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In the original "Ponzi scheme" a hundred years ago, more than 40,000 Boston citizens became Ponzi's investors in a year or so, most of them were poor people with dreams of getting rich. Ponzi received a total of about 15 million A small investment of US dollars, the average "investment" of several hundred dollars per person.

Summary

Summary

Topic: "Resonance" goes off fire. On January 24, 2019, the "resonance" pioneer V-Dimension (VDS) project was announced and officially released on Valentine's Day, thus opening its "resonance" road. The soaring price of Vollar, the token of the VDS ecosystem, made the "resonance" mode go viral quickly, and the market was swept away by the wind of "resonance" all of a sudden. The gorgeous appearance cannot conceal the essence of deception. Although VDS has a grand vision, a novel concept, and extremely exquisite white papers and promotional videos, no matter how gorgeous the exterior packaging is, it is still difficult to conceal the essence of a Ponzi scheme. The "Ponzi scheme" has lasted for a hundred years. In 1919, Charles Ponzi, who immigrated from Italy to the United States, planned a conspiracy known as the "Ponzi scheme" by later generations. After 100 years, the "Ponzi scheme" has endured for a long time, and people still enjoy it. In the original "Ponzi scheme" a hundred years ago, more than 40,000 Boston citizens became Ponzi's investors in a year or so, most of them were poor people with dreams of getting rich. Ponzi received a total of about 15 million A small investment of US dollars, the average "investment" of several hundred dollars per person. Today, the same thing continues to happen in the blockchain world. The reason for this may be that these changing "resonances" give ordinary people the opportunity to change their destiny and move towards freedom.

Market: BTC is thriving, entering the high pressure range. The total market value of digital tokens this week was US$193.9 billion, an increase of US$8.6 billion or about 4.7% compared to last week. The average daily turnover of the digital token market was US$51.8 billion, an increase of 15.0% from last week, and the average daily turnover rate was 27.8%, an increase of 2.1% from last week. The current price of BTC is $6,379, with a weekly increase of 10.6% and a monthly increase of 19.8%. The current price of ETH is 173.1 US dollars, with a weekly increase of 5.4% and a monthly decrease of 2.4%. This week, the BTC balance on the exchange was 732,000, a decrease of 28,870 from last week. The ETH balance on the exchange was 8.55 million, an increase of 190,000 from last week. The BTC chips in the venue decreased slightly, while the ETH chips increased.

Risk warning: regulatory policy risk, market trend risk

Risk warning: regulatory policy risk, market trend risk

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1 Topic: "Resonance" and Ponzi Centennial: All for Freedom

1.1 "Resonance" fire escape

The road to "resonance" opens. On January 24, 2019, the "Resonance" pioneer VDS project was announced and officially released on Valentine's Day, thus starting its "Resonance" road. According to the roadmap provided by the project's 131-page white paper, the project's decentralized finance promotion group was established in August 2016.

All for freedom. The project uses the V in Vendetta (vendetta), which symbolizes freedom and revolution against established institutions. The project vision is to build a completely anonymous ecosystem, in the words of the white paper:

"Rebuild a brand new open network based on distributed anonymous nodes, leading us into an unprecedented free space: V-Dimension."

Vollar, the future Dollar? The token of the VDS ecosystem is called Vollar. The name Vollar combines the concepts of VDS and the U.S. dollar. The U.S. dollar is the main currency of the global centralized financial system. This name indicates that Vollar aims to become the "currency of freedom" that will dominate the future global decentralized financial system.

The price catches up with Dollar. On February 23, Vollar was listed on the MXC exchange, and it increased by more than 4 times within an hour of opening, and reached a maximum increase of 52 times on May 9, 2019. On May 9, the price of Vollar on the CoinBene exchange reached a maximum of 14.50 USDT, which was less than 3 months before Vollar went live.

"Resonance" mode misfired. Vollar's skyrocketing made the "resonance" mode go viral quickly. Suddenly, the market was swept by the wind of "resonance". UPE resonated with ETH, VBT resonated with USDT, FDS resonated with BNB, HDS resonated with HT, and ODS resonated with OKB.

1.2 Behind the "resonance"

What is "resonance"? The so-called "resonance" is the one-way exchange of BTC for Vollar. Users can import BTC into their wallets to exchange for VDS. Through "resonance", the price of Vollar is anchored to the price of BTC. Therefore, when the market price is higher than the "resonance" price , through the "resonance" exchange can promote the "resonance" price rise, as to whether a similar effect can be produced when the market price is lower than the "resonance" price.

