3.15 Heavy Exposure - List of the Top 100 MLM Coins in the Second Half of 2018

Based on previous monitoring, the Liande research team cooperated with the Lianfa lawyer team and the anti-MLM network. They not only monitored some MLM coins that had been investigated by the courts and local police, but also collected and sorted out information reported through anti-MLM websites and exposed by self-media, and completed the details of the operation of hundreds of MLM coins exposed in the second half of 2018.

Liande Note: The digital currency industry experienced explosive growth in 2018, and the obvious money-making effect made it the "new favorite" of investment institutions. As the industry grew wildly, a large number of teams that disguised themselves as blockchain and virtual currency but actually engaged in illegal pyramid schemes emerged in the market, causing huge losses to investors.

In order to clarify the routines of such crimes, the editors of Liande App began to monitor, warn and compile a list of pyramid scheme coins since the beginning of 2018, and released the "List of Top 100 Pyramid Scheme Coins in the First Half of 2018" in early July 2018, which listed hundreds of pyramid scheme coins active in the market. After the release of the list, Liande App gradually obtained reporting information from various social parties. From the perspectives of victims, participants, supervisors and observers, the process of being deceived was recorded in detail and the clues of pyramid scheme coins were tracked.

【DeDe TV】Five tips to help you identify pyramid schemes

Previously, the Liande App research team had extracted the basic rules of pyramid scheme coins in the "List of Top 100 MLM Coins in the First Half of 2018" as follows:

1. The pyramid scheme leader registers a shell company in China or abroad and sets up a website, usually using charitable, financial, gaming, medical research and other names to build initial trust among the public.

2. Vigorously publicize the value of a certain "virtual currency" through WeChat, QQ groups, lectures, etc. Some even use special public relations to conduct online whitewashing to dispel members' doubts.

3. Using "high rebates" of up to 100 times the profit as a gimmick to attract many people to participate. The business model is usually "paying an entry fee", "recruiting people", and "forming a hierarchical team to pay remuneration". The purpose of making money is to continuously absorb membership fees. The specific forms are:

1) Paying or paying in disguised form an entry fee, that is, only after paying money to join can you obtain the "qualification" to withdraw remuneration or develop downlines;

2) Directly or indirectly develop downlines, that is, recruit people to join and form a hierarchy in a certain order;

3) The upline will accrue remuneration from the sales performance of the downline developed directly or indirectly, or will accrue remuneration or rebates based on the number of people developed directly or indirectly.

4. In the end, there is often no downline to join the project, and the project members cannot exchange digital tokens for cash, resulting in a broken capital chain and the case is exposed.

During this monitoring and collation, the Liande App research team noticed that the pyramid scheme coins that had been warned and exposed reappeared in the second half of 2018 after a period of silence. The pyramid scheme teams either moved their development areas or changed the names of the pyramid scheme coins that had been warned, and continued to engage in pyramid schemes with the same operating methods and similar dissemination channels.

In order to more completely reveal the scam map of MLM coins, the Liande App research team, based on previous monitoring, cooperated with the Lianfa lawyer team and the anti-MLM network. They not only monitored some MLM coins that have been investigated by the courts and local police, but also collected and sorted out information reported through anti-MLM websites and exposed by self-media, and completed the details of the hundreds of MLM coins exposed in the second half of 2018, including the time of occurrence of virtual currency MLM cases, MLM methods, amount involved or number of people, etc.

Domestic cooperation releases: Huobi Information, Mars Finance, Block Technology, Deepchain Finance

Overseas joint release: blockchain business community, The blockchainers

List of MLM currencies confirmed by judicial authorities (37 were monitored in the second half of 2018):

GRDC, Asian Shield Coin, DGC Virtual Currency, EGD-Super, Tianhe Coin, Ubao Coin, Huangzun Coin, "π", Asian Dollar, Bonus Coin, Wen Mou (virtual currency), Saint Coin, World Link Coin, Central Coin, Carat Coin, Yunxuntong (Reporting Order Coin, Shuanghui Coin, Five Elements Coin), Goupai Coin, TRC, RKC Coin, E Coin, ADC, BTM Bart Coin, LCC Coin, Onecard Coin, Yunzun Coin, Yunjin Coin, CNB, Air Bitcoin Club (ABC), Code Chain, Mojinpai, Environmental Protection Agriculture Chain (NYC, CTOP), IAC, Liangbisi, Asia-Europe Coin, (Jianye Coin, Gold Inlaid Jade), Walker Financial Management, Wanfu Coin.

