This script highlights the rise of NFT-based pyramid schemes, particularly in Pakistan, where financial regulations are minimal compared to countries like the US. These schemes lure participants with promises of quick profits and double returns, creating a cycle where early entrants benefit at the expense of those at the bottom. The lack of oversight allows these scams to thrive, exploiting individuals’ desperation for financial gain.
The mechanics of these schemes are simple: initial participants are paid using the money of newer recruits, creating a pyramid structure. While some individuals profit at the top, the majority lose their investments. Despite widespread awareness of the deceptive nature of these operations, greed often overrides caution, leading to continued participation. The script serves as a cautionary tale about the dangers of chasing unrealistic financial promises.
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