区块链ico是什么意思,区块链ico启动项目

区块链ICO（Initial Coin Offering）是指企业或个人通过发行新的加密数字货币，以融资的形式向投资者募集资金的一种活动。它是传统融资的一种替代，也是区块链技术的重要应用。本文将围绕这三个关键词：区块链ICO、启动项目和拓展，结合实际案例，来详细介绍区块链ICO的内涵及其在启动项目拓展中的作用。

区块链ICO是指利用区块链技术，通过发行新的加密数字货币，以融资的形式向投资者募集资金的一种活动。ICO有着许多优势，它可以让发起者获得快速的融资，投资者则可以充分利用区块链技术的优势，获得更高的投资收益。

启动项目是指利用ICO融资的资金，以启动新的项目为目的。在这种情况下，ICO的发起者可以获得投资者的支持，并可以利用融资的资金启动新的项目，从而实现自身的商业目标。

拓展是指利用ICO融资的资金，以拓展现有项目为目的。通过ICO融资，可以获得投资者的支持，并可以利用融资的资金拓展现有项目，从而实现自身的商业目标。例如，某公司可以利用ICO融资的资金，拓展现有的产品线，以满足更多消费者的需求，从而获得更多的利润。

总之，区块链ICO是一种新兴的融资模式，它可以为发起者提供快速的融资，也可以为投资者提供更高的投资收益。它可以用来启动新的项目，也可以用来拓展现有的项目，从而实现自身的商业目标。

⑴ What is the real situation behind the myth of ICO getting rich?

Behind the myth of ICO getting rich: a financing game that rips blood from the edge.

Unless the Internet is cut off, the raging ICO cannot be isolated. The first batch of people who "tested the waters" have already made a lot of money, and those who have followed are like crucian carp crossing the river.

“A young man selling mobile phones in Shanghai invested in a blockchain ICO project with 200,000 yuan from his parents two years ago. In the first half of this year, he found that the account assets had soared to 6 million yuan; another A small private equity partner has invested RMB 30 to 40 million in several ICO projects in the past two years, and now his assets have reached RMB 3 billion." On August 29, Sun Jie, a senior ICO player in Shanghai, revealed that similar legends of sudden wealth It happens every day in the market.

The reporter learned that when the popularity of ICO has far exceeded the market imagination and attracted close attention from regulators, the outside world has also been raging with debates about the crime and punishment of ICO. However, investors in the market have turned a deaf ear to these voices, because in their view, they cannot appreciate the excitement and risks of ICOs without truly participating.

How high are the chances of getting rich in an ICO? This can be seen by looking at the Xiaoyi Coin ICO completed by Shanghai Xiaoyi Technology.

According to the search results, as of August 25, NEO (formerly known as Little Yi Stock) has increased by as much as 282 times since the completion of the ICO and online trading in September last year. Such a rate of return is far higher than that of IPO new stocks. The increase in winning numbers lagged behind; while the second-ranked Shanghai Quantum Chain (QTUM) conducted an ICO on Yunbi.com in March this year, with an issue price of 2 yuan, and the opening price on the day of issuance was 66.66 yuan, an increase of 33 times in one day. Later, the price dropped all the way to more than 20 yuan, and then skyrocketed to about 57 yuan.

Such a sudden rise and fall in ICOs has made countless investors excited and rushing in desperately. The "Domestic ICO Development Report for the First Half of 2017" recently released by the National Internet Financial Risk Analysis Technology Platform shows that in the first half of this year, a total of 65 domestic ICO projects have been completed, with a cumulative financing scale of 2.616 billion yuan and a cumulative number of participants of 105,000. According to industry insiders, the number of people participating in ICO is definitely more than 105,000, and conservative estimates have exceeded one million.

⑵ ICO is not dead, IEO is on the rise again, and the currency circle is harvesting new postures

After creating a wave of wealth-making myths, the ICO that erupted like a volcano collapsed last year. , which indirectly affected the market value of the entire cryptocurrency market to plummet by more than 80%. Recently, A-shares and U.S. stocks have rebounded, and the already stagnant currency circle is not willing to be left alone. With the help of IEO, it has made waves that have not been seen for a long time.

