Under the structure of the project, the company used seven out of every 10 fire tokens from each nest to pay rewards to other investors and two in 10 to invest in new crypto projects, while one in 10 went into a “liquidity pool”. It insisted this approach was sustainable but the investment projects did not appear to have produced returns when the company’s website went offline.
Isn’t that great? It said upfront that it was largely a Ponzi with some small amount of speculative investment as well.
Now there seems to be surprise that it’s a Ponzi.