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The BCOT token is a utility token that allows users to access various features of the Catenis Enterprise platform (a product launched by Blockchain of Things, Inc.). When used within the Catenis platform, this token can be converted into internal Catenis credits, activating key system functionalities, including secure information transmission, blockchain data recording, smart asset creation, and smart asset transfer, enabling businesses to utilize a powerful set of features. When used in the Catenis platform, BCOT tokens will be consumed as part of the system's rapid application technology. The consumed tokens will be converted into actual Bitcoin blockchain value (actual Bitcoin), which can be used to pay for Bitcoin mining fees and form dust amounts (small amounts of Bitcoin). Token consumption can support the development of decentralized applications, smart edge contracts, smart agents, and smart assets, ensuring the security of permissioned communication on the open global peer-to-peer Bitcoin blockchain.

The starting price of this token is $0.50 each, and the token price will gradually increase to a maximum price of $2.00 each based on the following criteria. When the token sales reach a hidden cap or continue for 6 weeks (whichever comes first), the token sale will end.

• Token price and sales schedule:

  • The starting price of the token is $0.50 each.
  • After the token sales reach $10 million during the public sale, the price will increase to $0.75 each. If the token sales exceed $20 million, the price of $0.75 each will no longer be valid.
  • After the token sales reach $20 million during the public sale, the price will increase to $1.00 each. If the token sales exceed $30 million, the price of $1.00 each will no longer be valid.
  • After the token sales reach $30 million during the public sale, the price will increase to $1.25 each. If the token sales exceed $40 million, the price of $1.25 each will no longer be valid.
  • After the token sales reach $40 million during the public sale, the price will increase to $1.50 each. If the token sales exceed $50 million, the price of $1.50 each will no longer be valid.
  • After the token sales reach $50 million during the public sale, the price will increase to $1.75 each. If the token sales exceed $60 million, the price of $1.75 each will no longer be valid.
  • After the token sales reach $60 million during the public sale, the price will increase to $2.00 each.
  • The token sale will end after it has lasted for 6 weeks or when the token sales have reached the hidden cap (whichever comes first).

• Schedule: The token sale period lasts a maximum of 6 weeks but will end when the token sales reach the hidden cap (in USD).

• Hidden cap: We do not wish to sell tokens indefinitely, so a hidden cap has been set to end the token sale.

• Maximum total supply of tokens: The maximum total supply of tokens depends on the number of tokens sold, and the company will not continue to issue tokens after the number of tokens sold reaches the maximum total supply.

• Token distribution:

20% — Minimum target supply of circulating tokens:

• 7.5% — Token distribution:

  • 7.5% of the maximum total supply of tokens will be allocated to token sale participants after the token sale ends. Token sale customers are eligible to participate in the customer reward program (see below).

• 12.5% — Customer reward program:

  • 12.5% of the maximum total supply of tokens will be allocated to the customer reward program, with distribution gradually completed over the next 3 years. Anyone holding tokens and registered is eligible to participate in this program. See "Customer Reward Program" for details.

• Note: The 20% minimum target supply of circulating tokens is the minimum target to be achieved within 3 years after the initial token distribution. This target should be achieved within 3 years after the initial distribution, as the customer reward program lasts for 3 years.

• Note: The 20% minimum target supply of circulating tokens does not include community grants, bonuses, and other allocations (as described below). When including all additional allocations, the circulating token supply will reach 40%, as the remaining 60% will be retained by the company (as described below).

• 10% — Bonus:

  • The company will reserve 10% of the maximum total supply of tokens for third-party developers who develop applications using the Catenis platform. The company is likely to gradually distribute bonuses over a long period after the 3-year customer reward program ends.

• 5% — Community grants/advisors:

  • The company will reserve 5% of the maximum total supply of tokens for granting to partners or community grants. Community/advisor grants are primarily used to reward various blockchain-related activities organized to enhance the visibility of the Catenis platform and promote marketing. The company is likely to gradually distribute community/advisor grants over a long period after the 3-year customer reward program ends.

• 5% — Founders/core team allocation:

  • 5% of the maximum total supply of tokens will be allocated to the founders/core team. These tokens will be gradually distributed. Starting from the date of token distribution, 16.67% of these tokens will be allocated to the founders/core team every 6 months, so these tokens will be fully allocated within 3 years.

• 60% — System/company reserve:

  • 60% of the maximum total supply of tokens will be reserved by the system. The company can issue these reserved tokens at any time or use them for purposes, amounts, and terms determined at the company's discretion.

• Customer reward program: 12.5% of the tokens will be allocated to the customer reward program, and anyone holding tokens is eligible to participate in the customer reward program. If you hold tokens for at least 30 days or use tokens within the Catenis Enterprise platform, you will be eligible to participate in the customer reward program based on your "daily average token holdings."

• After the initial token distribution, the company will distribute the tokens in the customer reward program evenly every 6 months (on the 6 reward days). Therefore, it will take 3 years to fully distribute the tokens in the customer reward program. Before the established reward day arrives, the tokens in the customer reward program will be distributed proportionally based on your "daily average token holdings."

• The daily average token holdings equal the weighted average number of tokens held by the customer since the last reward day. For example, if you held 100 tokens for 10 days in the 182 days before a reward day, held 200 tokens for 150 days, and held 0 tokens for 22 days, then your daily average token holdings would be calculated as (100 tokens x 10 days + 200 tokens x 150 days + 0 tokens x 22 days) / 182 days, which equals 170.3 tokens. If you use tokens within the Catenis Enterprise platform, we will include those tokens in the calculation of daily average token holdings. To be eligible for the customer reward program, customers need to hold BCOT tokens for at least 30 days during the 6-month period before the reward day.

• When you purchase tokens, you need to register all BCOT addresses under your control to qualify for the customer reward program. Customers eligible for the customer reward program will receive token allocations on each reward day. The allocations you can receive through the customer reward program will be determined proportionally based on your daily average token holdings.

• Example of a 3-year loyal customer: Here we provide a simplified basic example to illustrate how the customer reward program works. In this example, we assume that for the 15% of the token supply reserved for bonuses and community grants, 2.5% is immediately allocated, and the remaining tokens are reserved for future distribution. According to this example: Since the bonuses/community grants (2.5% of the supply), founders/core team (5% of the supply), and token purchasers (7.5% of the supply) are all eligible to participate in the customer reward program, this means that 15% of the token supply (2.5% + 5% + 7.5%) is eligible for the customer reward program.

