It is a pyramid scheme and a form of fraud in which investors are lured into depositing their money and then receiving attractive interest so that the investor feels safe and deposits all his money and then everything evaporates.
The same strategy is used today by many trading platforms that tempt you to deposit and collect attractive returns that appear to you for the first time as an opportunity of a lifetime.
_How to know whether the platform is using a Ponzi trick or not?
All platforms that use a Ponzi scheme do not require you to verify your identity, and this is in opposition to global monetary policies. Add to that your investment awareness.
_Is it possible to scam on Ponzi platforms?
Sometimes you can withdraw part of the funds before depositing, but this is not always available on all platforms
- What is the relationship between Ponzi schemes and network marketing?
In network marketing, the victim is the person you engage with in investment, and sometimes you are also the victim. As for Ponzi schemes, you are the first victim.
Anyone who has been scammed by a specific platform, please include its name so that this does not happen again to anyone else
Thanks and regards