Y’all know those collapsing ICO lending Ponzi schemes that have pretty much dominated the MLM underbelly of late?
Yeah, those scams that tons of people have lost money in. Well, turns out the problem isn’t they’re all just Ponzi schemes, rather it’s just a branding issue.
Leading the pack with a new generation of the ICO lending Ponzi model is ThornCoin, and you’re not going to believe what they’ve come up with.
Having
already launched with an ICO lending Ponzi model
a few weeks ago, ThornCoin was well aware of the writing on the wall.
Pretty much every ICO lending Ponzi scheme launched over the past few months has either
received a regulatory cease and desist and then collapsed
collapsed organically as the pool of gullible idiots shrinks from scam to scam or
abruptly shut down and run off with invested funds
Fear not though, the astute Einsteins behind ThornCoin have a solution.
Same Ponzi ROIs each month, same ICO bullshit… they’ve just changed the name to “long-term staking”.
Seriously,
that’s it.
Well, not entirely. In an environment where ICO lending scams are bleeding, ThornCoin have also ditched level 2 and 3 commissions.
The company now offers only a flat 5% single-level commission on new investment.
That’s down from the initial 8% on level 1 ThornCoin initially offered.
Oh and US IP addresses are now blocked from accessing the ThornCoin website…
Forbidden Region!
Due to local regulations your country and/or region is not allowed to operate with this website.
Cuz y’know, that’ll keep those pesky regulators away.
Despite ThornCoin’s US ban, Alexa still peg the US as the largest source of traffic to the ThornCoin website (15%).
So where to from here?
Well seeing as ThornCoin is
still
just another ICO lending Ponzi scheme, refer to the three outcomes above.
Either ThornCoin will receive a cease and desist and the admins will exit-scam, or they’ll collapse due to a lack of interest or they’ll just shut down before collapsing and run.
Tell you what though, there’s obviously some bombastic geniuses running the ICO lending niche.
“Long-term staking”… I mean, wow. Just wow. Cure for cancer next?
🤖 Quick Answer
What is ThornCoin's "long-term staking" model?ThornCoin rebranded its ICO lending mechanism as "long-term staking" to distance itself from regulatory scrutiny facing similar Ponzi schemes. The underlying investment structure remains functionally identical to previous lending models, merely adopting new terminology to address market perception and legal challenges in the cryptocurrency sector.
Why have ICO lending schemes faced regulatory action?
Regulatory authorities have targeted ICO lending platforms for operating as unregistered securities offerings and Ponzi schemes. These platforms typically promised unsustainable returns funded by new investor capital rather than legitimate business operations, triggering cease-and-desist orders from financial regulators worldwide.
What pattern emerged among collapsing ICO lending platforms?
ICO lending schemes have failed through regulatory intervention, organic collapse as investor pools diminished, or voluntary shutdown. This pattern reflects structural unsustain
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