Topic: 333 ETH? a ponzi scheme? (Read 1039 times)

It's sad to experience a ponzi scheme. 
The loss you incurred from this fraudulent scam is not a joke and should be reported in the authority so that they can make a immediate action to your case.

I am not sure about it. In long term prospect, it may stop working, so investors will be very angry because of this fact. I hope to find something better.

This is a scheme by which investors are paid dividends at the expense of deposits of new investors. In simple terms-a financial pyramid, named after the fraudster Charles Ponzi.

Hi. What is ponzi scheme? Explaine me please.

Many people use ponzi scheme to collect money and run a way, the real cheater is them. For many reason ponzi is not good and from their performance we can see it, low price high return and never scam. The scheme is same but they always change lay out and rules to make people interesting to follow, think again before join.

it is clear that the scheme will attract a lot of investors, because every day it gets 3.33% interest, it is very promising, if this is a game, it will harm many parties, if not, on the contrary

It is about day trading? Because I am new here and I want to become cryptocurrency day trader. Could anybody give me such clues on where to start?

Making money out of nothing is completely impossible. Maybe some newbies are still unable of understanding this concept, but we need to make it completely clear.

I dont have to read more about it because when someone promises you daily guaranteed profit then it is obvious scam. Do not believe in easy money.

What are the chances of finding responsible organizers in the world, where 90% of projects are fake? I consider that they are extremely low, so it would not work out.

try send 0 eth to the contract address

Playing with such projects is a very dangerous game, at any moment you can lose your money, in such projects there are very big risks.

Like Thanos in Marvels, in a SNAP!, they can just disappear. And nothing u can do to get back ur investment.

On such companies you can earn only if you learn about it in the first 2-3 days. Then there is a very high risk that you just do not take even your contribution, not to mention income. So you have to be very careful with these projects.

I don't believe in anything like that anymore, the thing that gives% rewards when we don't do something that is done.
Surely the edges are SCAM. LOL

It's a bloody scam. I knew but just play along. I put 0.01eth, the min.
When joining, their admins emilia and nikolaj are very friendly and helpful. Once invested, I didn't see my daily 2% return.

Questioned them at their telegram group and didn't get a straight answer. Even they start gang up and insinuate me as if I'm stupid.
They even mentioned it's a game. No it's not. Until today I still yet to receive any 2% from them.

Even when you go to etherscan.io and key in their smart contract address, there is big warning that it is a ponzi like address.

Be careful guys.

It is usually looks like a scam. Guys, please always be careful with such projects that are promising great dividends. Always check the team and the devs, before investing in something and you will be safe.

if you see plan section for invest your money in some website we can analyze from how the website work, that just a game like Bitconnect big ponzi scheme

I don't think it is a perfect scam plan. a business that has been in operation and has been very successful in the crypto market for many years and has supported many ICO projects. Why should they lose their value after years of trying to build a great coin? Think better and do not believe in the rumor of the press.

I take profit 2% every day. And why after is 333 is ponzi?

May be, but 333eth v2 is works. It's not hype and anything like this

Time will show

in any case, today there are already a lot of bad and promising projects run by scammers. I want to see real results, not promises.

333 is an unique pypamid that that makes compensations to those who didn't make a profit in v1

333eth is transparent and fair, the dividend rate is attractive. Also 333 has good feedbacks. I don't know ....I trust  ...

Why do not you protect those who play in the casino or in the national lottery? They also lose there, and lose everything, under 0.
In this project, there is a guarantee to return much more than 0%.
And if you use the referral system - then you can earn.
Banks, companies - are bankrupt, stocks are falling, whole states are disappearing.
Everything is transparent here - see graphs, balance, debit, credit. Draw conclusions. Weak mind - live on the social benefit. Nothing to go into such projects.

Everyone loves freebies from this and the prosperity of fraudulent projects and they earn not bad on trustful clients

A "Ponzi scheme" is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors. Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of apparent profits. A Ponzi scheme is able to maintain the illusion of a sustainable business as long as most of the investors do not demand full repayment and are willing to believe in the non-existent assets that they are purported to own, and there continues to be new investors willing to contribute new funds.
** "Ether" is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-completevirtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

That's mean, that Project "333 ETH" is not a "Ponzi Sheme", because there is no person, no a company (businessman), who
"pays profits to earlier investors using funds obtained from newer investors"...

