3100% Returns In 8 Months: Is BlockAura The Next Bitcoin or Just Another Ponzi Scheme In The Works?

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3100% Returns In 8 Months: Is BlockAura The Next Bitcoin or Just Another Ponzi Scheme In The Works?
As soon as I saw the headline, I knew I had to share it. Truth be told, I read the article right away because I didn't want to miss out on a good money-making opportunity, whether it was a Ponzi scheme or not.

Founder: Firoz Multani
Name: BlockAura
Token:TBAC

According to an Indian man- Sanjay Kamble, he made about 3100% profit in just 8 months on BlockAura, and for some reason seems to believe that BlockAura is the next Bitcoin. Despite his claims, the crypto community has outrightly declared the TBAC coin a ponzi. Sanjay took his predictions a little further when he stated that TBAC will hit the $10,000 mark in less than 3 years.

According to the official website, BlockAura is a revolutionary platform built to create smart contracts for security tokens to bring back an actual store of value of the assets. It is a high-throughput blockchain that will support 450–500k transactions per second without complex solutions like layer two. Firoz Multani, a Dubai-based Indian man, started the project in 2021.

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Besides Hive which gives you 20% interest on your savings, TBAC supposedly gives a staking reward of more than 25% a month(do you still smell a rat?). Firoz Multani implies that your capital remains safe regardless of whatever storm passes.

In addition, your investment capital is safe come rain, come shine, and only your profit may fluctuate with fluctuating token market prices. Deep down in my heart, I’m contemplating putting a good amount of money into this new scheme. However, considering me heartbreak I got from ponzi schemes in the past has not melted away as I thought.

This reminds me of the MMM Ponzi scheme in Nigeria that took everyone by surprise when they practically duped thousands of people. They lured more people in with their juicy interests or money-doubling offer, only to end it one day.

To date, no one has recovered a penny of their stolen funds. Sad. I sincerely hope this TBAC scheme is 100% legit and 100% here to stay. Again, when something looks too good to be through, the only right thing to do is be careful, and to DYOR.

A Twitter user claims that the project manipulates people with big promises like cars, homes, etc. Due to such practices, he calls BlockAura, an MLM Ponzi scheme. The crypto influencer Pushpendra Singh believes that “crypto + MLM = scam.”
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So, do you also think that the TBAC is another ponzi scheme, or do you believe that it’s just another token?

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