M chain is a pyramid scheme coin! There is nothing wrong with the conclusion, and all the next content is to dissect the essence of a pyramid scheme coin.
If you are in the currency circle, you should basically have some impression of the M chain, or have heard of it, or seen it in the group, or seen some posts or advertisements on the Internet. I have received no less than 10 people in the background asking me to analyze it. I searched briefly before, and I felt that it was very in line with the characteristics of MLM coins, but I didn't analyze it carefully, and after careful analysis, it was almost a template for MLM coins!
Judging from the screen swiping behavior of M chain, we can draw a not very rigorous conclusion:The currency that swipes the screen is not necessarily a pyramid scheme coin, but the MLM coin basically swipes the screen。
This is not rigorous, but there is a little truth, because the essence of MLM is to pull people's heads, first from the friends around them, and then gradually spread outward.
What is M-Chain?
Although M Chain has various screens, I haven't found its official website for a long time, and I saw some introductions to the relative website on a website that claims to be the official website, but at first glance it is extremely copycat.
Miner Chain (Mchain) is a decentralized community based on the gaming industry. At its core is a public blockchain system developed by a team of American developers. The system is based on smart contract blockchain technology and IPFS (InterPlanetary File System) to create a storage space and settlement system, using Mchain as the settlement token.
Mchain has a constant issuance of 21 million tokens, with an initial release of 6.3 million tokens in circulation, and the main chain is currently under development and is expected to be launched by the end of the year. The current circulation is ETH ERC20 tokens.
It doesn't seem like there's anything wrong, right, the following is the point.
How to play M-chain?
M chain claims to be a cloud mining coin, to buy coins to buy the contract computing power first, the contract price is 18,000, the newcomer must first spend 18,000 yuan to let the referrer help buy coins from other Mchain players, and then the referrer can open a new account. I think friends who have some understanding of the MLM model have basically understood this: people are the most basic model of MLM. But why are there still many people willing to buy it? Because the yield claimed above is very strong. The referrer declares to the target user: invest 6,000 yuan and earn back 16,800 yuan a year; invest 18,000 yuan and earn back 58,860 yuan a year; Invest 180,000 yuan and earn back 635,100 yuan a year.
Where to find more than 300% returns? How many people are attracted by this terrifying rate of return. The most common screen swipe by M-chain players is the picture below.
But the most ruthless mechanism is the following mechanism: once you become a miner, you have the "mining machine agency right", and for every mining machine you sell, you will "directly receive 38 coins" as a reward. In other words, one person can be commissioned more than 2,200 yuan, and after pulling more than 10 people, each commission will become more than 3,600 yuan.
In the name of mining, promising ultra-high returns, and then charging huge membership fees, encouraging development offline, and rebates according to performance, without any products, without any landing, this is not a pyramid scheme, what is this?
In fact, at this point, there is no need to analyze too much, rational friends have understood that this is a typical pyramid scheme.
How to see through a lie?
I lurked in several M-chain (MCC) groups, and the most common ones in the group were the various reasons why the recommender emphasized that the M-chain was not a pyramid scheme, considering that it was so funny, I couldn't help but expose them one by one:
1. MCC is connected to the imtoken wallet.
As long as the coin is based on ERC20, it can be placed on the imtoken wallet, and there is no problem of docking or not docking.
2. MCC has launched a well-known exchange to realize fiat currency trading and spot currency trading.
Several exchanges on the M chain are pheasant exchanges, almost no traffic, these exchanges can be listed for tens of thousands, it is not uncommon to go on the exchange, and there is not much turnover on the M chain on these exchanges.
3. MCC connects with physical applications, increases currency liquidity, and creates a perfect closed loop for MCC.
The so-called docking physical application refers to the docking of Galaxy Macau online games, but Galaxy Macau has already issued an announcement, saying that it has been fraudulently used.
4. Since MCC was promoted in the Asia-Pacific region, no one has lost money to investors.
No one lost money before the collapse of MLM, but once the collapse of the vast majority of people lost all their money, this is a game of racing with the game bookmaker, when the top runs, this game will end in blood.
5. MCC is about to launch a physical mining machine and mine coins by yourself.
Let's talk about it on the public chain. Even if it is really on the public chain and there is a physical mining machine, as long as it still pulls people's heads, it is a pyramid scheme coin!
6. Since MCC was launched on the exchange, regardless of the market environment, the currency price has remained extremely strong.
An exchange with almost no traffic, the daily turnover is only tens of thousands, and the dealer can keep palletizing until he makes enough money to run away.
7. MCC, as a digital currency developed by the American blockchain team, has participated in the Silicon Valley Blockchain Entrepreneurship Summit Forum and pushed it on the Nasdaq screen.
The Nasdaq large screen is expensive and not expensive, it seems to be only a few thousand dollars.
8. MCC tokens can be queried on the Ethereum official website.
All ERC20 tokens can be found on the Ethereum official website, regardless of whether they are MLM coins or not.
9. What else is there to say about MCC making money?
MLM is all about giving some sweetness before running away.
At this point, I believe you have understood:M chain is a pyramid scheme, for safety reasons, it is natural to stay away.But considering that it is difficult to convince a person in a pyramid scheme nest, I can only hope that my friends will not be the last to take over. |