Seemingly
trapped in Russia
and
desperately trying to cover previously failed launches
, Blockchain Sports has launched JGGL (pronounced “jiggle”).
JGGL is an app that sees users enter various prompts to generate AI slop “music”.
Oh and of course JGGL brings with it a new layer of securities fraud.
JGGL’s public-facing business model is pretty straightforward; have AI bots of unknown origin regurgitate slop from undisclosed sources and get charged fees for every action.
Not so disclosed, as in not disclosed at all, is Blockchain Sports selling virtual shares in JGGL for up to $100,000:
Marketed as “founder packs”, JGGL’s virtual shares appear directed to existing Blockchain Sports investors – most of whom have already lost money.
$JGGL tokens are used to pay fees to use the app. Whether $JGGL is another cryptocurrency Blockchain Sports has created isn’t disclosed.
On the regulatory front JGGL, like Blockchain Sports, isn’t registered with financial regulators in any jurisdiction. Offering unregistered shares is illegal in every jurisdiction with a regulated financial market.
On the MLM side of things, JGGL offers up a seven level deep unilevel compensation plan.
level 1 (personally recruited promoters) – 10%
level 2 – 5%
levels 3 to 7 – 2%
Note this is on the Founders Packs. Blockchain Sports appears to keep all app revenue (if we’re being honest, JGGL app revenue is likely to be negligible).
Additionally, 5% of JGGL Founders Pack investment volume is sent to the Legends Pool.
JGGL promoters earn a share in the pool by generating $500,000 in downline investment volume. $1,000,000 in downline investment volume will get you three shares.
Obviously with nothing marketed or sold to retail customers, the MLM side of JGGL operates as a pyramid scheme.
Blockchain Sports is run by by convicted fraudster Dmitriy Saksonov (aka Dima Saksonov).
Since late 2023 Blockchain Sports has been part of Jeremy Roma’s
four-times collapsed Daisy Global Ponzi scheme
.
JGGL marks the fourth reboot of Blockchain Sports. The original Ponzi was a shitcoin scam built around SPORTS and FTBLL tokens.
Blockchain Sports’ second iteration was an
NFT Ponzi built around ATLA token
, targeting Daisy Global investors.
After that came some
AI drifting nonsense
. Now we have another AI ruse with JGGL.
JGGL’s launch coincides with a recently launched
fifth Daisy Global reboot
, similarly utilizing an AI trading bot ruse.
🤖 Quick Answer
What is JGGL and who launched it?JGGL is an AI-powered music generation application launched by Blockchain Sports. The platform allows users to input prompts to generate AI-created music content. JGGL operates alongside a native $JGGL token, which is used to pay fees for actions within the app, and is listed on exchanges such as MEXC.
How does JGGL's business model function?
JGGL's public-facing model charges users fees for each action performed within the app, including AI music generation through prompt-based inputs. The $JGGL token serves as the platform's payment mechanism. Additionally, Blockchain Sports offers "founder packs" described as virtual shares in JGGL, priced up to $100,000.
What are the founder packs sold by Blockchain Sports for JGGL?
Founder p
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