A few week in the past BizzTrade, a Ponzi continuation of the BizzTrek pyramid scheme, introduced it was leaping on the crypto fraud bandwagon.
And so we have now BizzCoin, one other shitcoin that gullible Ponzi buyers will finally be exit-scammed via.
BizzCoin was quietly launched just a few months in the past. It’s an ERC-20 token that may be arrange in about 5 minutes.
After being collected by BizzTrade’s house owners and circulated amongst their interior circle, BizzCoin was listed on Bilaxy on or round April 2020.
Bilaxy is a shitcoin change with just a few thousand customers. It seems to be operated by nameless Chinese language talking admins out of Asia.
After debuting publicly at 39 cents, right now BizzCoin has a public worth of 44 cents.
And I exploit the phrase “public” in probably the most broadest sense, as a result of naturally exterior of BizzTrade there isn’t any curiosity.
Since being generated BizzTrade have been flogging BizzCoin to buyers via packages.
- Starter – €50 EUR
- Professional Starter – €100 EUR
- Enterprise – €500 EUR
- Professional Enterprise – €1000 EUR
- Dealer – €5000 EUR
- Professional Dealer – €10,000 EUR
- VIP – €25,000 EUR
And seeing as BizzTrade generated BizzCoin out of skinny air, they’ll generously offer you a day by day return on no matter you make investments.
- Starter and Professional Starter buyers obtain as much as 0.4% a day
- Enterprise and Professional Enterprise buyers obtain as much as 0.6% a day
- Dealer and Professional Dealer buyers obtain as much as 0.8% a day
In case it wasn’t clear, these returns are paid in BizzCoin. BizzTrade supplied the identical returns however in precise cash.
And that brings us to why BizzCoin was created.
Cryptocurrency permits Ponzi scammers to “pay” returns utilizing an in home shitcoin.
As creators of the shitcoin, they will assign themselves no matter ridiculous quantity they need, earlier than going public.
It’s from this shitcoin stability returns are paid out, and being publicly traded they don’t should honor withdrawal requests.
Can’t promote your shitcoin to truly money out? Oh nicely, provide and demand.
The tip-game right here is hyping BizzCoin within the hope gullible schmucks soar on board. Right here’s an instance from BizzTrade’s official BizzCoin presentation:
That projected return is in fact primarily based on nothing. It’s actually plucked from skinny air.
If BizzCoin pumps, the house owners and early buyers money out. That dumps the general public worth, leaving these left with baggage of BizzCoin they will’t money out.
The MLM trade has seen this situation play out time and time once more. But there by no means appears to be a scarcity of gullible buyers prepared to flush their cash.
Taking a step again, BizzTrek surfaced a few 12 months in the past. By October it was on the rocks, prompting the launch of BizzTrade.
Six months later in an try and fend off pending withdrawal issues, BizzTrade has launched a shitcoin.
Be it a foreign currency trading Ponzi scheme or shitcoin magic cash Ponzi scheme, at no level in its historical past has BizzTrade registered its passive funding alternative with a monetary regulator.
And if the corporate’s current “launch occasion” is something to go by, BizzTrade’s principals have already relocated from the UK to Dubai.
You know the way this ends.
Replace twenty ninth November 2021 – BizzTrade has deleted its “launch occasion” video from its YouTube channel.
This text initially contained a hyperlink to the video however following its deletion, the hyperlink has been eliminated.
Replace fifth January 2022 – BizzTrade’s BizzCoin crypto Ponzi scheme has collapsed.
BizzTrade has rebooted as BizzTradePro. The Ponzi scheme is now run via BizzCoinPro, a reboot of BizzCoin.