BitConnect was one of the biggest scams in the cryptocurrency world over the past few months. Unfortunately, it is not the only project that people need to be very wary of right now. MasterCoin+ shares a lot of similarities with how BitConnect operated, even though it seems the projects are not directly related.
The Worrisome Signs of MasterCoin+
It is important to note right off the bat that MasterCoin+ has nothing to do with MasterCoin, now known as OMNI. The former’s name choice is rather interesting, as it seems unlikely the team chose that name out of the blue. By tagging a plus sign onto an existing cryptocurrency, the MasterCoin+ team seemingly wanted to gain recognition quickly. It is doubtful the attempt will prove successful, though.