Digital currencies (or cryto currencies) are big business with BitCoin leading the way and a lot of people have made big money from BitCoin. There are some who lost a lot of course as the price can be highly volatile.
There is a new sort of cyber currency called PAX coins. It’s really a means of betting on other cyber currencies and companies on the PayperEx market but scam emails are circulating about PAX that give a deliberately simplified and misleading view on PAX.
Refer to https://fightbackonline.org/index.php/guidance/12-explanations/92-payperex-exchange-and-pax-cyber-coins for further information on PayperEx and PAX coins.
The scam emails claim ”Finally PAX is here! A True and very special digital coin”
“If you bought 100 dollars where the Bitcoin on that day seven years ago it will be worth 73 million dollars”
And so it goes on linking the past of Bitcoin with the future of PAX, but of course there is no connection or correlation.
PAX coins cannot be bought as such, only traded on PayperEx and the value depends on the value of the items that the PAX coins represent.
Trading on PayperEx is very new and it may be legitimate, but the risks are huge and these emails are just scammers looking for easy money.
Do you have an opinion on this matter? Please comment in the box below.