Is BZZ a Scam Despite Being Supported by Vitalik Buterin?

Mining becomes increasingly viral against the backdrop of the turmoil in the market under regulation. The extremely short payback period claimed by a recent project named ‘Swarm (BZZ)’ has drawn numerous investors attention.

However, any project is risky, and BZZ is no exception. Its business operation has seen countless tricks springing up, especially during its private placement.

It is reported that a substantial number of individual investors hold amounts of BZZs private placement amid this hype, a range of which from USD 50 to USD 100 even USD 200. It is worth noting that the price of private placement in a primary market is only USD 0.32.

Profits are vulnerable to encroachment however enormous they are because of the high prices played up in the private placement. The rest of them is no match for the risks borne by investors.

In fact, profits can be gained based on private placement in the primary market as investors conduct quick entries and embrace low bid prices. However, the likelihood of entering the market at the wrong timing increases with prices growing steadily during the hype, let alone the profitability of entries.

Investors go nuts in face of windfall profits even if they can lead them to abysses in cryptocurrency trading. Supported by Vitalik Buterin, this project can be joined reasonably. But, please be cool-headed!

As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!