Search result of MLM

This article reveals the striking similarities between cryptocurrencies and multi-level marketing (MLM), pointing out that tokens have evolved into pyramid schemes powered by the internet. From exchanges and market makers to VCs, communities, and retail investors, the author analyzes the structural exploitation model of the crypto industry and calls for a reform of market structures to rebuild a product-driven crypto ecosystem.

This article considers Friend.Tech to be a PaaS, and treats individual participants on Friend.tech as enterprise/project/self-employed entities to observe and analyze their participation strategies.

Since its launch in 2019, Pi Network has undergone six years of development and finally officially launched its mainnet on February 20, 2025, and simultaneously landed on well-known exchanges such as Gate.io. This milestone event marks a new development stage for Pi Network. Despite facing many controversies such as delays in the mainnet launch, transparency issues, and promotion models, its innovative mining model and extensive user base still provide huge potential for its future development.

This article introduces the mechanics of the xPet game and the reasons behind its popularity.

PI Network, established by a team of Stanford PhDs in 2019, aimed to popularize blockchain by offering a mobile mining model, making it easier for people to participate. With its Stellar consensus protocol and a total supply of 100 billion PI coins, the project attracted over 60 million users via an invitation-based system. However, after the launch of its native token PI in February 2025, the token's price experienced significant volatility. Initially, it surged, then retraced and rebounded, only to experience a continued decline. The price drop was primarily caused by unmet market expectations, limited application scenarios, intense competition, technical issues, and uncertain regulatory environments, leading to investor concerns and continued downward pressure on the token's value.

A fraudulent and a get-rich-quick scheme