![shutterstock_529947526.jpg](https://steemitimages.com/DQmeoSUWMNoBwPrNvS5AxfUHLz9QgHS8rvwxHV6p16fzxLH/shutterstock_529947526.jpg)

We have seen a fair few new currencies and tokens launch throughout 2017. Not all of these ventures are worth investing in or even legitimate to begin with.

A few companies have cloned the BitConnect scheme, by the look of things. After ETHConnect, we now have NEOConnect as well. This situation is slowly getting out of hand, as many people will eventually lose a lot of money. Always do your own research when it comes to new projects like these.

The most obvious answer would be “no, absolutely not”, even though that is a biased response. A lot of people claim BitConnect and ETHConnect are Ponzi schemes as well, yet others continue to make money with them.

OneCoin is also known to be a major pyramid scheme, yet there are people out there who make their living off it. Whether or not NEOConnect falls into this category remains to be seen.

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