Facts explaining Liang Liang and other blockchain innovators do NOT constitute a crime
We are part of the family members of the case of “Liang Liang and other 6 people organized and led pyramid selling activities” handled by the Xishan Branch of the Wuxi Public Security Bureau. We also participated as financing consultants, technical development experts, and members of the Hub community in Liang Liang and others’ entrepreneurial process. We are very familiar with the process of Liang Liang’s establishment of the CoinXP trading public chain and the Hubdex exchange based on public chain technology. This provides detailed information, responds to social concerns, and also serves as a basis to point out some biases and mistakes made by the Xishan Branch in this case.
I. The fact that Liang Liang founded CoinXP and Hubdex does not have any characteristics of pyramid selling, and there is no “entry fee, the way of remuneration for pulling people’s heads and the purpose of defrauding money”
Liang Liang began to create the CoinXP trading public chain and the HubdeX chain exchange in February 2018, and was arrested on April 15, 2021. During the past three years, Liang Liang’s vision and plan on the CoinXP trading public chain has been recognized and invested by mainstream funds in the blockchain industry, and has attracted a number of Chinese and American doctors and famous technology enterprises to join the blockchain developers. Continuing to invest in research and development to overcome technical difficulties, the development route has become a reality step by step, and the first Hubdex exchange application on the public chain was launched in 2019, which is 100% autonomously developed and managed by the Hubdex community. Community participants obtain Hub Tokens through investment, and have the right to govern and benefit from Hubdex by holding Hub Tokens.
When Liang Liang checked the work of community participants, he strictly reviewed the promotion proposals of the community, involving new promotion proposals with “levels” and “pulling people”, all based on legal opinions and Liang Liang’s “don’t be evil” principle, he denied in a timely manner. In the economic model of Hubdex, there is no entry fee, there is no remuneration method based on pulling headcount, community members are not paid as investors and community builders, and there is no payment to community members based on the number of direct or indirect rolling development personnel. remuneration. The growth of the community is reflected in the confidence of investors and participants in the technology and operation of the Hub exchange, as well as the value of the Hub token, and the CoinXP public chain team does not reserve any Hub token. The new behavior of the community will not bring benefits to Liang Liang and his team, but will bring a positive impact on the application of CoinXP public chain and the ecological prosperity of entrepreneurial verification. Therefore, there is absolutely no way of “pulling people’s heads” to seek illegal benefits. the behavior of.
However, such innovative projects, driven by new technologies and practiced by new production relations, are being put into action by the Xishan Branch of Wuxi Public Security Bureau with all their might to complete the “new” and “pyramid marketing” cases. The alleged amount involved in the case of 1 billion, more than 50,000 members, and more than 20,000 real-name registrations has no factual basis. The amount is fictitious and has been revised many times in external publicity, and the Hub community has not conducted real-name registration of users in any form. In addition, according to public information, we also found the following problems:
1. The content of the police interview is untrue: On December 31, 2021, the Wuxi Xishan Branch released the interview video of the case on the Jiangsu Public News Channel “Law Online” program. A police officer Liu Qiang with the police number 221939 said that the project is “2021”. Initiated since 2009, a major case under the guise of blockchain technology, which is actually a billion-dollar pyramid scheme.” The statement was wrong about the time of the start-up, fictitious amount of funds, and even the “deceived” transfer certificate provided by the “reporter” was actually the date of the crime. After the platform has been taken off the shelf for three months, it is obviously fraudulent.
