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What does Kuangshi Coin mean (Kuangshi Cloud (Beijing) Technology Co., Ltd. scam)

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What does Kuangshi Coin mean? According to official reports, Kuangshi Coin is a

What does Kuangshi Coin mean (Kuangshi Cloud (Beijing) Technology Co., Ltd. scam)

What does Kuangshi Coin mean? According to official reports, Kuangshi Coin is a type of cryptocurrency based on blockchain technology. It is described as a special form of token issued in the early stages of the Bitcoin network.

As this digital asset is open source and fully owned by the community (meaning no one can manipulate it), this type of token is also called “mining”. Mining refers to the decentralized gaming behavior of providing computing power to others in exchange for rewards, similar to litecoin, monero, and other tokens. These tokens can be traded as a new type of virtual commodity or used for payment services without any third-party intervention or control.

According to the definition, the term “mining” is a term used in the computer world.

Kuangshi Cloud (Beijing) Technology Co., Ltd. scam

On March 24th, it was reported that Kuangshi Cloud (Beijing) Technology Co., Ltd. published an article on the “Intelligent Chain Finance” WeChat public account, stating that some users have recently consulted the company about false propaganda or promises of irregular blockchain technology development and sales services. In response, the official statement states that the company has not been in contact with the said enterprise and has not conducted any business cooperation. At the same time, there is a risk of investors being scammed on this platform.

In response to this situation, information and replies were verified and confirmed by Mars Finance:

1. Regarding the above actions, the author believes it is a fraudulent act. The explanation is:

1. The so-called Kuangshi Cloud (Beijing) Technology Co., Ltd. was established in April 2017. Since 2018, the company has received numerous reports and complaints from various media outlets. It has accumulated a large number of citizen reports related to suspected virtual currency trading, ICO scams, and other issues. In mid-June 2018, after investigation, “Waya Tech” violated his account password and other sensitive data, involving amounts reaching several million RMB, and is now deactivated. (Finance World)

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