Daily Divs Network
- An honest Ponzi Scheme
Warning: Don't fall for Ponzi schemes and other (pyramid) investment frauds. These scams involve paying longer-standing members with money from new participants, instead of actual profits from investing or selling products / services to the public. This cannot be sustained and will always collapse eventually. Protect yourself and your money by steering clear of any "opportunity" bearing warning signs of a Ponzi or pyramid scheme.
Daily Divs Network, or DDN, is an open source, honest and mathematically verifiable Ethereum smart contract. On a simple level, the contract is responsible for giving out a certain amount of DDN tokens to whoever gives ETH to it. On top of this, it can also give out ETH should you want to sell your DDN back to the contract. Both of these things are done in such a way that if completely liquidated, every single wei (the smallest unit of ETH) can always be accounted for and paid back.
Here's where it gets tricky, for every DDN token that exists, the price increases by a tiny bit and will also decrease when they are eventually sold back to the contract. This is more complex than you probably think but the contract needs to accurately determine the output for this variable price rate. This mechanism is what gives the contract its 'ponzi scheme' nature but in this case, the rules are very clear and most importantly, immutable and decentralized.
This page had 56 views and 19 clicks (34% CTR) in the last 180 days