Recently, a pair of virtual running shoes has become popular. The price of virtual running shoes ranges from 5,000 yuan to 40,000 yuan. Millions of pairs have been sold in a few months, and the sales are extremely hot. With the concept of environmental protection and carbon emission reduction, it quickly attracted many investors and running enthusiasts with the model of "running to make money". The mobile app was launched in public beta in December last year, and by the end of May this year, the platform had more than 3 million users.
Virtual running shoes integrate a variety of trendy elements such as "frying shoes + running to make money + virtual currency + NFT + metaverse". After users buy virtual running shoes, they can obtain tokens by running, and then realize the tokens through transactions. Some players exposed themselves: "running" for a month, easily gained more than ten times the income. Such a huge return on investment, how can people not be tempted, many people quickly turn their hearts into action: some go bankrupt and invest hundreds of thousands of yuan, buy dozens of pairs of virtual shoes, hire others to run, in order to earn financial freedom and enjoy Worry-free life; some families go to battle together, all equipped with virtual shoes to show the strength of the crowd; some players insist on running in bad weather in order to make money...
However, the easy money made by virtual running shoes only looks beautiful, but it is not. Except for the players who entered the market in the early stage, the investors who joined later will inevitably be harvested by speculative capital due to high-level bids and so on. The "leek". According to media reports, the price of virtual running shoes has plummeted, and the price of tokens has also plummeted. The wealth bubble has burst, and countless players have lost money.
The money-making model of virtual running shoes has fatal injuries. Virtual running shoes are not real objects, and running does not directly create wealth. In order to maintain the illusion of "making money", the platform needs to subsidize the fees paid by new users to subsidize old users, which means that only a steady stream of New, this game can work. It can be seen that there is a huge speculative risk hidden in it. Once the number of new users cannot keep up, and the subsequent funds are cut off, it will collapse quickly. Moreover, the tokens derived from virtual running shoes have no value foundation, and the price fluctuates greatly. As soon as there is trouble, it will induce collective selling, further aggravating the market crisis of virtual running shoes.
In order to prevent the risk of virtual currency trading speculation, the regulatory authorities have issued notices to remind them many times. At present, my country has completely banned currency speculation, and the token transaction of virtual running shoes is suspected of illegal currency speculation, and the virtual property of investors lacks legal protection. Earlier, the relevant platform announced that in order to actively respond to relevant regulatory policies, it is expected to stop services to users in mainland China on July 15. Obviously, the regulatory risk has been exposed. Moreover, the speculation of virtual running shoes is out of control, and may also lead to illegal crimes such as online fraud, illegal fundraising, gambling money laundering, pyramid selling, etc., causing greater harm to ordinary investors and seriously disrupting the market order.
There is nothing new under the sun, and similar business models emerge in an endless stream, but they are always the same. They are all centered on capital speculation, but the targets of speculation are constantly changing. Moreover, the traders behind some speculative speculation models are even the same group of people, and the hype techniques are very similar. They have designed various novel money-making models, packaged the hype targets, and used the greed and weakness of human nature to stir up the restless mentality of investors who are eager for success and get rich overnight, and then "cut the leeks" at the right time.
Therefore, investors need to maintain sufficient vigilance against illegal speculation and speculation such as virtual running shoes, have a clear understanding of their investment ability, and use a rational and peaceful mind to analyze and evaluate various unconventional business models. Be tempted by the myth of getting rich, so as not to be deceived. At the same time, the regulatory authorities should also take precautions to keep track of new technologies and models such as virtual currency and the Metaverse, effectively regulate the market in accordance with the law, crack down on illegal speculation, and promptly warn investors to beware of speculation and scams, and protect themselves. Money bags, don't do "leek".