I haven't heard from Liang Xi for a long time. I don't know how this former top star in the Chinese circle is doing now. I have also met some young people who made money and honor in the cryptocurrency circle at a young age. Their pasts may be completely different, but their final outcomes have many similarities.
I wrote this article more than two years ago. The protagonist of the story is my junior from the same school. I always thought he was a low-profile version of Liang Xi. The story is authentic. If you don't believe it, just read it for fun. The following is the main text.
"Speaking of which, the process of my acquaintance with Mr. Zhang was really full of magical colors. At that time, I had just finished the college entrance examination and made an appointment with a few friends to go to the movies. Unexpectedly, before the movie started, the uncle sitting next to me suddenly started chatting with us. This uncle was very interesting and spoke very humorously, and he was full of the aura of a successful person. Looking back now, I can’t remember what the movie was about at all. I only remember the smell of money emanating from the uncle."
At this point, Xiao Yao looked at Mr. Zhang, the community boss who was sitting right opposite his desk, and his tone became very respectful, "Of course, this humorous and wealthy uncle is our Mr. Zhang. To me, Mr. Zhang is a Bole who has the foresight to recognize a good horse. If it weren't for Mr. Zhang, I wouldn't be standing here today to give you a speech."
Mr. Zhang gave his usual silly smile and looked at him with narrowed eyes, "You all need to learn from Xiao Yao. He was born in the 2000s, but he has more courage and determination than you."
When Xiao Yao was giving his speech, I was sitting opposite him. We were gathered in a small conference room on the middle floor of a commercial building in Wuhan. There were seven or eight people sitting in the conference room, including Mr. Zhang, the initiator and boss of the community, and his "subordinates".
The reasons why these people followed Mr. Zhang were different. Some of them had known him for a long time, some were introduced by relatives and friends, and some were recruited through recruitment software. It was rare to find someone like Xiao Yao who was abducted from the cinema.
Mr. Zhang always thought that it was his charm that conquered Xiao Yao, making a boy who had not yet entered college make up his mind to throw himself into his arms, even if it meant taking on a huge debt. Perhaps it was for this reason that Xiao Yao won Mr. Zhang's favor.
These people work together through a newly established mining machine company. They don’t have to punch in, sit in the office, or face the computer. Their daily work content is to invite a few friends to eat and drink together, play billiards, drive a Martin car... This kind of job is simply the best job that modern workers dream of!
The key point is, this job is really fucking lucrative. Among the comrades sitting in this small office, some have earned enough to buy a house in Wuhan in less than half a year, some earn more than 10,000 yuan a day, and some have an annual salary of one million before they even reach adulthood... The last person is Xiao Yao, who is standing in front of the desk and talking loudly.
At that time, Xiao Yao was still a few months away from turning 18, but in this office, he was a role model for all the seniors. Mr. Zhang told everyone that Xiao Yao was already earning more than 100,000 yuan a month at such a young age, and if he could continue in the future, he would have a bright future. Xiao Yao believed it after hearing it so many times.
So, how does a company that doesn't require any work and only requires spending money make money?
At the beginning, Xiao Yao also had such doubts. Mr. Zhang told him that the company is engaged in a "global mine" and the foundation behind it is powerful enough to enable them to build Bitcoin mines in Africa, Xinjiang, Sichuan and other regions. The daily mining income alone is immeasurable. This is a rare large-scale project in the entire blockchain industry.
Moreover, the project has reached a cooperation with MasterCard and issued nearly 50,000 MXM co-branded bank cards. Users can deposit MXM coins into bank cards and directly use the cards to make purchases in more than 3,000 shopping malls, duty-free shops and other scenarios around the world.
When talking about MXM, Mr. Zhang emphasized: "Our currency is the second digital currency in the world that can be directly consumed. The co-branded card is also limited and only core members can get it. If you work hard, the foundation will approve one for you next month."
Xiao Yao, who had never been exposed to blockchain and digital currency, was fascinated by the discussion. When Mr. Zhang got excited, he even played videos of MXM members using their cards to make purchases around the world.
Mr. Zhang also said that the project is now building a cloud mining pool across the entire network. Investors only need to open a node in the project ecosystem to enjoy double the returns. The returns will be returned to users through the node wallet every day. The entire redemption period is 200 days, which is equivalent to an annual rate of return of more than 1.3.
