Crypto Degens Search for Next 'Ponzi Game' After 'Bigcoin' Price Craters
Summary
Crypto game Bigcoin gained attention for its rapid rise and subsequent 83% crash in token price. Players buy in-game miners to earn BIG tokens, with the model relying on new players for rewards, leading some to embrace the "Ponzi scheme" label. Industry figures noted the game's simplicity and clear earning potential as appealing, contrasting with previous play-to-earn models that left players dissatisfied. Despite its unsustainable nature, Bigcoin attracted crypto traders seeking excitement amid a downturn in gaming tokens. The game's creator announced ongoing updates, raising questions about the future of such models in crypto gaming.
