Zethr: the next big thing or another pump and dump Ponzi Scam?
DISCLAIMER: I AM NOT RECOMMENDING THIS.
DOUBLE DISCLAIMER: I AM TOTALLY NOT RECOMMENDING THIS.
Okay I have watched a few videos and I still don't fully understand this. It's a gambling coin that pays out in ETH and the ETH is bankrolled by the people buying coins, who get dividends. I think.
Zethr is a community-driven decentralized betting platform powered by tokens that appreciate in value as token supply goes up and decreases as token supply goes down, and a house edge for the casino that pays out dividends regularly to token holders
When you buy the coins you have the option to choose a percentage, I chose 33 percent. So you lose 33 percent of your ETH but get huge dividends. You can also choose a low percentage like 2 percent and lose only a small amount but get smaller dividends. I don't have a lot to say, can't stress enough the high risk this is. I have put a few links up, this is pretty new, info still coming out. You will need to install Metamask to use it.
Once again I am not recommending this, vouching for it, referring you, or any of that shit. I invested a tiny amount of ETH to see how it works, if it works. If I lose it it's no biggie. There are people investing huge in it. What do you think?
@viraldrome it's tough to say anything about zethr . I am also thinking to not participate in this. But I will decide more after doing more study.
It seems to be a Ponzi scheme as you said in your title. First members could win !
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