Vpay virtual currency scam

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.

Virtual currency fraud calls 110 directly

many departments, such as the China Banking and Insurance Regulatory Commission, the central office of information technology, the Ministry of public security and so on, issued risk tips, saying that some criminals, under the banner of "financial innovation" and "blockchain", absorbed funds by issuing the so-called "virtual currency", "virtual assets" and "digital assets", thus infringing the legitimate rights and interests of the public

this kind of activity is not really based on blockchain technology, but on the hype of blockchain concept, illegal fund-raising, pyramid selling and fraud. In essence, it is a Ponzi scheme of "repaying the old by borrowing the new", which is difficult to maintain the long-term operation of funds

the public should treat the blockchain rationally, not blindly believe the promises, establish a correct monetary concept and investment concept, and effectively improve the risk awareness. Report to the public security organ in time after being cheated

extended data:

the first is the obvious networking and cross-border of virtual currency. Relying on the Internet and chat tools for transactions, and using online payment tools to balance funds, the risks spread widely and spread quickly. Some lawless elements set up websites by renting overseas servers to carry out activities for domestic residents and control illegal activities remotely

some indivials claim that they have obtained the investment quota of overseas high-quality blockchain projects in the chat tool group and can invest on their behalf, which is most likely fraud. Most of these illegal funds flow overseas, which makes it very difficult to supervise and trace

followed by deception, temptation and concealment. They use hot concepts to hype, fabricate various "tall and tall" theories, and some also use celebrity "big V" platforms to publicize. They use airdrop "candy" as temptation to claim that "currency value only rises but not falls", "investment cycle is short, income is high, and risk is low", which has strong bewitching

in practice, criminals illegally make huge profits by manipulating the price trend of the so-called virtual currency, setting profit and withdrawal threshold. In addition, some criminals also issue tokens under the guise of ICO, IFO, IEO, etc., or hype virtual currency in the way of IMO under the banner of sharing economy, which has strong concealment and confusion

finally, there are many kinds of illegal risks in this kind of behavior. Through public publicity, the illegal elements attract the public to invest funds, lure investors and development personnel to join, and constantly expand the fund pool with the t of currency appreciation and development offline profits, which has the characteristics of illegal fund-raising, pyramid selling, fraud and other illegal acts

3. 1、 Classification
1. Digital cryptocurrency: a digital currency created, distributed and maintained by cryptography and verification technology. The characteristic of cryptocurrency is that it uses peer-to-peer technology and everyone can issue it. For example, bitcoin, lightcoin
2. Shanzhai coin: imitates the theory of digital cryptocurrency, applies digital encryption technology such as blockchain, and issues digital currency in different instries
3. Air currency: fabricated application background. It uses blockchain and other technologies as packaging, constructs value system at will, takes illegal possession as the purpose, and swindles investors by Ponzi scheme< Second, profit model
1. The profit model of digital cryptocurrency mainly includes proction and investment speculation. Proction is also known as mining, different procts have different proction modes. Its principle is to calculate the number by computer, and finally get the encrypted string in accordance with the formula. Investment speculation is the same as investing in ordinary financial derivatives. With the change of market supply and demand, the value of money will change periodically
2. Shanzhai coin: the profit in the early stage is similar to Ponzi scheme, and the customer level is built by direct selling. The principal of later investors is the source of profits. The difference between air currency and air currency lies in: first, it has a certain theoretical application basis, such as Internet traffic, agricultural application, etc. Second, through the operation in the later stage, it can proce a certain monetary value. Third, it has certain circulation
3. High return, rapid accumulation of funds< Third, legal definition
1. It is not allowed to issue and trade digital cryptocurrency in the people's Republic of China, and its legitimacy is questioned. The main reason is that the supervision of digital currency is difficult, which may restrict the circulation of currency. In addition, because digital encryption currency has no solid value support, the huge economic bubble will easily cause financial system risk.
2. Therefore, this kind of business is the main body of the market. Most of the issuers are located in Malaysia, Singapore and other areas with relatively lax supervision and relatively open financial markets
3. Strike hard. One case was found, investigated and dealt with, and identified as financial fraud. The main issuers are generally in Myanmar, Cambodia and other areas where military protection forces are more prevalent. After raising funds from Chinese mainland, the local military will pay protection fees. Later, he directed domestic crimes abroad.

4.

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"

5. What is vpay wallet
for balance of vpay wallet, you can buy vpay coin, bitcoin, Leyte coin, Ethereum, doggy coin, etc., and conct point-to-point transaction
Vpay is a platform without borders, digital trading platform, international shopping mall platform, like Alipay and WeChat. The difference is that Vpay is developed based on block chain technology, and can achieve cross border transfer without any spot, and there is no fee.
decentralization, de centralized account, point-to-point trading, global constant issuance, and orderly in and out
it has the attributes of digital currency, such as open source code, constant volume distribution, independent wallet, large market transaction and commercial application
vpay has operation centers in Cambodia, China, Hong Kong, Vietnam, South Korea and Japan
completely avoid policy risk, cash flow risk, promotion risk, network risk and network risk<
vpay - unique - business model:
vpay wallet is a unique business model: circulation generates value - "let money never run out of money"
according to the economic principle of value generated by circulation, vpay wallet uses blockchain technology, combined with the application of integral equation, operational research, multiplication and other sciences. As long as the "balance" in vpay wallet is circulated, it can generate "points", and then increase compound interest and multiplication, so that your "money" can never be spent! Balance transfer (circulation) generates income
for example: (a transfers 1000 yuan to B, B spends 1000 yuan that should have been spent and gets 800 cash + 200 points, a gets 800 points income, and points are also equal to cash, so it's simple.)
accelerate the release of principal mechanism
for example: (if you have 100000 points, you only release 200 yuan a day, and you harvest 6000 yuan a month, and the daily trading volume of all the members in your team will accelerate the release of your principal. The 100000 points you have may be released within 5 days, and you earn 80000 yuan after 100000 yuan is released.)
static compound interest cannot be used out
80% of the investment can be recovered on the same day
Investment (10 yuan to 168000 yuan), the poor can also make a lot of money
no matter how much you put in, you can get 600% meters, pure static 6 times of revenue leverage
the dynamic income is infinite and there is no ceiling.

6. This is about whether bitcoin is a Ponzi scheme
Ponzi scheme is a kind of fraulent investment operation. It uses investors' own money to pay investors in return, or new investors' money to pay old investors, rather than the company's own money. When there are not enough new investors to join, the Ponzi scheme will collapse, and the final investors will suffer
bitcoin is a free software project without a central management organization, so no one can make a false statement about the return on investment. Just like other major currencies, such as gold, US dollar, euro, Japanese yen, etc., bitcoin can not guarantee purchasing power and the exchange rate is free floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive features.

7. Like this type of virtual currency investment risk is great, no physical delivery, no practical value, do not recommend such bubble investment, the bubble will eventually be broken.

8.

According to the market database of digital currencies in the UK, there are 10 kinds of digital currencies with "bitcoin" in their names. It's OK to call it bitcoin. But now the mainstream of the transaction is bitcoin, accounting for 33.92%

source: all digital currency quotes

9. This is not a pyramid scheme. It's a Ponzi scheme. I'm an ordinary person with the most common idea. If all this is true, will anyone go to work? Even the mayor and governor have no one to do it. It's OK to play digital games at home. Do you think the state will allow such a situation? Before the time is up, the country will stop the fool. Why is nobody in charge now? It should not be difficult to understand the benefits. We should advise you not to do harm to others, not to benefit yourself and cause RMB to flow out of foreign countries.