Is biz digital currency MLM

1. In my opinion, MLM is directly related to money, but how much commission a person gives to the person above. To put it bluntly, the situation of pyramid is totally different from that of direct selling.

2. The popularity of digital currency has something to do with MLM, but digital currency is not MLM. Some MLM projects are just MLM activities under the guise of digital currency. This year's digital money market really has a lot of money, and pyramid schemes have boosted the bubble of the digital money market to a certain extent.
years later, the whole digital money market has undergone a lot of adjustments. With the sudden changes in the instry, the breakout of blockchain projects has accelerated, and the MLM projects continue to make money. It is inevitable that the instry will be washed. However, some reliable projects are still good, such as wikilink and quantum chain.

3. 1. If it meets the following characteristics, it may be suspected of pyramid selling:
① entry fee (whether to pay the capitation fee): whether it is necessary to subscribe for goods or pay fees to obtain the qualification to join or develop the qualification of others to join, so as to seek illegal interests
② pull the head (whether it is necessary to go down the proction line): whether it is necessary to develop others to become their own proction line, and pay the developed personnel according to the number of their direct or indirect rolling development, so as to seek illegal interests
③ payment method (whether rebate at different levels): whether the payment is calculated on the basis of direct or indirect development personnel to seek illegal interests

2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
the above information does not constitute any investment proposal, and investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any trading operation
digital currency is a kind of unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of specific virtual communities. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
response time: January 19, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

4. First of all, bitcoin has no account, it's all address
unless it's an account registered in the exchange, it's also your exchange's account, there's no bitcoin account
if you haven't registered, it's fraud. As for your bank account, if you don't have your password, it won't be charged, so you can pay attention to the balance change

5. Digital currency is not MLM currency. MLM money is a MLM organization. Seeing that digital money has a bright future, it is only in the name of digital money to engage in MLM. The essence of MLM is to earn a head fee by developing offline, but digital currency is used for circulation and transaction. This kind of currency can't go on a big exchange. Even the hadax, which issued new currency under the currency, has layers of checks and the public vote, so there will be no such pyramid selling currency.

6. As long as you take good care of your bitcoin wallet, you can prove that this bitcoin is yours.
to ensure the safety of your wallet, you can go to bitcoin channel to read the corresponding articles

7. Remember, there's no pie in the sky. If you join in the form of membership, you have to pay es or buy high price health care procts. It is in line with the characteristics of pyramid selling to draw high profits from it by pulling people's hair off the line.

8.

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