leaf

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 enterprises 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. Consumed tokens will be converted into actual Bitcoin blockchain value (actual Bitcoin), which can be used to pay 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 initial price of this token is $0.50 each, and the token price will gradually rise 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 initial 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 each. If the token sales exceed $30 million, the price of $1 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 6 weeks or when the token sales reach 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 (expressed in dollars).

• Hidden cap: We do not wish to sell tokens without limit, 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 minimum target supply of 20% 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 minimum target supply of 20% circulating tokens does not include community grants, bonuses, and other allocations (as described below). In the case of 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% — Bonuses:

  • 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 longer 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 aimed at increasing the visibility of the Catenis platform and promoting marketing. The company is likely to gradually distribute community/advisor grants over a longer 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 retention:

  • 60% of the maximum total supply of tokens will be retained by the system. The company can issue these retained 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 "average daily 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 "average daily token holdings."

• The average daily 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 average daily 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 average daily 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 allocation you can receive through the customer reward program will be determined proportionally based on your average daily 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 holding or using tokens receiving rewards is 83% (12.5%/15%). However, if 50% of the token holders retain or use their held tokens, and other holders are not registered in the customer reward program, the probability of 3-year loyal customers retaining or using tokens 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 potential for future use/development. Third-party developers can use Catenis to develop products/services and profit from selling their 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 various stages of an operation are more inclined to utilize Catenis's secure IoT features to handle different 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 Catenis platform endpoints, the Catenis platform can provide secure, blockchain-based hardware services. Third-party developers can develop industry-targeted applications that utilize this feature 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 functions of the Catenis platform to address the nuances of specified industries.

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

• There are many more functionalities. See the white paper for detailed information about 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 for a wide range of users. We see our growth as a way to strengthen the community of secure IoT/blockchain developers.

We believe that people want 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 big scams! 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 having a daily trading volume of less than $10,000, and over 300 tokens having 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 the number of projects that will eventually die will exceed 1,000.

This year has also been a year of rampant air coins and Ponzi coins. 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's Shangya Exchange, 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, breaking the issue price by 12 times. On March 14, the price officially dropped 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, flaunted its partnership with Visa and MasterCard to deceive. The coin price plummeted, and the price has basically dropped 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 plummeted, and the market value of the tokens held by investors evaporated by 90%. Seeing the continuously decreasing principal balance, investors decided to report to the police. On March 14, the police filed a case against it for fraud.

In addition to the above projects, 13 projects including bee, refereum, current, dock, Lino, cortex, etc., participated in false investments, and investors have yet to receive their coins. Reports indicate that the false investments used delay tactics to commit fraud and abscond with funds. The number of ETH involved in this incident exceeds 140,000 ETH, worth nearly 700 million yuan.

Even more frightening is that some people are using digital currency as a guise to engage in Ponzi schemes. A search on China's judicial documents website shows that a total of 141 virtual currency Ponzi cases have been found. These include MBI, M3 coin, dark coin, Asian coin, Stellar coin, Jin Yuan 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 net performance coin, Huiai electronic currency, Jianye Pan electronic currency, subsidy coin, high-frequency trading coin (HFTAG), happy compound interest coin, fast connection website virtual currency, Shihua coin, Ente coin, CPM, Kela coin, supreme coin, Wuhua alliance virtual currency, Meisheng E, Chinese coin, Mimo virtual currency, FIS, World Cloud Union cloud coin, Liwu coin, Weika coin, Mark coin, kindness coin, Wuji coin, ATC, IPC, Central coin, Wuxing 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 rushing to raise funds through ICOs. To secure funding, they have put a lot of effort into their white papers, deliberately exaggerating projects, misrepresenting teams, and so on, essentially blowing the 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 phenomena where early investors seek to recover their investments. As a result, these projects either abscond 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 section, a 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 substance, and close down shortly after raising funds. 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, "The world is bustling for profit." Nowadays, tokens are being misused by many people; ICOs can bring money too quickly, allowing people to become rich in a short time, thus 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 attributes. Tokens are a tradable proof of encrypted digital rights. This means that various rights proofs in the real world (equity, bonds, points, bills, 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 issue coins only to become tools for speculation in the secondary market, with no circulation value within the ecosystem. This is clearly an air project.

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

The token economic system is an economic system established based on tokens or supported by the circulation of tokens. 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 difficult to change later; for example, in extreme cases, initiating a hard fork will come at a high cost.

