bao-coin.com

[SamuelN]

Hi guys i recently received a payment of 0.0005 from this address 1BaoCoinFgQ26rLonLaTMjFMaJvQdTwAj
So i looked for it on the internet and found this site https://www.bao-coin.com/
which looks like a new ponzi, do you guys know anything about it?

[dalovar]

Yes, it looks like a ponzi scheme. Saw it shared on a Bitcoin Facebook group that I moderate. Their logo and website look good though. But, they give no explanation as to how bao-coin is going to "sometimes" return 120% of your investment and how each bao-coin is gonna cost 1 BTC or more 'sometime in the future'

tl;dr: ponzi scheme

[kusumadewi]

Ponzi.
At least they sent you 50k satoshis instead of 1 satoshi.

[bernard17]

its legit and paying