Is Swiscoin a new strong crypto or just financial pyramide?

Nowadays hundreds of cryptocurrencies are available on the market. It involves both great opportunities and high risks. Did anyone think 7 years ago that Bitcoin would cost 577 dollars? Today many people blame themselves for shoty views.

Swiscoin is one of the newcomers on the market. Currency demonstrates steady growth – in the beginning of sales it was $0.07 - the current rate is $2.76. Founded by a billionaire who backs up the growth by his money, and is now ranked #37 in the list of top 100 cryptocurrencies on https://coinmarketcap.com/

And now let’s have look at the process of participation you as an investor or a miner.

1. You cannot invest without a special invitation from current members.
2. You should purchase one of the packages offered: $100 - beginner, $500 - seller, $1,000 - pro seller, $3,000 - express seller, $5,000 - platinum seller, $11,000 - premium seller.
3. Each invitation brings a member a % of the amount invested. It looks like some kind of a financial pyramid.
4. Each membership package has its own features – number of splits, generations of invitees. For example, an $11,000 package has three splits and 5 generations of invitees, while a $100 package has no splits at all and just 2 generations of invitees.
5. Splitometer. This is a special parameter, which in course of time, namely when it reaches 100 pointer, multiplies your tokens by 2.
   
6. The process of mining tokens into coins takes about 2 months.

On the one hand we witness a very promising cryptocurrency, on the other hand there’s a typical financial pyramid.

I decided to take a chance and bought one of the packages. So far tokens are on mining, and I’m waiting. After half a month I’ll be ready to tell you about my experience.

What do you think about such workflow by Swiscoin?