A few weeks ago, a friend called my attention to pinkoin, a digital asset by InksNation which claims to reduce poverty in the World by allocating coin to every member of its community.
In this post, I’m not going to delve into how it plans to pay a member (who joins with N1,000) a lifetime of N120, 000 or $342 monthly, rather I’ll tell you eight cogent reasons why I believe that iBSmartify, the company that registered the coin, is another scam set out to rip you off your hard-earned money. read more