List of pyramid schemes reported by the public (63 were monitored in the second half of 2018):

AE, AG, AOK, ATC, BAC points, BFC, CHP City Hunter, FC coin, FQC food traceability chain, JON agricultural chain, KCI cultural chain, PCK future chain, Shanfan chain SFC, Shengyuan coin, Shitong coin, Sutongbao, Tuofu chain TFC coin, Willite coin WLT, Witt coin WTB, Xinghan chain, DFC coin, BIOC (Zhongke Hongji), Kumquat chain (GOC), Jiuyou chain (9MC), wine chain world (holy wine token), Juzhong Chuangxiang, Kebei (KBA), cross-border fever goods (FSH), Lime coin (LMC), Lefu chain (LFC), Letaifang (HEH), traffic magic box; Six Degree Chain (SDC), Charity Chain LMC, Maple Leaf Coin CMCC, Sharing Chain Mall, Meisiwo (POF), Ant Chain (copycat ANTC), Green Special Coin (GTB), Qubu Chain (IWC), Qugou Mall (Qudou), Ripple Fed Coin (copycat Ripple Coin), Ruixinbao (RXBC), Mission Help/Selenium Chain/Bangbei, Brand Chain (Chinese Chain) PPL, REC Zhongcai Digital Coin, Futai Chain (RHC), Rongte Coin (RTC), TCC Tainiu Chain, TOMB Taobei International Mall, Ubao Youlian Wanjia (Ubao Coin USS), Vpay (V-token), A. Li Miner, Plato (PLATO), Hengfeng Century Supply Chain, Hotcoin, Basechain Coin, Global E-Commerce Coin (GEC), Airbitclub, Mecca Coin, Light Cone LCC, BHB.

Five ways to identify whether it is a pyramid scheme:

1. Issuance method

Digital currency is generated through a large amount of calculation based on a specific algorithm, and is a decentralized issuance method. Each different terminal node is responsible for maintaining the same ledger, and this maintenance process mainly involves the algorithm packaging and encrypting transaction information.

Pyramid scheme coins are mainly issued by a certain organization. The pyramid scheme leaders register shell companies and set up websites in China or abroad. They vigorously promote the value of a certain "virtual currency" through WeChat, lectures, etc., and use "high rebates" of up to a hundred times the profit as a gimmick to continuously absorb membership fees to make money.

2. Trading method

Digital currency is a scattered transaction formed spontaneously in the market. After it reaches a certain scale, third parties will gradually establish exchanges to complete the transactions.

The MLM coins are controlled by institutions or individuals and cannot be traded freely. The fake virtual currencies issued by such platforms are often not traded on exchanges, so they are mostly traded over the counter or on their own exchanges, and the prices are highly controlled by institutions or individuals.

3. Implementation

The virtual currency itself is an open source program maintained by the Github community. The parameters and methods of its total limit are all displayed in the open source code.

The open source of MLM coins is a complete copy of other people's open source codes, and no open source codes are used to build programs. Blocks cannot be generated or run on blocks. Therefore, token rewards are often given through artificial splitting. By continuously splitting in a short period of time, a large number of points or tokens are generated, creating the illusion of a "surge" in wealth.

4. Whether to provide source code link

Decentralized digital currencies will provide a link to the source code in a prominent position on the official website, in order to openly and transparently display the operating mechanism of the currency system. However, pyramid scheme coins focus on the recharge and purchase transaction process, and do not mention their operating mechanism. Even the website does not have a link to the source code.

For example: Bitcoin is open source and limited in quantity, with a total of 21 million coins. Every bitcoin produced is transparent and not subject to any manipulation. However, MLM coins are not open source, and the speed and quantity of coin production are controlled by the company or platform. As long as the platform developers are willing, MLM coins can be issued indefinitely.

5. Does the official website start with https?

The addresses of the official websites and trading websites of general decentralized digital currencies all start with https, and the purpose is that such websites can well protect the user's data from being illegally stolen. However, the official websites, trading websites, and other related websites of pyramid scheme currencies do not start with https.

From the earliest "HGC" virtual currency pyramid scheme in 2009 to the recently seized "Asia-Europe Coin" and "Asia-dollar" pyramid schemes, the number of such criminal cases has been increasing year by year. Due to the cross-regional nature of Internet communication, investigation and evidence collection are difficult. Local industrial and commercial departments can only supervise pyramid schemes in their own jurisdictions, and cannot cut off nationwide pyramid schemes at the source, giving some pyramid scheme teams an opportunity to take advantage of the situation and even commit crimes multiple times.

From now on, the Liande App will continue to pay close attention to the dynamics of pyramid scheme coins, disclose the list of "virtual currencies" suspected of pyramid scheme coins in a timely manner, and summarize them regularly. The following is the latest compilation of "digital currency" pyramid scheme fraud incidents in the second half of 2018 completed by the Liande research team, which includes the details of the 100 major pyramid scheme coin incidents.

Considering the reading experience, this article is only a simplified version for the general media. For detailed report content, click on the original report to read and download.

