Ponzi scheme has the same characteristics everytime and anywhere, regardless of which platform is in use, or payment method deployed, be it fiat currency or Cryptocurrency. In a ponzi scheme, exaggerated fixed amount of profit or return on investment is promised within a given time, Older participants are encouraged to invite more people to earn outrageous reward from the new joiner's signup and so rather from profit generated by the business itself, older folks in the game are paid from capital deposited by the new recruits into the platform. This process is repeated until the platform operators hit the target sum they had in mind while creating the scheme, then they'll vanish or start delaying payments to see people's reactions, give excuses and excuses usually that because of more people who have joined the platform, the process is getting slower. All those excuses are to see the people's reactions. When they get what they want, they'll completely shut down. I'll rather stick to participating in crypto bounties, Airdrops and competitions which for some, I don't need to commit any fund to participate aside meeting the eligibility requirement. Imagine the excitement for the person who'll win the Helicopter, iphone 15 Pro Max, the cash reward or any of the prices from Bitget KCGI trading competition. Those are the type of events on the Crypto space to participate in being a yearly event where one have nothing to loss but gain from random rewards for participating, not falling for outrageous, unrealistic promises.