• Given the above assumptions, 12.5% of the tokens will be allocated to the customer reward program, while 15% of the tokens are eligible for rewards. This indicates that the probability of customers who retain or use tokens receiving rewards is 83% (12.5%/15%). However, if 50% of the token holders retain or use their tokens, and other holders are not registered in the customer reward program, the probability of 3-year loyal customers receiving rewards will increase to 167% (i.e., 12.5%/7.5%), as the reward program tokens abandoned by short-term purchasers will be allocated to those loyal customers who retain or use tokens. In short, the company provides strong incentives for long-term loyal customers who use the Catenis Enterprise platform or store tokens for future use.

• Bonuses: 10% of the tokens will be allocated to third-party developers who develop applications using the rapid integration web service layer provided by the Catenis platform. The purpose of distributing bonuses is to incentivize developers to create applications on the Catenis platform. The company will allocate bonuses to third-party application developers based on the relative value of the applications. The value of the applications will be determined based on the following two criteria: 1) the application's usage in real life and 2) the application's future usage/development potential. Third-party developers can use Catenis to develop products/services and profit by selling their own developed products/services. The profits that third-party developers can earn are unrelated to the bonuses described in this section. Examples of third-party applications that can be developed on the Catenis platform include but are not limited to:

• Secure IoT: Different industries and different aspects of an operation are more inclined to utilize Catenis's secure IoT features to handle various use cases. Therefore, third-party developers can develop industry-targeted applications that leverage the security of the Catenis platform to bring customized solutions to different segments of the IoT market.

• Hardware services: Since the digital keys of smart assets can unlock functions in remote hardware connected to the Catenis platform endpoints, the Catenis platform can provide secure, blockchain-based hardware services. Third-party developers can develop industry-targeted applications that utilize this functionality in different ways across various industries.

• Industry-specific applications for counterfeit detection: The authenticity verification feature of the Catenis platform is a key characteristic that helps combat global counterfeit sales. However, different industries need to apply this feature in different ways. Therefore, third-party developers can build industry-targeted applications while constructing the basic authenticity verification functionality of the Catenis platform to address the nuances of specific industries.

• Stock market: Delaware law allows U.S. companies to trade shares on the blockchain, streamlining the share settlement process. The Catenis platform already has the capability to encode smart assets that can transmit actual stock certificates. The Catenis platform also has the capability to abstract cryptocurrencies, allowing traditional stock investors to purchase shares from their regular brokerage without having to deal directly with cryptocurrencies. Third-party developers can build a stock market that simplifies the stock settlement process.

• And many more functionalities. Refer to the white paper for detailed information on technology and potential use cases. Your support for the token sale will enable Blockchain of Things, Inc. to grow at a faster pace, increase the number of users on the Catenis platform, and provide powerful features that ensure the security of the IoT. We view our growth as a way to strengthen the community of secure IoT/blockchain developers.

We believe that people want to have more trust and security in transactions, and we are committed to helping users achieve this goal.

From the perspective of tokens, analyzing the essence of a blockchain, when you truly understand the economic significance of tokens, you will find that 99% of digital currencies are a big deception! It can be said that it is "one trick to eat all."

The pain of digital currency

According to CoinMarketCap data on July 2, there are over 1,400 tokens traded on exchanges worldwide, with 1,050 tokens having a daily trading volume of less than $100,000, over 800 tokens with a daily trading volume of less than $10,000, and over 300 tokens with a daily trading volume of less than $100. A large number of blockchain projects have either died or are close to death.

Data from the Dead Coins website shows that there are currently about 800 tokens that have lost vitality in the digital cryptocurrency industry, while the Coinopsy website directly predicts that more than 1,000 projects will eventually die.

This year has also been a year where air coins and pyramid scheme coins have run rampant. Although ICOs are strictly prohibited in China, many projects have gone abroad to conduct ICOs, only to return to China to deceive again.

The superstar MXCC is a blockchain project launched by Superstar Media, dedicated to creating a landing application asset system for blockchain film and television culture. Born in Hong Kong, it was listed on January 11, with an initial cost of around 2.4 yuan and a total issuance of 2 billion, raising 5 billion yuan. The listing opened below the issue price, with an opening price of 0.2 yuan, dropping 12 times. On March 14, the price officially went to zero, becoming the first project to reach zero. The MXCC official website can no longer be opened, and the team is suspected of running away. At the same time, there are numerous user complaints that MXCC is suspected of false advertising, causing huge losses to investors.

Centra (CTR), a digital wallet for storing digital currencies, has been deceiving people under the guise of cooperation with Visa and MasterCard. The coin price has plummeted, and it has basically gone to zero, with many trading platforms, including OKCoin Korea, having delisted it.

Hero Chain (HEC) provides legal gambling entertainment underlying technology services globally. After going online, the token price continued to decline, and investors saw a 90% evaporation of the market value of their tokens. Seeing the continuously decreasing principal balance, investors decided to report it. On March 14, the public security organs filed a case for fraud.

In addition to the above projects, 13 projects including bee, refereum, current, dock, Lino, cortex, etc., participated in false investment, but investors have not received any coins for a long time. Reports indicate that the investment was delayed to implement fraud and run away with the money. The number of ETH involved in this project is as high as 140,000 ETH, worth nearly 700 million yuan.

