Why is Bytnex formally known as Cryptex NOT a Scam

Going round the internet for the legitibility of bytnex formally known as Cryptex, i ccame across several bloggers and vbloggers who interprets the opportunity differently  referring it to the exchange in Russia also known as Cryptex.

These bloggers and vbloggers dont do proper research and mostly sought after information from Ai which scrap information from the internet to feed their blogs.

First of all, Bytnex started since 2016. Bytnex is not into buying of crypto coins, no  trading or what ever they call it but they act as validators on the blockchain. Bytnex is a community which comprises of the members who are wallet owners like you and me, banks and insurance companies. Bytnex being roughly 9 years in existence is due to the strategy used with bitcoin...anonymity. Bytnex is 100% anonymous. 

You only register using your email and password. No phone number or KYC. The banks, wallet holders and insurance companies are all anonymous.

Immediately you register as a community member on bytnex through your upline, all that you are required to do is to pay a processing fee of $100 per contract which is used to acquire an insured loan on your behalf. You can buy up to 130 contracts of different duration and if you want more, you can write the support to give you the permission to buy extra numbers.This loan secured is then invested in the bytnex staking pool which pays you daily profits. These daily income are compounded throughout the contract period to make you more money.

They have the 2 years contract, 3 years contract, 5 years contract and 7 years contract which is believed to scrapped off from the system soon. The 2 years contract pays you $21,500 per each 2 years contract you have. The 3 years contract pays you $35,000 at the end of the contract period. The 5 years contract pays you $471,000 at the end of the contract period and the 7 years contract pays you over a $1,000,000 in earnings.