Gold Reward revolves around the use of Gold Reward Tokens, or GRX. Like other pyramid schemes, this digital currency isn’t linked to any products or services. Its value is based exclusively on memberships in the company.One of the biggest red flags on the Gold Reward website is that the company describes its currency as having “an infinitely increasing value”.They also claim that “Gold Reward Tokens can be traded for up to 35% ROI per month.”Gold Reward claims their token has three core functions, including:
- A high value reward coin
- A gamification technology
- Fuel for an intelligent analytics engine
The developers claim they’re building their token to “drive most mobile device assisted consumer centered systems like travel, games, sports, health etc”.Ultimately, there’s no evidence that Gold Reward has developed any of the above platforms. It’s unclear what the “gamification technology” is, or if they’re developing any real “analytics engine”. As mentioned above, the value of the coin – like the value of BitConnect and RegalCoin – seems to be derived exclusively from memberships in a pyramid scheme.Gold Reward mentions some type of “gamification” system. However, aside from using the word “gamification” a bunch of times, the website doesn’t go into any further details about the company’s platform. The website broadly describes how “the market growth of gamification is expected to reach $5.5 billion in 2018.” It’s unclear how the company derived that number, and it’s unclear what they define as the “gamification” industry.