If a node can recommend a new user to open an account, it will also receive corresponding referral rewards. The more recommendations it makes, the more rewards it will receive. The people it recommends can also continue to invite new users to open nodes. As long as the referral relationship is within three levels, the benefits can be accumulated infinitely. If the referral resources are strong enough, a mining pool with huge computing power can be further formed. The mining pool is divided into primary, intermediate, and advanced levels.......
It's like Q falling from the sky
In a word, the richer your resources are and the more account opening nodes you recommend, the more your daily income can be accumulated infinitely. Some people can even double their income in a single day.
Xiao Yao was initially shocked by the huge profits, but as he came into further contact with Mr. Zhang, he finally chose to believe this boss who exuded the smell of money.
2
Although few people in the company mentioned how much they had earned, everyone was full of praise for the project. At that time, everyone had taken advantage of the first wave of dividends from the project, and they probably really believed that this project could change their lives.
In addition, they often mentioned three legendary figures in Mr. Zhang's community. The first one was Xiao Yao, who was said to have a monthly income of 100,000 yuan at a young age and before he even went to college.
The second one said he was my junior from the same school. Although he had not graduated yet, he was already earning tens of thousands of dollars a day, buying a car with full payment, and traveling around the world... After he became the backbone of the company, he also brought his good brother into the partnership. The two of them worked hand in hand to jointly develop resources for the project;
The last one is a rich fool. It is said that he mortgaged his car and house to the bank, used the loan to invest in MXM, and earned tens of millions a year relying on the company's profits.
Among the three people, only the last rich man is a real bourgeoisie, but after experiencing a series of events such as the public chain migration, the coin price plunge, the team starting a new business and then collapsing again, we have never heard from him.
Of course, that is a story for later. At that time, the project was still in full swing, and the three legendary figures were still enjoying their own glory.
The tycoon spent money lavishly and opened more than a dozen node accounts worth 5,000 US dollars. He invested millions of dollars on his own and built his own intermediate mining farm. The amount of cash he could withdraw per day reached more than 30,000. In the small office, one could often hear the sound of "xxxx yuan has been transferred to the account via Alipay" coming from his mobile phone.
Several other early office members always said to him with envy, "Mr. Zhang has received a huge sum of money. When will he treat us to a roasted whole lamb?" Yes, his last name is Zhang, but his colleagues rarely call him that.
Members of the same community would often treat him to drinks, meals or roller coaster rides, but he was the only one who never paid.
As for the junior from the same school, he was the first community name card incubated by Mr. Zhang. He was only a junior when he entered the community. At first, he just helped Mr. Zhang open accounts, do data, and serve tea and water. After three months, he keenly sensed the scent of wealth.
He gave three months’ salary to Mr. Zhang and opened his first node account. After that, he followed the community members to give speeches and recruit new members. He also tried hard to encourage all his friends and relatives to deposit money and open accounts to develop his own mining pool.
After working for half a year, he successfully upgraded the mining pool and earned 10,000 yuan a day. During this period, he also brought his brother into the community for cooperative development. Not long after, the two of them jointly paid for an SUV.
Xiao Yao's story is much more complicated than theirs. Ever since Xiao Yao was attracted by Mr. Zhang's successful aura in the cinema, he has been unable to calm down for a long time.
He often browsed Mr. Zhang's circle of friends and was soon attracted by the free (money) life in Singapore today and Jeju Island tomorrow.
He started to find topics to talk to Mr. Zhang, who inadvertently revealed the fact that everyone in the team was rich and his own assets exceeded 100 million. So Xiao Yao secretly decided that he would follow him!
In order to gather the two thousand dollars for opening an account, Xiao Yao had to ask his parents for it. When his parents learned that he wanted to use the money for investment, they naturally refused. So Xiao Yao waited until the school started. After the school started, Xiao Yao gave all his tuition and living expenses for the first semester to Mr. Zhang and opened his first node account.
After waiting for a few days, Xiao Yao found that the node income could really be credited to his account in real time, so he believed it and began to persuade his classmates to join him and open accounts. Perhaps Xiao Yao was born with a talent for lobbying. After a period of time, quite a few classmates opened accounts under him. Relying on referral rewards, Xiao Yao not only solved the problem of tuition and living expenses, but also lived a rich life that his classmates envied.
