SuperBCoin – another scam in the blockchain world

We were approached by a reader asking us to comment on the sudden closure of the SuperBCoin project.

What is known about SuperBCoin

This project was popular in Kazakhstan. Website of the project is currently unavailable. But you can find site archives on the Internet. Judging from archived copy of the site and other sources found on the Internet, the SuperBCoin project positioned itself as a cryptocurrency trading platform and offered its participants to register on the site and be verified. For this, participants received a welcome bonus of $10 (and according to some sources $8). Participants were then able to buy and sell cryptocurrencies based on the signals provided by SuperBCoin and earn from 3% to 10% per day. And it was enough to do this for 1.5 hours a day in the evening.

There is no contact information and location address of the project on the website of SuperBCoin, there is only an e-mail for feedback. There is no information about the registration of this company on the site.

The website said that Superbcoin has been operating since 2014, but no information about its existence until February 2022 could be found. Queries about this company in Yandex appeared only in March.

The project also rewarded its participants in every way possible for attracting new users. A gradation of participants was developed, depending on the place in which users could receive a weekly “salary”. The constant principle of pyramid schemes was to bring as many people as possible to the project and be rewarded for it.

The project’s commercials on Youtube are similar to those of MMM or online casinos. В Twitter SuperBCoin has almost no followers. There is a channel at TelegramWith 3,600 subscribers. The last entry in the channel was published on May 13. It says that due to problems with the local service provider the project site is unavailable. In fact – this means the end of the project, because such a reason does not withstand any criticism.

At the beginning of April in the telegram channel of the project, there was an announcement about the increased payments for the attraction of new clients. There was also information about the upcoming listing of the project on the Nasdaq exchange with a capitalization of $110 billion.

SuperBCoin – another financial pyramid (scam project)

It seems that the project worked according to the following scheme. Potential participants were shown profitable trading on the servers of the project itself. Participants were pushed in every way to bring real money into the project, allegedly to buy USDT. Balances of USDT and other cryptocurrencies, most likely, were simply drawn in the personal accounts of participants. To give credibility to the project and to attract new participants for some time payments to participants were made at the expense of proceeds from new participants. At some point (May 13) there were less incoming funds than withdrawals, and the project closed.

SuperBCoin -. another scam project, hiding behind trendy terms like blockchain and cryptocurrency, aimed at stealing money from gullible citizens. Judging by the quality of website design, promotional videos and Telegram channel, the project was aimed at people far from understanding of the crypto-world.

Be vigilant if you are offered to participate in a project where you can get rich doing almost nothing. Think about what the project earns such a percentage. And why such a “successful” project needs your money.

Author: Elvir, analyst Freedman Club Crypto News