Crypto Terms: Letter P
Ponzi Scheme MEANING:
What is Ponzi Scheme?
Ponzi Scheme - is a fraudulent financial operation that offers investors enormous rates of return with low risk.
Let's find out Ponzi Scheme meaning, definition in crypto, what is Ponzi Scheme, and all other detailed facts.
A Ponzi scheme is a deceptive financial scam that promises investors high returns with little risk. It also produces rewards for earlier investors by taking money from subsequent investors. It is comparable to a pyramid scheme in that they both rely on new investors' contributions to pay off previous supporters. Organizations that participate in a Ponzi scheme devote all of their efforts to enticing new clients to invest.