PonziCoin
The world's first legitimate ponzi scheme.
Description
PonziCoin was the world's first legitimate ponzi scheme.
Legal Name
-
Former Legal Name(s)
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Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2017
Operational Duration
1 year
Shutdown Date
2018
Last Financing Round
-
Total Raised
-
Last Financing Date
-
No. of Funding Round(s)
-
No. of Investor(s)
-
No. of Employees
-
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Development
Transactional Model Type
B2C
Defensibility Moats
User networks,
City
San Francisco
State/Province
California
Country
United States
Industry
Blockchain
Categories
Cryptocurrency, Bitcoin, Internet,
- Lies and Manipulation
- Rishab Hegde, a developer, "jokingly" built a cryptocurrency based on Ethereum.
- He had warned investors on the coin's landing page that it was a Ponzi scheme and added even more warnings in the Frequently Asked Questions section.
- But despite the given warnings, he also manipulated the investors to buy the coins telling them to think of the Lamborghinis that they would have soon.
- After around 8 hours, PonziCoin had drawn attention and it had accumulated around 250 Ether coins which were valued at $250,000 USD.
- Afterwards, Rishab pulled the plug and shutdown the site because things had gotten "crazy out of hand".
Manipulated investors to buy the coins.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | FirstCoin | 27.3% | A cryptocurrency with the goal of coordinating economy sharing and crowdfunding with a special focus on supporting startups. | Blockchain | Bitcoin, Cryptocurrency, Startup | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
2. |  | NuruCoin | 23.3% | Peer-to-peer Internet currency that enabled instant, near-zero cost payments to anyone trading in the world. | Blockchain | Bitcoin, Financial Services, Cryptocurrency | Kenya | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2018 | - | - | - |
3. |  | Bitcoin Private | 21.1% | A community-driven cryptocurrency that was forked from Zclassic and Bitcoin. | Blockchain | Bitcoin, Cryptocurrency, Finance, Financial Services | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2018 | - | - | - |
4. |  | TruStory | 19.6% | A place where people could come together to have productive debates. | Blockchain | Cryptocurrency, Software, News | United States | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2018 | - | - | - |
5. |  | Tether | 18.9% | Tether Holdings operates a platform to store, send, and receive local currency person to person globally. | Blockchain | Bitcoin, Cryptocurrency, Finance, Financial Services | Hong Kong SAR | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11-50 | - | - | Active | - | - | 01-Jan-2014 | - | - | - |
6. |  | BitConnect | 18.3% | An open source all in one bitcoin and crypto community platform. | Blockchain | Bitcoin, Cryptocurrency, FinTech | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2015 | - | - | - |
7. |  | Nullex | 13.8% | A private, secure and scalable decentralized platform for creating, registering and relaying economic data between participants. | Blockchain | Cryptocurrency, Bitcoin, Big Data | Canada | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2018 | - | - | - |
8. |  | DasCoin | 13.8% | A global currency designed to deliver an optimal blend of security, convenience and utility. | Blockchain | Digital Currency, Bitcoin, Cryptocurrency | China | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2016 | - | - | - |
9. |  | Coinhive | 12.9% | An in-browser Monero cryptocurrency miner. | Blockchain | Cryptocurrency, Financial Services | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2013 | - | - | - |
10. |  | GoNetwork | 10.3% | A highly scalable, low cost mobile first network infrastructure for Ethereum. | Blockchain | Bitcoin, Cryptocurrency, Mobile | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
11. |  | Qwasder | 9.7% | The world's first decentralized mobile application based on Ethereum blockchain that will offer people Internet connectivity everywhere in the world. | Blockchain | Blockchain, Applications, Cryptocurrency | Switzerland | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2018 | - | - | - |
12. |  | Cryptokart | 9.2% | A global cryptocurrency exchange. | Blockchain | FinTech, Trading Platform, Cryptocurrency | Georgia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2017 | - | - | - |
13. |  | Bitdeal | 9.1% | Bitdeal was a digital currency that allows two willing parties to conduct safe and private transactions anywhere around the world. | Blockchain | Internet, Cryptocurrency | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Active | - | - | - | - | - | - |
14. |  | Folm Coin | 8.9% | An open source and decentralized digital cryptocurrency based on blockchain. | Blockchain | Cryptocurrency, Bitcoin | Turkey | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | - | - | - | - |
15. |  | BitAI | 8.8% | An artificial intelligence trading machine. | Blockchain | Cryptocurrency, Bitcoin, FinTech | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2017 | - | - | - |
16. |  | COBINHOOD | 8.8% | A platform that offered an exchange for trading cryptocurrency. | Blockchain | Computer, Cryptocurrency, Finance, Software | Chinese Taipei | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2017 | - | - | - |
17. |  | JoyToken | 8.6% | Revolutionized gambling by enabling a new generation of games developers and players - smarter games for smarter players. | Blockchain | Cryptocurrency, Gaming, Developer Tools | United Kingdom | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2017 | - | - | - |
18. |  | USI Tech | 6.9% | Claimed to develop the world’s first automated trading platform for Bitcoin (BTC). | Blockchain | Bitcoin, Cryptocurrency, Trading Platform | United Arab Emirates | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2017 | - | - | - |
19. |  | Keplertek Token | 6.2% | A decentralized ecosystem based on blockchain technology for automation of Startup Acceleration. | Blockchain | Bitcoin, Cryptocurrency, Finance | Georgia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
20. |  | Nubits | 5.5% | A stablecoin cryptocurrency pegged to the US dollar. | Blockchain | Bitcoin, Cryptocurrency, Software | Sweden | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
21. |  | Coinome | 5.1% | A cryptocurrency exchange that offered instant deposits, withdrawals and crypto-crypto trading. | Blockchain | FinTech, Trading Platform, Cryptocurrency | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2017 | - | - | - |
22. |  | Rapture | 4.9% | A blockchain cryptocurrency project that focused on charitable giving. | Blockchain | Cryptocurrency, Bitcoin, Communities | Panama | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2018 | - | - | - |
23. |  | Wala | 4.4% | A financial service app built on the blockchain for cash-based consumers in emerging markets. | Blockchain | Banking, FinTech, Internet, P2P, Financial Services | South Africa | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
24. |  | Oyster Pearl | 3.9% | A hybrid IOTA/Ethereum smart contract platform designed to help websites garner revenue. | Blockchain | Internet, Advertising, Software | Canada | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2017 | - | - | - |
25. |  | Koinex | 3.4% | Digital assests exchange. | Blockchain | Bitcoin, Trading Platform, Financial Services | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2017 | - | - | - |
26. |  | CoFoundIt | 3.3% | A distributed startup accelerator based on blockchain technology. | Blockchain | Cryptocurrency, Consulting, Crowdfunding | Slovenia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2017 | - | - | - |
27. |  | Bitspark | 2.7% | A Hong Kong-based cryptocurrencyremittances company that served the Asia-Pacific markets, | Blockchain | Cryptocurrency, Bitcoin, Payments, FinTech, Finance | Hong Kong SAR | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
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| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
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| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
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