Under what circumstances will MIP in Coin Tuan experience a price drop? (Is Coin Tuan a scam?)

Under what circumstances will MIP in Coin Tuan experience a price drop? Under what circumstances will MIP in Coin Tuan experience a price drop? What are the specific rules? When users deposit assets (such as Bitcoin or Ethereum) into the exchange and there is a requirement for pending orders, if a market order appears in the next block, the selling price will be lower than the current market price.

To reduce the cost and time period of selling, three monthly linear adjustments can be set for the position, with a limit on the price fluctuation of 15 minutes, 20 minutes, and 60 minutes respectively.

Is Coin Tuan a scam?

Editor’s note: This article comes from Interchain Pulse (ID: HiveEcon), written by Yuanshang, authorized reprint from Odaily Star Daily.

On December 17, 2018, “Coin Tuan” was exposed for being involved in pyramid scheme fraud, which attracted widespread attention. Since 2018, Coin Tuan has been promoted in multiple countries and regions, and launched the “Coin Tuan APP”. However, the website is still not open for registration and there is no official account, so users cannot log in to the platform.

Recently, there have been media reports about a project called “Blockchain Investment and Financial Management Platform – BTT”, is it a scam? According to public information, the official website of “Blockchain Investment and Financial Management Platform – Btt” has also been taken down. What is the company that issues tokens in Coin Tuan? How much profit can it bring to investors? How to distinguish fake organizations from scammers? Is Coin Tuan really a new financial product? Why do they issue coins?

First of all, you may not know who the main team behind this project is. If one day you want to know if this is a Ponzi scheme, you can check the information about the project party mentioned in the Coin Tuan white paper.

Secondly, if you are not familiar with or understand someone called “BitcoinTeam”, you should be clear about their name, the company behind it, the backgrounds of its members, and the financial situation of the company’s key members! For these people, they are not real technical experts or founders, nor do they have any business model to attract new users to join their exchange. In addition, some insiders of Coin Tuan have been involved in this project. For example, a while ago, we mentioned a project launched by Li Feng, a well-known Chinese cryptocurrency researcher, which was funded from overseas to China.

However, the reason why Li Feng himself started promoting this project is very simple. He just hopes that everyone can see the authenticity of this project and believe in its strength. At the same time, in order to gain greater profits, he also specially designed a fund product similar to the stock futures market – Coin Tuan Index Fund, in order to provide customers with more risk exposure through this method. Therefore, his original intention was not to establish his own digital asset trading platform, but to try to create a virtual currency exchange. “When I learned that this was a very successful blockchain project, I felt regret.”

Finally, because Li Feng often encountered various problems when promoting this project in the past, he published a statement online saying, “Although I am a programmer, I don’t think this is a truly correct public chain, because I think it will be a huge bubble.” However, this also means that as long as someone is willing to speculate on cryptocurrencies such as Bitcoin, they can get certain returns. In addition, as an ordinary user, individuals can safely invest some funds in the project.