List of Top 100 MLM Coins

List of MLM currencies confirmed by judicial authorities:

1. GRDC (BRICS Reserve Asset Currency)

It is called the first phase of virtual asset engineering project in China's financial construction. It is promoted by splitting two bureaus five times each. At the same time, it adopts "four major benefits" and "three major rewards" as rewards for members. Bonuses are extracted from the membership fees collected, and rewards are obtained according to performance levels. Members need to pay a membership fee of multiples of 600 yuan to join the club, and obtain corresponding levels after paying the membership fee.

2. Asian Shield Coin

The "Yidun Coin" online pyramid scheme includes a member management system and a "Yidun Coin" trading platform. The member management system distributes dividends to members and rebates to downlines. Dividends to members are called "static income", and rebates to downlines are called "dynamic income".

3. DGC virtual currency

Investing in DGC virtual currency requires downlines to pay at least RMB 680 to become DGC company members. Uplines extract direct referral bonuses, matching bonuses, and leadership bonuses from the fees paid by downlines to obtain illegal profits. Each participant can only develop two direct downlines at most, and the downlines will develop step by step, forming a pyramid-shaped network hierarchy.

4. EGD—Super (abbreviation: ES)

ES coin established twelve city-states, and members formed a hierarchical structure according to the recommendation and placement relationship. Members' investment had static and dynamic returns. Before the incident, 557,998 subscription accounts were activated, the pyramid scheme reached more than 20 levels, and more than 10 billion yuan in membership fees were collected.

5. Tianhe Coin

Tianhe Coin draws on the model of "Internet gold" and sets up the reward plan and sales model of Tianhe points. Membership fees must be paid to obtain membership, and member investments are divided into static income and dynamic income.

6. U-coin

"Ubao" was issued on February 26, 2018. Its platform system automatically identifies records based on the recommendation relationship at the time of registration, so that a relationship between the recommender and the new member is formed. The downline can be developed unlimitedly to form a top-down, multi-level, pyramid-shaped MLM organization system.

7. Royal Coin

Pay a certain amount to become a member and receive "Huangzun Coins". "Huangzun Coins" can be bought, sold or withdrawn. There are six reward systems based on the number of members developed.

8. “π”

Purchase virtual currency "π" on the "SCI" ​​financial management platform and invest it in the Macau gaming industry to receive dividends. Participants are required to pay a 100 yuan order fee to obtain a registration code and then register as a member. After that, they must purchase a minimum of 50 πs. They can then receive commissions by developing downline investments in π.

9. Asian Dollar

The "Yayuan" website platform attracts members to invest and lures other people to join, forming six levels including provincial branches and municipal branches. Rebates are given in the form of dynamic and static rewards based on the number of downline members developed and the amount of investment.

10. Bonus Coins

In order to achieve the purpose of illegal profit, Bonus Coin used the excuses of applying for credit cards, financial training, and cashback from POS machines to get bank commissions to recruit people into the pyramid scheme. Members are arranged according to a dual-track system, and all kinds of rewards for members are issued in the form of virtual currency (bonus coins) on the member website. Bonus coins can be converted into electronic currency and can be withdrawn, but a 10% handling fee is required.

11. Wen (virtual currency)

The online virtual currency "Wen" claims high profitability and legality, luring others to buy it, and luring the developed personnel to develop other personnel to join, forming a superior-subordinate relationship according to the development order, and directly or indirectly using the number of developed personnel as the basis for remuneration and rebates, in order to make illegal profits.

12. Holy Coin

"Holy Coin" claims to be "the only virtual currency recognized by the country with great room for appreciation" and that investing in "Holy Coin" can bring high returns.

13. Worldcoin

Investors pay fees to purchase WorldTone coins to become members of different levels, and their investment will double after half a year. After purchasing "WorldTone" coins to become a member, in addition to the static income of daily dividends, they can also "recruit people" to develop downlines in a pyramid manner to obtain dynamic income.

14. Central currency

The “Central Currency” was issued in November 2016. It adopts a membership fee and three-track umbrella structure, and sets dynamic and static rewards to encourage members to develop downlines. As of April 2017, 30,855 member accounts have been activated, with 83 levels, and a total of 200,042,006 yuan of member funds have been absorbed.

15. Carat Coin

Kra Coin set up a website and organized and planned to issue virtual currencies and options such as Kra Coin and Kra Options on the pretext that the Thai Five Armed Forces Group needed funds to develop the Kra Canal. Participants were required to pay fees and register accounts to obtain membership qualifications, and high rewards could be obtained by investing and developing downlines.

16. Cloud Communication (order currency, Shuanghui currency, five elements currency)

In the name of selling "original shares", participants were lured to pay fees to register as members, and to organize and lead pyramid selling activities. Since the launch of the "Yunxuntong" platform, it has experienced three modes: "order currency", "double wisdom currency" and "five elements currency".

