Is The Billion Coin a Scam?
The infamous Billion Coin (TBC) is a complete and total Scam!
But why is The Billion Coin Scam so notorious?
During the time when Ponzi schemes and the majority of many other MLM systems were at the peak of their reign, there was this obvious scam called TBC (The Billion Coin) investment.
Based on The Billion Coin Wikipedia archive on the TBC blog site update, this particular coin promises to function as the ultimate rival to challenge Bitcoin, but used no strategies, and never had any Cryptocurrency analytical background.
Somehow, it still found its way to gain popularity in the western African nation of Nigeria
Many folks have purchased this particular scam coin (with baseless assumptions) that it’ll quickly become a blockchain, and also be a popular coin just like Bitcoin.
All the information you read about TBC (The Billion Coin) are scam promotions.
Anyways, I won’t discourage anyone who would otherwise like to purchase this coin though, but in my own opinion, it is a crypto scam wanting to make as much money as it can before vanishing.
So, let’s dig in a little deeper…
What is The Billion Coin (TBC)?
The Billion Coin (TBC) is cryptocurrency that was created in March 2016.
But how and buy who?
Nobody really knows…
Nevertheless, it has reported that its market value and price increases on an everyday basis, and never ever comes down in value.
This just means that it is not in any way influenced by the fluctuations of the trading sector, and that is dependent on need and also a source of various other kinds of cryptocurrency.
The billion coins (tbc) is advertised to be person-based and is driven by the quantity of verified users. Today, who are these verified users, and where phrases were they confirmed?
TBC price determination formula:
The price = Number of Verified Members x 1€.
Plus it implies, if the Billion Coin reaches one billion people, each TBC coin is well worth one billion Euros instantly.
Who Invented TBC?
Regarding the owner, no one has stepped up to claim it.
The administrator behind the scam is guy name Kris Kringle. So your guess is as good as mine.
Merry (Freakin’) Christmas!
The Billion Coin exchanger
There’s simply no exchange anywhere for transforming TBC to BTC, and some additional alternative cryptocurrency to Bitcoin (known as Altcoins).
Although TBC is alleged to be worth up to 105 BTC, but if you’ve bought it, then you’re stuck with it. Which logically places the real value at zero.
It’s not mentioned on Coin Market Cap, or the world Coin Index. The sole means to exchange your TBC is luring someone else to the scam and immediately provide the coins to him/her.
They particularly warned that every one buying and selling of TBC should be performed with the billion coin current price. Because the exchange of TBC at a discount price is forbidden, and there’ll be consequences.
Additionally, they insisted that there ought to be absolutely no giving from The Billion Coin as presents (i.e. TBC to fiat dollar exchange should and needs to be a paid transaction), and also anyone found responsible is punished in this investment scheme.
A Severe warning is being given out to investors who moves against its membership agreement.
TBC exchange punishments
The Billion Coin administrator made it very clear that anybody who defiles its policy will be given a 6 months suspension without any further warning.
At any rate, that was the initial punishment until recently, as the punishment was intensified by them to deactivating and deletion of defaulter’s bank account completely.
TBC official sites
At the moment, there have been many sites recommended as the Billion Coin website, and also it has approximately 6 official websites:
Concept Of the Billion Coin
The Billion coin is believed to be making use of a program method that measures the development of its verified participants and thus compensates the expansion adequately.
It works depending on the principle that an individual Euro multiplies the total number of its verified investors, precisely why they did not employ the billion coin exchange to dollar, is exactly what nobody knows about.
Today we need to say they’ve one million verified investors, just what it does is multiply one euro by 1 million that will provide us one million euros.
This could be giving away one million euros because of the price of the Billion Coin per euro.
It’s, in addition, reported that the price of TBC is going to continue to grow by 1% – 5% daily until it gets to one billion per coin thus the title – One Billion Coin.
TBC is anticipated to act like alternative cryptocurrencies which use market forces to figure out their price/value but work on a formulation that is likely to advertise the coin at intervals.
In case you simply must understand, this concept particularly defies all fiscal logistics.
Rewards For Joining TBC Program
The same as every other Ponzi scheme, the billion coin price continues to cut up, and also it’s being based on the recruitment of individuals that utilize the billion coin app or website login page.
This’s a procedure they’ve been using to capitalize on the number of individuals who employ The Billion Coin phony wallet app.
If you’ve 1 TBC or more once they had been thousand verified members then if you recruit in a team or perhaps separately which gets to 5000 verified people you’ve just earned.
The Billion Coin (TBC) wallet
Based on the reviews located on the Google Playstore, the TBC wallet app isn’t in fact a complete mobile application, but a Web App on the main Billion website.
Though they reported the Billion Coin App is all in one for TBC business, where you advertise TBC with Kringle Cash, and also you can in addition deal with your coins together with the tbc 009 wallet.
However, several of the users of this particular app discovered, the TBC wallet app is simply filled with banners and adverts.
The Billion Coin Trade
I am going to conclude that here, TBC (The billion coin) isn’t anywhere near to becoming a genuine cryptocurrency, and should not be viewed as one.
In the conventional sense, it is the complete opposite of the leading edge of fiscal revolution cryptocurrencies have come to provide. TBC has 0 innovations, inactive and poor community the website as am writing is now down.
According to my discovery, The Billion Coin (TBC) that advertised to become a peer-to-peer electronic currency ended up being a potential scam, since it is not authentic or even legitimate.
You can change the bogus currency because of their TBC to BTC exchange free, but can’t do it vise versa.
Nevertheless, the risks of TBC becoming legit is extremely thin as they say it is going to go public in case they achieve one billion people which won’t ever happen thinking about the way the price is artificially controlled. Till then do not lay your hard-earned money on TBC
Here’s are some additional facts to the proof
- The billion coin (TBC) isn’t listed on coinmarketcap that will be the regular repository of digital currency in the crypto world.
- The value of TBC is said to typically increase also refuting the law of gravity. The values aren’t based on the need and also source of the coin and it is not speculative.
- No dependable online exchange is listing the billion coin (TBC) on the exchange of theirs which signifies when the owners by the time the coin crashing users that received it’ll remain with a worthless coin. This ought to be an issue for TBC participants as you cannot swap your coins to the electronic or maybe fiat currency but and then a fellow member.
- It tends to make applications associated with a multi-level marketing process getting new members.
- The billion coins (TBC) do not have any source code, absolutely no white papers, guide and also intensify it’s artificially mined when the miners aren’t shown on the public ledger.
The Billion Coin website
Based on its website, TBC is moving up two % each day, each day. Put simply, the makers of these particular scams claim that the price never ever drops and also goes up. That is not rational at all if the market dictates the price. Markets go up, and markets go down; this’s why the reasoning behind perpetual income is fallible.
Based on the TBC website, original stakeholders who purchased €100 of TBC on March twenty-one, 2016, all obtained 10,000x gains in 6 months period and are millionaires. The website continues that anybody that buys soon is going to earn identical gains. Finally, it states, “Buy just as much TCB as you are can for today. The price of TBC won’t ever be this particular reduced again!”. There is additionally a video version of this particular article narrated by a seventy-five dollars spokesperson on Fiverr.
As we mentioned before, during the time of posting, the alleged price of 1 TBC was 68 BTC (bitcoin), and also it is nowadays hundred five BTC (bitcoin), therefore it will be hard to truly stuff up on it. To produce one billion millionaires is TBC’s quest, and so the website says. TBC also would like to end world poverty. In all truth, its manufacturers have lined their spaces scamming individuals and also may possibly go away some minute.
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