Some people say that IEO will start a new round of bull market. Is this true?

First, let’s take a look at what IEO is, it is initial exchThe abbreviation of ange offering means initial exchange offering. As the name suggests, some tokens are pre-sold through digital currency exchanges. Participants can directly register and open an account on the exchange to participate.

Looks like a new thing?

It’s not.

Many exchanges have played this trick, including Yunbi in the past few years, fcoin, which became very popular last year, etc., and even the initiator this time - Binance's lauchpad, as a The originally envisioned incubator platform was launched the year before last, but it has never been used, so it is not a new thing at all.

However, this does not prevent the popularity of Binance’s two new projects, BTT and FET, which were sold out in less than 15 minutes. The price of the former increased by up to 10 times, while the price of the latter was slightly worse. , but there are also 5 times.

The outbreak of this bear market has undoubtedly made other exchanges jealous. Not surprisingly, well-known exchanges such as Huobi, OKex, and Bittrex have launched their own IEOs with various names but the same essence. platform.

Interestingly, in view of domestic regulatory pressure, generally only users outside mainland China can purchase tokens of IEO projects, which directly gave birth to another business - reselling overseas KYC (know your Clients) certification, the price of a set of KYC has soared from more than one hundred yuan at the beginning to nearly one thousand yuan.

The currency circle, which can only be said to be a pool of stagnant water, has not seen any waves for a long time. Even a splash of water will immediately attract the attention of countless deep-set leeks, forgetting that they just waved past their heads not long ago. sickle.

As the saying goes, there are no absolutes in everything. Compared with the ICO that once took the stage and is now notorious, IEO has made some progress:

First of all, there are certain requirements for IEO projects. After strict review by the exchange, although it is still unknown whether the project can ultimately achieve its goal, but with the endorsement of the exchange's own brand, at least it will not be a pure air project, which reduces the possibility of fraud.

Secondly, it increases security. IEO is not like ICO, where all transactions occur between individuals and project parties, but are completed on the exchange, which greatly reduces the risk of smart contracts being defective. The risk of coin loss is also relatively transparent.

Furthermore, the IEO project itself has completed the process of listing the currency on the exchange, which solves the problem of liquidity brought by previous ICO projects that had raised funds but could not be listed on any exchange due to various reasons. question.

However, even if some improvements are made, IEOIt is a kind of equity fundraising behavior. It is essentially the same as ICO. The process and gameplay are still similar. It just changes the subject of public offering from the project side to the exchange, and it can only be done by purchasing the platform currency of the exchange. If you exchange the tokens of the project, the price of the platform currency will inevitably rise; and because the amount of tokens sold only accounts for a small part of the total, it is conducive to the market maker's control.

For example, the BitMax.io exchange opened the token pre-sale of the blockchain project DOS Network at 10 a.m. on March 11. The quota was sold out in 5 seconds, but in fact it only accounted for the total circulation of DOS. 4.375%.

After the hot start, the token prices of several IEO projects have been falling all the way. Market investors have expressed their attitude with massive selling: I am just here to speculate. The life and death of this project is mine. No matter what, you will make money if you grab the quota, and you will be faster than anyone else when the market opens.

So, at least for now, IEO is a game of beating the drum and passing the flowers around. There is no way to get rid of the suspicion of cutting leeks. Exchanges with bleak trading volume, dying project parties, and media outlets that have laid off employees have all gathered together to keep warm. , hoping to harvest a wave of amnesia leeks from the leftovers of the currency circle.

Unfortunately, it has only been a few months since the ICO bubble burst, and the heavy damage suffered by the entire currency circle has not yet healed. The IEO launched at this time undoubtedly sprinkled another pinch of salt on the wound.

In the final analysis, the entire blockchain industry has not made breakthrough progress. It still cannot find a suitable business model, still lacks implementation scenarios, and still cannot independently solve some practical needs, even in finance. and gaming, etc. are areas considered suitable for taking root.

In Jack Ma’s view, blockchain is a security and privacy solution and a huge tool and application that opens up the digital financial gold mine. On this basis, it is expected to create a global, 24-hour An uninterrupted market for value exchange.

