December 21, 2019 by Océane
The application of chinese fitness based on the Blockchain, Qubu, would currently be the subject of a local investigation for allegedly having perpetrated a number of fund-raising and illegal financial fraud.
Contents
A token full of disappointment
While the Blockchain is growing in popularity in China, Qubu was not slow to adopt this technology. She would have promised to reward candies, the virtual currency of the app, users who manage to do 4000 steps per day for 45 days.
Qubu had marketed its crypto-currency as an instrument of investment that would generate a profit of up to 36.8% in only 60 days. And yet, these sermons would have proved to be completely false, according to an anonymous user who has admitted to having invested nearly 15000 yuan, or about 2150 dollars, in Qubu.
Apparently, 1 billion of the candies are still in circulation. What’s more, Qubu has a platform where candies can be exchanged for cash and where all the holders of the asset have the option to sell their candies for cash.
Several anomalies encountered in the industry
According to Focus Report, a information programs the more in view of the China, only 10% of the 32,000 companies Blockchain chinese operate genuinely according to the title they hold.
The National Internet Emergency Center, China would have also identified more than 755 chips launched, but who have seen their path to sink due to lack of support seriously, and this, until reaching a zero value after their creation.
At the same time, the tokens the fraudulent continue to flood the sector. In fact, more than a hundred tokens would have tricked consumers with schemes of Ponzi scheme. In the Face of this alarming situation, the program Focus Report calls for a strengthening of regulations, as well as to the vigilance of the general public.
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