2. The police changed the content of the interview and joined the official Weibo of various local procuratorates to launch a public opinion offensive: On January 11, 2022, Jiangsu Public and News Channel reported again for Wuxi Public Security. [200 million yuan involved in the case! ##] The qualitative publicity of the case. Delete the previous “forgery of evidence”, only stated that the case is characterized by “MLM”, and changed the amount involved from the previous “billion yuan” to “200 million yuan”. There is no basis for exaggeration and modification, and the amount of 200 million yuan. At the same time, Wuxi Public Security launched the official Weibo number of Jiangsu Province Political and Law, local procuratorates and some local courts for large -scale publicity, including: Jiangsu Political and Law, Wuzhishan Political and Law, Bengbu Political and Law, Jiyang Procuratorate, Cao County People’s Procuratorate, Heze City Mudanjiang District People’s Procuratorate, Mingshui Procuratorate, Hangzhou Procuratorate, Licheng Procuratorate, Mengyin County People’s Procuratorate, Zhenfeng Procuratorate, Suihua Procuratorate, Yuhang Procuratorate, Shangcheng Procuratorate, Bailongjiang Forest District Procuratorate, Tutu City Procuratorial People’s Court, Luzhou Procuratorate, Wuhu Yijiang Procuratorate, Longyou Procuratorate, Gongshu Procuratorate, Linping Procuratorate, Yangzhou Procuratorate, Jiangbei Procuratorate, Oriental Red People’s Procuratorate, Baoji Procuratorate, Dalian Procuratorate, Beilin Procuratorate, Yiyi Procuratorate, Yantai City People’s People’s People’s People’s People’s Republics More than 50 judicial agencies such as the Procuratorate, Ankang Intermediate Court, and Shuangliu Court, regardless of their responsibilities and ethics of independent supervision, during the public security retirement and investigation, they carried out online travel streets to show the public and conduct media trials.
https://youtube.com/shorts/zoUGw5u86zE?feature=share
3. No reporter, the loss caused by the public security: there were no reporters or victims in this case, and the platform was closed after the large -scale arrest of the public security, so that investors suffered losses because they could not withdraw currencies. There was no loss before.
4. Law enforcement packaging into a MLM organization: The investigation agency completely ignores the real work content of the project development, namely: Liang Liang and the team’s three -year hard entrepreneurial process and technical application results, cover up its real entrepreneurial motivation and personnel and funds technology development Investment, deliberately packaging a MLM organization to meet the “MLM Crag of MLM Cases” for public security.
5. Cross -provincial arrest, take away the parties and family members of the company and private electronic products and digital wallets, and transfer all the digital assets to the public security address during the handling period: Wuxi Public Security can provide electronic products and digital assets in the family members of the parties In the case of the facts of personal property and investment, the book records, ledger records and in -deposit funds, they still take away all private property, and have not given the voucher for their family members. Regardless of the number of digital assets with the cases of the parties, the digital assets have been transferred to the address controlled by the public security, and it is not refundable to the family members and children’s private electronic products.
6. Tempery members of the community, impersonate community personnel group sending messages fishing law enforcement, exaggerating the company’s asset amount: a large number of community members were rumored to the local police station. After handing over their mobile phones, the public security personnel pretended to be the parties to send a message to induce the members of the hubdex community to “fraud” the team to send the team to the team with the “fraud” team. The founder of the technology and the drafting and printing materials that are drafted and printed in advance, so that members of the community can be signed without signing without signing. Coinxp and HubDex’s servers were on Amazon, USA. After the incident, they shut down because they were unattended and could not restart.
II. Second, Liang Liang and their two partners are continuous entrepreneurs with successful entrepreneurial backgrounds. They are technical types and innovative talents with adventure and entrepreneurial spirit.
Liang Liang obtained the Certificate of International Business Administration (DBA), a PhD (DBA) graduation certificate in cooperation with the University of London University in July 2012. Prior to this, Liang Liang resigned from the post of excellent teachers in 1996 and created the Chengdu Benliu Logo Company (The top ten in the national identification industry, customers include the Fortune 500 companies such as Carrefour and IKEA), which has opened the road of entrepreneurship of more than 20 years of his life so far. , Internet sharing economy, blockchain technology and applications.
From 2008 to 2015, Liang Liang left the company, went to the United States to study and operate quantitative transactions, and found like -minded entrepreneurial partners in the United States, including Chen Hua, who worked in the IBM Silicon Valley laboratory at the time, Wang Yang, who was studying in the United States, Wang Yang, who was reading in the United States. There are also doctors of Purdue University, SAP’s senior software engineers, etc., and made a longitudinal private equity fund together. Liang Liang’s strategy, Wang Yang used the mathematical formula to calculate and verify, Chen Hua developed the transaction process, and the annualized income reached more than 30%.
