The popular Billion Coin (TBC) it’s a full blown SCAM!
During the time when Ponzi schemes like MMM and the rest of all other MLM schemes where at their peak of reign, there comes this raving scam called, TBC (The Billion Coin) investment.
According to The Billion Coin Wikipedia archive on the TBC blog update, this coin claims to be the rival that will challenge Bitcoin, but based on logistics, and never had any Cryptocurrency analytical background or historical origin.
Somehow, it still found its way to gain exposure in the western African country (i.e. Nigeria).
Lots of people have bought this scam coin (with mind and baseless assumptions) that it will soon have a blockchain, as well become a popular coin just like Bitcoin.
All these TBC (The Billion Coin) info are all scam promotions.
Anyways, I will not discourage anyone who still wants to buy this particular coin though, but in my own opinion, it’s a cryptocurrency scam waiting to engulf asset it can attract before disappearing.
Before we conclude on weather it’s actually risky to invest in it or not, let me use this opportunity to differentiate and also exposure the historical analysis I personal made concerning this coin in particular.
Let’s dive in already…
What is The Billion Coin?
The Billion Coin (TBC) claims to be a cryptocurrency that was invented in March, 2016. But by who… and how?
However, it also claimed that it’s market value and price increases on daily basis, and never goes down in value.
This simply means that, it’s not in anyway affected by the logic of the market, which is based on the demand and supply of other types of cryptocurrency.
The billion coin is claimed to be a user based, and is determined by the number of verify users. Now, who are these verified users and on which terms were they verified?
TBC price determination formula:
The Price = Number of Verified Members x 1€.
And it means, if The Billion Coin reaches 1 billion users, each TBC coin will be worth 1 billion Euros instantly.
Who introduced TBC?
As regards to the owner, there is no visible face tagged to it.
It has an admin known as Kris Kringle who is the scammer behind this fake project, as ‘Kringle’ is a small unit of TBC such as the cent is to dollar and Satoshi to Bitcoin.
There is no exchange anywhere for converting TBC to BTC, or any other alternate cryptocurrency to Bitcoin (known as Altcoins).
Even though, TBC is alleged to be worth up-to 105 BTC, if you have it, you are stuck with it. Which logically place the true value at zero.
It is not listed on Coin Market Cap, or world Coin Index. The only ways to exchange your TBC is to lure someone else to the scam and directly sell the coin to him/her.
They specifically warned that all buying and selling of TBC, must be done at the billion coin current price. Because exchange of TBC at discount price is forbidden, and there will be consequences.
They also insisted that there should be no giving out of The Billion Coin as gifts (i.e. TBC to fiat dollar exchange must and has to be a paid transaction), and anyone found guilty will be punished.
A Severe warning is being issued out to anyone who goes against its membership agreement.
TBC exchange punishments
The Billion Coin admin made it clear that anyone, who defiles its agreement policy will be given a six months suspension without any further warning.
At least, this was the initial punishment until recently, as they intensified the punishment to deactivating and deletion of defaulter’s account entirely.
TBC official websites
As the time, there were many websites acclaimed as The Billion Coin website, and it’s about six official websites:
Principle Of The Billion Coin
Cryptocurrencies are designed to operate as a decentralized and an open source they are either base on the proof of work or proof of stake.
TBC claims to be based on the proof of work, even though, the miners are not shown on their public ledger.
Typically, cryptocurrencies like bitcoin, Ethereum, Dash, Litecoin and Ripple and many others utilizes the blockchain technology by making use of encryption techniques to create and secure transaction.
However, TBC (The Billion Coin) seems to have failed in it, by doing the opposite (i.e. no blockchain and no records of transactions).
The Billion Coin (TBC) Calculator
The Billion coin is said to be using a software formula that measures the growth of its verified members and hence compensates the growth adequately.
It works based on the principle that one Euro multiplies the total number of its verified members, why they didn’t use the billion coin exchange to dollar, is what no one knows about.
Now let’s say that they have one million verified members, what it does is multiply one euro by one million which is going to give us one million euros.
This should be giving out one million euros, as the price of The Billion Coin per euro.
It is also stated that the price of TBC will continue to grow by 1% – 5% daily until it gets to one billion per coin hence the name – One Billion Coin.
TBC is expected to behave like other cryptocurrencies that uses market forces to determine their price/value, but uses a formula that tends to promote the coin at intervals.
If you must know, this principle in particular, defies all financial logistics.
Rewards For Joining TBC Program
Just like every other Ponzi scheme, the billion coin price keeps going up, and it is being determined by the recruitment of people who use the the billion coin app or website login page.
This is a process they have been using to maximize the number of people that uses The Billion Coin fake wallet app.
If you have 1TBC when they were 1000 verified members then when you recruit in a group or individually and it gets to 5000 verified members you have simply earned.
The Billion Coin (TBC) wallet
According to the reviews found on the Google Playstore, TBC wallet app is not actually a full mobile application, but a Web-App to the main Billion website.
But they claimed that The Billion Coin App is All in One for TBC business, where you promote TBC with Kringle Cash, and you can also manage your coins with the tbc009 wallet.
However, some of the users of this app revealed, that the TBC wallet app is just full of adverts and banners.
The Billion Coin Trade
I will conclude that, TBC (The billion coin) is not anywhere close to being a real cryptocurrency, and shouldn’t be regarded as one.
In the traditional sense, it’s the opposite of the cutting edge of financial revolution cryptocurrencies has come to offer. TBC has zero innovations, poor and inactive community the website as am writing is currently down.
According to my discovery, The Billion Coin (TBC) which claimed to be a peer to peer digital currency turned out to be a potential scam, because it’s not genuine or legitimate.
You can convert the fake currency with their TBC to BTC exchange free, but cannot do it vise-versa.
However, the chances of TBC becoming legit is very slim as they claim it will go public if they reach 1 billion users which will never happen considering the way the price is artificially controlled. Till then don’t put your hard earned money on TBC
Here’s are some additional facts to the proof
- The billion coin (TBC) is not listed on coinmarketcap which is the standard repository of digital currency in the crypto world.
- The value of TBC is claimed to always go up even refuting the law of gravity. The values is not base on the demand and supply of the coin and it’s not speculative.
- No reliable online exchange is listing the billion coin (TBC) on their exchange that means if the users by the time the coin crashing users who obtained it will be left with a worthless coin. This should be a concern for TBC members as you can not exchange your coin to any digital or fiat currency but only to a fellow member.
- It makes uses of a multi level marketing system to get new members.
- The billion coin (TBC) has no source code, no white paper, road map and worsen it is artificially mined as the miners are not displayed on the public ledger.