With their beforehand launched Bitcoin Vault Ponzi coin failing and affiliate recruitment down, Mining Metropolis has introduced a brand new Ponzi shitcoin launch.
Electrical Money was initially introduced on Mining Metropolis’s social media accounts on December twelfth.
The announcement was made by Mining Metropolis CEO Gregory Rogowski. Electrical Money, like BTCV, is being developed by Mining Metropolis proprietor Eyal Avramovich.
As beforehand acknowledged, since being launched on dodgy exchanged BTCV has adopted the standard Ponzi shitcoin trajectory:
With investor recruitment tanking following regulatory motion towards Mining Metropolis within the Philippines, except new gullible traders are discovered elsewhere, BTCV will proceed to dump.
Electrical Money is an try to persuade what’s left of Mining Metropolis’s associates to baghold their nugatory BTCV.
As defined by Rogowski;
BTCV will play an enormous position within the preliminary adoption of Electrical Money.
You may stake your BTCV for a given period of time and obtain Electrical Money completely free of charge.
“Stake” is code for “park BTCV with Mining Metropolis”. In return for not cashing out, Mining Metropolis traders will likely be rewarded with Electrical Money, which prices Mining Metropolis little to nothing to generate on demand.
The identical is in fact true of BTCV, and so successfully now we have a brand new Ponzi shitcoin being launched to prop up one other.
Rogowski claims Mining Metropolis will “proceed to assist BTCV”. Except affiliate investor recruitment picks up nonetheless, how the corporate will fund withdrawal requests is unclear.
With out new traders, sooner of later the precise cash taken in for BTCV will run dry.
Rogowski and Avramovich run Mining Metropolis out of Poland. Rogowski’s December eleventh video was shot in what seems to be a non-public residence.
Avramovich shot his personal video from the identical room on the identical night time, towards the backdrop of a bar:
Rogowski is sitting on the similar desk Avramovich is, simply from a special angle with the home windows behind him.
Avramovich’s video is available in at [2:59], most of which is spent pretending BTCV and Electrical Money aren’t Ponzi shitcoins he and Rogowski steal investor’s funds via.
Replace third August 2022 – Eyal Avramovich has deleted his BTCV and Electrical Money protection video.
I had included a hyperlink to the video however as such have eliminated it. Gregory Rogowski’s excuses video stays obtainable.