In 2015, Liang Liang rejected the invitation of the domestic securities company Shen Yinwan managed a 3 billion yuan quantitative fund. He brought several partners who invested in the United States to resign and return to China to raise 60 million yuan (Liang Liang invested 20 million yuan in his own investment. RMB) Established a shared clothing platform “Doraemon Dream”, and the following year, it received a risk investment of $ 40 million in Junlian Capital. Liang Liang is a member of the CEO CLUB of Junlian. He is a 9 -phase student of Lenovo Star CEO Special Training Course. Interview with CCTV Economic Channel [Dialogue Chinese Brand] column.
CCVT “Dialogue”Interview
Liang Liang is the middle in shirt
Chen Hua, a technical partner of COINXP, who was detained by Liang Liang, was detained by Wuxi Public Security. He is a graduate student and master’s degree in the 88th computer department of Tsinghua University, a doctor of computer at the University of California, Riverside. Light back to China to start a business.
Chen Hua (first from left) attended the Mars Financial Blockchain Summit
Wang Yang, a technical partner of CoinXP, who was detained with Liang Liang, was detained by Wuxi Public Security. He graduated from the Biology Department of Peking University. Fund, back to China with Liang Liang back to start a business.
Wang Yang led the team to participate in Node Capital Hack Marathon to win the first prize
III. Coinxp public chain and HubDex applications aim to establish the bottom level of decentralized transactions, establish a underlying infrastructure for transaction trust, and promote the healthy development of the blockchain industry.
I. Underlying infrastructure of the Digital Asset Exchange of the blockchain industry: identifying industry problems and CoinXP’s founding motivation
【Entrepreneurship Background】In 2017, Liang Liang built a quantitative transactions and computer backgrounds team to start studying blockchain technology and testing digital currency transactions. They found that the mainstream exchanges at home and abroad are centralized exchanges in order to meet the needs of high availability, all types of digital currencies exchanges, and superior user experience. However the exchange brancrupcy, fraud incidents have continued, and compliance issues have not been resolved.
【Existing model defect】 Liang Liang believes that the original intention of blockchain technology is to remove institutions or organizations that need to endorse the endorsement of third -party trust with code and algorithms. However Centralized technology to avoid potential moral risks, which has become the paradox and the biggest obstacle to the development of the blockchain industry. On the other hand, the invention of Ethereum technology allows the blockchain technology to be very popular and the yearning and transparent traders have begun to establish a decentralized exchange on the main chain of Ethereum, and believe that the decentralized exchange is the future. Essence Liang Liang and the technical team are very agreed with the decentralization of the exchange. However, due to the current development of blockchain technology, the decentralized transactions are relatively improved, and the user experience will be greatly sacrificed. Therefore, because the decentralized exchange does not have its own main chain, it will be limited to the performance of the main chain, and it cannot solve the needs of cross -chain transactions. The worse user experience comes from the lack of liquidity. In addition to the systemic risk of zero -night return, users must also bear the transaction costs (points poorly) for each transaction for each transaction due to poor liquidity. The lack of liquidity is based on the structure of a separate exchange that cannot support cross -exchange transactions, resulting in the current digital currency trading industry, and each exchange is a liquid island. The systemic risks and extremely poor user experiences in the above transactions are unbearable as professional traders with traditional financial backgrounds.
【Solution】Therefore, Liang Liang and technical partners discussed whether to study and develop a vertical public chain to provide underlying technology and liquidity for digital asset transactions, and can realize the fairness, transparency, and security of asset custody, transactions and settlement on the chain. Provide technical endorsements for trading scenarios in the entire ecology, enhance investors’ trust in the exchange and confidence in the entire industry. At the same time, it also provides a cross -exchange chain for the exchanges in the ecology, providing sufficient market liquidity and transaction In depth, reduce the operation and maintenance costs of the exchange and the cost of user transaction, so that all parties participating in the ecology have sufficient returns and motivation to maintain the sustainable development of the entire ecology.
