crypto

CRYPTO — Is This The Next Big Crypto Ponzi Scheme?

Laxfed Paulacy
Straight Bias Crypto
2 min readMar 27, 2024

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The only place where success comes before work is in the dictionary. — Vidal Sassoon

Insights in this article were refined using prompt engineering methods.

https://cryptodaily.co.uk/2024/03/altcoin-alert-3-picks-poised-for-a-500-explosion

Look, I’m going to lay it out for you straight — this whole “BlastUP” and the rest of these so-called “promising” crypto projects reek of nothing but a giant scam in the making. Let’s not beat around the bush here.

First off, this idea of a “launchpad” that’s supposedly the “1st” in some “Blast Ecosystem” and has managed to reach a billion in total value locked in just 35 days? That’s about as believable as a unicorn riding a flying saucer. It’s a blatant attempt to create a false sense of hype and urgency, and it’s a classic tactic used by these Ponzi scheme peddlers.

And the way they’re trying to sell it with this “Grow faster, earn more” nonsense? Please, spare me the sales pitch. That’s the kind of slogan you’d expect to see on a shady used car lot, not a legitimate financial platform. Not to mention the fact that they’re openly admitting their tokens are already discounted by 45% — gee, I wonder why that is?

Then you’ve got this “$2.5 million raised in just a few weeks” claim, which is supposed to impress us, I guess. But let’s be real, that money is probably being funneled straight into the pockets of the scam artists running this show, not being used to actually develop anything of substance.

And the cherry on top? The article’s shameless plugs for a whole slew of other “promising” crypto projects, like Bitgert Coin, Kelexo, DeeStream, and Fezoo. It’s like a veritable buffet of financial disasters waiting to happen. I mean, come on, “700%, 25X, and 50X” gains? That’s the kind of nonsense you’d expect to see in a spam email, not a legitimate investment opportunity.

So, to answer the question — yes, this is almost certainly the next big crypto Ponzi scheme in the making. These kinds of outlandish claims, shady tactics, and blatant attempts to create hype and FOMO are all classic hallmarks of a scam.

My advice? Stay as far away from this as possible. Don’t even think about throwing your hard-earned money at these “can’t-miss” opportunities. You’ll just end up losing everything and living in a cardboard box, begging for spare change. Trust me, it’s not worth the risk.

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Laxfed Paulacy
Straight Bias Crypto

Delivering Fresh Recipes, Crypto News, Python Tips & Tricks, and Federal Government Shenanigans and Content.