It's smart-contract algorithm (program code funtcion) on which the project is based is uploaded to the blockchain Ethereum 03.09.18 with the OWNERSHIP WAIVER function ("REFUSAL of OWNERSHIP"). This means that nobody - including the organizers- can't access it to tamper with its independent functioning.

Also, Admins does not have access to the main purse of the contract, it does not have the opportunity to withdraw funds from the smart-contract. Admins does not engage in the rescheduling of the ether* among the participants - it's function of the independent smart-contract.

Project "333 ETH" isn't working with world currency of exchange (like USD or Euro), smart-contract "333 ETH" is distribution of Ether* between participants (ether can be transferred between accounts and used to compensate participant mining nodes for computations performed).

However, the most important component of the "Ponzi scheme" is FRAUD... As you can see - in this case it is excluded...

333 is risky but it worth to pay attention on it

Why is it ponzi If so many people got compensations. It's a too fair play for ponzi!

It probably may not be a ponzi scheme. The previous so-called " pyramid " is still functioning. And v2.0 is goinf to live  long

new heard about this from you,,
but, for investments project that offer about 100% per month is really scary for me,,
and i believe this is a ponzi scheme

It is more than obvious that it is scam or ponzi scheme.
How can you guarantee 3% per day? It is impossible! In a bank they offer 3% per year, so you have to be stupid to believe such profits.

It is better to be avoided, if indeed it has been detected as a ponzi scheme it is better to forget it because what you will get is a loss

It is 100% Ponzi, they telling it officilly, but they aren't scam, so it is really good way to invest

333 ETH - The most honest project with transparent conditions! TOP! Number one among smart contracts. Not Ponzi, not a scam, This is fair crypto play! Like & enjoy ))

That’s fairest smart contract technology! Read more at https://t.me/Ethereum333 ! We take 2% profit everyday! And enjoy that!

Guys but as I understand they do not translate Ethereum and only specify the private key on myetherwallet. this is definitely a Scam but how do they take money? tell me who knows this scheme.

I don't why people patronizes such an obvious ponzi scheme of course the gullible ones will invest with them 3.33% daily returns is outrageous and the scheme cannot sustain that figure daily before they will run away, people should just stay off those scamming sites and save there hard earn money.

Scammers once again using up ETH platform to make use of another Ponzi scheme type investment. Deceiving people with that high rate return on daily basis.
Its clearly stated as long there are pay-ins then there would be payouts then what if theres no new investor?Normal you would really wait for eternity as an
investor.Just seeing a word Ponzi its already a scam.

So what? they proved that they can be trusted. It's real to earn money with 333eth v2

Investments promising a finite or high return of investments mostly turn into a scam. Should be careful where we invest our money and as much as possible avoid this kind of Ponzi schemes.

Just ask yourself a question that where will this 33.3% daily come from. And you will get the answer that whether the project is a ponzi or not. All these schemes are first marketed heavily and whales put a big amount of money to attract people. It runs for few days/weeks/months, but it ends very badly. And this 33.3% is obviously way too high. It might fall way sooner than Bitconnect.

Yes, it's a pyramid, but it does pay. I earn money with it

I really thank you that you share your experience with such a Ponzi scheme with people. Very few people in such Ponzi schemes in early days and when people realize these scammers took all their money. In my opinion to avoid such Ponzi schemes never invest in new unauthentic projects an always choose reliable coins for your investments.

No doubt that's definitely a ponzi scheme, giving a 3.33% daily is not sustainable. I have encountered many times this kind of offer through social media but eventually the projects failed.

This is the strategy of these Ponzi schemers that they give such a high profits and offer big things that catch innocent investors and give them little bit profit in the early days and when their investment rises, they suddenly disappear from the market. Thousands of investors lose their money because of such scoundrels. These people are also a poison for crypto market.

I don't believe such promises as being true. The market goes down more often as of this time, and even if it would go up can such increase be really true? If the case is true then I would say they would be doing it by themselves and become rich and would not care more for your participation. A promise so untrue should not be given attention. The misleading or false idea behind should be dismissed immediately. Do not ever let any attempt to be caught by obvious scams.

According to me, this is a Ponzi scheme. Those people who not done the research on the project or they just looking for the profit, this kind of people has get stuck in this kind of Ponzi scheme.