Even more frightening is that some people have engaged in pyramid scheme coins under the guise of digital currencies. A search on the China Judgment Document Network shows that there are a total of 141 virtual currency pyramid scheme cases found. The cases involve MBI, M3 coin, dark coin, Asian coin, Stellar coin, Golden Shopping Alliance electronic currency, Yangtze River International virtual currency, Qileba, Weishi Media electronic currency, dividend point coin, virtual gold coin, HGC, COA, LFG, SRI, bismall, AHKCAP, CPF, Yi Fen, K coin, R coin, Baichuan coin, K treasure, Zhongfu Tongbao, Hongtong coin, Reins electronic currency, Global BlackRock No. 1 financial currency, Grasberg, BCI, M coin, Wing coin, EV coin, performance coin, FIS, U coin, ES, Treasure Network performance coin, Huiai electronic currency, Jianye Pan electronic currency, subsidy coin, high-frequency trading coin (HFTAG), Happy Compound Interest coin, Quick Link website virtual currency, Shihua coin, Ente coin, CPM, Kela coin, Supreme coin, Wuhua Alliance virtual currency, Meisheng E, China coin, Mimo virtual currency, FIS, World Cloud Union cloud coin, Liwu coin, Weika coin, Mark coin, Kindness coin, Wujin coin, ATC, IPC, Central coin, Five Elements coin, Huiai coin, Navigation coin, and at least 65 other names of "virtual currencies." The amount involved exceeds 10 billion, with over 10 million people buying in.

The reason for such a tragic scene is that thousands of blockchain startups are eager to raise funds through ICOs. To obtain financing, they have put a lot of effort into their white papers, deliberately exaggerating projects, misrepresenting teams, and so on, essentially blowing their projects out of proportion.

However, the market user base is limited, and even if they manage to raise a sum of money through private placements, the performance in the secondary market is insufficient to support the return expectations of early investors, leading to early investors seeking to recover their investments. As a result, these projects either run away or fail due to a broken funding chain.

Wu Zheng, chairman and CEO of Sunshine Seven Star Investment Group, stated in an interview that currently 99.9% of the issued cryptocurrencies are air coins, not linked to real assets or applications. They cannot store value or serve as a unit of value, including Bitcoin, which is entirely a speculative tool.

Aaron Brown, a contributor to Bloomberg's market commentary column Bloomberg Prophets, business writer, and investor, stated: "The ICO market clearly has a lot of scams and hype. I have witnessed that 80% of the ICOs are scams, 10% lack real substance, and close shortly after financing. Among the remaining 10%, most may also go out of business."

Meng Yan, vice president of CSDN, believes that investment in blockchain and cryptocurrency is currently not a market that the general public should participate in. It should be participated in by professionals or qualified institutions, as they possess considerable knowledge, tools, and capabilities.

The significance of token economics

As the saying goes, "All the bustling is for profit, and all the commotion is for profit." Nowadays, tokens have been misused by many people; ICOs can bring money too quickly, allowing people to become rich in a short time, so tokens have become a means for some to make money, and token economics has become a gimmick to deceive others.

The magic of tokens lies in their ability to record physical assets and virtual digital assets in a digital manner. Tokens have three elements: the first is credibility; the second is exchangeability in the secondary market; and the third is economic value.

The first layer of meaning of tokens is property rights. Tokens are a tradable proof of digital rights. This means that various proofs of rights in the real world (equity, bonds, points, tickets, etc.) can be expressed in token form. For example, common examples include tickets, points, contracts, certificates, point cards, securities, permissions, qualifications, etc., which are now recorded.

The second layer of meaning of tokens is currency attributes. Tokens circulate in the digital world, at least as hard currency within the ecosystem. Many projects have issued coins that only serve as tools for speculation in the secondary market, with no circulating value within the ecosystem. This is clearly an air project.

The third layer of meaning of tokens is equity attributes. They can appreciate, long-term returns are expected, and there is significant potential for appreciation.

The token economic system is an economic system established based on tokens or utilizing token circulation to support its operation. The design quality of this system directly determines the long-term healthy operation of tokens and the sustainable stable development of the community. Moreover, once this system is established, it is challenging to change later; for example, in extreme cases, initiating a hard fork would come at a significant cost.

The three attributes of tokens can fully reflect the functions of rights-bearing, smart contract programming, and ecological incentives in blockchain.

Tokens with real investment value must have the three rights unified. However, many blockchain projects have only achieved the first attribute of tokens; in their minds, there is only issuing coins and deceiving others. As for allowing tokens to circulate within their own ecosystem to achieve the goal of preserving and increasing value, that is merely a tool for deceiving others.

It can be firmly stated that if a project has no achievements and relies solely on issuing coins to achieve ecological construction, it is undoubtedly an air coin. As for projects that have already issued coins but have not made substantial progress in ecological construction for a long time, that is also very dangerous.

Although a large number of pioneers have already made a fortune through token issuance, the popularization of token economics still faces significant obstacles, and many people have not understood the true value of tokens.

Recently, with the resurgence of DeFi, DeFi coins have once again become the focus of investors. In the future, as DeFi continues to develop, the number of users and the amount of funds will continue to grow. Of course, more hidden and sophisticated fake coins will also emerge. This poses a challenge for both platform providers and users.

Currently, for platforms like BitKeep, which serve as traffic entry points, they should further strengthen the review process for new projects, striving to reject fake coins and scam coins as much as possible.

For the vast number of users, in the turbulent and scam-ridden field of cryptocurrency, what we can do is perhaps curb our greed and remain vigilant.

After all, holding fake coins that cannot be sold, even with dozens or hundreds of times of increase, ultimately remains "a mirage."

• Confirmed list of pyramid scheme coins (37 monitored in the second half of the year):

GRDC, Yadun coin, DGC virtual currency, EGD—Super, Tianhe coin, U treasure coin, Huangzun coin, "π", Yiyuan, bonus coin, Wenmou (virtual currency), Sheng coin, Shitongyuan coin, Central coin, Kela coin, Yunxintong (reporting coin, Shuanghui coin, Wuxing coin), Goupai coin, Baote coin (TRC), Locke coin (RKC coin), E coin, ADC, BTM Bate coin, LCC coin, Weika coin, Yunzun coin, CNB, Air Bitcoin Club (ABC), Code Chain, Mogin faction, Environmental Agriculture Chain (NYC, CTOP), IAC, Liangbisi, Yao coin, (Jianye coin, Jinxiangyu), Walker Finance, Wanfubao coin.

