What is the trick of virtual currency being cheated

1. Identifying whether virtual currency is a pyramid scheme is a bit of a bluff
the purpose of offline development and the t of high return is MLM
for MLM, you can refuse to join.

2.

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

3. The essence of quasi currency is decentralization, anonymity, security, open source, and so is blockchain. Because the price volatility of digital currency has always been large, it is impossible for users to put their digital currency in the centralized exchange for trading or let the centralized institution manage it on their behalf, because it is not convenient, and it also causes great security risks to users, so the virtual currency wallet developed with blockchain Technology has come into being
in the existing mainstream development enterprises, only a few of them can use the blockchain technology to develop the virtual currency related procts like Yingtang Zhongchuang, and there are many development schemes for reference.

4. Someone may have registered an investment platform software with your mobile phone, which is a profitable software, not bad!

5. Please go to consult, "Licang District Business Square" has a business service center
the policy of rent rection and exemption is implemented in "venture Plaza" in Licang District. College students within five years after graation can enjoy 100% rent subsidy in the first year, 50% rent subsidy in the second year, and 30% rent subsidy in the third year when they set up businesses in the "venture square of Licang District".

6.

Since the release of bitcoin, virtual currency has been popular. Because of its concealment, this virtual currency proced by blockchain technology has been accompanied by various money laundering crimes. Therefore, after the virtual currency entered China, the Chinese government directly banned the virtual currency trading, but there are still many people who are still stubborn

because leverage magnifies the risk, a little more volatility will lead to position explosion, which is exactly what these fraud groups hope to happen, because only the money that investors lose is the money that the fraud groups earn behind the so-called blockchain virtual currency trading platform, just like a large number of domestic fraud platforms that speculate on crude oil futures ten years ago

7.

“ Raising cats online & quot; New tricks and new scams are still Ponzi's old scams

the cloud cat is like this: you can adopt a cat online, and then transfer it to the cat owner. The cat owner takes the money to buy cat food to help you raise the cat, and regularly upload the daily photos and videos of the cat, so as to realize the cloud cat. Cloud cat is popular among the majority of young people. It gives those who love cats but have no time and energy to raise cats a chance to realize their desire to raise cats. It brings a lot of business opportunities as well as opportunities for swindlers to take advantage of{ RRRRR}

in fact, no matter what, their essence is similar to gambling, of course, the risk is also high. Victims often have a fluke mentality and want to make a profit from it, but you never know which batch you are entering the market, whether there will be investment in the future, or even when the boss will directly roll up money and run away

therefore, we should be vigilant, do not despise the financial risks in the project, and always maintain a calm attitude and judgment

8. Although I don't know much about this company in Nanjing, I think it's more likely to cheat, at least it's an irregular company, because they are engaged in so many businesses, especially in unreliable digital currency.

9. ‍&# 8205; Consumer rebate, lending platform, micro business pyramid selling, virtual currency, charity scam and pension investment are all the routines of pyramid selling&# 8205;&# 8205;