Multi-level signs of fraud appear by inviting each other to jog

Recently, a new form of making money has appeared on social networks, which is jogging or walking to earn money. Through social networks, subjects compete to invite participants with promises of attractive income. With running or walking, the audience touted is not just runners but everyone.

“Recruiting runners (healthy and money). Condition: Having pre-existing running skills; running at a speed of 8-20/km/h; run at a fixed time of the day 6pm; running daily and long term; Running about 20km/day (can form a team of 5-7 people to relay).

Bonus 1 million VND/day, receive money weekly (1 week/time).

Commitment not to cheat, not to multi-level, just meet the above conditions. Run as healthy as possible. The location of the running area is the 31ha area. Inbox for more details.”

Announcement of recruitment of runners.

Above is a piece of notice posted by a woman named Nguyen Thuy Hang on a student forum of the University of Agriculture on March 29. This announcement has attracted a lot of attention from students, who were intrigued by the information “earning 1 million/day”.

According to the research of PV Infonet, this is a new form of multi-level transformation combining virtual money investment and running. Accordingly, players have to download the app to their phones and have to order virtual shoes worth up to 20 million VND.

After placing an order to buy shoes, players are promised to pay a handsome amount, which can be up to 30 USD / day.

Notably, the “shoe” that the participant paid for was a virtual pair of shoes, but the purchase price was real.

The more shoes a player invests, the more money a player will earn. However, the amount of money the participants receive is only a virtual currency called GST, which is a virtual currency developed by STEPN.

Mr. TM, a running participant said: “To participate, you have to download the STEPN app and then run to get GST, but first you have to buy a pair of sneakers on the app for 10 VND Sol or more. A sol currently costs around $100, but this price will fluctuate over time.”

Mr. THN, a participant, said that with the current sol price, after 40 days of running, it is possible to break even and make a profit on a pair of invested shoes. However, if the price of this virtual currency drops sharply, the risk is borne by the participants.

Application screen.

According to PV Infonet’s research on the homepage of this system, after instructing to download the app and create an e-wallet, players are required to have “sol” as a fee and must buy sol on centralized exchanges like FTX , Binance, … (actually the same system as STEPN) to transfer to the wallet and conduct the transaction.

After purchasing the NFT through sol, the player registers to purchase the appropriate “shoe”. For pedestrians with a speed of 1-6km/h when consuming 1 energy will earn 4 GST. Walking briskly at 4-6 km/h when consuming 1 energy will earn 5 GST. Runners with a speed of 8 – 20 km/h when consuming 1 energy will earn 6 GST.

According to Mr. D.HH, a runner and knows a lot of virtual money traps, the risk is that participants cannot verify who made this game, what their moral character is, especially. Especially, participating in this risk game is not recognized by law, so when the system crashes, the player is the one who receives it.

According to Mr. D.HH, in fact, the invitation to recruit runners as shown in the advertisement on some student forums is to recruit people to “run hire” for one or a few individuals who own multiple accounts, or In other words, you are investing a lot of money to own many “shoes” at the same time and need someone to run for you.

A player “shows off” earning money from running.

According to PV Infonet’s research, the subjects took advantage of the money-hungry mentality of many people and lured them with the illusion of “healthy” so they attracted many participants. Many people think, running every day anyway, now invest a little more money, both have health and have money, but in the end, how valuable the virtual money is is not sure.

“Free cheese is only in the mousetrap”, this saying is always true in all cases, especially for those who like to earn money easily.

It is known that this is not the first time this form of “running out of money” has appeared. When you have spent tens of millions of dong to buy a pair of shoes that are not of real value, players will try to run to breakeven and then make a profit, but to make a profit, players will have to continue to “pump” money for the app. to earn more profit.

“My friends ‘go away’ a lot after the race. On the first day, every day, I earn 2-3 gold trees with profit. Seeing them show off their profits is heartbreaking. But it is true that it is not possible to get money from the heads who came up with this game, “said Tran Duc Tuan (Hanoi).

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