Wangxin digital currency Group Co, Ltd

1.

Basic routine: the "trading market" of MLM digital currency is basically controlled by specific institutions. In order to attract investors' investment in the early stage, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money

There are three characteristics of digital money MLM:

1. Digital money is a real proct, and it is highly packaged

2. The participants can get a head pulling reward, and the prize is the digital currency itself

3. Digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants, including the lowest level participants, will also gain, but in the cycle of devaluation, the bottom level participants often lose a lot

in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency. They are: treasure money, Baichuan money, SMI, MBI, mark money, Diablo money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century fox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc

extended materials:

five ways to distinguish whether digital currency is pyramid selling currency:

1. Issuance mode

virtual currency does not rely on specific monetary institutions. It is proced by a large number of calculations according to specific algorithms, and is a decentralized issuance mode. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode

virtual currency is a kind of sporadic transaction spontaneously formed in the market, which is graally completed by a third party establishing an exchange after the scale is formed. The MLM currency is issued by an institution and traded on its own platform

3. Implementation method

virtual currency itself is an open source program, which is maintained in GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

4, whether to give the source code link

General decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. The MLM currency focuses on the transaction process of recharge purchase, but does not mention its operation mechanism. Even the website does not have the link address of the source code

5, whether the official website starts with HTTPS

generally, the addresses of the official website and trading website of decentralized digital currency start with HTTPS, and the purpose is that this kind of website can well protect the user's data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

2. Do you think digital currency is MLM? In fact, we need to make a concrete analysis of this issue. At present, China has not issued legal digital currency, let alone promotion team. The basic routine of this kind of MLM is that in order to attract investors' investment in the early stage, the money price will be very high, and then the money will be sold intensively, the price will drop sharply, and the investors will lose all their money. What's more, when the money is returned, the platform is closed directly and the organizers lose contact. Then they go to other places to pack new concepts and continue to cheat according to similar deception methods. Compared with other pyramid schemes, digital money pyramid schemes generally have the following characteristics: first, there are real procts - digital money, and they are highly packaged; The second is that participants can get a head pulling reward, and the prize is the digital currency itself; Third, the digital currency will appreciate with the increase of the number of participants in the scam, and the number of participants who can obtain digital currency will also increase, including the lowest level participants will also make profits, but once entering the depreciation period, the bottom level participants will lose all their money. In fact, digital currency and MLM are different concepts and cannot be equated. Whether digital currency is pyramid scheme depends on whether it meets the conditions. Strictly speaking, not all digital currencies are pyramid schemes. Bitcoin, for example, is a digital currency, but not a pyramid scheme. Therefore, we must treat problems differently.

3. Are you sure it's the United currency of this company? Generally, only digital currency and virtual currency are called currency. So there is a great chance of being cheated. Even if you are not cheated, it's difficult to get back the principal. Under normal circumstances, the police rarely file cases. There are hundreds of thousands of financial fraud cases every year!, There is also a possibility that other companies are shell companies!

4. There are many currencies higher than the RMB exchange rate, for example:
1. International reserve currency

US dollar, German mark, Japan, British pound, French franc, Swiss franc and Dutch guilder. Since 1994, the IMF has listed the "European monetary unit" (ECU, known as euro since 1999) as a new international reserve currency

5. It's really hard to say. Many of these platforms didn't want to cheat people at first, but if they couldn't continue to operate, they would cheat people. Investment needs to be cautious.

6.

There are 13 member enterprises under the group, whose son is old and can't be controlled by independent parents, not

7. Vanguard Group's institutions, including wechat financial management, HTC capital and United gold, illegally raise funds for employees. If they issue internal fund Dongfanghong procts in violation of regulations, they should not return the principal e on December 28, 2018, force employees to continue to invest in procts, and force employees to leave their jobs before returning the principal in batches in March 2019. At present, 35% of the principal promised to be returned before leaving the company has not been returned. The reply given by contacting the person in charge of the fund in Beijing is to ask the leaders for instructions. For such a dishonest group, even the money of its own employees is in the pit, not to mention external financial management? Is there anyone else who dares to buy the procts of online trust?

8. If you are not in the eye of money, the staff of nettrust financial management, the company issued a total of $50000 of original shares, you want to buy, you are in this instry, you want to buy, do you want to buy or not, I don't know? What's more, if you just do this instry by yourself, you can't understand it. Ask others