Yuanverse Investment Ponzi Scheme Revival: A Dange

The purchase of virtual currency has increased 512 times, and the income is automatically collected every day. The "Yuanverse Investment" Ponzi scheme is revived (from CoinsRadar.net): (2)However, this revenue model is not reasonable in the eyes of many industry insiders. "The revenue model is definitely unreasonable. Everyone just plays to see how long the market can last." Jinle Function Analyst Liao Hekai told China Business News, "No matter how well the story is packaged, the principle of this kind of digital currency project is all about capital and A digital game. By artificially pulling data, creating scarcity, attracting more people to participate, until it can no longer be played and collapses. In the current market, the survival period of most such projects will only become shorter and shorter, and new projects will continue to be opened. "It's worth it. It should be noted that since the Force Coin is locked for a certain period of time, the project also provides "matrix returns" that can be realized daily. Yangyang explained to reporters that this part of the income corresponds to the membership level, and different membership levels have different rights and interests. "The matrix is ​​divided into 12 levels. The higher the level, the higher the recommendation income and 'card position' income." Yangyang mentioned. "If you are S6, you can still make money without pulling people in, because you occupy the card slot. This is equivalent to contracting a toll station on the highway, and those who use the highway have to pay tolls." A mentor of Fossage 2.0 He declared passionately in a recent live broadcast. More investors in the group have fallen into this theory and firmly believe that they can recover their capital by relying on matrix income alone. An investor A Rui (pseudonym) whom China Business News reporters contacted in the investment community mentioned that the higher the matrix chosen, the more expensive the purchase price will be, but the corresponding returns will also be higher. Ari took himself as an example. He purchased the "6+2 package" (including a 6-level matrix and 123 force coins), spending a total of more than 4,600 yuan. The level 6 matrix he joined has "slipping" profits every day, and he will soon be able to recover his capital. The purchase price of the admission package for level 7 matrix and level 8 matrix is ​​as high as 5,500 yuan and 10,000 yuan respectively. Li Xu, the head of the "Li Xu Anti-Fraud Team" told China Business News that this kind of scam usually uses "static returns" (profits from currency speculation and appreciation) and "dynamic returns" (profits from offline development) as bait. Attracting the public to invest funds, and inducing investors and development personnel to join, and constantly expanding the capital pool, it has the characteristics of illegal fund-raising, pyramid schemes, fraud and other illegal behaviors.The key to the Fossage 2.0 model that can attract many investors is to cleverly link the Force Coin with the popular Metaverse and Bitcoin concepts. From a technical operation level, the project uses the stable currency Dai and the commonly used wallet BitgetWallet to link to the concept of Bitcoin to endorse itself. Dai is a digital currency on the Ethereum blockchain, pegged to the U.S. dollar, and its currency value is relatively stable. During the operation of the Fossage 2.0 Yuan Universe project, the purchase of Force Coins and the exchange of recommendation income need to use Dai coins as an intermediary, and the exchange ratio must be updated in real time. Transactions must be conducted on BitgetWallet, a commonly used wallet for virtual currencies.However, looking at the specific operations, investors’ operation process is full of confusion. On the one hand, the authenticity of the BitgetWallet used in it needs to be verified, and it cannot endorse the Force Coin. China Business News reporter downloaded the APP called "BitgetWallet-FormerlyBitKeep" through the channels provided by the promoter. Unlike ordinary APP software, this APP is not an officially released APP on the Apple client. It only stays on the test side, and the background shows that it will expire in more than 50 days. An industry insider told reporters that in this testing state, developers can invite up to 10,000 testers to install, bypassing Apple's AppStore review process.On the other hand, the purchase of Force coins with Dai currency is only through a "contract" and there is no stable exchange relationship. After the reporter falsely claimed that Dai coins had been deposited in his account, the promoter requested that Dai coins be used to purchase a “United Universe Smart Contract.” The above-mentioned people in the currency circle said that Dai currency is only a medium for purchase. The so-called exchange relationship between Dai currency and Force currency is artificially set in the short term, because Force currency has not been listed and there is no stable public exchange market. "It is difficult for a 'currency' to gain market recognition, and it takes time to accumulate." Wu Haifeng, a researcher at the Institute of Advanced Finance at the Chinese University of Hong Kong (Shenzhen), told China Business News about the comparison of the time to market of virtual currencies such as Bitcoin and Ethereum. It is long and has some functions, so some financial products use Bitcoin and Ethereum as the underlying assets. However, there are so many new virtual currencies that are not recognized by the market, and will eventually become a tool for spreading rumors.It is worth noting that during the team’s live broadcast of the project, a teacher repeatedly quoted many red-headed documents related to the Metaverse such as the Ministry of Industry and Information Technology and the Zhejiang Provincial Development and Reform Commission to endorse his own Metaverse project, saying that the Metaverse project was a response to National policy. The reporter confirmed that the above-mentioned red-headed document does exist, but it does not involve anything related to the issuance of the project’s Force Coin.How does it work?"Good news! Congratulations to Little A for recommending new member Little B to open Classic Matrix Level 6 and United Universe Level 3. TR635 will be given as a gift." In an investor group of Fossage 2.0 Metaverse Project, the staff frequently updated the billing information and Various inducement techniques.

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