Embarrassingly, there is little value to exchange now.

⑶ What is ICO

1. ICO is a blockchain industry term and a common way to raise funds for encrypted digital currency/blockchain projects. Early participation Investors can receive the initially generated cryptocurrency in return. Since the tokens have market value, they can be exchanged for legal currency, which supports the development costs of the project.

2. The tokens issued by ICO can be based on different blockchains. A common argument is that the issuance is based on the Ethereum and Sunjian BitShares blockchains, with the blockchain providing accounting services and value consensus to achieve global issuance and circulation.

3. ICO participants are very important to the success of a project. They will promote the blockchain project in the community.Allowing the tokens it generates to gain liquidity before trading begins. However, what ICO participants value most is still the potential income brought about by the development of the project or the price appreciation after the token issuance.

4. On September 4, 2017, the People's Bank of China, led by the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, issued the "Announcement on Preventing Token Issuance Financing Risks" ”, pointed out that token issuance financing is essentially an illegal public financing without approval, and required that all types of token issuance and financing activities should be stopped immediately from the date of the announcement. At the same time, the organization and organization of token issuance and financing have been completed. Make personal arrangements such as withdrawal.

⑷ Is the LCC blockchain a scam? Thank you for the expert’s advice

After reading the white paper, the answer is: Yes
No: The progress of ico is currently pretty good. After the token comes out, you can swindle a sum of money (the probability is not high)

It is: a stupid project with no practical information at all and a technical fool's errand. A white paper written in two weeks. If you invest when the bubble bursts, you will be unlucky

⑸ Central media exposed 11 suspected MLM projects using the blockchain to issue coins

At the beginning of the new year, the sound of blessings Still nearby, People's Daily Online, in conjunction with authoritative content media such as Tencent News, WeChat Security, and Jiaozhen Platform, released a list of projects involving pyramid schemes in 2018.

The reporter noticed that among the 78 projects involving pyramid schemes that were exposed, there were actually 11 projects that used the blockchain to carry out pyramid schemes and issue coins.

The losses caused by pyramid schemes under the guise of blockchain are far greater than ordinary crimes. Huge amounts of wealth are transferred through invisible hands, which is the biggest worm in the blockchain era.

On November 24, 2018, Sebastian Greenwood, the once all-powerful OneCoin principal criminal who had been at large for a long time, was successfully captured by the FBI and the Thai Crime Collection Bureau. Extradited to the United States for trial.

Bastian Greenwood is the main culprit of One Coin, a global Ponzi scheme. It is reported that OneCoin will set up a "One Awards" bonus system to reward participating members. These members often participate in projects initiated by this organization, and the so-called projects will raise funds for its global foundation.

But someone soon revealed: “OneCoin used publicity and overseas activities to pretend to be very ‘high-class’, and then through high rates of return and wooing acquaintances, it actually formed a huge MLM system."

In May 2018, domestic regulatory agencies discovered that there were approximately US$7.2 million in funds related to the OneCoin Ponzi scheme.

Virtual currency scams have been around for a long time, and some MLM methods are not clever., but it does a lot of harm to people.

From April 2, 2016 to June 22, 2016, Ms. Li, a Zhongshan woman, was introduced to a man named Xu Moubin by her neighbor Ajun (pseudonym). During this period, Xu Moubin and Ajun repeatedly promoted virtual "mark coins" to her, and used dividends and appreciation as temptations. She believed them and eventually purchased a total of about 600,000 yuan of "mark coins" in 9 times. It was not until February 2017, when the "Mark Coin" website was closed, that she discovered that she had been deceived.

Among the many MLM coin cases, the most “classic” case is the famous “Five Elements Coin” with a value of over 10 billion.

As early as 2013, the State Administration for Industry and Commerce listed Zhang Jian’s “Cloud Digital Trade Alliance” as a pyramid scheme; in October 2014, Zhang Jian was arrested; in December 2016, Zhang Jian Soon after he was released from prison, he launched the Five Elements Coin MLM project. It is reported that the Five Elements Coin project also has Zhang Jian’s profile picture, but Zhang Jian is actually just a junior high school student whose real name is Song Miqiu. In June 2017, Zhang Jian was arrested and returned to China from Indonesia. This absurd farce ended and the legendary Zhang Jian finally fell from the altar.