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

Tokens that truly have investment value must integrate the three rights. However, many blockchain projects only achieve the first attribute of tokens; in their minds, there is only issuing coins and cutting leeks. As for allowing tokens to circulate within their 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 substance and relies on issuing coins to achieve ecological construction, it must undoubtedly be 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 many obstacles, and many people have not understood the true value of tokens.

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

Currently, for platforms like BitKeep and traffic entry points, they should further strengthen the review of new projects, striving to keep fake coins and scam coins out 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, is ultimately "a mirage."

• Confirmed list of Ponzi 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 Bat 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.

• Reported list of Ponzi 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, Shan Fan Chain SFC, Shengyuan coin, Shitong coin, Sutonbao, Tofu Chain TFC coin, Weilai coin WLT, Weite coin WTB, Xinghan Chain, DFC coin, BIOC (Zhongke Hongji), Jinju 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), Traffic 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 (Youbao Coin USS), Vpay (V-token), A·Li Miner, Plato (PLATO), Hengfeng Century Supply Chain, Hot Coin, Jichain Coin, Global E-commerce Coin (GEC), Airbitclub, Meijia Coin, Light Cone LCC, BHB.

With the development of the blockchain industry, traditional Ponzi schemes have now donned the cloak of blockchain, luring investors who do not understand or have insufficient knowledge of blockchain. The operators of blockchain Ponzi schemes use the effect of so-called digital currencies that can make one rich overnight to attract a large number of investors, only to eventually collapse or abscond, causing huge losses to investors.

Below is a list of some recent blockchain projects that have collapsed, run away, or encountered problems, and we welcome everyone to leave comments to supplement!

MBI: Investor WQ exploded

Cloudtoken wallet: Will refund investors' funds

MGEX exchange: Has absconded

BeeBank: Has closed and run away

ICC wallet: Operator arrested

ProsperToken: Has absconded with funds

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

Beike International: Shareholders arrested, police filed a case

KuCoin exchange: Using IEO projects to harvest investors

Quark Chain Letter CCT: Under sudden inspection

Huaden District Dog: Completely collapsed

WBF exchange: Under investigation

Newton exchange: Has absconded

Matcha exchange: Founder has fled abroad

ChainUP: After people left, the company was simply deregistered

BISS exchange: Under investigation

GGBTC exchange: Closed

Coin Tiger exchange: Unable to withdraw

AKDEX exchange: Closed

INC Shadow Chain: Absconded

EVC Ponzi scheme: Absconded

ICC: Core leadership arrested

WoToken wallet: Under investigation

Chip Chain HPB: Absconded

UKF: Under investigation

Summary of Ponzi scheme projects in May (first batch):

1. ZGK exchange.

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

2. New coins NYM, TAKI.

Ok chain has various new coins launched, and most new coins are harvested right after issuance, catching many users off guard, and they are cut at the highest point. For example, NYM and TAKI new coins are harvesting leeks like this, so be cautious in investing.

3. ZT exchange.

This exchange frequently launches 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 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 right after its launch. Shortly after going online, it plummeted from the highest price of 200U to 15U, a drop of 1333%, once again demonstrating the "crash right after opening" curse.

5. Ibox digital collection platform.

This platform has encountered issues again: three college students borrowed and hoarded a batch of Ibox collectibles, but the price plummeted, and they couldn't hold on any longer, leading one to jump off, with the remaining two unable to bear the pressure. Originally, this platform was already a mess, and now it has involved life-threatening issues, making investors want to stay as far away as possible.

6. Soca coin.

This dog coin was previously detected as a Pi Xiu scheme and collapsed, but then it announced a relaunch taking advantage of the Qatar World Cup hype. Remind everyone to be cautious; a dog cannot change its nature, and even if it relaunches, be wary of their leeks harvesting tactics.

7. Headline BAYC new project.

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

8. LUNA coin.

Now the entire coin circle is in decline, and the LUNA coin is particularly terrifying, halving within a day, with many holders losing everything. Currently, it seems that this coin has dropped to nearly zero, so remind everyone to be cautious.

9. BitMEX exchange.

The regulatory license of BitMEX exchange is questionable, with medium risk hazards, and there have always been regulatory issues, with a high risk of collapse. Recently, there have been appearances of imitation exchanges claiming various things, but in reality, they are platforms dedicated to harvesting leeks; be careful to avoid them.

