He wrote it himself somewhere, he could run with the money... its not a smart contract, all payments are manually handled... so yes it is a scam in crypto terms.
Wise is 100000 times wiser: http://www.ilovewise.tech
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Of course, there are risks. But trying to promote affiliate links to some project does not make WISE looks better.
So you get tokens for staking tokens. Where does value come from?
Also, trying to hide a referral link with a domain does not make it much less spammy.