17. Purchase Pi Coins

Participants are required to rent a "mining machine" to obtain membership to purchase Pie coins. Different levels of "mining machines" can generate different numbers of "Pie coins" every day, and members are encouraged to develop downlines.

18. Treasure Coin (TRC)

Treasure Coin is a virtual currency introduced from Taiwan. It is a money-making project that rents mining machines online to mine Treasure Coin. It has two reward mechanisms: miner income and promotion income, which encourage the development of downline.

19. Lockecoin (RKC coin)

"Rock Coin" is issued by Bingdong Company, also known as RKC Coin. It claims to be able to be used for investment and financial management. It is promoted using a three-level distribution model, and the rewards are divided into static income and dynamic income.

20. E-Coin

E-coin relies on the Xinwei Internet platform, and uses the bait of becoming a member of the platform and getting short-term reimbursement for purchasing goods to develop members, and promises to the public that members of the platform can achieve 100% reimbursement and cash back.

21. ADC

Formerly known as "IAC", "IAC" had a daily return of up to 2.8%, and raised funds by paying membership fees and recruiting people. After the IAC scam was exposed, the model was renamed ADC and relaunched under the new guise of virtual currency.

22. BTM Bartcoin

That is, a pyramid scheme coin fraud project packaged with blockchain, claiming that it can be used to top up phone bills, have a shopping mall, and have lucrative returns. The fraudster is still at large, and the public security authorities are looking for the fraud suspect.

23. LCC Coin

It claimed to be cooperating with an African country to alleviate poverty, engage in oil, diamond and infrastructure construction, and on its official website, there is a complex dynamic and static income calculation method. In March this year, the investor's platform account was frozen and could no longer trade.

24. OneCoin

It was established by Bulgarian Ruja and others and infiltrated into my country. The organization used the banner of the future world mainstream currency and the second generation of encrypted electronic currency to deceive others into investing. In fact, once a member registers, he cannot withdraw from the membership and cannot get a refund. The main culprit has been arrested in Thailand and the case involves about tens of billions.

25. Yunzun Coin

In May 2018, a trading company developed members in the name of "Guizhou Branch of the World Blockchain Research Institute" and engaged in illegal pyramid selling. The Nanming District Market Supervision Bureau made an administrative penalty decision to confiscate illegal gains of 60,000 yuan and impose a fine of 4,000 yuan.

26. Cloud Gold Coin

The trading profit model of Zhaoyunjin Asset is a hierarchical profit model. In June 2018, eight suspects including Wu Jinlin were arrested after being reported by someone.

27. CNB (China International Capital Corporation)

Since January 2018, Shenzhen CICC Botai Company has used high investment returns as bait to sell the online currency CNB, which has attracted more than 23,000 members in 29 provinces, municipalities and autonomous regions across the country and attracted 280 million yuan in funds.

28. Air Bitcoin Club (ABC)

Users can use trading robots to "buy low and sell high" to earn a steady static income, claiming an annual financial return rate of more than 50%. In June 2018, the Yichun Municipal Financial Office of Jiangxi Province pointed out that the organization was suspected of illegal fundraising and had the nature of a pyramid scheme.

29. Codechain

"Code Chain" means using a smartphone to aim at a "QR code" and "scan" it to "generate a new QR code containing the scanned code DNA" for full traceability. On June 13, 2018, more than 100 people from the Qingyang District Public Security Bureau, the District Stability Maintenance Office, and the District Procuratorate conducted a surprise inspection of the company "Sichuan Tianshou Hesheng Energy Co., Ltd." of Code Chain. More than 50 people suspected of pyramid selling were intercepted on the spot, and the amount involved was nearly 300 million yuan.

30. Mojin Sect

The "Mojinpai" platform was launched in September 2016 and has been delayed since September 2017 under the pretext of "balancing transactions", trapping the investment funds of millions of people.

It is worth noting that the WeChat public account "Mr. Mojin" was formerly known as "Kepcoin CPC". In 2016, Capecoin was exposed by CCTV as a financial fraud, and then changed its name to Mr. Mojin to continue fraud.

31. Environmentally friendly agricultural chain (NYC, CTOP)

The environmental protection agricultural chain fraud gang launched a camellia oil, and gave NYC for free when buying camellia oil. Later, when difficulties arose, the fraud gang forced investors to exchange NYC for CTOP, and then the project owner ran away. At present, the company's chairman Luo Junxiong has been arrested.

32. IAC

It claims to be a social platform built on blockchain, big data and artificial intelligence, and organizes activities in many places in China for promotion, but is actually engaged in pyramid schemes.

So far, the police have arrested 27 main suspects. In a house that the gang used specifically to hide illegal gains, the police seized cash involved in the case amounting to 1.3 billion yuan.