According to the reporter’s understanding, among the 11 MLM coin projects this time, there is also the plot of “Real and Fake Monkey King”. The MLM organization used Stellar Lumens, which ranks sixth in the world’s market capitalization, to issue its own “ Stellar Lumens", investors fell into the trap if they were not careful.

Tell me another story about Dogecoin.

In 2017, Dogecoin was listed as one of the 350 MLM organizations by CCTV, but under the control of desire, it could not stop the strong rise of Dogecoin.

Dogecoin, a cute emoticon dog head, is called Dogecoin in English and code-named DOGE. It was born in December 2013. Co-founder Jackson Palmer said that he did it as a joke at first, just to mock Bitcoin. Later, with the help of reddit (an American social news site), within two weeks, the Dogecoin project website immediately became popular.

It can be said that the birth of Dogecoin has a lot to do with American Internet culture. On the American Tieba reddit, the doge emoticon is as popular as the three domestic emoticon giants, which means it is equivalent to the domestic tycoon.

The founder said that Dogecoin is not like Bitcoin. People do not participate in it for speculation, but to express emotions of sharing and concern. This also means that at the beginning, the spread of dogecoin relied on sharing between people.

OnChainFX data from Messari shows that Dogecoin had more average daily active addresses in December 2018 than in December 2017, in addition to Bitcoin and EthereumOutside of Bitcoin, Dogecoin is the cryptocurrency with the third most daily active addresses.

Currently, Dogecoin is second only to Bitcoin and Ethereum in terms of daily active addresses, reaching 72,955 in a day. Bitcoin currently has 536,738 valid addresses, Ethereum has 235,004, and Tron has only 21,255. The popularity of Dogecoin is evident.

According to real-time data from the cryptocurrency tracking website Coinmarketcap, the price of Dogecoin today is hovering around $0.0023, and its market value has dropped to $268 million from the highest of $1.7 billion on January 9, 2018. . Like most other currencies, it fell by more than 80% in one year.

However, Dogecoin’s market value still ranks 24th in the global market value rankings. Compared with more than 2,000 cryptocurrencies, it still despises all living beings.

Today, Bitcoin has been rectified under the light of blockchain, and few people have mentioned its ancient past that was single-handedly promoted by the dark web. But it is undeniable that there are still a large number of MLM coins that use the name of blockchain to conduct pyramid schemes.

While the blockchain carries the technical ideals of geeks, it is also being benefited by those who are interested.

At present, in the early stages of the development of blockchain technology, a strange circle has gradually formed in which idealists and deceivers coexist, and speculators drive out pragmatists. As the cold winter in the currency circle comes, projects collapse one after another, and bad coins drive out good coins.

There is a joke about a blockchain person chatting with an MLM person, and the MLM person was shocked: "What you are doing is illegal."

In fact, MLM people are thinking about one question all the time, that is, how to make it legal. Can I cheat openly and openly after obtaining a direct selling license? It turns out it can't.

After the Tianjin Quanjian incident broke out, on January 1 this year, Quanjian Natural Medicine Technology Development Co., Ltd. was placed under investigation on suspicion of organizing and leading pyramid schemes and false advertising. Then, as everyone was eagerly waiting, news came out on January 7 that 18 suspects including Quanjian’s boss Shu Yuhui had been detained.

The great transfer of social wealth is often accompanied by technological revolution, which is more dependent on material attributes than virtual attributes.

It is understandable that capital will use any means to pursue interests. Because this is the property of capital. At the same time, technology has no values. Whoever masters the technology will benefit from it.

In the past, MLM organizations tried to achieve financial freedom by pulling people’s heads without mastering capital or technology. Nowadays, MLM organizations have foundA new way to "get rich" that can effectively avoid legal supervision is to issue MLM coins under the guise of blockchain.