10. Azuki project.

The NFT project Azuki is facing a trust crisis, mainly due to: first, the founder previously had three runaway projects exposed; second, the project team is anonymous and not transparent enough; third, some suspect this is a Ponzi scheme run by locals. Be vigilant.

11. Dream Island digital collection.

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

12. Qu Galaxy (TGL).

This Qu Galaxy illegally raised funds under the banner of crowdfunding, also involving a large number of headhunting related to Ponzi schemes, using the gimmicks of "low threshold, high returns" and "low risk, high profit" to promote and attract users to participate, brainwashing users to deposit large amounts; it is a typical Ponzi scheme.

13. EOS coin.

In this overall decline of the coin circle, EOS coin is another that has broken its historical low. In this bear market, there may also be risks of shutting down and going to zero! So remind EOS coin holders to cut losses in time, and those who are observing should not participate anymore.

14. HOTDOG platform.

HOTDOG supports cloud quick payment and Sand payment. Now, due to changing payment channels or reasons such as previous transactions triggering payment company risk control, users are unable to 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 (absconded)

Haizhi Chain (absconded)

Earn More (absconded)

Yao Health (absconded)

Pet Continent (absconded)

Wancheng Gold (absconded)

Shiquan Shimei (absconded)

Yingfen Family (absconded)

Millet Excellent Products (absconded)

Healthy Journey (collapsed)

Zhongzhui Ma Gou (collapsed)

Tengyun Shijie (collapsed)

Interstellar Mining Field (absconded)

Ant Miner (absconded)

Love Elephant Life (collapsed)

TRX Tron coin (absconded)

Lashou Short Video (absconded)

Huangdou Che Life (absconded)

Aoyin Short Video (absconded)

Bitcoin Diamond (absconded)

China Digital Public Chain CIPC (absconded)

Dragon Legend (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 and sell later, do not invest, just delete it!

Fast 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.

Fast Payment Ecology (collapsed) heard from friends that it is useless, all big orders, recommended 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, recommended to delete.

Fast 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 did not respond, did not pass in the group, and the official public account also did not respond.

Juxing Gongshe renamed to Century Star (collapsed) recommended to delete, 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 one is not guaranteed, if you think it is not worth it, just delete it.

In 2020, there were 400 collapsed or absconded "blockchain" and "funding" project blacklists throughout the year.
December

1 Gemini New Agreement Dark Web Project Near Collapse

2 Fireworks HDU High Risk

3 Off-exchange Ethereum 95% Discount Collapse

4 Red Bull Exchange Unreliable

5 Oppa Gym Unreliable

6 OKO Crazy Mining Chain About to Collapse

7 BlackRock Mining About to Abscond

8 Alpha, Dolphin Agreement Collapse

9 Fun Classification Collapse, Under Investigation

10 Original World Collapse, Rights Protection in Progress

11 CEO Exchange High Risk

12 Mitao MT Unreliable

13 Hang Tianxia Grab Order Mutual Aid Plate 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 Plate 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 Satoshi Unreliable

28 IHS Aixin Chain Collapse

29 SLG Quantitative Fund Unreliable

30 DeFi Insurance Project Cover Collapse

November

1 Forsage Unreliable

2 Viking Exchange Absconded

3 Gathering Fusion Bonus Plate About to Abscond

4 Position Management Absconded

5 Tuiyiba TWEE Unreliable

6 Glacier Century Grab Order Mutual Aid Plate, Unreliable

7 Fire God Exchange Unreliable

8 IAC Project Absconded

9 AOT Charity Coin Basically Cooled Down

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

October

1 Fake Mentougou Exchange Absconded

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 Trade Exchange Absconded, Rights Protection in Progress

16 AWD Super Contract Exchange Absconded

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, Be Cautious

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 Absconded

September

1 DeFi Project: MantraDAO Stay Away

2 DeFi Project: Emerald Absconded

3 DeFi Project: Coral Collapse

4 WUC World Universal Token Caught and Investigated

5 Global Entropy Stay Away

6 Tai Mu 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 New Era of Mining Collapse 15 Fun Play APP Basically Cooled Down 16 Tuiyiba TWEE Collapse Imminent 17 GATE Bit 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 SwapTuna Collapse 23 Smart World Project Unreliable, Stay Away 24 ZB Exchange Collapse Imminent 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 Absconded 33 Che Secret MiTi Stay Away 34 Global Expo Project Unreliable, Stay Away

