Suicide, rights protection, price break, fraud, the air coin SOC that plummeted 90% is returning to zero...

SOC users who want to commit suicide

"I want to die!" I was shocked by what A Zhang, a rights activist of SOC, said to me.

Two days ago, a cryptocurrency investor named Zhang sent me a private message, saying he wanted to meet me. He accused a digital currency called SOC of using the World Cup gimmick to fake and reap profits, and he lost more than 3 million yuan, most of which was embezzled public funds.

We met in a bar. His bright clothes and haggard face formed a strong contrast. According to him, he was dragged into a group called SOC in March. The group claimed every day that SOC was a project focusing on the world concept, and all kinds of chicken blood and brainwashing were used.

From a little over 0.1 yuan when he first entered the market, SOC later rose all the way to a high price of more than 2 yuan thanks to the concept of World Cup prediction. Coincidentally, SOC signed a contract with a superstar, and Xiao Zhang thought that this wave of double benefits from the World Cup would continue to break through upwards. He was overwhelmed and embezzled more than 3 million from the company's account to enter the market.

But what greeted him was a sharp drop in prices, which has now reached 90%.

"Didn't you question the SOC officials?" I asked Zhang.

"The authorities ignored me and kicked me out of the group. Then I created a rights protection group and found that there were many other victims like me. Everyone suffered heavy losses. There is a rights protection group for big investors, with 70 people in it, all of whom have lost more than 200,000 yuan. The investor with the most money in the group invested more than 10 million yuan. Currently, 9 million yuan has evaporated.

Everyone is furious and is uniting many victims to go to SOC to seek justice. "I will definitely go, I have even prepared a fruit knife, at worst we will die together, I don't want to live anyway." He said angrily and desperately.

Based on the average loss of 400,000 per person, this group lost more than 28 million. Horrible! He also said that there are many rights protection groups like this.

"The World Cup is over, SOC is almost finished, and I'm finished too! I'm about to witness a coin return to zero, which is also great. Hahaha... I'm going to make you owe financial debts and blood debts..." Zhang, who was sitting opposite me, became more and more crazy as he spoke, and his bloodshot eyes emitted terrible hatred.

He held the can of Budweiser with trembling hands and drank it all in one gulp. This was the sixth can of Budweiser he had drunk.

Zhang showed me the rights protection groups on his phone. There are more than 10 of them. They are all users who have suffered heavy losses in SOC. The amount of losses varies, ranging from a few thousand yuan to tens of millions of yuan.

A shocking rights protection group, with a large number of SOC users being killed.

Now, let me analyze SOC from several dimensions, tear off its disguise mask, and give users a real SOC:

The bookmaker sold off the stock crazily before the World Cup, and the market value of 600 million disappeared

From this SOC value trend chart, we can see that starting from May 14, which was half a month before the start of the World Cup, the carefully planned SOC dealer began to ship stocks frantically.

Mid-May was the time when SOC signed star players. On the surface, they gave great confidence to the leeks and frantically listed more exchanges, but secretly they quietly sold and cashed out. From the highest 20,865 yuan, it continued to fall to more than 0.2 yuan, a drop of 90%.

That is to say, if you bought 20,000 yuan of SOC at the end of May and did nothing, now, nearly two months later, you only have more than 2,000 yuan left in your account. Without doing anything, you were ruthlessly harvested by the banker.

With such a price, wouldn't you be angry? Wouldn't you curse? Wouldn't you defend your rights? Wouldn't you have thoughts of committing suicide like Zhang, the rights defender whose family was ruined by the SOC dealer?

Dancing on the edge of the law: the project owner has disappeared

The SOC project has not mentioned its project team members on its official website or white paper. The previously released Chinese white paper has been taken offline and replaced by an English white paper, which also does not include the project team. But what is even more puzzling is that a project with a mysterious project team has already been launched on Huobi and OKEx.

What’s hateful is that investors can’t find the SOC project team, not even on the project’s official website. The white paper and other channels don’t show who the SOC team is, except for two scapegoats who played football and became members of the project team...