Seeing is worth hearing a hundred times. 24/7 digital currency transactions throughout the year, unknown currencies that multiply a thousand times a day, and the myth of wealth creation with one coin per villa. While blockchain is on fire, digital currencies are also on fire.

"Blockchain is not a bubble, Bitcoin is." Jack Ma has promoted his views in public more than once. Unfortunately, in the eyes of most investors, blockchain is digital currency, and digital currency is blockchain.

The reporter learned that some MLM projects that use blockchain to issue coins will move outside the government's strong support for the blockchain industry, but avoid talking about relevant digital currency supervision.

“Many MLM coins only borrow the name of blockchain and do not use any blockchain technology. They are still different from the famous air coins in the currency circle. At least they are actually using it. Blockchain technology." said one investor.

"It's tragic enough that talent is not enough to support ambition. What's even worse is that the whole body is full of ambition, but the IQ is squeezed into hell." The family members were fascinated by the "stellar currency" and lost all their money. At that time, a netizen’s message was thought-provoking.

The Asia-European currency fraud involved 4 billion yuan, and more than 70,000 people were deceived; the GCB glory currency involved hundreds of millions of yuan, and it has hundreds of thousands of registered members; the EGD network gold involved 10.9 billion yuan, and the registered members As many as 500,000 people; Wanfu Coin involved a case amount of 2 billion yuan, with 130,000 registered members; Darkcoin involved a case amount of 1.5 billion yuan, with more than 30,000 registered members; OneCoin involved a case amount of 600 million yuan, with 1.8 million registered members; The amount involved in the Laihui Coin case is 500 million yuan, with 200,000 registered members...

According to the reporter’s understanding, the number of MLM coins currently on the market is far more than the number listed this time.

Comparing the overall MLM cases in my country, the China Judgment Document Network shows that from 2002 to 2018, the total number of MLM cases in my country was 14,658, including 1,869 in 2014, 1,417 in 2015, and 1,417 in 2016. There were 3,085 cases in 2017, 3,313 cases in 2017, and 3,612 cases in 2018. The overall growth trend is much smaller than that of virtual currency pyramid schemes.

Based on the 166 cases of virtual currency pyramid schemes in 2018, in just a few years, virtual currency pyramid schemes have accounted for 5% of my country’s overall pyramid schemes (166/3612). This does not include the numerous ICO (Initial Coin Offering) MLM projects that are registered overseas and cannot be dismissed domestically for the time being.

The essence of MLM coins is actually not much different from traditional MLM. The methods of attracting people, developing offline, and issuing physical objects as collateral are already bad. But in the face of such familiar routines, investment Still unable to resist.

Under poverty and economic weakness, greed and hunger that have nowhere to go have become the biggest breeding ground for MLM coins. What about MLM coins? In front of desire, there is no need for IQ.

In this market, faced with endless temptations, most people are unable to distinguish whether this is an investment with huge profits or a scam that loses all their money. Under the temptation of greed, MLM has jumped on the blockchain train.

But please remember: pyramid schemes have been like tigers and wolves since ancient times, and a dream will eventually turn into a nightmare.

⑹ Why are all digital wallets on the market under the guise of blockchain a lie?

With the country’s announcement to speed up the development of blockchain technology, various adoptions in the market have There has been a change in blockchain technology for digital wallets and digital currency scammers, in what is known as a state-backed direction. Actually, this is due to some wrong ingredients.

This type of wallet, known as a digital wallet in the market, allows wallet operators to purchase ICO coins from abroad, allowing the operators to speculate on the coins and increase the value of the currency. In short, it's the same as "Postcard". The only difference is that the object name is replaced by "blockchain cryptocoin". As long as everyone keeps money in my wallet, everything is fine. You can say you can deposit 100 today and 1000 tomorrow.

⑺ Blockchain wallet scams.

What I want to share with you today is a blockchain wallet scam.

At present, various blockchain projects are flying all over the market. Whichever industry is popular will have which chain and which currency!

These blockchain projects are financial investment projects and are different from the blockchain technology advocated in my country’s key development directions. It is a fund package that uses blockchain technology as a bait for packaging, speculation, hype, and money trapping.