【International Investment and Global Technical Team】Based on the preliminary ideas of the above, Liang Liang and their two partners have been in contact with the mainstream digital currency venture capital institutions and industry experts in the industry since February 2018. A senior investor in the industry appreciates it. Liang Liang and his thoughts, seeing the ability of quantitative transactions, persuaded Liang Liang to do quantitative funds together, so that there is no need to bear the risk of difficult technical development and project operations at all, and make money easier to make money. However, Liang Liang’s biggest motivation is not to chase to make money. He is convinced that the blockchain will solve the social equity problem that the Internet era cannot solve. In order to allow the industry to expel bad coins and change the situation of early chaos. Investors were moved by Liang Liang’s vision and determination. Although he failed to cooperate with a quantitative fund, he still invested in Liang Liang’s first angel investment for early -type verification. They set up a foundation in Singapore according to law, and attracted more like -minded other computers and doctorate doctors in encryption, 1 Wall Street Stock Exchange and 1 software hardware operation and maintenance expert, and began a difficult entrepreneurial process for more than three years. These include: computer undergraduate of the University of Science and Technology of China, doctorate in computer doctors of Arizona State University, Dr. Che Weijia, Silicon Valley continuous entrepreneur; Dr. Tsinghua University undergraduate, Georgia University of Technology, senior research scientist at the Southwest Research Institute, experts in Amazon Robot Systems, 2009 Outstanding America in the United States in 2009 Dr. Liang Tuyi, a talent winner; Dr. Wang Wei, a doctor of computer mathematics at the Department of Mathematics at Peking University, Dr. Wang Wei, a password scientist; a PhD in Physics for Basic Science Class of Tsinghua University, Ph.D. Dr. Wu Kai; Basic Science Class of Tsinghua University, a master’s degree in computer science, Dr. Liu Weiming, Ph.D. in Computer Science and Technology of Sydney University. Their hottest technology companies in the United States do artificial intelligence, software, chips and other related technical research or development work, and technology companies such as Google and Amazon encourage employees’ elastic working hours and try to start the frontiers of blockchain projects in their spare time. One of the founding team members worked as an early employee in a technology company in the United States. A few months before the company was about to go public, I gave up the options worth millions of dollars to leave. Because holding the same value as Liang Liang. All team developers do not use money to earn money as the only goal of struggle. The dream of changing the world with technology is enthusiastic about studying every new technology and new research in the blockchain industry, which is unobstructed from their work group chat records.
During this period, Liang Liang has operating and domestic development teams in Beijing and Hangzhou in China to continue to invest in technology research and development. Starting from February 2018, as of December 2018, he has traveled to and from Sino -US, Israel and other blocks several times. The countries with a relatively cutting -edge development of chain and digital currencies have brought investment in well -known investment institutions in the world, including: Danhua Capital (DHVC), Neo Global Capital (NGC), Node Capital, Consensus Lab ( LAB), Tsinghua Mizua Alumni Capital, Jubilee Capital (Singapore Capital), Snz Capital, Back to Capital, Univalue Associations, etc., a total of more than 10,000 Ethereum. Each investment signed a Singapore -compliant token sale investment agreement (SAFT), which agreed to pay the public chain CXP tokens as an investment return, and the investment risk should be borne. Before the incident, the CXP tokens all reached coins as scheduled to the investor designated wallet address as scheduled in accordance with the contract stipulated in the contract. The subsequent CXP tokens cannot perform the contract, which causes the loss of investors.
Liang Liang and his team use all raised funds for project development and operation. More than 10,000 Ethereum currently raised by Ethereum can reach more than 30 million US dollars (200 million yuan). The principal used for quantitative transactions. It is impossible for them to hire the top talents in China and the United States, and pursue a project with uncertainty, market recognition, profitability and capital return with uncertainty in the way to invest 200 million yuan result.
2. Coinxp public chain development and hubDex decentralized exchange
Such a technical team formed by 10 Chinese masters, doctoral and continuous entrepreneurs who have received the highest education of the top China and the United States and the front line of the information industry. After nearly two years of hard work, the coinxp trading public chain was launched in 2019 With online HubDex applications, and continuously overcome the problems of blockchain and encryption technology applications such as the signatures of the threshold, in order to gradually practice the decentralized transaction empowerment of blockchain technology, walk in the field of digital asset trading and application blockchain technology The core of the core has laid a solid foundation for the establishment of industry technical standards in the future.
