⚜️What are the notorious funding schemes?
Essence: A Ponzi scheme, where the funds from new investors are used to pay returns to older investors. There is no actual business or sustainable profit source, and the project will ultimately collapse due to a break in the funding chain.
🫧Typical characteristics:
Promise of high, stable returns
Advocates 'referrals,' team bonuses, and tiered commissions (using 'promotion' to bring in more people).
Must continuously have new funds flowing in, superficially packaged as 'investment management,' 'staking mining,' 'blockchain games,' etc.