Blockchain is a decentralized super ledger that cannot be copied, falsified, or changed. A technology like this is still used in many practical scenarios in banks, insurance, and large companies such as Alibaba and Tencent.

Many so-called blockchain projects do not have any service targets, so just build a blockchain. Who will they serve? Where will they be applied? It is nothing more than creating a concept. Raise the currency price to make money.

I think there are two types of people who understand human nature best in the world, one is psychologists, and the other is liars. In the eyes of these behind-the-scenes bosses and liars, the new technology of blockchain, mixed with virtual currency, is an excellent story framework that can be used to make money with a little processing.

Those mainstream virtual currencies do not have extremely short cycles and collapse at the speed of light like domestic MLM coins or altcoins. Instead, they fall and rise in a long cycle.Up, up, up, down, just like the stock market. There is a saying in the currency circle that it is harder to keep money than to be a widow

Therefore, those who have the fantasy of getting rich all day long hold in the hands of these seeds that are said to be able to get rich, but they watch them fall every day. It goes up again and again, up and down again. Isn’t it like sitting on pins and needles? How many ordinary people can sit still?

At this time, the blockchain wallet came into being. “As long as you put the money on hand The virtual currency is deposited in my so-and-so wallet, the capital is guaranteed and the income is guaranteed, and it is quite comfortable to get rich while lying down."

There was once a very popular wallet product that claimed to guarantee principal and provide monthly interest rates as high as 10%-30%. The operation is even simpler than P2P. First deposit the virtual currency into the app account, then turn on the "smart dog" brick-moving mode, and then open the wallet every day and watch the assets rise. That is to say, you can make money while lying down.

Moreover, as long as you use the compound interest investment model and recruit people, the annual return is conservatively estimated to be 700%! If you recruit people to level 10, the rate of return will be 1400%! All fools know that it can Get rich!

Haha, this is the brilliance of a trader. One product can clearly arrange the psychology of leeks!

The wallet, to put it nicely, is called "quantitative trading bricks" "In fact, it is just a disguised fund disk. The essence is fixed rebates. In fact, those traders in the past found that consumer rebates are not easy to use, so they started to package them. Seeing that the blockchain is hot now, they used mainstream coins to make an article. I packaged a wallet and said My wallet has high-frequency cash out and high-frequency trading functions. In the past, you used to use money to buy products, or you gave me money directly. You are worried. Now I don’t want money. You use the money to buy Bitcoins. Then put your Bitcoins in my wallet, and I will give you interest every day of the month based on the amount of coins you put.

Well, Bitcoin is money, and you bought your coins with money. In the end, he may shut down the Internet and run away, then take all your coins and go to the transaction himself. All cashed out.

You want his interest, he wants your principal!

The blockchain wallet model is actually a model that uses fixed rebates to attract investors. The difference is that the deposit is virtual currency. The most typical blockchain wallet is the plus wallet.

For example, after you deposit Bitcoin, you will receive rebates every day. The source of the rebates claims to have smart arbitrage as an income. source, and then return you the platform currency, and then exchange the platform currency with a digital currency in the international market, and then go to Huobi.com to withdraw cash to obtain profits. When you withdraw cash, you will be charged a handling fee. For example, if you withdraw within 28 days, you will be charged a 5% handling fee. If you withdraw after 28 days, you will only be charged a 1% handling fee.Renewal.

It was officially launched on May 1, 2018, and the plus wallet trading platform was launched in October. It collapsed in June 2019. After running for more than a year, this disk package became one of South Korea’s Team operation is actually driven by the Chinese. Six traders have been arrested by the Chinese police. This project has 1 million members participating and the funds involved reach 20 billion yuan.

Judging from the running time, this product has a long existence cycle, which should be beyond the imagination of many people at the beginning. The reasons are:

First, it uses What you invest in is virtual currency, and what you withdraw is also virtual currency. For these mainstream currencies, Leeks have better illusions, thinking that there is still a lot of room for appreciation, and it will be more profitable to keep them. Since it is just a matter of putting it forward, why not continue to put it in the plus wallet to get the profits? To a certain extent, it delays the time of large-scale withdrawals.

