Family, there goes the #2 way of scams in cryptocurrencies
Pyramid schemes and Ponzi schemes.
What do they consist of?
Both are based on attracting new investors to pay the previous ones. Ponzi schemes promise guaranteed returns from fictitious investments, while pyramid schemes require you to recruit new members to earn income.
How to avoid them?
* Beware of promises of guaranteed or excessively high profits. All investments come with risk.
* Thoroughly research the project and the company. Look for evidence of legitimacy and sustainable business models.
* Be cautious of payment structures that rely solely on recruiting other people.
Blessings and success.
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