Following Radar and Huahuo, the wildcat digital asset trading platform Radar Classic, which ‘bumped into’ Radar Coin, has run away with money after just 4 months of a fleeting appearance, and it is truly unknown how many investors’ hard-earned money will be swindled away by the swindlers.

　　According to the promotional materials of the classic Radar, it claims to be a decentralized, boundaryless chain digital asset trading platform based on the RTXP protocol of Rippie, with strong technical strength and a fair, democratic, just, and secure trading platform, allowing players to become beneficiaries of wealth. However, the fraudulent nature of this self-proclaimed solution to the technical barriers and application pain points in the current blockchain market, and the first decentralized exchange to achieve cross-chain transactions, has long been exposed.

　　The wealth formula of the classic Radar is actually fraud and pyramid scheme.

　　In the promotional posters of the classic Radar, it shows that the wealth formula provided to investors by the platform is coin quantity * coin price. However, investors can only obtain the platform coins of the platform in three ways; first, buy coins through the exchange; second, mine coins by pledge; third, earn coins through promotional benefits. When buying coins through the exchange, investors need to invest capital to purchase; when mining coins by pledge, investors need to use the platform coins of the platform for pledge, and then they can mine for platform coins; while earning coins through promotional benefits, which is also known as investors luring others to invest, and the platform rewards coins in return.

　　As for the price of RAD coins, the classic Radar sets its price at 100 yuan per coinOnline casinoClick to enter. What I want to ask is, where is the basis for the price of RAD coins to be 100 yuan? What does the classic Radar rely on to set the price of RAD coins at 100 yuan per coin? What assets does the classic Radar have to back up the RAD coins it issues? According to the announcement of the classic Radar, it issued a total of 1 billion RAD coins, with the initial mother coins at 5 million. Then, has the classic Radar stored 100 yuan in Renminbi as reserve for each RAD coin in the central bank?
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　　Is it not that the classic Radar allows investors to buy coins, pledge mining for profit coins through the exchange, just to let investors use the real gold and silver in their hands to exchange for the RAD coins privately issued by the platform? If the classic Radar cannot provide value guarantee for the RAD coins it issues, then what is the value of the RAD coins owned by investors? The classic Radar takes away the hard-earned money of investors with a string of useless digital codes, where is the conscience? And the essence of earning coins through promotional benefits is actually a pyramid scheme.

　　There are various fraud tactics in Radar Classic’s staking mining.

　　The fraud methods of buying coins on the Radar Classic exchange and obtaining coins through promotion rewards are relatively simple, which can be seen at a glance; the author focuses on analyzing the fraud tricks of staking mining returns, which are the most concealed and numerous.

　　Since Radar Classic was launched in July this year, whether it is ordinary miners or miners with teams, there are corresponding staking models, including general staking and node staking. Radar Classic stipulates that only RAD coins can be used for staking mining, that is, users must have RAD coins in hand to be able to perform staking mining. Although every registered user can obtain 15 RAD coins as a reward from Radar Classic for staking, this is the minimum staking amount. The charm of Radar Classic lies in the staking return amount. According to the table above, the more RAD coins staked by the user, the higher the returns; if you want to obtain higher returns, stake more RAD coins, and these more RAD coins come from investing real money on the platform. Some people may say, isn’t there a reward of 15 RAD coins for registering Radar Classic? I can use these coins for staking; haven’t you seen that the table above shows that the daily return of staking 30 RAD coins is only a可怜 10.5? When will you be able to make money by staking 15 RAD coins? Radar Classic takes advantage of investors’ desire to make money quickly,诱导 them to invest and buy RAD coins for staking, thereby achieving the purpose of raising money.

　　Regarding node staking, Radar Classic stipulates that investors must have a node identity and directly promote a node to be able to perform node staking. To obtain a node identity, investors must also directly promote at least 10 people, and each person must stake at least 900 RAD coins or indirectly promote to reach 30 people, and each person must stake at least 600 RAD coins. Investors participating in node staking can obtain an additional 1.4 times of returns, but to unlock these returns, you must also attract more people to stake; to accelerate the unlocking speed, the amount of RAD coins staked by the people you attract must be more, and the unlocking amount each time cannot be less than the last unlocking amount.

　　See for yourself, the classic Radar requires you to invest at least 300 RAD coins on the platform every day. If you mine more than 300 RAD coins every day, you can continue to stake without any problems; what should you do if you don’t mine 300 RAD coins every day? You have to buy with RMB on the platform and keep investing RMB; if you don’t want to invest anymore? After more than 3 times, your account will be frozen and cannot be unfrozensports betting method and Where is it. This means that Radar Classic considers you to have no value, cannot invest money, and will kick you out, isn’t this openly robbing investors?

　　What the author wants to question Radar Classic is: losing the node qualification of investors only means that the investors are not qualified to be nodes, but the account and the remaining assets in the account still belong to the investors, why do you freeze them? Is it because Radar Classic sees that the investors have lost the node qualification and have no value to exploit, and freezes the investors’ accounts to carry out the last round of割韭菜?

　　In this September, Radar Classic launched another token MDC and opened the public offering and subscription of the currency. The total amount of MDC mother coin is 10 million, divided into three phases, namely public offering, purchase, and second purchase. At the same time, Radar Classic also stipulates that users participating in the purchase need to meet the required amount of the platform token RAD to obtain the corresponding subscription amount. If investors become RAD nodes, they can subscribe to 3000 MDC coins, but the condition is that new users registered after August 30, 2020, and at least pledge 90RAD; during this period, the pledge cannot be interrupted, at least 100U must be held in the account, otherwise they cannot participate in the subscriptionsports betting platform，come on baby. The issuance of this MDC has actually shown that Radar Classic is about to collapse and is conducting the last round of割韭菜. Radar Classic, this ‘accident’ radar coin for fraud, does not know that radar coin has also been determined as an illegal pyramid scheme by the public security organs.

　　Investors invest in blockchain because they want to make money quickly, and Radar Classic takes advantage of this psychological state of investors to paint a big and round cake for investors, attracting a large number of investors to fall into the trap.

　　The ‘financial innovation’ with the hook of ‘Online casino and How to find it’ is basically a Ponzi scheme. In recent years, there have been more and more Online casino and How to find it scams. In order to keep the capital rolling and let the early investors taste the sweetness, they get people to join, and more and more people join in, and then they run away with the money. At this point, the beautiful vision you described has also become a mirage.

　　There are also many people who are not aware of it until later, but they continue to develop other people’s investments with the hope that more people will fill the pit, maintain the fraud for their own profit. Such a pathological financing system will collapse sooner or later, resulting in a complete loss.

　　Don’t lose your reason due to the temptation of huge profits and blindly follow the trend. There are countless people who want to get the fruit of the fire with the侥幸心理 of ‘make a profit and leave’. There is no free lunch in the world; high-risk investments, even if they accumulate a lot of virtual wealth, will eventually become nothing.

　　Author: He Xiang Cai Jing
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　　The content expressed in this article only represents the personal views of the author and does not constitute any investment advice. If you need to republish, please indicate the source!