Two ‘self-sustaining’ pyramid schemes briefly became the most popular decentralized apps (DApps) on Ethereum this week.
Money Pours Into ‘Fomo3D’ and ‘PoWH’
Data from monitoring site DappRadar shows Fomo3D and PoWH 3D held the number one and number two spots among DApps July 22, pushing the highest-placed ‘legitimate’ offering – decentralized exchange IDEX – into third place.
Between them, Fomo3D and PoWH currently hold around 96,000 ETH ($ 42 million) in their smart contracts.
Fomo3D describes itself as an “ironic jab at the cryptocurrency ICO space” which “puts every player in the terrifying and tempting position to Exit Scam everything and run away with massive life-changing amounts of real Ethereum.”