Why Did Myle Collapse? (Did Myle Really Collapse?)

08/19/2023 08:49 • NFT Newsflash • 153 views

Why did Myle collapse? Why did Myle collapse?

Today, Odaily Star Daily will discuss why Myle collapsed.

1. What happened to Myle, it only fell and didn’t rise, with no endorsement from the project team and promotion team;

2. There are rumors that Bitcoin has been halved around $60,000;

3. According to media reports, the largest private equity fund in China has won the bid for the digital currency “Smart Chain Cloud”;

4. A new wave of speculation has emerged in the blockchain investment field, but the bubble is too heavy to maintain market confidence;

5. Many investors believe that the large price fluctuations of Bitcoin have led to trapped funds, so they recommend investors not to blindly buy in.

Uncle Jian will first introduce Myle to everyone. It is a decentralized virtual asset platform that provides tokens based on Ethereum. “Change of ownership” is a product that allows everyone to participate in mining and earn profits. It has been listed on multiple mainstream exchanges.

Myle started to develop in December 2018. As of February 28, 2020, the cumulative registered users exceeded 1 million, with nearly 3 million new members added daily, “senior players”. As of the time of writing, the balance of the wallet address is more than 100,000 tokens, and the circulation is about 2 billion yuan (calculated at the current price), with a value of more than 700 million yuan. (Note: “senior players” refers to accounts that own more than 1 bitcoin)

Did Myle really collapse?

According to the Financial Network report, in the announcement on February 10, 2018, Myle stated: “Company employees are unable to work normally. Currently cooperating with relevant departments for investigation.” According to previous reports, news related to Myle’s alleged illegal activities such as pyramid schemes and money laundering has spread on social media. At the end of 2019, Myle launched the Bitcoin Cash and Litecoin trading platforms and opened the “Wealth Management Treasure”, but did not provide a specific timetable. In early July of this year, there were reports that the newly established blockchain startup project Myle, suspected of being a scam, will soon be listed on the New York Stock Exchange.

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Why Did Myle Collapse? (Did Myle Really Collapse?)

Did Myle really collapse?

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