Phoenix digital currency scam

1.

Vpay digital currency is MLM

Vpay digital money MLM organizations obtain wealth by developing personnel and requiring them to pay a certain fee to obtain the qualification. The essence of vpay digital money pyramid scheme is "Ponzi scheme", that is, the later's money is distributed to the former's income

vpay digital currency is a new type of MLM: it doesn't restrict personal freedom, doesn't accept ID cards and mobile phones, and doesn't take big classes collectively. Instead, it uses capital operation as a banner to pull people to cheat money, drives luxury cars, wears gold and silver, and uses money to attract relatives and friends to join, and finally achieves the point of no return

extended materials

features and precautions of MLM:

no matter how the MLM organization changes face, only three features need to be seen:

1. Whether it needs to subscribe for goods or pay fees to obtain the qualification to join

2. Whether it is necessary to develop others to become their own downline and form a hierarchical network

Whether the remuneration and bonus are calculated on the basis of the number of directly or indirectly developed personnel or sales performance, the income of participants is not from the reasonable profits from the sales of goods or services, but from the fees paid by others when they join. As long as these three characteristics are met, it is definitely MLM

methods to distinguish direct selling from pyramid selling:

at present, 71 direct selling enterprises have obtained direct selling license, and 19 collimating enterprises have applied for direct selling license. According to the regulations, direct selling procts should meet the national certification, licensing or mandatory standards: cosmetics, health food, cleaning procts, health equipment, small Kitchenware and other five categories. Financial investment, tourism and other procts are not included in the regulations

reference source: Fenghuang finance and Economics - the end of vpay pyramid scheme

reference source: Xinhuanet - guard against "digital currency trap"

2. There is no evidence that Phoenix has ever issued digital currency. If Phoenix wants to issue digital currency, there will be relevant news reports. Therefore, the phoenix net issuing digital currency is a false information. More than 80% of this kind of money is MLM money. Before the JPMorgan dollar is also under the banner of JPMorgan for false publicity, and finally disappeared without a trace
if you don't confirm whether it's MLM currency or not, compare it with mainstream digital currencies such as bitcoin, Ruitai, Weimeng and Laite.

3.

Don't be seced by high income, and don't be fooled. None of those who play digital currency on the Internet is safe. There are too many cheaters now. Take care of your money bag, so as not to lose all your money.

4. These are just pretexts,

Hello, LCF (Rothschild Internet of things) is a Ponzi scheme. Please don't believe the recommendation of relatives and friends and don't join in.

5. With the purpose of offline development and the t of high return, it is MLM
pyramid selling is an illegal act. If the circumstances are serious, it is suspected of a crime
for those who are cheated in MLM, because most of the money they pay is wasted, it is difficult to recover the losses
to prevent pyramid selling, we should be careful of our relatives and friends.

6. The digital currency issued by the central bank is the digitalization of RMB, and there is no need to distinguish the types