小芯cc
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The Filecoin false advertising harvesting case uses the hype of IPFS decentralized storage technology for false momentum, through early-stage speculation and derivative fundraising, leading to substantial losses for many investors after the project went live, with the scale of the case exceeding several billion yuan.
Years of continuous speculation on the storage revolution concept before the project's launch claimed it would overturn traditional centralized storage, targeting a hundred billion-level data storage market, packaged as a top-quality project in the cryptocurrency sphere to attract global investor attention. Even though there were four delays before the mainnet launch, market enthusiasm did not wane, laying the groundwork for subsequent harvesting of traffic.
Associated organizations took the opportunity to hype IPFS mining machines, with actual production costs being only one-tenth of the selling price, yet being inflated to high prices, with a single mining machine scam involving amounts up to 2 billion yuan, and thousands of investors being defrauded of hundreds of thousands of yuan each.
Multiple platforms leveraged the popularity of Filecoin, offering staking FIL mining for double static returns, and enticing referrals with four times team rebates, attracting over 10,000 members in a short time, with a single platform involved amount exceeding 40 million yuan. Another platform, under the guise of joint mining, offered rebates based on referral levels, with amounts exceeding 600 million yuan, suspected of pyramid schemes and investigated by law.
Investors frantically scrambled for FIL private placement quotas, blindly following trends while ignoring the actual value and risks of the projects.
After the mainnet officially launched in October 2020, the false essence was thoroughly exposed: firstly, the price of FIL tokens plummeted sharply, briefly recovering to 35 dollars before the launch, but subsequently continuing to crash, significantly reducing the value of investors' assets; secondly, the core IPFS technology lagged severely in implementation, with very few actual deployable application scenarios, and the so-called storage revolution turned out to be a mere talk, with early promotions being entirely exaggerated false content, ultimately leading to many investors' assets being trapped and facing difficulties in rights protection.
Years of continuous speculation on the storage revolution concept before the project's launch claimed it would overturn traditional centralized storage, targeting a hundred billion-level data storage market, packaged as a top-quality project in the cryptocurrency sphere to attract global investor attention. Even though there were four delays before the mainnet launch, market enthusiasm did not wane, laying the groundwork for subsequent harvesting of traffic.
Associated organizations took the opportunity to hype IPFS mining machines, with actual production costs being only one-tenth of the selling price, yet being inflated to high prices, with a single mining machine scam involving amounts up to 2 billion yuan, and thousands of investors being defrauded of hundreds of thousands of yuan each.
Multiple platforms leveraged the popularity of Filecoin, offering staking FIL mining for double static returns, and enticing referrals with four times team rebates, attracting over 10,000 members in a short time, with a single platform involved amount exceeding 40 million yuan. Another platform, under the guise of joint mining, offered rebates based on referral levels, with amounts exceeding 600 million yuan, suspected of pyramid schemes and investigated by law.
Investors frantically scrambled for FIL private placement quotas, blindly following trends while ignoring the actual value and risks of the projects.
After the mainnet officially launched in October 2020, the false essence was thoroughly exposed: firstly, the price of FIL tokens plummeted sharply, briefly recovering to 35 dollars before the launch, but subsequently continuing to crash, significantly reducing the value of investors' assets; secondly, the core IPFS technology lagged severely in implementation, with very few actual deployable application scenarios, and the so-called storage revolution turned out to be a mere talk, with early promotions being entirely exaggerated false content, ultimately leading to many investors' assets being trapped and facing difficulties in rights protection.
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