A friend of mine (cousin of cousin) got into this community that define themselves as a DAO that revolves around Crypto and NFTs, telling me that he’s making money off of it and whatnot, after some chatting he invited me to a speech he and some colleagues of his were holding this week.
The speech basically explained how the market is shifting towards the metaverse and decentralized operations, covering NFTs, Web 3, DAOs and other crypto things, comparing the modern crypto guy to Buffett, saying that this is a new market that not many are familiar with, telling us not to worry about it and that no one knew Facebook back then either.
Then towards the end they explained how their DAO community worked. They never really explained how they are really making money, except the fact that to join them we would need to buy an NFT, and there were 10 different levels of them, starting from 100 euros, each costing more than the previos and having more benefits going up in price. If we were to join we would be tutored by a professional and supposedly make money by staking on crypto, but they said that the real money is made by recruiting others to buy those NFTs: whenever we recruit someone we would get a percentage kickback on their purchase of the NFT.
They recommended to buy the one that costs 1500 euros, around the middle of the pack. They said that it can be liquidated and 50% of the money would be turned directly into cryptocurrency, and the fact that we can easily make 1500 euros back in a month by recruiting some people and with the staking.
Shit started to smell really fishy here, isn’t this basically just a pyramid scheme? I want to hear your opinions on this.
submitted by /u/DaRealMasterBruh
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