Since the CoinxP team focuses on technology, some partners who specialize in communities want to cooperate with the establishment of an exchange. Among them, Peng Gang and Shen Ting of Chengdu Zongbaiyu Technology Co., Ltd. have been in contact with blockchain and digital currencies. They have their own communities and are very interested in establishing exchanges facing their own communities. In particular, most of these communities in these communities Monetary investors have encountered the digital currency projects involved in participation are the scams of the capital disk and MLM. Governance. Therefore, the two parties reached a cooperation in June 2019. The CoinXP team provides the technical support of the underlying and application. Chain technology to establish the purpose of the underlying ecology of trading.
According to the needs of community users led by Peng Gang, the CoinXP team developed HubDex products. On June 18, 2019, it first launched online version of prototype products. The members of Coinxp, such as Liang Liang, Wang Yang, and Chen Hua, do not reserve HUB tokens. HUB’s token (equivalent to the equity of traditional companies) is all held by community investors/ecological builders.
The community uses USDT TEDs to invest in HUB to communicate, and all digital currencies that can be traded on USDT TEDs and HubDex can choose to store in decentralized local wallets. The CoinXP team does not make any keys. However, the real CoinXP’s chain asset custody depends on the entire launch of the super node, dependence on the mature application of the threshold signature technology, and can be used to sign more wallets. From zero to one entrepreneurial, there is a question of a chicken or egg first: if HubDex is not as good as the period, the community cannot develop, there will be no nodes that can operate more asset custody; if the hubdex application is launched first, Then you must face the impossible triangle problem of the blockchain to ensure complete decentralization, and you need to sacrifice availability and user experience. As a result, after the technical team went online in HubDex, it first enabled the industry’s most professional COBO third -party asset custody company to specialize on it, but it is a centralized custody user asset. Safety issue.
3. Milestone decentralized development of local wallets and multi -signed coexistence wallets: HubDex’s technical path from the centralized transaction (CEX) to decentralized transactions (DEX)
In the process of developing HubDex decentralized exchanges, the path of technology development is gradually iterated from the centralized platform to decentralization. There are three parts of the development core: 1) asset accounting; 2) transaction matching; 3) asset custody Essence Among them, the first two points have been resolved through the consensus and transparent solution of blockchain technology. In the third point, decentralized asset custody needs to further develop more signature wallets (retarded signature technology) and cold wallets.
In September 2019, the team developed HubDex DAPP, which completed a completely decentralized local wallet with no hosting. The disadvantages of unable to cross -chain transactions (support for all asset transactions). Therefore, the team is still committed to developing more wallets to support decentralized asset custody.
Cold wallets are very important security methods, but under the current technical status, signing more cold wallet products that have not yet mature commercial uses. The CoinxP team has now overcome the technical difficulties of signing more cold wallets, and completed the preliminary development of multiple -signed co -tube wallets. However, due to the extremely important funding security, it is also necessary to be further tested to integrate the application into the system.
It is also in the early stage of a key decentralized asset co -management that has not yet landed. Wuxi Public Security searches for the founding people’s houses, moved away all the companies and private computers, mobile phones, and secrets of the company and private. Partner and digital assets managed by third -party custody companies.
4. Artificial review of coins: Temporary adjustment measures to prevent hackers’ attacks
There have been many incidents of hackers invading exchanges over the years. Hubdex has been hacked since July 2020, such as::
● On July 15, 2020, suspected hackers guess the user password stealing coins
● September 5, 2020 The system is abnormal, and hackers may launch an attack
● December 30, 2020 by hackers invaded by hackers
Therefore, after the HUB system was frequently attacked in 2020, for the sake of security, the community decided that each time the bill of withdrawal needed to be artificially reviewed. The purpose is to prevent hackers from invading the system and steal all the currency at once. After that, the hacker invasion of the HUB system occurred. The most recent hacker invasion occurred around December 30, 2020. Fortunately, HUB had an artificial audit process, and hackers did not stole the coins of users. In addition, the HUB’s system was backup, and the system quickly returned to normal operation. Therefore, before the function of the automatic transaction of users from the local wallet, artificial currency review is an indispensable procedure for preventing hackers and protecting user funds.
