The gimmick of "making money by walking" has attracted many users. As of September, 20 19, the registered users of the "Fun Step" APP launched on 20 18 have reached 73 million. However, it was recently investigated by Changsha Industrial and Commercial Department for alleged pyramid schemes, illegal fund-raising and financial fraud.
The "thunder storm" of "fun step" has aroused great public concern. Weibo Topic # Fun Step APP was investigated for illegal fund raising # 85.263 million, and Baidu search for "Fun Step" reached 930,000. Fun Step APP has also been removed from multiple application platforms such as Apple APP Store and Android App Market.
On the "Fun Step" APP, users can get "candy" by walking and accumulating, but they need to convert it into virtual currency before they can withdraw cash, and the platform will also charge corresponding handling fees. Only by constantly inviting new users to register and improving the level of users can the cost be reduced. This "sports+blockchain" model is essentially a pyramid scheme that makes money by "pulling people's heads" and is a Ponzi scheme suspected of illegal fund-raising.
In particular, "Fun Step" frequently changed the rules of the game, closed the trading center, issued clarification announcements, and the APP was taken off the shelf or could not be downloaded, so it could not be exchanged for "candy". Before filing the case, there have been signs of similar fund disk collapse.
In addition, in terms of software application security, users need to provide ID number, bank card account number and WeChat account number when registering, and verify their identity through Alipay payment 1 yuan. Through this link, the platform obtains a lot of personal information and location information of users, which may be leaked to third parties for profit.
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Low registration threshold, convenient participation and promise of huge returns are the keys to successfully weaving the "fun step myth". To a certain extent, it really hit the "small mind" of many people who "can make money while lying down". When the traditional pyramid scheme cools down, it is necessary to be wary that pyramid schemes themselves are also evolving.
The "Fun Step" APP is chaotic but has many users, indicating that the public does not know enough about the new pyramid scheme. Although "Fun Step" has been investigated, there are still apps that "watch news to make money" and "brush short videos to make money".
Users should be wary of some so-called "money-making" apps, which seem to have no profit, but in fact there may be huge consumption traps lurking inside. For example, the platform may use the time when users brush videos, play some false advertisements, or set up various "obstacles" in points redemption and cash withdrawal.
People's Network-The dream of making money by walking was shattered, and the "fun step" scam was finally exposed.