Secondly, Plus Wallet spent a lot of money on publicity. One moment it sponsored some blockchain conference, the next it talked about developing new products and launching new systems, and the next it talked about going public. The purpose of this crazy campaign is to exchange time for space.

Let me introduce you to several methods of blockchain wallet in detail:

The first point is that the so-called arbitrage cannot support your subsequent rebate income. .

Because the real income from moving bricks is not a stable income, and it will not be as substantial as he described.

Like the plus wallet, based on the rebate data before the crash, it needs 700 million yuan in rebates every day to continue operating, so this number is astronomical. Obviously there is no way to do smart arbitrage. If you think you can, then you have nothing to do with it. With such high skills in moving bricks, do you still need to rely on rewards to attract people? You can move it yourself, and there are big institutions rushing to invest, so there is nothing to do with you!

The second point is that the money returned by the platform to the people in front is mainly the funds coming in from behind, which is exactly the same as the characteristics of the fixed rebate plate.

If you want a promotion reward system with up to 10 levels, as well as super high rebates, you also have to pay high deposit interest. Therefore, soon the subsequent funds will not be able to keep up with the speed of rebates, and problems will arise in the capital chain. The platform will shut down and run away.

The third point is that the platform currency exchange channel for Bitcoin can be closed at any time. As for when to close, only the trader can decide, so you are faced with huge risks at any time.

Point 4: It is stipulated that you will be charged a 5% handling fee for withdrawals within 28 days, and you will only be charged a 1% handling fee for withdrawals after 28 days. This purpose is to allow you to extend the withdrawal time as much as possible , he can precipitate the capital pool moreMuch funding.

Originally, everyone entered the currency circle because it is a decentralized technology. You store the currency in a real wallet, and as long as you keep your private key, no one can take it away from you. assets.

As a result, you hand over decentralized assets to some centralized platforms far abroad.

Let’s analyze it from another angle

The private key is a 256-bit binary code, encoded into numbers and letters. Finally, it is mapped into words to facilitate memory, also called mnemonics.

Some wallets have different mnemonics. The mnemonic phrase for plus is a bunch of random characters. Some wallet mnemonics must be made in Chinese, etc.

In short, the core of the blockchain wallet is to allow you to deposit mainstream currencies into his wallet, and then return to you a lot of their platform coins. Your currency is money, and its currency can only be coins. If you recommend others to come here to deposit coins, you will also get promotion benefits. In fact, you can understand its essence if you think about it. It is the same as getting money back, but it is just using coins. Then I will tell you my capital flow. It is safe. You don’t have to worry about crashing or running away, because I don’t touch the money. Who am I kidding? Coins are not money, right?

If you want your mnemonic phrase to be different, change it. Can it be imported into other wallets? It's definitely not possible. Only your wallet can be used. Doesn't this become a completely centralized platform?

⑻ Why are there so many "scams" in the currency circle that relies on blockchain technology?

Behind any investment with an unusually high return rate, there may be a hidden meaning of "you want to His interest, but he wants your principal" type of scam.

On July 4, 2018, a recording of Li Xiaolai, known as "China's richest man in Bitcoin", was exposed, causing an earthquake in the currency circle. In the nearly hour-long recording, Li Xiaolai made sharp comments on many big players in the currency circle, and also gave "step-by-step" instructions on how to cut off the leeks of retail investors.

Although my country has rectified and banned ICOs according to law in September last year, it is not uncommon for project parties to avoid legal supervision through foreign registration and underground ICO models. This requires regulatory authorities to increase their efforts in governance, establish sound industry standards, and promote the good development of the blockchain industry.

For investors, on the one hand, they must keep their eyes open and not blindly follow the temptation of so-called "Internet celebrities". If you really believe Li Xiaolai’s remarks denying value investing and advocating speculation, then you are playing into his trap and will eventually become a leek that can be harvested by others. On the other hand, you need to invest rationally. Behind any investment with an abnormally high return rate, there may be a scam like "you want his interest, but he wants your principal".

Content source ifeng.com