• Reported list of pyramid scheme coins (63 monitored in the past six months):

AE, AG, AOK, ATC, BAC points, BFC, CHP city hunter, FC coin, FQC food traceability chain, JON agricultural life chain, KCI cultural chain, PCK future chain, Shanfan chain SFC, Shengyuan coin, Shitong coin, Sutonbao, Tofu chain TFC coin, Weilai coin WLT, Weite coin WTB, Xinghan chain, DFC coin, BIOC (Zhongke Hongji), Jinjuhua chain (GOC), Jiuyou chain (9MC), Wine Chain World (Holy Wine token), Ju Zhong Chuang Xiang, Keba (KBA), Cross-border fever goods (FSH), Lime coin (LMC), Lefu chain (LFC), Letai coin (HEH), Flow Magic Box; Six Degrees Chain (SDC), Charity Chain LMC, Maple Leaf coin CMCC, Shared Chain Mall, Meisiwo (POF), Ant Chain (Shanzhai ANTC), Green Coin (GTB), Qu Bu Chain (IWC), Qu Gou Mall (Qu Dou), Ripple Federal Coin (Shanzhai Ripple Coin), Ruixinbao (RXBC), Task Help/Selenium Chain/Bang Bei, Brand Chain (Chinese Capital Chain) PPL, REC Zhongcai Digital Coin, Futai Chain (RHC), Rongte Coin (RTC), TCC Thai Niu Chain, TOMB Tao Bei International Mall, U Treasure Youlian Wanjia (You Treasure Coin USS), Vpay (V-token), A·Li Miner, Plato (PLATO), Hengfeng Century Supply Chain, Huote Coin, Jichain Coin, Global E-commerce Coin (GEC), Airbitclub, Meijia coin, Light Cone LCC, BHB.

With the development of the blockchain industry, traditional pyramid scheme funding platforms have now donned the cloak of blockchain, luring investors who do not understand or have insufficient knowledge of blockchain. The operators of blockchain funding platforms use the effect of "getting rich overnight" with so-called digital currencies to attract a large number of investors to participate, only to eventually collapse or run away, causing huge losses to investors.

Below is a list of some recent blockchain projects that have collapsed, run away, or encountered problems, as well as blockchain funding platforms. Feel free to leave comments to add more!

MBI: Investor WQ exploded.

Cloudtoken wallet: Will refund investors' funds.

MGEX exchange: Has run away.

BeeBank: Has closed and run away.

ICC wallet: Operator has been arrested.

ProsperToken: Has absconded with funds.

IDAX exchange: Under investigation, platform coin IT has gone to zero.

Beike International: Shareholders have been arrested, police have filed a case.

KuCoin exchange: Harvesting investors using IEO projects.

Quark Chain Letter CCT: Has been raided.

Huaden District Dog: Completely collapsed.

WBF exchange: Under investigation.

Newton exchange: Has run away.

Matcha exchange: Founder has run away abroad.

ChainUP: The office is empty, and the company has been simply deregistered.

BISS exchange: Under investigation.

GGBTC exchange: Closed.

Coin Tiger exchange: Unable to withdraw.

AKDEX exchange: Closed.

INC Shadow Chain: Run away.

EVC funding platform: Run away.

ICC: Core leaders have been arrested.

WoToken wallet: Under investigation.

Chip Chain HPB: Run away.

UKF: Has been filed for investigation.

Summary of funding platform projects in May (first batch):

1. ZGK exchange.

This exchange has various explosions, initially luring you to deposit, but later restricting your withdrawals with such reasons, even directly freezing accounts. Similar operations have occurred at Wall Street Exchange; both exchanges should be avoided.

2. New coins NYM, TAKI.

Various new coins have been launched on the OK chain, and most of these new coins are harvested as soon as they are issued, leaving many users caught off guard, being harvested at the peak, such as NYM and TAKI new coins, which are harvesting leeks, so invest cautiously.

3. ZT exchange.

This exchange frequently lists air coins to harvest leeks, initially attracting users to enter, then starting various shady operations, such as restricting withdrawals, freezing accounts, and frequent system upgrades, making it easy for many users to deposit but difficult to withdraw. Remind everyone to stay away.

4. New project GAL.

The GAL project, favored by major exchanges, had a shocking scene upon launch; shortly after going live, it plummeted from a peak price of 200U to 15U, a drop of 1333%, once again demonstrating the "crash at opening" curse.

5. ibox digital collection platform.

This platform has encountered issues: three college students borrowed and hoarded a batch of ibox collectibles, resulting in a price crash that they could no longer bear, leading one to jump off, with the remaining two unable to withstand the pressure. Originally, this platform was already a mess, and now it has involved life-threatening issues, so investors should stay as far away as possible.

6. soca coin.

This dog coin was previously detected as a scam and collapsed, but then it announced a relaunch, riding the wave of the Qatar World Cup. Be cautious; dogs cannot change their nature, and even if they relaunch, be wary of their harvesting tactics.

7. Headline BAYC new project.

This NFT new project collapsed as soon as it came out, with the native governance token Ape Coin of BAYC experiencing a sharp decline, and the floor price of Otherdeed also significantly dropping, with the BAYC floor price even falling below 100ETH, which is equivalent to being halved. Moreover, the NFT images themselves have no real value, so digital collection players should be cautious.

8. LUNA coin.

Currently, the entire coin circle is in decline, and LUNA coin is particularly terrifying, directly halving within a day, causing many holders to suffer significant losses. It appears that this coin is almost at the brink of zero, so everyone is reminded to be cautious.

9. BitMEX exchange.

The regulatory license of BitMEX exchange is questionable, posing intermediate risk hazards, and has always had regulatory issues, with a high risk of collapse. Recently, there have been reports of imitation exchanges claiming to be BitMEX, which are actually scam platforms designed to harvest leeks, so be careful.

10. Azuki project.

The NFT project Azuki has suffered a crisis of trust, mainly due to: first, the founder previously had three runaway projects exposed; second, the project team is anonymous and lacks transparency; third, there are suspicions that this is a funding platform run by domestic individuals. Caution is advised.

11. Dream Island digital collection.

This project has had various issues from the start, essentially a mess, with its public account being banned twice, and the app encountering multiple problems, such as payment issues and airdrop problems. It has been proven that this platform is a secondary illegal platform that can be "hijacked by hackers" or "abandon" at any time, so avoid it.

12. Qu Galaxy (TGL).

This Qu Galaxy is illegally raising funds under the guise of crowdfunding, involving a large number of people in pyramid schemes, promoting with slogans like "low threshold, high returns" and "low risk, high profit" to attract users to participate, brainwashing users to deposit large amounts of money, which is a typical Ponzi scheme.