Personally, I think this is another Ponzi scheme and it's best to stay away from this project.

simple logic, when there is a website that offers considerable benefits in a certain period of time, without having to do anything, in the sense that you just sit at home, this is obviously very suspicious and can be categorized as ponzi scheme. but ponzi is not always bad, I have followed it, just how much your expertise. You have to analyze how much the ponzi scheme is able to convince others to invest, then see how long the Ponzi scheme is running, do not enter in the middle, enter the beginning of the game and you have the opportunity to profit. but I really do not recommend this, you are not more than deceiving others to make a profit. I've also stopped with ponzi since 3-4 years ago. goodluck

That's a form of HYIP (you can google ponzi to understand what it is). Typically, you will invest, for example, about $ 100 with interest paid at 3.33% per day for 40 days. If you join early, you will probably earn a little profit from it

Sure, 333 is 100% ponzi, but it is still profitable. I mean it is common thing for such projects - making profit for early investors

If it fills like a scam, sounds pika a scam and behaves like a scam than it's a scam my friend

Yes it is a ponzi scheme. Any promise by any person or group of people to provide a consistent profit basing their product or service in crypto is surely a ponzei scheme. Sooner or later it will fade out.

It is a pyramid. Creators tell it. I do not recommend to invest your money in such bad projects. Invest in the future and technologies.

There are full-time scammers in crypto. Always be careful! Of course! 3.33% is not feasible!

Now they have come up with a new fraudulent project. I do not understand who is involved in this shit? If a person knows that this is a Ponzi scheme and participates in this, then after losing money, let him not complain in this forum. Lazy and not very smart people participate in these projects.

Everything which ensures a guaranteed return is nothing but shit kinda Ponzi and definitely scam. Today or tomorrow. Have you forgotten the lending platform Bitconnectttttttttttttttttt? It was once the best.

3.3% daily is crazy high, without looking any further it is definitely a Ponzi scheme.

Another cryptocurrency ponzi scheme that is trying to bring bad image to the cryptocurrency world which can also lead to a big fall in price, the general public should take note and warn any one around you that cryptocurrency is not a bonzi scheme but a digital currency which is highly volatile in nature it price can not be predicted rightly.

Early investor or new investor, it is better to avoid it. Only that thing that can help crypto community to make Ponzi scheme dissapear. If people already have knowledge about it, i'm sure there are no more ponzi site that created by scammers.

Hyф its a ponzi and sacm platform, but you can earn if you perticipating from very beginnig. The main - to exit this in time....

It is pyramid, no doubt, even developers admit that, but it is still brings money for someone

ICO is usualy scum, they are worthless, instead you invest into masternode or 333eth, great things to earn passive income, grat for early investors, so start today

I think more that this is part or the way of a scammer. It is not impossible if almost all ponzi schemes in crypto fail. So, I think this is not a useful thing.
Thank you!!

I continue to say it , that people are just too greedy and not ready to really work for the money but want free and end up in scam by even losing the little they got with their greed attitude, with all people losing money to Ponzi and dying and rising of new ones people still go in to such then you don't need to advice them any more as they will learn their lesson in hard way.

3.33 % is 100% ponzi scheme it's impossible to keep up with the current situation in the crypto world, this is the sad part or side of it, people have integrated this investment scheme to cryptocurrency that is why many people are losing their money and shouting crypto is a ponzi scheme.

It is really high and I suppose this amouunt will be decreased with the time and now it is only a way to get people to this one. There is nothing something interesting.

ETH is not the best best coin now and it has decreased in its position with confidence on the market that is nor reliable now at all, I think that it will be restored.

Be careful with such projects. This is a very large percentage no business gives such interest to its investors. I think it's a pseudo-investment.

333 eth scam. dont invest, they have function to stop contract, that after few months started it again and withdraw all percents profit from own investment

Highfiveeth.org better, short and clear contract

That's why we build bankofeth.app - with sustainability in mind... our games feed into the profit mechanism:

https://heist.bankofeth.app/heist.htm

Anything that promises that kind of outrageous amount of profit in a day is obviously a ponzi scheme and if you are not careful you are just going to end up getting sucked in. People should learn to understand ponzi schemes better to be able to point it out. This is obviously one that people should stay away from. This is one of them, thanks for pointing it out.