33. Levitra

Since 2018, the medium of the "Jia Bi Si" pyramid scheme has changed from "shampoo" to a virtual platform. The pyramid schemers set up a virtual platform and "invested in mining". Most of the victims are middle-aged women who are also ignorant of the concept of "blockchain". At present, the Shenzhen Futian police have arrested the 37th suspect involved in the "Jia Bi Si" pyramid scheme case.

34. EurAsian Currency

The criminal suspect Xia Mourong registered and established the Trans-Asia-Europe Company in Haikou, fabricated various identities, and operated the "Asia-Europe Coin" project in Haikou City. The "Asia-Europe Coin" is actually a virtual product without any real industry.

In July 2018, a major online pyramid scheme case involving a trans-Asia-Europe company was heard in public at the Haikou Intermediate People’s Court. 25 “senior executives” appeared in court collectively, and the amount involved in the case was 3.8 billion yuan.

35. Jianye Coin, Gold Inlaid with Jade

In January 2019, a pyramid scheme group that used various "virtual currencies" such as "Jianye Coin" and "Gold and Jade" as its name was sentenced by the Hannan District Court of Wuhan City, Hubei Province. After investigation, the amount involved in this pyramid scheme case reached more than 30 million yuan. Xu and Ma developed more than 120 people in total.

36. Walker Financial Management

Walker Financial Management once sold digital currency on its platform, attracting 350,000 members within a year. However, its founder was a criminal suspect with only an elementary school education who built a pyramid scheme platform.

According to the report from the Public Security Bureau of Quanzhou City, Fujian Province, the Walker Financial Management MLM case formed a MLM network with 309 levels, with a total amount involved of 5 billion yuan.

37. Wanfu Coin

The organized pyramid scheme used virtual currency to conduct pyramid schemes, developed more than a thousand downline members, and defrauded more than 142 million yuan in pyramid scheme funds. In June 2018, the case was sentenced at the first instance by the People's Court of Yunlong District, Xuzhou City. Seven defendants were sentenced to fixed-term imprisonment ranging from two to six years, and the highest fine was 500,000 yuan.

Considering the reading experience, this article is only a simplified version for the general media. For detailed report content, click on the original report to read and download.

List of pyramid scheme currencies reported by the public:

1. AE

The AE lock-up plan is a lock-up APP. Users can withdraw AE from their exchanges or wallets to the AE lock-up APP. They can get a considerable fixed income every day, and they can get rewards by inviting others.

2. AG

AG coin claimed that it was similar to Bitcoin and made profits through the appreciation of the coin price. The price continued to rise every day. Eventually, after 24 days of operation, the team ran away and took away tens of millions of yuan.

3. AOK

AOK claims to have assembled a group of professional teams including blockchain R&D teams and financial management experts to create a new community system. Its essence is a capital pool that operates in a direct sales manner and claims to return high amounts.

4. ATC:

It is mentioned in the ChainDD's "List of the Top 100 MLM Coins in the First Half of 2018" that the main promotion is ATC mining machines, using "high rebates" of up to 100 times the profit as a gimmick to encourage members to expand the market.

After being silent for a while, it reappeared in the second half of 2018, offering free mining machines and promising to mine for 120 days, with a total of 28.8 coins. Current public reports show that mining machine traffic is required to withdraw cash, and mining machine traffic requires pushing down or buying coins.

5. BAC points

The creative team of BAC points once held a large-scale investment promotion conference, commissioned company lecturers to vigorously promote the "trend of digital currency and blockchain", and went on roadshows in various cities, claiming that BAC is the second Bitcoin, and inducing others to take out loans and use credit cards to buy "BAC digital currency."

6. BFC

A custodial lazy financial management platform, with an account opening fee of US$40, divided into static income and dynamic income. It claims that the company's profit point is to obtain profits in the blockchain futures market, rather than making money from subsequent members.

7. CHP City Hunter

Claiming to be a global alternative investment management company, it conducted an internal public beta test of the first version of blockchain virtual currency (C coin) in October 2018, which has now collapsed.

8. FC Coin

Known as "China's first virtual currency", the Chinese version of Bitcoin, is still active in some regions after being exposed by CCTV in 2017, but the company involved has long since transformed its business and no longer deals in virtual currency.

9. FQC food traceability chain

It used the name of others and claimed to be jointly initiated by Walmart, JD.com and IBM. In fact, it was an FQC mining product and shut down on September 10, 2018.

10. JON Agricultural and Bio-chain

JON is the abbreviation of the public chain Agri-Sheng Chain (JOUANN). It secretly organizes and develops direct members offline. Recently, JON's operation team has blatantly endorsed the Agri-Sheng Chain under the banner of "big names" and Didi Chuxing, attempting to "fool" more members into joining.

