Ponzi tokens on the push of a button, “technical error” exit-scams, “we acquired hacked!”, Boris CEO factories… the MLM crypto area of interest is by default set to fairly silly.

Then there’s MLM crypto scams like GSPartners that take it to an entire new stage.

Again in January BehindMLM documented GSPartners giving up on manipulating G999’s buying and selling worth.

Consequently each day buying and selling quantity dropped to ~$60,000 and G999 is sitting at 0.0037 cents as I write this.

There’s nonetheless some weak manipulation occurring, as you may see G999 bouncing up and down if you happen to watch the each day chart.

LYS token is a part of G999’s Lydian World NFT Ponzi spinoff. LYS is your typical “set it up in 2 minutes” BEP20 MLM Ponzi token.

Seems the manipulation bots had been simply converted from G999 to LYS.

The above chart is from the final 4 hours of LYS on Bitex Stay. You’ll be able to clearly see somebody has set a goal of ~$1800. The one motion are drastic swings up and down, the identical we noticed with G999.

Zoom out and also you’ll see LYS had a late December launch goal parameter of ~$950. That was shortly bumped to $~1060 on December thirtieth and was stored in place for a month.

On January thirty first the bots had been shut off, sending LYS into freefall to $1.40. This seemingly displays LYS’ precise public buying and selling worth on the time.

On February third GSPartners fired up the buying and selling bots once more, this time with a ~$1030 goal.

There’s been a little bit of motion as associates on the high of the Ponzi money out, however ~$1820 on common has been maintained since about February twenty second.

What’s significantly amusing about this manipulation is LYS’ marketed market cap on Lydian World’s web site:

At time of publication LYS’ market cap is $1.6 trillion {dollars}.

To place that into perspective, your complete tracked cryptocurrency market at present has a market cap of $1.75 trillion.

There are supposedly 1684 LYS bagholders. You’ll be able to guess what’d occur if only a few of them tried to money out.

Additional including to the lulz is GSPartners’ boasting 377,409 Lydian World signups.

There are 75 folks utilizing Lydian World of that complete quantity as I write this.

If we head over to BSCScan, we be taught that 99.9999% of LYS is held in a single pockets.

That pockets has a steadiness of 888 million LYS. You’ll be able to in all probability guess who it belongs to.

For reference, the second largest pockets steadiness isjust 181 LYS tokens.

To summarize:

1. because of buying and selling manipulation LYS’ market cap is $1.6 trillion {dollars}
2. supposedly LYS is unfold out throughout 1684 wallets
3. GSPartners claims there are 377,409 Lydian World accounts, leading to a 0.4% pockets to consumer ratio
4. 99.9999% of LYS is held in a single pockets

Like I stated, the MLM crypto area of interest is fairly silly at the very best of instances. GSPartners’ failing Ponzi nevertheless is borderline imbecilic.

At time of publication Alexa ranks the US as the one notable supply of visitors to Lydian World’s web site (85.9%).

Neither GSPartners, Lydian World, proprietor Josip Heit or any promoters are registered with the SEC.