In order to attract more people to join this carnival of wealth, Xiao Yao also began to learn from Mr. Zhang's method - posting pictures of his activities crazily on WeChat Moments. A steak for lunch and a round of drinks at night, he used beautiful photos to turn WeChat Moments into a scene of decadence and extravagance.
Xiao Yao’s circle of friends is roughly like this
As a result, many people tried to establish connections with him and inquire about his financial situation openly or secretly. He would then give a speech about how MXM made people rich and persuade them to join this big family that could make people rich.
After a period of time, Xiao Yao successfully upgraded himself to become the youngest mine owner in the entire project with the investment from the student circle. Not only did he become a top celebrity among his classmates, he was also invited by Mr. Zhang to share his success experience with us.
In addition, he often accompanies General Manager Zhang to attend project activities in various parts of the company, where they visit bigwigs, exchange experiences, toast each other, and chat over meals. He is truly a young man who is very successful and in the limelight.
3
There is a Chinese idiom that says, "Too much wisdom can easily lead to evil, and prosperity will inevitably lead to decline." When the project seemed to be booming, the public chain was launched.
Before the launch, Mr. Zhang said, "We are now releasing profits based on the gold standard, and the maximum profit is only twice. After the public chain is launched, it will be changed to the currency standard. Once the currency price rises, there will be no upper limit on the profits."
Before the public chain was launched, Mr. Zhang encouraged everyone to develop mining farms, saying that the structure of the entire mining pool would be transferred to the public chain by then. Once the public chain was launched, there would no longer be such high recommendation rewards, and building an online mining farm would require an investment of at least 700,000 yuan.
So during that period, the entire community was working day and night to run business, and many people brought in their relatives and friends to upgrade the mine before the project went online.
Who would have thought that after the public chain was launched, all the coins in the hands of MXM users were exchanged for the public chain coin DDAM. The launch price of the public chain coin was 7 yuan, and the original mxm users also exchanged the full amount according to this price. At the beginning of the launch of the public chain coin, it did experience a round of rapid growth, and the coin price once rushed to 40 yuan, but this was just its last flash of life.
Soon, DDAM began to plummet, first falling to around 10 yuan, and then continued to fall, falling below the issue price to around 3 yuan. But this was not its final outcome.
In less than a month, DDAM successfully fell below 1 yuan, and then continued to plummet to around 0.02-0.03 yuan today. The daily income of the first batch of users who invested fell from tens of thousands of yuan to a few yuan...
In the community, some people lost their houses to banks, some were burdened with huge debts, and some were abandoned by their friends and relatives. Xiao Yao, who was once a successful man, was a combination of the latter two. In order to enter the intermediate mining pool, Xiao Yao borrowed a lot of money from his relatives and bosses he met at the wine table.
He also mobilized almost everyone around him who believed in him to participate in the project, including some of his classmates who had borrowed money to invest. Before the public chain went online, the total amount of money in his mining pool was as high as more than 1.6 million, which was undoubtedly an astronomical figure for a boy who was just 18 years old.
When the public chain coin fell below the issue price, Xiao Yao questioned Mr. Zhang about it, but Mr. Zhang did not respond. Xiao Yao then made some negative remarks in the project community. However, the project's top management not only attributed the plunge in coin prices to the massive selling by scalpers, but also asked Xiao Yao to write a handwritten apology letter and circulate it in the entire community as a warning.
Mr. Zhang forwarded Xiao Yao's apology letter
After that, the price of the coin continued to fall, the community was in a panic, and the project's top management no longer responded. Until finally, the project exchange group, evangelism group, conference site group, and community group were all quietly disbanded one after another.
The glittering Mr. Zhang never appeared again. What remained were countless poor people like Xiao Yao who paid the price for their greed and desire.
Final Thoughts
Later I learned that the guy who earned 100,000 yuan a month only had a profit of more than 100,000 yuan in one month, but after deducting his loans, consumption, and project reinvestment, there was actually not much left.
As for the junior student who earned 300,000 yuan a month, he had lost all the savings of his relatives and friends. In the end, all he got from the interest was a room full of used brand-name clothes and an SUV.
The so-called tens of millions of profits of the local tycoon are even more nonsense. Almost all of his capital was borrowed, and the daily profit before the public chain was launched was only enough for him to repay the principal and interest + daily consumption.
These legendary figures each have their own glory and their own sorrow.
As for how they should repay the huge debts of money and favors after the project collapsed, I have no idea.