11. KCI Cultural Chain

KCI claims to have created two systems, one is the KCI blockchain system, and the other is the smart contract system. At the same time, KCI uses the method of recruiting people to promote, and has designed an 8-level head system. At the same time, it also encourages members to find powerful upstream companies and make money through promotion through the support of upstream companies. It has now collapsed.

12. PCK Future Chain

In the early stage, PCH used the gimmick of blockchain to let users recharge and purchase mining machines to produce coins. Now it has run away and investors have lost all their money.

13. Shanfan Chain Coin-Shanfan Chain SFC

It claims to rely on the real estate + retail department store + Internet e-commerce model and blockchain as the technical basis to create a new blockchain technology application: Shanfan Chain. In fact, it is a pyramid scheme project that defrauds funds by selling mining machines and recruiting people.

14. Shengyuan Coin

To participate in Shengyuan Chain, one must first register and recharge 680 yuan, and then purchase goods for 6,600 yuan. Shengyuan Chain requires participants to directly or indirectly develop downlines and increase dividends based on the promotion effect.

15. WorldCoin

Recruit people to buy mining machines and then get profits. There is no official website or white paper on the Internet, only an app download link and registration link, which are promoted in forums and communities.

16. SpeedPass

Vpay claims to be an encrypted digital currency based on blockchain technology. By investing in points, a static return of 1,000 yuan can reach 50 times after one year.

17. TFC Coin

If you want to own TFC, you must use 500 US dollars = 3,500 RMB to open a wallet account. The leverage in the wallet will be magnified 5 times, that is, 2,500 US dollars = 17,500 RMB.

TFC is released at a rate of 0.02% statically every day. Regardless of static or dynamic release, the assets are 65% EP and 35% TFC respectively. The three functions of EP are as follows: 1. Cashing out, peer-to-peer trading; 2. Reinvestment; 3. Purchase of TFC of equal value.

18. Willite Coin (WLT)

Willite's operating modes are divided into static, dynamic, Darren chain and other modes, which are constantly expanding and promoting. After the referral, the interest will be returned according to the speed of the payment; that is, the faster the payment, the higher the interest. If the amount of investment reaches a certain amount, and the people directly developed also meet the requirements, the daily rebate will be higher.

19. WTB

You can become a miner by purchasing a mining machine and paying an entry fee, and get rewards by recruiting people and paying them based on the team.

20. Starchain (SGC)

It claims to have three benefits: currency value growth, unilateral step-by-step rise, and only rise but no fall. It collapsed and ran away in August 2018.

21. DFC Coin

DFC falsely claimed that it would develop and build the City of Bit based on the combination of blockchain and finance, with the strong policy support of the Maltese government, and establish a blockchain digital asset trading platform in Malta.

22. BIOC (Zhongke Hongji)

Using biotechnology as a gimmick, they issued virtual currency to raise a large amount of illegal funds. Members were divided into five levels to buy coins from the mine. The more they bought, the greater the profit. Members of different levels had different commission ratios, that is, the more coins they bought when they joined, the higher their level. The more coins they developed when they joined, the more commissions they received.

23. Golden Orange Chain (GOC)

Jinju Chain adopts the mining mode. Register and get a mining machine. The mining cycle is 30 days and 30 coins. It promises a unilateral increase. It also launches a ladder reward to encourage members to develop offline. It runs away after acknowledging the funds.

24. 9MC

Using 9MC as a settlement token, we hope to create a digital token settlement system and platform that is universal in various games. Users who purchase mining machines or promote mining machines can receive corresponding incentives, which is in line with the typical characteristics of pyramid schemes.

25. Wine Chain World (Sacred Wine Token)

Through the "Wine Chain World App", you can get a free cloud winemaking machine to make "holy wine". The Wine Chain World artificially sets the anchor relationship between "holy wine" and legal currency. The continuous appreciation of holy wine has attracted people to it.

26. Gathering people to create and share

Juzhong Chuangxiang app is a national mining software. It has been saying that it will transfer data since August, but it is still impossible to log in, and it is suspected to have run away.

27. KBA

It claims to be a "WuChain" digital asset issued by the Chinese Academy of Sciences, but the Chinese Academy of Sciences has no legal person relationship. It promises a unilateral step-by-step rise, only rising and not falling. It is currently offline.

28. Cross-border Hot Sale (FSH)

The concept of "blockchain + cross-border e-commerce" has nothing to do with e-commerce business. Instead, it uses the usual model of pyramid selling to develop downlines and claims a unilateral increase. The registered website is a record of a decoration company, which was deregistered on September 28, 2017.

29. Limecoin (LMC)

It claims to achieve a perfect connection between the commercial society and the blockchain world, and adopts a dynamic and static dividend reward system. There is a risk of illegal fundraising.

