MultiversX Tracker is Live!

The Dark Side of Memecoins: Different Types of Ponzi Schemes

All Cryptocurrencies

by COINS NEWS 109 Views

The Dark Side of Memecoins: Different Types of Ponzi Schemes

Well, it looks that the promised "Crypto winter will get rid of all shitcoins and memecoins" was not totally true so we must then learn that there are different kind of ponzi schemes between memecoins.

Memecoins

Personally I distinguish two types of ponzi schemes:

  • Long term ponzi: The ones developed in L1 ETH that use ETH gas fees price increasing to artificially decrease sell pressure but still they slowly rug pull investors. Example: PEPE ????
  • Short term ponzi: The ones developed in Binance Scam Chain (BSC) which when they reach a marketcap the scammers think is fine, they rug pull investors in an instant. Example: SQUID ????
  • Chameleon ponzi: The ones that change the strategy from short term to long term or otherwise. Example: SAFEMOON ???? which are in BSC but changed their strategy to long term ponzi probably because they saw they created a cult.

What do you think? Do you detect more?

submitted by /u/kirtash93
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments