What does currency circle cx mean?

CX is an illegal fund-raising practice that has emerged in the field of cryptocurrency. It is characterized by the promise of high returns, claims of inside information or special technology, and the establishment of a hierarchical promotion system. The harms of CX include loss of funds, information leakage, and market disruption. Investors can protect against CX scams by identifying these characteristics.

Coin Circle CX

Coin Circle CX, the full name of "Coin Circle MLM", is an illegal fund-raising behavior that has emerged in the field of cryptocurrency.

CX operating model

CX gangs usually create a novel cryptocurrency or token and claim that it has huge development potential. They promote through social media, online forums, instant messaging platforms and other channels to attract investors to buy tokens.

In order to attract investors, CX gangs will make various false promises, such as guaranteeing high rates of return, claiming to have inside information or special technology. They will also establish a hierarchy to encourage existing investors to recruit new members and receive generous rewards based on the number of recruits.

Hazards of CX

CX is a serious illegal fund-raising practice that causes great damage to investors:

• Fund loss: CX gangs usually close their websites or disappear after raising a large amount of funds , causing investors to lose their entire investment.
• Information leakage: The CX gang will collect investors’ personal information during the registration process, which may be used for illegal purposes.
• Market Chaos: The proliferation of CX will destroy the stability and reputation of the cryptocurrency market and affect the development of the entire industry.

Characteristics that identify CX

Here are some of the characteristics that identify CX:

• Promises of high returns
• Claims of inside information or technology
• Tiered promotion system
• Novel cryptocurrencies or tokens
• Lack of transparency and regulation

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