The total amount of Vollar is 2.1 billion, of which 100 million are generated through pre-mining, and the other 2 billion are generated through POW hedging balance issuance. The distribution of the pre-mined part of Vollar includes airdrops of 17.475 million (1:1 airdrops to BTC users), initial start-up funds of the resonance V pool of 70.525 million and initial ecological construction funds of VDS of 12 million.

"Resonance" should be done as early as possible. The sooner you participate in the "resonance" to exchange 1 BTC, the more VDS you can exchange until the exchange ratio drops to 1:1. This method of participating later and getting more expensive can arouse investors' FOMO sentiment. For the earliest participating users, 1 BTC can be exchanged for 3,756 Vollars, and then 1 Vollar will be reduced for each layer, and each layer only has an exchange quota of 10 BTCs. BTC.

Tribute to Satoshi Nakamoto. According to the white paper, the 12 million Vollars of the VDS initial ecological construction fund will be used for clearnet website construction rewards, exchange cooperative listing rewards, mining pool rewards, block chain industry star rewards for building super master nodes (such as Vitalik Buterin), free consensus Social enlightenment rewards (to Satoshi Nakamoto) and market data platform display rewards. VDS even has a whitelist of exchanges, mining pools, stars, and market data platforms. Similar to the "resonance" exchange, the earlier you support Vollar, the higher the reward you can get.

"Resonance" pyramid. VID is the address in the VDS system, and the private key with UTXO exceeding 0.1BTC can be qualified to receive the VID source point for free within the 0-231,839 block of the VDS chain. The fission rule of the trust seal in VDS is that, except for the VID source point, any ordinary address that wants to become a VID needs to pay 10Vollar to activate the VID. Among them, the direct invitation reward 3.5Vollar is directly obtained by the VID that sent the invitation. 6Vollar will be divided into 12 shares, each 0.5Vollar, and distributed among the 12 linear relationship VIDs above it, and each linear relationship VID can be divided into 0.5Vollar System rewards, including the VID that issued the invitation. How many VID sources are successfully activated in the VDS chain, and there are correspondingly how many trust stamp pyramids.

Fission rewards and "resonance" lottery. Half of the BTC in the resonance V pool will be awarded to the top 10 fission players, and the other half will be used for the lucky draw of 20 light master nodes. To become a light master node, you only need to download a PC-side wallet, click to create a light master node and put in 100 VDS, and you will get a forever lottery ticket.

The gorgeous appearance cannot conceal the essence of deception. Through all the above, it is not difficult to find that although VDS has a grand vision, a novel concept, and extremely exquisite white papers and promotional videos, no matter how gorgeous the packaging is, it is still difficult to conceal the essence of a Ponzi scheme.

1.3 Centuries of Ponzi

The "Ponzi scheme" has lasted for a hundred years. In 1919, Charles Ponzi, who immigrated from Italy to the United States, planned a conspiracy known as the "Ponzi scheme" by later generations. After 100 years, the "Ponzi scheme" has endured for a long time, and people still Have fun.

2Markets: BTC stands out and enters the high pressure range

2.1 The overall market: a slight increase

2.1 The overall market: a slight increase

The total market value of digital tokens this week was US$193.9 billion, an increase of US$8.6 billion or about 4.7% compared to last week.

The average daily turnover of the digital token market was US$51.8 billion, an increase of 15.0% from last week, and the average daily turnover rate was 27.8%, an increase of 2.1% from last week.

This week, the BTC balance on the exchange was 732,000, a decrease of 28,870 from last week. The ETH balance on the exchange was 8.55 million, an increase of 190,000 from last week. The BTC chips in the venue decreased slightly, while the ETH chips increased.

The market value of USDT is 2.78 billion US dollars, a decrease of 4.07 million US dollars from last week. There is no significant change in the USDT premium.

2.2 Core token: BTC outshines others

The current price of BTC is $6,379, with a weekly increase of 10.6% and a monthly increase of 19.8%. This week, the average daily trading volume of BTC was 16.8 billion US dollars, and the average daily turnover rate was 15.9%. The price of BTC has risen sharply this week, and the transaction has increased significantly compared with last week.