13. EOS coin.

In this overall decline of the coin circle, EOS coin has also broken its historical low. In this bear market, there may also be risks of shutting down and going to zero! Therefore, holders of EOS coins are reminded to cut losses in a timely manner, and those who are observing should not participate further.

14. HOTDOG platform.

HOTDOG supports cloud payment and Shande quick payment, but now due to changing payment channels or reasons related to previous transactions triggering payment company risk control, users cannot complete payments after placing orders on HOTDOG and are frequently locked out, causing many users to be unable to trade or withdraw, thus harvesting leeks.

YFIM (run away)

Haizhi Chain (run away)

Earn More (run away)

Yao Health (run away)

Pet Continent (run away)

Wancheng Gold (run away)

Shiquan Shimei (run away)

Yingfen Shijia (run away)

Millet Youpin (run away)

Health Journey (collapsed)

Zhongzhui Ma Gou (collapsed)

Tengyun Shijie (collapsed)

Interstellar Mining Field (run away)

Ant Miner (run away)

Love Elephant Life (collapsed)

TRX Tron coin (run away)

Lashou Short Video (run away)

Huangdou Car Life (run away)

Aoyin Short Video (run away)

Bitcoin Diamond (run away)

China Digital Public Chain CIPC (run away)

Legend of the Dragon (collapsed) has been deceiving for a year.

Xiaoshengyi (I deleted it, cannot trade, changed rules)

Whale Life (collapsed) price calculated at face value, just delete it.

Eternal Maze (collapsed) locked twice at a very low price, just delete it.

Zhangqu Life changed to buy first, sell later, do not invest, just delete it!

Quick Step (collapsed) not recommended to play, price too low, wasting time.

Ju Pao (collapsed) not recommended to play, price too low, wasting time.

YYH Fun Life (collapsed) price plummeted to one yuan, a bunch of advertisements.

Quick Pay Ecology (collapsed) heard from friends that it’s useless, all big orders, suggested to delete!

Zhangshangbao Short Video (collapsed) not recommended to play, price too low, wasting time.

Go Shoot (collapsed) has been in the group without seeing good news, price 0.7 yuan, suggested to delete.

Quick Look (now can only trade privately, group price is extremely low, those with coins can go book hotels).

Nongfubang (collapsed) added two customer service representatives who do not respond, and the official public account also does not reply.

Juxing Gongshe renamed to Shiji Xingcheng (collapsed) suggested to delete quickly, hung for two days without selling, price dropped to 1.73 yuan.

Kenghuangzhe price dropped to one yuan, whether it can rise again is uncertain, this is not guaranteed, if you feel it’s not worth it, just delete it.

In 2020, a total of 400 collapsed and run away "blockchain" and "funding platform" project blacklists
December

1 Gemini New Covenant Dark Web Project Near Collapse

2 Fireworks HDU High Risk

3 Off-exchange Ethereum 95% off Collapse

4 Red Bull Exchange Unreliable

5 Oppa Gym Unreliable

6 OKO Crazy Mining Chain About to Collapse

7 BlackRock Mining About to Run Away

8 Alpha, Dolphin Protocol Collapse

9 Fun Classification Collapse, Under Investigation

10 Original World Collapse, Rights Protection in Progress

11 CEO Exchange High Risk

12 Honey Ta MT Unreliable

13 Hang Tianxia Grab Order Mutual Aid Platform High Risk, About to Collapse

14 BitPay BPH Collapse

15 Asia Exchange A.TOP Collapse

16 Win More Collapse

17 BOBO Wave Network Exchange Unreliable

18 Fun Douyin Collapse

19 BitQy Trading Platform Unreliable

20 Pet Tribe Mutual Aid Platform High Risk, About to Collapse

21 G Payment, BG Exchange High Risk

22 SIE Secret APP No Value

23 Secret Music APP Difficult to Define

24 ATR Antai Chain 2.0 Unreliable

25 LM Long Cat Public Chain Collapse

26 OK TOKEN and TOP COIN Unreliable

27 BTCs Nakamoto Unreliable

28 IHS Aixin Chain Collapse

29 SLG Quantitative Fund Unreliable

30 DeFi Insurance Project Cover Collapse

November

1 Forsage Unreliable

2 Viking Exchange Run Away

3 Gather融 Bonus Platform About to Run Away

4 Position Management Run Away

5 Tuiyiba TWEE Unreliable

6 Glacier Century Grab Order Mutual Aid Platform, Unreliable

7 Fire God Exchange Unreliable

8 IAC Project Run Away

9 AOT Charity Coin Basically Cold

10 Ant Planet Grab Order Mutual Aid Platform, Unreliable 11 Token Better Exchange Run Away 12 Honey Ta MT Basically Cold 13 Gemini New Covenant Unreliable 14 Radar Classic About to Run Away 15 SIDC Project Collapse 16 Youbeidi Unreliable 17 Athena Exchange Run Away 18 VB Exchange Unreliable 19 K Special Coin Unreliable 20 Water Moist Turtle Grab Order Mutual Aid Platform, Unreliable, Already Run Away 21 Frog Wallet Run Away 22 Tiger Symbol Exchange Beware of Rollback 23 Animal World Run Away, Rights Protection in Progress 24 Tron Ecology About to Collapse 25 BitMessage Unreliable 26 DeFi Exchange Unreliable 27 Maya Exchange Run Away 28 MGP Global Payment Unreliable 29 Everyone Plant Trees Mutual Aid Grab Order Platform, Unreliable 30 Off-exchange Ethereum 95% off ETH Unreliable

