It is a Ponzi scheme, but it appears to be an ethical one. It is sustainable, doesn't promise any unrealistic returns, etc. The people who get the timing right will profit at the expense of those who get the timing wrong. It's a zero sum game in that way. "Getting the timing right" probably means cashing out before the masses so you get a decent price for your tokens, but staying in long enough to profit from the dividends. As usual, the ones who make the biggest profit will be those who promote the scheme to the most people, since the rewards are dominated by referral fees.
I think it is ethical because of the smart contract but I think that they have kept most of the tokens for the developers by using different addresses.
They claim that each developer was allowed to buy 1 ETH and there are two of them and 20 advisors 1 ETH so makes me ask who are these advisors?
I like the concept of the contract but I think they have in a vey sneaky way done a massive premine of the tokens and spread them across many addresses and those addresses are selling every day, at least some of them over the last 3 days.
Shill successfully triggered.
BITCOOOOONNNNEEEEEEECTTT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
They locked the ANN thread, for some stupid reason, yesterday when there was 2800ETH in the contract. There is now 3500ETH in the contract and the price is over 0.009 (was only 0.0035 when I first mentioned it with just a few hundred in the contract). I don't know how you can say anyone has been selling it much. I was in the top 15 with my total buy in a week or so ago and most people never sell. I have been getting a couple of hundred dollars a day in dividends (I don't reinvest them) and the value of the tokens has obviously increased a lot too even though ETH is worth less. So have close to 50ETH now even though I only put in about 23.
So no, I don't believe any advisors/ambassadors have any significant amount and you can actually see in the contract which addresses they were. They were limited to a single ETH in purchases, btw, and the DEVs only had like double the tokens I bought. In the discord they said about half of these initial buyers sold all theirs very early well before I got in because the contract was stuck on around 200ETH before Trevon started mentioning it.
Quite recently some whales have been coming in starting from when the contract had about 2000ETH in it. It's almost double that now and is growing very fast lately.
When the contract has 5000ETH the price will be 0.01ETH per token. The best part is that you get 'dividends' when people sell, not just buy so most people will never sell and just withdraw their 'dividends' every day. I already made about 18% of the ETH I used to initially purchase in 'dividend' profits (over 4ETH) and the value (despite ETH being a lot lower in USD) and amount of ETH my tokens are worth have also doubled too so no reason to sell ever, really.