The current price of ETH is 173.1 US dollars, with a weekly increase of 5.4% and a monthly decrease of 2.4%. The average daily trading volume of ETH this week was 7.08 billion US dollars, and the average daily turnover rate was 39.4%, a significant increase from last week.

The current price of EOS is $4.83, with a weekly drop of 5.1% and a monthly drop of 17.3%. The average daily trading volume of EOS this week was $1.99 billion, with an average daily turnover rate of 43.7%. The change of hands is relatively sufficient, which has increased significantly compared with last week, and the increase this week is lower than that of mainstream tokens.

The current price of BCH is 287.7 US dollars, with a weekly decline of 1.8% and a monthly decline of 5.7%. The average daily trading volume of BCH this week was US$1.85 billion, with an average daily turnover rate of 36.0%. BCH performed weaker than BTC this week and stronger than other mainstream tokens.

The monthly volatility of major tokens continued to fall this week. The monthly volatility of BTC was 11.8%, an increase of 0.2% from last week; the monthly volatility of ETH was 15.9%, a decrease of 0.8% from last week; the monthly volatility of EOS was 18.1%, A decrease of 1.8% from last week; the monthly volatility of BCH was 24.6%, a decrease of 1.9% from last week. The overall volatility of the market fell slightly.

2.3 Market view: It is difficult to sustain the upward trend

BTC is thriving. This week, BTC performed brilliantly and started an independent market. The total market value of other tokens has hardly changed. The risk of USDT has gradually eased, but TronBank and Binance were stolen one after another. Although the incident had a certain impact on the market, the market quickly digested the bad news, and BTC continued to rise after a short adjustment.

BTC has entered a high-pressure range, and it is difficult to break through, and there may be a short-term correction. Although BTC is rising strongly, there has been no fundamental change in the capital. Funds have flowed from other tokens to BTC to support the current rise of BTC. Now that BTC has entered a strong pressure range, it is difficult to continue to break through in the short term.

The "resonance" mode is all the rage. This week, the "resonance" model represented by VDS became popular, and various "resonances" appeared one after another, but no matter what the packaging, it was difficult to change the essence of the scam, and remind investors to pay attention to the relevant risks.

3 Output and popularity: mining difficulty and concern rise

BTC computing power decreased slightly, mining difficulty increased, and ETH computing power and mining difficulty increased slightly. The mining difficulty of BTC this week is 6.702T, an increase of 0.349T from last week, and the daily average computing power of this week is 45.98EH/s, a decrease of 0.41EH/s from last week; the mining difficulty of ETH this week is 1925, an increase of 28 from last week, The daily average computing power is 154.9TH/S, an increase of about 2.9TH/S.

This week, according to GoogleTrends, the search popularity of the term Bitcoin is 10, and the search popularity of Ethereum is 8. With the sharp rise in the price of BTC, the public's interest in encrypted tokens has increased.

4 Industry news: Binance hot wallet was stolen, CFTC is willing to approve Ethereum futures

4.1 Binance Hot Wallet Stolen 7000 BTC

According to the official announcement of Binance, the Binance exchange discovered a large-scale security breach, hackers were able to obtain a large number of user API keys, 2FA codes and other possible information to steal encrypted tokens. At 17:15:24 on May 7, hackers stole 7,000 BTC from the Binance hot wallet at block height 575012.

4.2 CFTC is willing to approve Ethereum futures

According to CoinDesk, a senior official of the U.S. Commodity Futures Trading Commission (CFTC) stated that the agency is willing to approve an Ethereum futures contract, provided that the contract meets all conditions.

4.3 South Korea will abolish the encrypted token anti-money laundering law and seek direct legislation instead

According to Bitcoinnews, the South Korean government has decided to abolish the anti-money laundering guidelines for encrypted tokens and will introduce legislation to directly regulate encrypted token transactions. Last week, South Korea’s Financial Services Commission included the “Guidelines for Preventing Money Laundering of Cryptocurrency” in a list of 22 administrative guidelines that it plans to repeal. This is all because the FATF (Financial Action Task Force) has published a draft explanatory note for its guidance on virtual asset service providers. Once the amendment is approved, crypto exchanges will be required to provide banks with their comprehensive analysis of AML data in order to maintain their accounts. This direct control at the state level is intended to increase user protection and transaction transparency.

4.4 U.S. commodity funds submit ETF applications based on encrypted tokens to the U.S. SEC