August

1 BKEX Coin Guest Exchange About to Abscond

2 Monies 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 Abscond, Stay Away 9 Taimu Valley Time Bank Investigated/Sealed 10 BFX Exchange Unreliable 11 China Public Chain GABA Collapse Absconded 12 Litecoin Ecological Chain Funding Project, Stay Away 13 Aladdin Wallet Collapse Absconded 14 CRDex Exchange Collapse Absconded 15 BiBox Exchange Unreliable 16 Silbe ST Super Public Chain Collapse Imminent 17 Meow Meow APP Already Investigated 18 Ju Coin Exchange Already Investigated 19 Fun Play About to Collapse

July

1 GEC Environmental Coin System Already Unavailable

2 Fun e Purchase Absconded 3 HTV Media Absconded 4 Boosting Help Absconded

5 HFF Eat Sail Absconded 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 Voice Short Video Collapse

June

Yuan Dian Life Chain Locked on June 19, Beware of Trap Plate 1 Spider Web-SPD Unavailable 2 Green Earth Unavailable 3 Federal Planet Collapse
4 Star Academy Absconded 5 GOTA Community Absconded 6 Malazan Absconded 7 Micro Cloud International Absconded 8 VITA Community Unavailable 9 Baiyi Short Video Unavailable 10 CRY Kai Rui Coin Do Not Play 11 MBKToken Absconded 12 Laiyun Coin Server Unstable, May Abscond at Any Time 13 Chain Sound Live Absconded 14 AHA Qianqiu Mining Unavailable 15 Excellent Idle Unavailable

May

1 TDF Digital Castle Official Group Defeated, Project Collapsed

2 Huacang Tongbei May Have Absconded

3 KNC Collapse

4 Co-founder Unavailable

5 SPE Miner Alliance Unavailable

6 CT Mining TRX That Wallet

*7 Green Leaf Collapse

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

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

25 Car Chain Absconded

26 ETF Ether Future Absconded

27 SNC Account Frozen, Cannot Withdraw, Do Not Invest in Contracts

28 AI Smart Cloud Extremely Poor Experience

29 Mushroom Life MogLife Fast Scam 30 bitfreecah Absconded

31 Yi Ren Farm Absconded 32 BHC Poor

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

43 Light Source Chain Absconded 44 LINK Absconded

45 Energy Paradise Absconded 46 Advertising Alliance Unavailable 47 Jinrui Coin Town Has Absconded 48 Yachain World Absconded 49 Nebula Coin Unavailable

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

51 Palm Wealth Unavailable 52 Coin Fire Circle Absconded 53 LB. INK Absconded 54 Yue Zuan Unavailable

April

1 Fun Car Emperor Collapse

2 ETC Ecological Alliance Poor

3 Yao Xuan Absconded

4 C0P Absconded 5 Le Xue Bao Absconded 6 Bao Lai Chain Absconded 7 Green Environmental Chain Completely Collapsed 8 Ci Yin Short Video Extremely Poor Experience, Very High Risk 9 Oasis Planet Extremely Poor Experience, Very High Risk 10 MHEX Absconded 11 TFCion Sealed 12 Fangditong REP Absconded 13 DACS Dash Absconded 14 ZRX Alliance Absconded 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 Abscond 26 PolyMate Database Deleted, Completely Collapsed 27 AE Cloud Unavailable 28 Olympic Star Investigated by Police 29 HCC Data Deleted, Completely Collapsed 30 ECH Absconded 31 Tengyun Coin Unavailable 32 ETH Symbiosis Absconded 33 CTH Absconded 34 ETV Synthesis Absconded 35 Mini Ecology Absconded 36 C NetWork Unavailable 37 GO Bad Protection Unavailable 38 Energy Club Unavailable 39 DBG Publicly Absconded 40 JKB Ecology Absconded 41 HH Zhongtai Chain Absconded

March

1 Plosive Domestic Non-compliant 2 MCN Absconded 3 FLC Absconded 4 M0C Absconded
Others

1 PW INDEX Ecology Ponzi Scheme 2 Fun Play Not Fun Anymore, Handling Legacy Issues, Upgraded and Started Again, Be Cautious,

