AURICOIN Blockchain: PONZI Scheme? (Personal Review)

juanmolina(69)

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Project HOPE

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Do You know the AURICOIN Blockchain platform?

This company is shown as an initiative that aims to support the financial growth of mankind with the granting of personal and business credits, supported by its own "RIC" token, on a platform for the commercialization, exchange and direct transfer of cryptocurrencies.

Its philosophy is based on the democratization of financial credits.

AURICOIN, by democratizing credit, aims to bring these injections of money closer to sectors with less possibilities of accessing credit, given the rigorous formal requirements that banking institutions usually have.

One of the most shocking points of AURICOIN's policies is the fact that loans are granted "without collateral and without cumbersome paperwork". There are hardly any identification documents for natural persons, although it varies a little in the case of people Legal

Among the advantages offered by AURICOIN in the granting of credits is:

Interest rates from 0.10 to 1% per year.
Grace periods from 3 to 6 years.
Payment period from 1 to 6 years.
Speed: the process is 100% online. No queues, no endorsement, no payroll, no paperwork.
There are no hidden or additional expenses or small letters, our service is transparent.
Response in just 24 hours once your request is confirmed.

So how is it possible that such an ecosystem can work?

I have always thought that if something sounds "too good" to be true, it is most likely a total farce.

I may be wrong with AURICOIN. Although I don't think so.

My feelings were further accentuated when I read the first two steps requirements in the procedure for granting credits:

A person interested in acquiring a loan must contribute or spend $ 32.76 buying the RIC token.

I immediately went to look for this token / cryptocurrency on my favorite CoinGecko page just to realize that it is not listed and that it is not in any exchange, although on the main page of AURICOIN they indicate that each token has a value of 888.88 USD.

Responsibility Disclaim

I am not an expert in cryptocurrency analysis nor am I a financial advisor.

What I have exposed here are only my impressions about this platform, which in my opinion does not generate the necessary confidence to make the contribution they request to be part of the ecosystem.

Here what I see is a pure and simple PONZI scheme.