

Their type of service offer looks like a Ponzi scheme to me and is more likely to scam people than make any actual donation to anyone.

It is, but with a different structure: there is no business model; it's just about referring people and investing to level up. The early birds catch the early worm, and if you come in late, your money is wasted.

[Yamane_Keto]

Starting with a very small amount is often Red Flag.
The more you share, the more you earn, and a 10% referral bonus without explaining how cycles work or how you generate profits is a scam.

[coupable]

Absolutely a scam scheme promising high returns for r(eferrals without explanations how it works. That user' deserves a tag, at least neutral, since no one is scammed yet. But the topic was just reposted in the Investor Based Games board: [ANN] New Victory | P2P Donation Community on BNB Smart Chain
As we all know, experienced users don't visit that board frequently to warn other members especially newbies, because posts aren't counted among weekly post requirement in any signature campaign.

[ScamViruS]

This is a red flag that targeting small crypto users could make their site more reachable.And where you are offered a 10% referral commission without sharing any proper information, it is definitely important to investigate in detail. I have seen from my own experience how many scam websites crypto users promote in the greed of this referral commission. And this site has also targeted those greedy for referral commission to promote their site quickly.

[hosemary]

That user' deserves a tag, at least neutral, since no one is scammed yet.

I left a negative feedback against the user.
No one may have been scammed yet, but the service they are promoting is obviously a ponzi scheme and they also lied about the domain age. They definitely deserve a negative tag.

[coupable]

That user' deserves a tag, at least neutral, since no one is scammed yet.

I left a negative feedback against the user.
No one may have been scammed yet, but the service they are promoting is obviously a ponzi scheme and they also lied about the domain age. They definitely deserve a negative tag.

He deserves the tag and I doubt that he will come defend his position by all means. I have also checked another domain displayed in his profile called bytebull[.]tech but found it's a suspended domain and there no info about it in the net. I support the warning not to follow any offer coming from this user or any other newbie before carefully checking.

[Bitcoin_Arena]

Typical Ponzi scheme. I checked the website, and the model couldn't be more obvious. There is no genuine source of revenue except through the users who join the scheme.

Thanks, OP, for being alert. I, too, have tagged the account.

[robelneo]

Their type of service offer looks like a Ponzi scheme to me and is more likely to scam people than make any actual donation to anyone.

Its very similar to MMM by Mavrodian

MMM was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time,
From 2011, Mavrodi started targeting developing countries in Asia and Africa, promising 30% monthly returns and other promotional offers. It claimed that this was not a high-yield investment program (HYIP). Rather it was mentioned on the website that a group of people were "selflessly helping each other" in a form of "Global Fund of mutual aid." Participants were asked to send financial help to fellows with the promise that they would be helped when in need by returning a sum more than what they had sent. In India

https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

They started in the 1990s and resurfaced online as a donation-based Ponzi scheme. The words "donation" or "pay forward" are very appealing, but they're just a disguise for a Ponzi scheme.

The definition of a Ponzi scheme has been exploited, so they need a new name to make it more appealing to people to invest, and the word 'donation' is a good alternative.

[Hazink]

Absolutely a scam scheme promising high returns for r(eferrals without explanations how it works. That user' deserves a tag, at least neutral, since no one is scammed yet. But the topic was just reposted in the Investor Based Games board: [ANN] New Victory | P2P Donation Community on BNB Smart Chain
As we all know, experienced users don't visit that board frequently to warn other members especially newbies, because posts aren't counted among weekly post requirement in any signature campaign.

And the thread is still active on that board even as I have reported it to moderators. Maybe moderators don't pay attention to it because of the board or because the Op did not add a referral link to the new thread, whatever it, maybe I like the fact that the board which was now posted always gives warning about the potential risk of things found in there.

[FinneysTrueVision]

When you click on a topic in the Investor-based games section there is this warning at the top of the page:

You are in the Gambling section. You are likely to eventually lose any money that you gamble/"invest". Additionally, moderators do not remove likely scams. You must use your own brain: caveat emptor. Do not gamble more than you can afford to lose.

Any website that is promoted in this section, we should assume they are an HYIP/ponzi/MLM. 'Investor-based game' is just a euphemism some administrator must have come up with, a long time ago, for online ponzis.

[jcojci]

I just saw this thread posted on the gambling board by nowdice.

Topic now deleted maybe it might have been reported by other users too adding to the fact that it have referral link on it.

https://loyce.club/archive/posts/6635/66355792.html

Code:

 https://newvictory.pro/marketing-plan

Yes, that is ponzi scheme. We can avoids it. But people out there may not aware and get scam.

But it is not takes too long to identify that is the scam. All things in the archive shows that clearly that is just want to trick people. The word shows much.

[hosemary]

And the thread is still active on that board even as I have reported it to moderators. Maybe moderators don't pay attention to it because of the board or because the Op did not add a referral link to the new thread

You are right about why the moderators didn't delete the new topic. I think the same.
According to forum rules, it's allowed to post ponzis in "Investor-based Games" board.

From "Guidelines for threads":

Investor-based Games (child board of Gambling) - "Games where the main factor is whether or not new "investors" join the game. Also any Bitcoin-denominated investment product with an APY far above the reasonable market rate. " That includes ponzis, HYIP and other "invest and get tons of cash tomorrow" type sites.