Meet the self-proclaimed Ponzi scheme and get scam
The cryptocurrency market has its fair share of shady schemes – thinks Bitconnect or any of the numerous exit scams that have occurred in recent years. Although these schemes are annoying for many investors, TeamJUST, a mysterious group of developers of Ethereum has taken on the task of creating a Ponzi on-chain, self-proclaimed and exit scam scheme, which have been named respectively PoWH3D and FOMO3D .
might think that this sounds absurd. Well, evidently there were some who thought it was a brilliant idea, as TeamJUST's smart contracts were quickly filled with tens of thousands of Ethereum, with a few daring people working out their sweating cryptocurrency for work in a well oiled environment, completely transparent and intelligent pyramid scheme based on the contract.
What drives us crazy is that the team behind the game, the scheme or whatever you want to call it, is in advance of the intrinsic nature of their creation. Their official Twitter account reads:
Fomo3D: an ironic blow on the ICO space of the cryptocurrency, which puts every player in the terrifying and enticing position of Exit Scam.
And until now, this transparency has apparently paid off, with the game that gathers the support of many users who just want to have some fun.
– TeamJUST (@ PoWH3D) 22 August 2018
For those who are not aware, FOMO3D is a type of Ponzi scheme focused on the idea of people's greed. The game starts with a 24-hour countdown, while users are asked to purchase the keys to extend the time and also get an interest in the "pyramid".
Each time a key is purchased, the price of the next key increases slightly for the next user. But users are encouraged to keep buying, as ETH deposited in the pyramid is distributed among players and through a jackpot. If the timer mentioned above reaches zero, the last person who buys a key wins the jackpot.
And so it happened the other day, with an anonymous individual recently "scamming" 10.469 ETH, worth over $ 2.8 million at the time of writing, from the smart FOMO3D contract. This' exit of scam & # 39; in fact he surprised some individuals, he thought that the game would never end, with the eternal greed of the individuals who keep the plate alive for months, if not years.
But now, an anonymous individual, who has participated in the game for nine days, has access to over 10,469 ETH, a sum of money that changes lives, to say the least
While some fear that this is only a Pretext, the individuals behind the project provided its almost cult following with an Etherscan block explorer link to the withdrawal transaction, which shows an internal transaction of 10.469 ETH from FOMO3D to the unnamed individual.
However, some controversies arose in the final minutes of the round, as some have claimed that an Ethereum miner was able to censor a blockade to go through, allowing the anonymous individual to get out of the scot without a scot. But regardless, FOMO3D began its second game, with an initial pot of ~ 5,400 ETHs and deposits of over 1,300 ETH at the time of writing. But it remains to be seen if this dish will go up like the last one, but those who have arrived early I hope they do.
Photo by Alex Holyoake on Unsplash