30. Lefu Chain (LFC)

It uses a fictitious international background developed by a Taiwanese family in Germany and Israel as propaganda, claiming that it will rise unilaterally and never fall. It is divided into static income and dynamic income, and the rebate involves 15 levels, which meets the basic characteristics of MLM currency.

31. HEH

LeTaiFang claims to be an ERC20 token based on Ethereum. Static income earns from the price difference of "one-sided rise", and dynamic income depends on developing downline. However, more than 97% of the virtual coins are held by the same person.

32. Traffic Magic Box

Essentially, it is a cloud computing solution that uses the sharing economy model to play with traffic, allowing used traffic caches or idle, redundant or even worthless traffic resources to regain their due value. There are billions of bubbles.

33. Six Degree Chain (SDC)

It claims to use blockchain technology to invest in stores, and investors will receive its token "Six Degrees Cloud Shell (SDC)", which can be withdrawn or exchanged for other products at any time. It promises that its tokens "will increase by 3% every day", "invest 60,000 to 100,000 yuan, can be withdrawn every day, and will be recovered within 1 month, with a return of more than 20%". In September 2018, many investors reported to the ChainDD App that Six Degrees Chain (SDC) could not be withdrawn and the person in charge was out of contact.

34. Charity Chain LMC

Using mining as a gimmick, after the initial registration as a member and real-name authentication, you can get a cloud mining machine. The subsequent reward system is to obtain commissions and dividends by recruiting people to form a team.

35. Maple Leaf Coin CMCC

CMCC claims to be an encrypted digital currency jointly issued by the Royal Bank of Canada and the National Stock Exchange. It adopts a combination of static and dynamic returns, and cash withdrawals are currently difficult.

36. Shared Chain Mall

The project claims to combine "blockchain" and shared shopping malls through technical means. As long as consumers shop in the mall, they can get special benefits from the mall.

37. Meisiwo (POF)

Meswo environmental tokens began to be promoted in January 2018, claiming to return 3% of the investment amount every day, and a total return of 2.5 to 3 times the investment amount. After investigation, Meswo tokens did not use any blockchain technology, nor were they listed on any exchanges as claimed in the promotion.

38. Ant Chain (copycat ANTC)

Ant Chain forged the US ANTC white paper and conducted public fundraising under the name of the company. The "genuine" Ant Chain that was impersonated did not conduct public fundraising, and currently the company has only launched Ant Bike.

39. Greentoken (GTB)

The Agricultural Chain Green Coin adopts the model of developing downlines to attract investors, claiming that it will only rise and not fall, and has the attributes of a pyramid scheme.

40. IWC

Qubuchain IWC uses zero investment as a gimmick, attracting users for free and the airdrop concept, attracting a large number of investors to buy candies and earn interest in an off-site manner.

41. Fun Shopping Mall (Fun Beans)

It uses shopping malls and blockchain as gimmicks to conduct crowdfunding and illegally absorb public deposits. Its apparent business model is shopping rebates, but it is divorced from market rules and implements a rebate amount of up to 60%.

42. Ripple Fed Coin

A copycat of Ripple. Claiming to realize the value of global low-cost and fast cross-border payments, it uses a combination of static and dynamic methods, and has increased 15 times in 3 years. It has been officially confirmed by Ripple that it has no connection with Ripple.

43. RXBC

Ruixinbao claims to be a virtual mining and financial management platform. Users holding RXBC can obtain dynamic and static income. The more teams and downlines they develop, the more corresponding rewards they will receive. Some people reported that it ran away in June 2018.

44. Task Help/Selenium Chain/Bangbei

Mission Helper Selenium Chain is given by the group's direct sales company to all members who purchase selenium products. Each stored Selenium Chain corresponds to a pick-up code. Selenium Chain claims to be a decentralized and tamper-proof ledger, and its operating model has the attributes of online pyramid selling.

45. Brand Chain (Chinese Chain) PPL

The main body of the PPL brand chain is a Shenzhen company called WeChat Food. It claims to be engaged in blockchain brand traceability and its income depends entirely on the development of downline.

46. ​​REC China Finance Digital Currency

It claims to be China's first encryption-grade digital asset trading network with a state-owned background. It raises funds in disguised form by recruiting agents and distributors, setting investment thresholds of different amounts such as 10,000 yuan, 30,000 yuan, and 50,000 yuan, and charging different proportions of commissions through promotion methods such as "recruiting people".

47. Richchain (RHC)

Using "financial innovation" and "blockchain" as gimmicks, they set high investment returns and low entry barriers to lure investors. They set 15 levels of income to attract investors, and claimed that they could cash out through subscription investment, consumption, and exchange of BTC and other mainstream digital currencies.

48. RTC

Using the decentralization of global digital gold currency as a gimmick and borrowing the concept of digital currency mining machines, it induces customers to invest by "leasing mining machines" and claims that the monthly growth rate of coins generated by mining remains between 10% and 50%.

