How is this not a Garza scheme?
(1) Exaggeration and misleading claims vs. outright lies.
I believe both have all three of those things.
Their claim "Ziftr's existing user base of 2 million+ consumers" is just not possible with their Alexa rating. (A few thousand users will get you into the top 100k.)
Total users over the ten years or whatever they've had that shopping site maybe. They probably have some misleading way they came up with that number. As opposed to JG's claim to have 100 million in the CAF, which was a number he pulled out of his ass and an outright lie.
(2) A plausible mechanism to achieve the discount vs. claims that make no sense at all.
That's not a fair comparison because GAW also included discounts. It's the $1 guarantee that makes no sense at all, and that's likely the only thing "investors" actually care about much like GAW's $20 floor.
The $1 guarantee makes sense when you read the fine print. Say you buy five coins at $0.2 each. Now you can go buy something for $100 and use those five coins at $1 each, but only at certain merchants. You've paid $96 for a $100 whatever. Whoop-de-doo.
(3) Promised savings so small it's hard to understand why anyone finds it interesting, vs. big "get rich quick" promises.
You're missing the presale part of the scam. The 5% savings is just so it doesn't look like an outright scam.
They sold ziftrcoins for $0.2/coin based on the illusion that it would be worth $1 minimum. Promising 5 x ROI in a few months sounds a lot like a Garza scheme.
I know that some people read it as promising 5x ROI, but in reality they aren't promising that when you read the fine print. They aren't promising that XPY will sell for $1 on any exchange, just that you can use them like coupons to get a small discount.
Correct me if I'm wrong and you can find them promising more than this. The way they market it is very misleading, probably intentionally so. Caveat emptor.
