BNB Miner Finance presents itself as the longest-running and most sustainable BNB yield farming DApp. It is not a traditional registered company but rather a smart contract deployed on the blockchain. The platform allows users to deposit Binance Coin (BNB) to "hire miners" which, in the context of the platform, is a metaphor for staking. These miners then "dig" to generate daily returns of up to 3% on the user's investment. The project's sustainability and returns are dependent on a continuous inflow of new deposits from users to pay out existing ones, a mechanism widely characteristic of high-yield investment programs (HYIPs) and Ponzi schemes. The project is managed by an anonymous or pseudonymous team.

Founded in

United States