Pyramid game

Pyramid game is seen as a way of scamming. People at the top of the pyramid, those who started the project or are early on, put in an investment, and then they start persuading other people to do the same. As a result, for example, a crypto coin that has no further use case quickly becomes more valuable. Those who entered first then exit with a good profit. The participants who joined last lose their bet and are left with a worthless crypto coin.

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Cryptopedia: Pyramid game