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Topic: COINSBIT.IO SCAM EXCHANGE + PONZI SCHEME !!! - page 7. (Read 3769 times)

sr. member
Activity: 868
Merit: 278
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So please for the good of crypto and the credibility of your website design a structure that brings closure either way to such allegations in a promt period of time.....

Dude... you are promoting them via referral program for some shittokens. To be honest you should be tagged for that, but I will wait for the opinion of Nutildah and Jollygood .

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It dose seem like a very generous airdrop and I can justify reasons for this being legitimate and also a scam. But no doubt the most painful position I could end up in for this project is if I think it's a scam and don't take the free coins and then down the track this exchange does what it's potential is suggesting and overtakes Bianance with its CNB token soaring to a value of $20 in a few years time and I decided not to spend the little time needed to get the free coins. That would be a really bad spot that I will make sure I can't be in. So I will continue to promote the referral program as $100 worth of coins for every recruitment is to good to miss out on and I have nothing to lose but a bit of time. Fingers crossed it's legitimate which as I said can make reasons for yes or no but I do know the platform is built really nice, the foundation of the whole project looks very solid with lots of great features that would entice many serious traders to take notice.

Here is my referral link anyway for anyone who wants to get 2000 free CNB:

https://coinsbit.io/referral/9811110a-9cfb-4dfb-b99e-5d200945afe5

I strongly support joining the referral program as you have nothing to lose apart from your time.

legendary
Activity: 3010
Merit: 8114
Edit: reasons to support the flag on Coinsbit are summarized here.

I looked into it a little bit.

https://coinsbit.io/invest-box

"It’s NOT Pyramid/HYIP, all payments are made from special fund."

Oh, a special fund! That's so much better!!  Roll Eyes

About IGOS token (offering 3.5% tokens "interest"):

IGOS - Official token of iGO Tech Ltd

Its a WAVES token... Costs exactly 1 WAVE ($0.72) to make 100,000,000 tokens.

- home page uses generic graphics seen on a hundred other ICO web pages
- white paper plagiarizes several sources (don't have time to list them all)*
- team founders and CEO likely don't exist
- no social media profiles of any team member

*To be fair plagiarized parts are only language surrounding the idea and not the technical aspects of the idea itself -- those parts seem to be original. Regardless, its certainly not something I would consider investing in.

You have to buy $200 worth of their token to take part in "Investbox", and then after a week you will get a 3.5% "bonus" in the form of tokens. Hard to tell if it compounds or not. Basically its a way of suckering people into buying into their ICO (IEO, whatever).

Basically all of the "investbox opportunities" look like ways for IEOs to raise funds by promising their investors a little extra. I'd have to register a Coinsbit account to find out the details about how it works.
sr. member
Activity: 868
Merit: 278
What happened = coinsbit.io  Scam exchange + Ponzi scam
 
Scammers profile =https://bitcointalk.org/index.php?action=profile;u=2681193

Scam thread = https://bitcointalksearch.org/topic/an-coinsbitio-innovative-trading-cryptosystem-5185065

That exchange is i scam and already has a scam accusation thread created by Jollygood https://bitcointalksearch.org/topic/beware-of-super-scam-p2pb2b-claim-to-be-worlds-biggest-exchange-5192497

Now I found that it is not only a scam exchange. It is a hidden ponzi scheme masked under the so called Invest Box

https://bitcointalksearch.org/topic/an-coinsbitio-innovative-trading-cryptosystem-5185065.msg52848969#msg52848969

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