Based on media reports, the Plustoken Wallet, known as the "first currency circle fund", was recently opened and cannot be cashed. The news claimed that the number involved involved 20 billion yuan.
The Plustoken wallet is a WeChat-based group and the main advantage of this method is to increase the registration of its own account. However, the means of promotion are "pulling the head". Because there are enough people involved in investing, they can increase their accounts and get more rebates with dividends.
According to information sources, the highest level accounts have dividends of not less than $ 1.5 million per year (around RMB 10.3 million).
As per the news report, Plustoken users penetrated 1 million in August 2018, and the company said that the number of members would exceed 10 million by 2019, and more than 400 Plustoken users reported that they could not withdraw cash.
Until now, Plustoken has not issued an official announcement to explain the inability to withdraw cash. Meanwhile, the official website does not publish information about the Founder.
Previously, Changsha police investigating the Plustoken wallet were handled for alleged pyramid schemes.
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