Earlier this year in July, products that have been resembling ‘Ponzi Schemes’ have been ‘topping the charts’ amongst decentralised applications (dapps) which are running on the globes second biggest blockchain.
For those of you who don’t know Ponzi schemes are:
“A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors.“
If the transaction values and user counts on the aforementioned applications are high, then so is the concern of the customers when they face using them.