3 Apocalypse MMM is a mutual aid fund siphoning plate, currently has absconded

4 Xin* Chain Already Collapsed Last Year, Still Deceiving

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

6 "Gospel Short Video" Upgrade Stopped Service and Closed Network

7 Shangpeng High-tech From the U.S. Ponzi Scheme, with Xunlian Network, Yingdarui One Trick

8 Radar Coin is a Ponzi 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 Black House, this is an old Ponzi scheme

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

11 Royal Supreme Website in the UK Suspected Ponzi Scheme

12 Prosperity Equity is in cahoots with Zhitiang Equity, and is a version of the Ponzi 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, "Equity Certificate" phone numbers cannot be reached

15 You Qian Huan Specially Harms Internet Refugees Suspected Ponzi Scheme

16 BTD Claims to be a state-owned enterprise scam, coin price keeps dropping, what is the difference from robbing people's money?

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

18 Beidou Chip For those who use Beidou satellites to promote payment, they are generally scams

19 TFHX Tianzhu Qihui Claims to be forex, precious metals, off-exchange insurance, all scams, is there legal procedure in our country? It is a scam

20 VVS Financial Fraud Has Absconded, Fifth SPD Token Mining Claims to be a Ponzi Scam with POC Consensus Mechanism (Proof of Capacity)

21 EasyStore Easy Use Treasure Under the pretext of acquiring the Atom Wallet has officially absconded, the seventh BAT may abscond at any time, originally a few big cats, it seems not to have gathered much money,

22 BTCV Do not mistake it for Bitcoin, funding plate 23 Original World Claims to be a blockchain, suspected Ponzi scheme

24 Beidou Ecological Circle Claims to be a Ponzi scheme under the Beidou banner

25 National Epidemic Subsidy This subsidy does exist, but it is a local government subsidy for some businesses opening stores, not just providing your information in WeChat groups to get money 26 Anytime Appointment Has been punished by the market supervision bureau, be cautious