October

1 Fake Mentougou Exchange Run Away

2 Global 5G IoT Blockchain Project——DYM-BlockChain Stay Away

3 Tron Public Chain Project: Cola Collapse

4 PTFX Puton Forex Convicted

5 DAPP: Player Feast Stay Away

6 Contract Trading: QIC Contract Mining Machine Project Unreliable, Stay Away

7 Liquidity Mining: UniCats Stay Away

8 Golden Shield Exchange Collapse

9 Fire Bull Video Project Unreliable, Stay Away

10 Maodou World Project Unreliable, Stay Away

11 BitNet Exchange Collapse

12 Yuan One Coin SEELE Historical Three Harvests, Stay Away

13 DeFi: LBI Project Collapse

14 Quark Chain Letter Basically Collapse

15 Love Up Exchange Run Away, Rights Protection in Progress

16 AWD Super Contract Exchange Run Away

17 Future Mining Field Collapse, Rights Protection in Progress

18 DragonEx Exchange Stay Away

19 NEK Naku Scythe Hand Zhu Pan Operated, Stay Away

20 Fun Step APP Repackaged, Risk Undetermined, Exercise Caution

21 Flame Coin Exchange Stay Away

22 Show Off APP Collapse

23 Golden Sands Holdings Basically Collapse

24 Love Short Video Project Unreliable, Stay Away

25 Liquidity Mining: Shrimp Play Farm Collapse

26 Kcash Wallet Suspected Run Away

September

1 DeFi Project: MantraDAO Stay Away

2 DeFi Project: Emerald Run Away

3 DeFi Project: Coral Collapse

4 WUC World Universal Token Caught and Investigated

5 Global Entropy Stay Away

6 Taimu Valley Collapse

7 MFC Digital Currency Stay Away

8 Animal World Collapse Imminent

9 99pool Mining Pool Collapse

10 JINZU Golden Pig Collapse

11 AMBC Sino-African Mining Already Investigated 12 Spider Mining Pool Stay Away 13 WBF Watt Exchange Choose Carefully 14 Mining New Era Collapse 15 Fun Play APP Basically Cold 16 Tuiyiba TWEE Imminent Collapse 17 GATE Bit Er Exchange Already Investigated 18 GX Exchange Stay Away

19 WoToken Already Judged

20 SENbit Exchange Stay Away

21 Bit Cake BCK Project Unreliable, Stay Away 22 Swap Tuna Collapse 23 Smart World Project Unreliable, Stay Away 24 ZB Exchange Imminent Collapse 25 EOS DAPP Project Unreliable, Stay Away 26 Bear Market Light: BHB Already Investigated 27 Fun Charge Project Unreliable, Stay Away 28 Tron Chain Project Unreliable, Stay Away 29 SSR Sunshine Ranch Collapse 30 IG Forex Stay Away 31 FEW Launched for 2 Hours, Directly Zeroed, Collapse 32 BITT Public Chain Run Away 33 Chemi MiTi Stay Away 34 Global Expo Project Unreliable, Stay Away

August

1 BKEX Coin Guest Exchange About to Run Away

2 Monies Bank Mu Yi Bank Already Investigated

3 LX Mall - Ideal Home Already Investigated

4 Thunder Shield Exchange Unreliable, Joint Project Harvesting User Leeks

5 Chain Letter Stay Away 6 bione Exchange Unreliable 7 Secret Music Cube Already Collapsed, Difficult to Revive 8 Jiaoer Exchange About to Run Away, Stay Away 9 TCT Planet Town Funding Platform Project, Stay Away

10 Taimu Valley Time Bank Investigated/Closed 11 BFX Exchange Unreliable 12 China Public Chain GABA Collapse Run Away 13 Litecoin Ecological Chain Funding Platform Project, Stay Away 14 Aladdin Wallet Collapse Run Away 15 CRDex Exchange Collapse Run Away 16 BiBox Exchange Unreliable 17 Silbe ST Super Public Chain Imminent Collapse 18 Meow Meow APP Already Investigated 19 Ju Coin Exchange Already Investigated 20 Fun Play About to Run Away

July

1 GEC Environmental Coin System Already Unavailable

2 Fun e Purchase Run Away 3 HTV Media Run Away 4 Boosting Help Run Away

5 HFF Eating Sail Run Away 6 Aladdin A0C Mining Completely Collapsed 7 AMZ0 Unavailable 8 Magic Voice Short Video Collapse 9 Nebula Miner STR Unavailable 10 HPC Hope Star Unavailable 11 TAN Smart Titan Unavailable 12 Future Pastoral Unavailable 13 Micro Element Collapse 14 Fox Sound Short Video Collapse

June

Yuan Dian Life Chain Locked on June 19, Caution in Entering 1 Spider Web-SPD Unavailable 2 Green Earth Unavailable 3 Federal Planet Collapse
4 Star Academy Run Away 5 GOTA Community Run Away 6 Marazhan Run Away 7 Micro Cloud International Run Away 8 VITA Community Unavailable 9 Baiyi Short Video Unavailable 10 CRY Kerry Coin Caution Not to Play 11 MBKToken Run Away 12 Laiyun Coin Server Unstable, May Run Away at Any Time 13 Chain Sound Live Run Away 14 AHA Qianqiu Mining Unavailable 15 Youpin Idle Unavailable

May

1 TDF Digital Castle Official Group Defeated, Project Collapsed

2 Huacang Tongbei May Have Run Away

3 KNC Collapse

4 Co-founder Unavailable

5 SPE Miner Alliance Unavailable

6 CT Mining TRX Wallet

*7 Green Leaf Collapse

8 Water Chain World Unavailable 9 RRCP Smart Ark Frozen 10 Jinfen Shijia Run Away 11 BQZ Exchange Unavailable

12 Nano Chain NML Collapse 13 LeShua Short Video May Have Run Away 14 Nano Chain NML Collapse 15 Lianlian Short Video Unavailable 16 Nac Health Coin Unavailable 17 Spark Short Video Unavailable 18 ATOM Public Chain Run Away 19 YTC Wallet Run Away 20 Xiangxiang Coin (NNB) Collapse 21 TPSH Iron Skin Stone Unavailable 22 Shiguang Video Collapse 23 E Network Exchange Run Away 24 Le Chain Run Away

25 Car Chain Run Away

26 ETF Ethereum Future Run Away

27 SNC Account Frozen, Unable to Withdraw, Not Investing in Contracts

28 AI Smart Cloud Extremely Poor Experience

29 Mushroom Life MogLife Fast Scam 30 Bitfreecah Run Away

31 Yi Ren Farm Run Away 32 BHC Poor

33 MI Meiguang Unavailable 34 GFX Unavailable 35 Mi Lian Paradise Unavailable 36 Chain Era Run Away 37 VEC Weike Coin Poor 38 Jiyu Run Away 39 Koala Community Poor 40 G Network g-net Unavailable 41 Yangzi Biology Unavailable 42 XRPDP Run Away