I'm 100% sure that 333ETH is a Ponzi scheme! Even Metamask blocked this scam project so this project will die soon and all participants will lose their investments.

easyinvest.biz

Pyramid or Ponzi scheme for sure.. no-one can insure 3,33% daily with any method..... do not waste your money with this trash...

I totally agree, it's so obvious it only works on fools. You need to drink heavily to complete the obfuscation to become a member of such schemes. Or being a greedy fool.

Obviously if a project is peomising you a fixed daily return without known or legit source of profit then definitely it is a ponzi scheme and it is your reponsibility to not only stay away from such programs but also warn everyone to not invest any penny in such programs.

If its too good to be true than is a scheme

Anybody that promise to give such percentage as return on investment is actually a scammer. I think we have had enough of this ponzi scheme in the crypto world and all of them have failed. Its actually left to people to decide whether they will invest in another pyramid scheme or not.

Pretty pretty obvious of a scam or a fraudulence sign is getting in the air with this kind of thing especially the amount you can get in engaging in this kind of activity,

Well indicating that it will give ETH as a reward this sum of amount is very suspicious indeed, It might victimize many newbies or veteran aswell if hes not cautious in joining in these kind of sheme.

This is a serious violation of the laws of many countries, so this behavior can attract attention to them and make them responsible. But still they are not to blame, lol it is as if to blame the whole network that they are scammers. They just do they work.

3.3% daily is clearly not to believe possible for any real scheme, better stay away from these types of projects to avoid the loss.

If they promising a too good to be true profits then you should think twice on investing. Plus only invest money you can afford to lose. It's hard to see either a project will only turn out to be scam, most developer targets long term sinking ship before he totally leaves the project. A great scammer know how to be patient and unfortunately I been victimized already of a professional scammer. So watch you're back with these guys.

Hello my friend, Today, Metamask unblock 333eth.io from his blacklist! Now, crypto currency comunity decides that is legal, ponzi, game, and other Legal society scheme! Because his source code will already opened at Github! And all investors happy! This is TRUE Dapp!

Of course, they always promise sky-high amounts in order to take advantage of greedy people. Of course such schemes are illegal, governments are fighting them, but it is almost a lost battle, because they grow like mushrooms. Warn everyone you know that participation in such pyramids is the only way to get into their pocket.

It is deception of all people. This project was made by creators of the Ponzi Trust project. Here at a forum there is an exposure with their scheme of deception.

Other alternatives with sustainable models are available such as: https://bankofeth.app - works with MetaMask and also doesn't over promise on crazy returns

apart from such projects being pure scams and ponzi schemes you should also consider the fact that paying that much profit to people will crash its market! imagine you have some token that you receive 3% profit on it on a daily basis. by the end of week 1 you would have a huge amount of that token which then you can simply sell (dump) on the market and get the pure profit out without even touching your tokens.
and you are not going to be the only one doing it! so what happens is that this dump simply crashes the market.

in other words even if it wasn't a scam, such plans wouldn't even be profitable because of that crash.

Remember a golden rule in the world of online income. "If any project promises a certain % of profits in a certain duration then it is certainly a ponzi scheme". So no matter how profitable, clean or popular a project is; but if it follows the above golden rule then just avoid it. The project you mentioned above is promising 3.33% daily. A real project can not make such promises. So well, you got the idea.

This will also ends like Bitconnect, few early members will first of enjoy the scheme before other will get burn.

More than 3% daily passive income, definitely 100% ponzi, imo. People should not investing on this scheme, even if this give high return but it will become scam.

I think this is another divorce. You can not make money out of thin air, the first sign that you will be deceived. In some pyramids can start first and have time to get out with a profit, but why? This is a big risk

I it is fair to admit saw already this project. It very much it is similar to a pyramid. All it seems as on the smart contract, but very big temptation to take away all money and to disappear.

On how many I understood the contract is not checked yet. In that case there is no confidence that organizers will not take away all investments and will not disappear with them. So until as the contract for me will not be checked this project is roguish for all 100%

Ethereum-based Decentralized  333ETH has been flagged as a possible ponzi scheme. The scheme promises a 3.33% daily interest and has gotten the attention of a lot of "investors'. That is quite high in my opinion, what is your opinion on this?Is this another 'bitconnect' kind of game that gave cryptos a bad name earlier this year? 

Source:
https://www.cryptoglobe.com/latest/2018/09/popular-ethereum-based-dapp-flagged-as-fraudulent-ponzi-schame/