27 Sunrise IoT is a national asset unfreezing scam, do not believe 28 Dongjun Cattle Raising Suspected Funding Plate Ponzi Scheme 29 ETV Global Entropy Ten Times Out? It’s all a scam 30 BLOC Collapse, False Advertising and Altered Locking Suspected Fraud 31 MGS is a plate in Shenzhen, falsely claiming to be an international plate, stay away 32 MOC Wei Coin Fake Foreign Financial Fraud (is a scam by a domestic company in Guizhou) has closed and absconded 33 Star Dynasty Film and Television is a scam, stay away 34 Vinegar Egg Return Liquid Suspected Ponzi Scheme, stay away 35 Fun e Purchase is a Ponzi scheme, stay away 36 ACE Ace Split Plate As long as it is a split plate, it is a funding plate scam 37 TBCC Claims to be a global card recommended by China UnionPay, works with all global banks, deceiving you without negotiation 38 Bohui Yaxin Suspected Absconded 39 Full Star Cloud Collapse has deceived everyone for many years, the Malaysian Ponzi scheme has finally revealed its true face CROWD1, a platform that can't even fabricate a complete lie, stay away, 40 π Coin This platform is a funding plate Ponzi scheme 41 Global Coin Besides continuous upgrades, it is just upgrading, continuously harvesting money 42 Columbus CAT also made a name for itself as a digital currency in Cape of Good Hope, it is a funding plate stay away 43 Everyone Raising Cattle Funding Plate Scam, stay away 44 Cloud Alliance Huayun Digital Login system has been unable to open, indicating that this scam plate is about to reach its end 45 Charity Coin AOT Just because it has the word "charity" in it does not mean it is "charity", be careful of this "wolf in sheep's clothing", it is a scam 46 Zebra Smart Payment Illegal website in Hong Kong, be cautious 47 Star Chain Time There are advertisements for apps doing Star Chain Time online, can this platform be real? However, the advertisements have been closed due to fraud 48 Xing Shou Payment Suspected Ponzi Scheme 49 Social Security Card Daily Subsidy of 50 Yuan, it is a scam, belongs to national asset unfreezing type fraud 50 CMGAESET has now become 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 Plate Scam Illegal website in Hong Kong 53 Projects related to Beidou Beware of scams under the Beidou banner 54 A certain QR code in China Be careful of falling into Ponzi schemes, there are procedures, but also abide by the law, cannot engage in illegal fundraising, 55 ADA Recently surged, be careful as the peak of harvesting has arrived 56 Animal World Collapse is not far away, be cautious 57 "Qinhuangdao Zhonglv" Investment Gold Triangle This is a Ponzi organization under the guise of a national project, stay away 58 Mi Chain Paradise Fun Step Imitation Plate 59 BTG (Bitcoin Gold) Mining Scam 60 Wall Street Equity Ponzi Scam 61 Manual Processing Deposit, High Price Buyback after Processing is a scam, stay away 62 BTE Website in South Africa's Funding Plate Ponzi Scheme 63 Oil Stain Clean Consumption Rebate, Suspected Ponzi Scheme 64 Youbei UBI Funding Plate under the guise of blockchain, source code is all borrowed from others 65 Unique Essential Oil False Advertising, also suspected Ponzi Scheme 66 A certain Hong Equity Besides deceiving, it is still deceiving 67 Jiufu Tong Pure Fraud, coins inside have plummeted in value, stay away 68 AMBC African Mining Funding Plate 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 Ponzi Scheme, Sichuan Liangshan Market Supervision has issued a warning 71 BTB Coin Tiger Exchange Completely Absconded 72 Hui Nong Tianxia Too Poor, Be Cautious 73 ZG Exchange Closed and Absconded 74 Ben Cao Gang Mu Recommended to Stay Away 75 Guangda Xinhong Recommended to Stay Away 76 Charity Mall Recommended to Stay Away 77 PABALA Forex Counterfeit 78 Taihao CPT Recommended to Stay Away 79 Mutual Aid Plate Sword Furnace Recommended to Stay Away 80 Undersea Little Commando Short-lived Plate 81 Carter International Recommended to Stay Away 82 Cloud Electric Venture About to Abscond 83 He Mei Hui Recommended to Stay Away 84 UBEX Mining High Risk 85 Jingwei Data Exchange Both Deceiving and Cheating 86 ESC Energy Chain Has Become a Dead Plate 87 Hanqi Technology Too Deep a Trap 88 Good Culture Recommended to Stay Away 89 Mai Shile Recommended to Stay Away 90 66EX Exchange Recommended to Stay Away 91 AIZHIBIAO Exchange Too Deep a Trap 92 Haihui International Forex Recommended to Stay Away 93 Coin Diamond Exchange Recommended to Stay Away 94 Star Explorer Mutual Aid Plate Seriously Harvesting Money 95 Bitcoin Gold Recommended to Stay Away 96 Fire English Super Too Poor 97 EXCOIN Forex Collapse and Abscond 98 MCKA Magic Coffee Hard to Recover 99 Look at the Number Chain DRC Recommended to Stay Away 100 ONLYCHAIN Recommended to Stay Away 101 Bailijin Too Deep a Trap 102 Tao Painting Network Recommended to Stay Away 103 Miku Mall Under Investigation 104 Thunder Shield Exchange Withdrawal Difficult 105 Global Entropy ETV Recommended to Stay Away 106 HKEX Exchange Trading Volume Fabrication 107 Ocean Mutual Aid Plate Completely Collapsed 108 COINBlG Exchange Too Poor 109 Baida. Century Assets Recommended to Stay Away 110 Bitcoin Mining Recommended to Stay Away 111 XCM Ben Cao Contract About to Abscond 112 Chain Shoot Withdrawal Difficult 113 Immortal Legend High Risk 114 Climber High Risk 115 Apocalypse MMM Collapse and Abscond 116 MCFX Forex Recommended to Stay Away 117 Dian Purchase Mall Short-lived Plate 118 Lu Yu Tea Recommended to Stay Away 119 Ecology Tongnan Recommended to Stay Away 120 Rookie Technology Basically Cooled Down 121 Ji Yu Mall Recommended to Stay Away 122 SWIPANSFER Collapse and Abscond 123 BV Duke Fund Recommended to Stay Away 124 Pin Tui Tui Farm About to Abscond 125 Jimu Cloud Rights Protection in Progress 126 Hcoin Exchange Withdrawal Difficult 127 Xmex Exchange Pig Killing Plate, Stay Away 128 BTE Be Cautious 129 EC Energy Kingdom Some Members are Rights Protecting After Absconding 130 AtrToken Mining Exchange ETH Financial Fraud 131 XEM New Economic Coin Evil Ponzi Scam (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