43 Light Source Chain Run Away 44 LINK Run Away

45 Energy Paradise Run Away 46 Advertising Alliance Unavailable 47 Jinrui Coin Has Already Run Away 48 Yal Chain World Run Away 49 Nebula Coin Unavailable

50 Genesis Mining Field GMpool Server Unstable, May Run Away at Any Time

51 Palm Wealth Unavailable 52 Coin Fire Circle Run Away 53 LB. INK Run Away 54 Read and Earn Unavailable

April

1 Fun Car Emperor Collapse

2 ETC Ecological Alliance Poor

3 Yao Xuan Run Away

4 C0P Run Away 5 Le Xue Bao Run Away 6 Baolai Chain Run Away 7 Green Environmental Chain Completely Collapse 8 Ci Yin Short Video Extremely Poor Experience, Very High Risk 9 Oasis Planet Extremely Poor Experience, Very High Risk 10 MHEX Run Away 11 TFCion Closed 12 Fangditong REP Run Away 13 DACS Dash Run Away 14 ZRX Alliance Run Away 15 STL Collapse 16 Everyone Health Unavailable 17 ONTology About to Collapse 18 MRC System Unstable, Very High Risk 19 Le Hui DES Extremely Poor Experience, Very High Risk 20 Yi Shang Lian Unavailable 21 Candy World Unavailable 22 EC Unavailable 23 New Global Focus Extremely Poor Experience, Very High Risk 24 IPFSTIMES-Star Era Extremely Poor Experience, Very High Risk 25 AE Aunt Coin May Run Away 26 PolyMate Database Deleted, Completely Collapsed 27 AE Cloud Unavailable 28 Olympic Star Investigated by Police 29 HCC Data Deleted, Completely Collapsed 30 ECH Run Away 31 Tengyun Coin Unavailable 32 ETH Symbiosis Run Away 33 CTH Run Away 34 ETV Synthesis Run Away 35 Mini Ecology Run Away 36 C NetWork Unavailable 37 GO Bad Protection Unavailable 38 Energy Club Unavailable 39 DBG Publicly Run Away 40 JKB Ecology Run Away 41 HH Zhongtai Chain Run Away

March

1 Plosive Domestic Not Compliant with Laws 2 MCN Run Away 3 FLC Run Away 4 M0C Run Away
Others

1 PW INDEX Ecology Pyramid Scheme 2 Fun Play Not Fun Anymore, Handling Legacy Issues, Upgraded and Started Again, Caution,

3 Apocalypse MMM is a mutual aid fund siphoning platform, which has now run away

4 Xin* Chain Collapsed Last Year, Still Deceiving

5 Jianpin Hui Mall "Consignment/Sale" Type Funding Scheme Scam, Collapsed,

6 "Gospel Short Video" Upgraded and Stopped Service Closed

7 Shangpeng High Technology From the United States Pyramid Scheme, with Xunlian Network, Yingdarui One Trick

8 Radar Coin is a pyramid scheme coin, to this day no platform owner has come forward to admit who is running the platform, the website is overseas

9 Minsheng Guarantee Network Cleans Up Credit Card Blacklist, this is an old pyramid scheme

10 ADX is a platform run by a certain marketing consulting company in Beijing, do not believe these equity listing things

11 Royal Supreme Website in the UK Suspected Pyramid Scheme Scam

12 Prosperity Equity and Zhiti Equity are in cahoots and are a version of a pyramid scheme, stay away

13 "3260 People Network Project" also known as "Supply-side Project" is a false project announced by the Ministry of Public Security

14 Xiang* Pin Hui Equity Selling Equity Scam, the phone number on the "Equity Certificate" cannot be reached

15 You Qian Huan is suspected of being a pyramid scheme that specifically harms internet refugees

16 BTD is a scam under the guise of a national project, the coin price keeps dropping, what’s the difference from robbing people’s money?

17 YSM falsely claims to be a unified network, one of the cloud data trading scams

18 Beidou Chip Generally, those who use Beidou satellites to promote payment are usually deceiving

19 TFHX Tianzhu Qihui Under the banner of foreign exchange, what precious metals, off-exchange insurance, are all deceptions, are there legal procedures in our country? It’s a scam

20 VVS Financial Fraud Has Run Away, the fifth SPD token mining under the guise of POC consensus mechanism (capacity proof) is a pyramid scheme scam

21 EasyStore Easy to Use Treasure has officially run away under the pretext of acquiring the Aton Wallet, the seventh BAT may run away at any time, there are only a few big cats, it seems not to have raised much money,

22 BTCV Don’t mistake it for Bitcoin, it’s a funding platform 23 Original World Under the banner of blockchain, suspected pyramid scheme

24 Beidou Ecological Circle Under the banner of Beidou, a pyramid scheme

25 National Epidemic Subsidy This subsidy does exist, but it is the local government subsidizing some businesses that open stores, not providing money in WeChat groups by submitting personal information 26 Anytime Appointment has been punished by the market supervision bureau, exercise caution