Funds were cut off, 300 million SOC was misappropriated to crash the market

Through the token usage in the white paper and the changes in the SOC holding addresses, we found the reason for the sharp drop in SOC during this period. The white paper shows that the total amount of SOC Token is 1.5 billion, and the holdings are distributed as follows: 40% foundation (for ecological incubation, etc.), 20% team incentives (currently locked), and 40% ETH as private placement currency in circulation in the market.

However, judging from the SOC holding addresses on Ethereum, in addition to the 20% locked by the team, only 20% of the 40% used by the foundation for ecological incubation remains. We have to ask, where did the 20% of the missing SOC, a total of 300 million SOC, go during this period?

There is only one reason. The dealer has been selling SOCs to cash out during this period. He claimed that only 600 million SOCs were in circulation in the market, but he secretly sold 300 million SOCs to the market at around 0.3 USD, or 2 RMB, to cash out. There is even news that "Dongqiudi ran out of funds, issued SOCs, and cashed out 300 million SOCs."

However, the relationship between SOC and Dongqiudi remains unclear. SOC's only strategic partner is All Football APP, and in 2017, Dongqiudi's official platform first promoted All Football APP to domestic users as the "overseas mobile client".

Pseudo-DAPPs are worthless and are just a gimmick to make money

The "ALLFootball" betting app that SOC claims to be the main attraction in the World Cup is actually a centralized backend processing product. This is inconsistent with SOC's claims about blockchain betting DAPP. Moreover, blockchain betting DAPP is high-frequency and high-concurrency, and has very high TPS performance requirements. For SOC, which does not even have a public chain, can it run smoothly on Ethereum?

After all, running a CryptoKitties on the Ethereum network or listing a coin on the Fcoin address in the past two days will cause serious congestion on the Ethereum network. Therefore, the actual use of the SOC World Cup's main guessing project is very small, and it cannot support high-frequency guessing transactions. It is mostly a gimmick.

Signing stars like a novel plot, fooling the public

I believe everyone is particularly impressed by SOC's various eye-catching marketing. Because they did not use the money they raised to develop properly, but instead used it all to do some face-saving projects. They repeatedly acted as "the king of big talk" and deceived users, with the purpose of harvesting leeks by taking advantage of the gimmick of the World Cup.

SOC has been claiming to have signed two world-class football stars since May. Then it was reported that it had signed Cristiano Ronaldo. Then it was filming a promotional video in Europe. But it has been delaying the announcement and playing a guessing game with users. This is simply treating users like fools and making fun of them.

It is all handled by the agent, and even if the cooperation is deep or the relationship is good, the right to use the name of some stars can be used for free. It is not like the stars who spent a lot of money to sign as seen by the outside world.

Based on the above dimensions, the comprehensive analysis of SOC is summarized as follows:

1. SOC is the blockchain project of the Dongqiudi team;

2. The technical team is doubtful and the code is almost zero;

3. The disappearance of 300 million SOCs from the foundation is also the cause of the plunge;

4. Signing stars is an excessive marketing gimmick;

5. The transaction data is suspected of being seriously falsified;

6. There is no substantial project, and the fake DAPP deceives users.

It is not difficult to see that SOC is heading towards the abyss. The price of the currency plummeted by 90%, and a large number of users who suffered heavy losses are gathering to defend their rights. It is precisely because of these greedy and greedy people in the blockchain industry that outsiders look at this industry with tinted glasses. Zero-return coins like SOC are destroying this industry.

postscript

I kept admonishing Zhang. He finally promised me that he would not commit suicide before going to SOC to defend his rights. I could not control the thoughts of an investor who had lost more than 3 million yuan and whose wife and children were separated and whose family was destroyed. What I can do is to expose this air coin and let more people stay away from this air coin.

Everything must be studied before it can be understood. In ancient times, people often ate people. I remember it, but I don't know exactly. I opened the history book and checked it. There was no date in the history book. On every page, the words "benevolence, righteousness, morality" were written crookedly. I couldn't sleep anyway, so I read it carefully for half the night. Only then did I see the words between the lines. The whole book was written with two words: "eat people"!

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