49. TCC Tainiu Chain

The project built by the sixth-ranked company in Thailand using blockchain technology has surpassed 99% of digital currencies. Its official website also mentions words such as "new energy vehicle Didi taxi application scenarios", but the technical code in the project's white paper is unclear.

50. TOMB Taobei International Mall

It claims to be a global shopping mall. It has issued virtual tokens (digital assets) based on the application scenarios, basic guidance and evaluation of the value of the blockchain mall on the world-renowned shopping platform. It has set up a secondary distribution and partner reward model and earns commissions by recruiting people to join.

51. Ubao Youlian Wanjia (Ubao Coin USS)

It is a P2P+smart contract blockchain technology encrypted digital currency circulation system. It was officially launched on February 28, 2018, claiming to be China's legal digital currency, and claiming that the USS will be connected to the real economy and can be used for consumer payments. However, its "mining model" is actually a dynamic and static income in pyramid schemes, using concepts such as blockchain and mining to induce consumers.

52. Vpay (V-token)

It claims to be a fully open online payment platform developed based on blockchain technology, which can realize point-to-point cross-border transfers; the second method is "digital asset management", that is, using the balance in the wallet to buy Vpay coins to participate in crowdfunding. The project uses the concept of blockchain to package the capital plate and deceive investors with high investment returns.

53. A. Li Mine Owner

It was reported that Alibaba has launched a virtual currency mining platform "P2P Node" and is recruiting mining machines. In response, Alibaba Cloud issued a statement on its official Weibo late at night in January 2018 to refute the rumor, saying that the business has nothing to do with "mining platform" or "virtual currency".

54. Plato

The project claims to be a consensus record mechanism for the jewelry industry based on blockchain technology, jointly promoted by the "World Jewelry Industry Alliance" and the "African Blockchain Technology Alliance", which sets up a dynamic and static income model to induce investors through high profits. On April 23, 2018, Chen Weixing named Plato as a pyramid scheme in his circle of friends.

55. Hengfeng Century Supply Chain

It claimed that it was led by the State Council and operated by a company with a central enterprise background. Later, the central enterprise said that it had nothing to do with "Hengfeng Century Supply Chain". At present, it has changed its name to Zilong Cultural Chain UTM, and kidnapped the Hebei Province Zhao Zilong Cultural Research Institute to promote pyramid selling.

56. HOTcoin

It is claimed that it is jointly developed by Russian PhD in Computing Applications and other cryptocurrencies. Investors can purchase cloud mining machines for mining, and at the same time generate corresponding Hotcoins. In fact, it is a pyramid scheme model that obtains commissions from the online development and offline development. It has been closed.

57. Base chain coins

It is said that the Base Chain was jointly initiated by a well-known British screenwriter and top American blockchain personnel, which perfectly achieved compatibility between the BTC and ETH ecosystem. It has been closed and some people reported that they ran away in May 2018.

58. Polka Dot Wallet

On the 12377 reporting website, Polka Dot Wallet was exposed to be suspected of pyramid schemes, and was suspected of attracting people and funding. Polka Dot Wallet claims to be the wallet that Tron officially cooperates with, but Tron currently does not deny it or admit it.

59. Global E-commerce Coin (GEC)

GEC has a high degree of concealment from guidance to transactions, and whether it is a wallet link or a trading platform link can only be opened on the mobile side.

After registering and receiving coins, you can only contact the team leader of an acquaintance who is recommended to enter the GEC currency speculation group, as well as a large team leader named "Female Chief" hidden in WeChat. Other operations are completed by the robot.

60. Airbitclub

The nature of its company is "Bitcoin Trust Management", the company's registered place is "Panama", the registration time is "September 2015"; the server address is "U.S.". Investment income includes high returns commitments such as less than 4% of the monthly income of static dividends and 35% of the profits earned every 75 days.

61. Mecca currency

The company is called Junteng International Co., Ltd. It is a new type of online pyramid scheme with the operation model of operating Mecca currency. The more people you attract, the higher the membership level, the more Mecca currency and rewards you will receive. Even if media platforms have been exposed, they are still active in some areas.

62. Light cone LCC

The predecessor of Light Cone LCC was Film and Television Culture Digital Assets (FCC), claiming that it has created the world's first film and television digital blockchain with the blockchain 4.0 technology launched by Bitcoin, Litecoin and Ethereum. It claims that it "has risen unilaterally, only rises but not falls", and it swept the country in a short time, and the number of members has reached tens of thousands.

63. BHB

It claims to build a P2P transaction and its derivative financial services information security monitoring system in the blockchain field. It says that as long as you hold 700 BHB positions, you will get as much as 7% of the dividends on snapshots every day, and promote three-level rebates, you can get 4%, that is, add up together, and you can get 11% of the dividends in a day.