27 Xuri IoT is a type of asset unfreezing scam, do not believe 28 Dongjun Cattle Raising Suspected Funding Platform Pyramid Scheme 29 ETV Global Entropy Ten Times Out? It’s just a scam 30 BLOC Collapse, False Advertising, Suspected Fraud 31 MGS is a platform in Shenzhen, falsely claiming to be an international platform, stay away 32 MOC Wei Coin Fake Foreign Financial Fraud (is a scam by Guizhou Lanjie Sanitary Ware Co., Ltd.) has closed and run away 33 Star Dynasty Film and Television is a scam, stay away 34 Vinegar Egg Return Liquid Suspected Pyramid Scheme, stay away 35 Fun e Purchase is a pyramid scheme, stay away 36 ACE Ace Split Platform As long as it’s a split platform, it’s a funding platform scam 37 TBCC falsely claims to be a global card recommended by China UnionPay, usable in all global banks, deceiving you without discussion 38 Bohui Yaxin Suspected Run Away 39 Manxingyun Collapse has deceived everyone for many years, the Malaysian pyramid scheme has finally revealed its true face CROWD1, a platform that can’t even fabricate a round lie, stay away, 40 π coin This platform is a funding platform pyramid scheme 41 Global Coin Besides continuous upgrades, it’s just about harvesting money 42 Columbus CAT even has a name called Cape of Good Hope Digital Currency, it’s a funding platform, stay away 43 Everyone Raising Cattle Funding Platform Scam, stay away 44 Cloud Alliance Huayun Digital Login System has been inaccessible, indicating that this scam platform is about to reach its end 45 Charity Coin AOT Don’t be fooled by the word "charity," be cautious of this "wolf in sheep's clothing," it’s a scam 46 Zebra Smart Payment Illegal website in Hong Kong, exercise caution 47 Star Chain Time There are ads for apps doing Star Chain Time online, can this platform be real? However, the ads have been banned for fraud 48 Xing Shou Payment Suspected Pyramid Scheme 49 Social Security Card Daily Subsidy of 50 Yuan, it’s a scam, belongs to asset unfreezing type fraud 50 CMGAESET has now turned into 98 partners, coins inside have plummeted in value, stay away 51 Online recommendations for stock trading and futures trading are all scams 52 World Car Alliance Funding Platform Scam, illegal website in Hong Kong 53 Be cautious of projects related to Beidou, beware of scams under the guise of Beidou 54 A certain QR code in China Be cautious of falling into a pyramid scheme, there are procedures, but also abide by the law, cannot engage in illegal fundraising, 55 ADA Recently skyrocketed, be cautious as the peak of harvesting may have arrived 56 Animal World Collapse is not far away, exercise caution 57 "Qinhuangdao Zhonglv" Investment Triangle This is a pyramid scheme organization under the guise of a national project, stay away 58 Mi Chain Paradise Fun Step Imitation 59 BTG (Bitcoin Gold) Mining Scam 60 Wall Street Equity Pyramid Scheme 61 Manual Processing Deposit, High Price Buyback After Processing is a scam, stay away 62 BTE Website in South Africa’s Funding Platform Pyramid Scheme 63 Oil Stain Clean Consumption Rebate, Suspected Pyramid Scheme 64 Youbei UBI Funding Platform under the guise of blockchain, source code is all borrowed from others 65 Only Essential Oil False Advertising, also suspected of pyramid scheme 66 A certain Hong Equity Besides deceiving, it’s still deceiving 67 Jiufu Tong Pure Fraud, coins inside have plummeted in value, stay away 68 AMBC African Mining Funding Platform Scam, Sun certain daily voice deceiving 69 "Qinhuangdao China Dream Main Platform" Scammers use national propaganda to deceive money into their own pockets 70 A certain He Tianxia Debt Relief Suspected Fraud, Suspected Pyramid Scheme, Sichuan Liangshan Market Supervision has issued a warning 71 BTB Coin Tiger Exchange Completely Run Away 72 Hui Nong Tianxia Too Poor, Exercise Caution 73 ZG Exchange Closed and Run Away 74 Ben Cao Gang Mu Suggest Staying Away 75 Guangda Xinhong Suggest Staying Away 76 Charity Mall Suggest Staying Away 77 PABALA Forex Fake Goods 78 Taihao CPT Suggest Staying Away 79 Mutual Aid Platform Sword Furnace Suggest Staying Away 80 Undersea Little Commandos Short-lived Platform 81 Carter International Suggest Staying Away 82 Cloud Electric Venture About to Run Away 83 He Mei Hui Suggest Staying Away 84 UBEX Mining High Risk 85 Jingwei Data Exchange Deceiving and Cheating 86 ESC Energy Chain Has Become a Dead Platform 87 Hanqi Technology Too Deep a Trap 88 Good Culture Suggest Staying Away 89 Mai Shile Suggest Staying Away 90 66EX Exchange Suggest Staying Away 91 AIZHIBIAO Exchange Too Deep a Trap 92 Haihui International Forex Suggest Staying Away 93 Coin Diamond Exchange Suggest Staying Away 94 Star Finder Mutual Aid Platform Seriously Harvesting Money 95 Bitcoin Gold Suggest Staying Away 96 Fire of War Premier Too Poor 97 EXCOIN Forex Collapse Run Away 98 MCKA Magic Coffee Hard to Recover 99 Look at Number Chain DRC Suggest Staying Away 100 ONLYCHAIN Suggest Staying Away 101 Bailijin Too Deep a Trap 102 Tao Painting Network Suggest Staying Away 103 Miku Mall Under Investigation 104 Thunder Shield Exchange Withdrawal Difficult 105 Global Entropy ETV Suggest Staying Away 106 HKEX Exchange Trading Volume Fraud 107 Yuanhang Mutual Aid Platform Completely Collapsed 108 COINBlG Exchange Too Poor 109 Baida. Century Assets Suggest Staying Away 110 Bitcoin Mining Suggest Staying Away 111 XCM Ben Cao Contract About to Run Away 112 Chain Paipai Withdrawal Difficult 113 Xianling Legend High Risk 114 Climber High Risk 115 Apocalypse MMM Collapse Run Away 116 MCFX Forex Suggest Staying Away 117 Dian Purchase Mall Short-lived Platform 118 Lu Yu Tea Suggest Staying Away 119 Ecology Tongnan Suggest Staying Away 120 Rookie Technology Basically Cold 121 Ji Yu Mall Suggest Staying Away 122 SWIPANSFER Collapse Run Away 123 BV Duke Fund Suggest Staying Away 124 Pin Tui Tui Farm About to Run Away 125 Jimu Cloud Rights Protection in Progress 126 Hcoin Exchange Withdrawal Difficult 127 Xmex Exchange Pig Killing Plate, Stay Away 128 BTE Exercise Caution 129 EC Energy Kingdom Run Away Some Members Rights Protection in Progress 130 AtrToken Mining Exchange ETH Financial Fraud 131 XEM New Economy Coin Evil Pyramid Scheme Fraud (using funds as bait, the Yangtze River's back waves push the front waves, the front waves die on the beach) 132 Secret Music Police Investigation Ongoing 133 Coin Bee Exchange Withdrawal Difficult Source: Bitcoin Finance Network, ChainNode