Mostly the cryptocurrency scheme promised a guaranteed daily return of 3% with a minimum investment of US$100. The website looked professionally designed and claimed that the returns came from the trading of different cryptocurrencies.
Also, we have observed that they manage to create their own cryptocurrency and wallet too.
I sat down and listen few hours from the neighbourhood folks talking about blockchain. Once I asked for the detail how their blockchain works or which algorithm there were using? How much the market cap, the present value and etc. They started to repeating over and over about it being develop by their company.
Moreover, I met another blockchain user complaint to me saying that the money they invested and totally no idea what is blockchain at all. Mostly they will start assume blockchain / cryptocurrency is a money game scheme. This is totally upset me that the potential of the real cryptocurrency toward the nation economic and businesses.
Additional, the cryptocurrency scheme didn’t stop there. They also introduce gold based cryptocurrency and promise return in period of time.
I advised everyone to be careful especially pyramid scheme or any scheme that promising high return in short period. Be careful and warn everyone you love. I believe the scheme and approach of these scammers improving daily.
It’s simple, if you need cryptocurrency, store it at reputable wallet and buy it at trustworthy seller.