RATE Group | Who’s King Of The Ethereum DApps? Two Self-Confessed Pyramid Schemes
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Who’s King Of The Ethereum DApps? Two Self-Confessed Pyramid Schemes

24 Jul Who’s King Of The Ethereum DApps? Two Self-Confessed Pyramid Schemes

Posted at 11:13h in Ethereum News by

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Two ‘self-sustaining’ pyramid schemes briefly became the most popular decentralized apps (DApps) on Ethereum this week.

Money Pours Into ‘Fomo3D’ and ‘PoWH’

Data from monitoring site DappRadar shows Fomo3D and PoWH 3D held the number one and number two spots among DApps July 22, pushing the highest-placed ‘legitimate’ offering – decentralized exchange IDEX – into third place.

Between them, Fomo3D and PoWH currently hold around 96,000 ETH ($42 million) in their smart contracts.

Fomo3D describes itself as an “ironic jab at the cryptocurrency ICO space” which “puts every player in the terrifying and tempting position to Exit Scam everything and run away with massive life-changing amounts of real Ethereum.”

“…Fomo3D is intentionally designed so that developers have no access to the funds or influence on the rounds,” its description reads. “The game runs entirely on human greed, to the profit of everyone playing.”

PoWH 3D, which stands for…

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