5. End digital currency fraud: HubDex community from centralized transactions (CEX) iteration to decentralized transactions (DEX) governance paths
Liang Liang and all the main creators of the team as faith in blockchain technology, the change of social collaboration relationship brought by the blockchain has also held the idea of a distributed autonomous organization (Decentralized Autonomous Organization-DAO). This is based on the blockbuster of the block The organizational structure developed by chain technology means that there are no centralized leaders who write the organizational rules into the code, and the smart contract is executed. Different from traditional corporate organizations.
On the one hand, decentralized community autonomy gradually began to have the top 15 successful projects in the market value successfully. For example, the USDC jointly managed by members of the community committee is a super large stablecoin managed by the Community Committee, with a market value of US $ 16 billion ; Another famous DAO example is MakerDao, which manages more than $ 9 billion in market value. DAO is widely considered to be the cornerstone of the next generation of digital economy web3. In the current era of web2 digital economy, user data has been monopolized by a few super companies. User information privacy has essentially became the products of these monopoly companies. Users have no right to speak at all. The DAO -based Web3 also allows each user to jointly owns and manage the enterprise in a open and transparent way to break a few oligopoly companies’ monopoly. As a venture capital investment giant Sequoia Capital, the investment related to the cryptocurrency industry has accounted for more than 25%of the total investment in the year, but also on December 8, 2021, the vision was “helpful People with adventure spirit create a great company. ”Change to, “From the idea to landing, we help people with adventure spirit to create a great DAO.”
On the other hand, from February 2018, the first edition of the CoinXP public chain and ecological construction routes disclosed in the White Paper of professional institutions and the route planning of ecological construction are almost consistent with the underlying technology and community governance of HubDex. That is to say, from the beginning, the COINXP’s main creative team has stepped up step by step to solve the [credible] problem in the most important digital asset trading link in the blockchain industry. With the establishment of the HUBDEX community user foundation, in July 2020, members of the HubDex community spontaneously proposed to establish a super node for community autonomy, which is in line with the development needs of HubDex and meets the path of the CoinXP team that supported Hubdex as a decentralized community autonomy. As of April 14, 2021, 150 super nodes are online. After that, HubDao and MDAO were issued by community autonomy through voting autonomous incentives.
Prior to the incident, the Hubdex community began to discuss and vote for the problems encountered in the process of practice, and issued DAO token by the community by itself to vote for important events. If the time is false, it will not only solve the problem of digital transaction security (the problem of capital disk and MLM disk scam will be completely resolved), but it will also have iterative and penetrating significance in blockchain technology and community governance.
However, in April 2021, Wuxi public security personnel ignored the facts and disregarded the laws of technology development across provinces. Essence
IV. Liang Liang and others do not constitute MLM crimes
1. The coinxp public chain developed by Liang Liang’s team has recognized technical and economic value. It is a real technological innovation that can lead the development of the industry
At the beginning of the project, the Liang Liang team won the first place in Beijing in the blockchain black guest match between the nodes capital and entrepreneurial salad gathered in the world’s top technical talents, and won the prize of 1 BTC. The judges were won. Including: Zhu Peijiang, Secretary -General of Zhongguancun Industry Alliance. After a year of joint research and development, CoinXP has been launched in 2019, and has achieved decentralized asset custody (users can choose to completely decentralize local wallets or well -known third -party centralized asset custody platforms), all transaction data chain, and all transaction data, and all transaction data are on the chain, The ultimate user experience of cross -chain technology high TPS is a truly secure, credible, and transparent underlying public chain that can provide users with decentralized financial services.
The authenticity and economic value of the R & D project of the Public Security Liang Liang team is ignored. Only the Liang Liang team’s research and development behavior end link HubDex exchanges wrongly rendering, exaggerating “virtuality” and “falseness” are deliberately concealing the truth. In the development of the R & D behavior and results of the Liang Liang team, Coinxp and HubDex are developed by the global blockchain industry. It belongs to cutting -edge technology exploration and innovation. Assets or commodity transactions, it even provides a new code -based bookkeeping, decentralized management operation model for traditional financial securities transactions, making financial securities transactions more transparent, avoiding dark box operations, and easier to regulate. It is a real project with huge scientific and technological innovation, and there is no false.
2. During the entire process of establishing and maintaining the HubDex exchange, Liang Liang’s team failed to obtain illegal interests and behaviors to obtain illegal interests through the implementation of fraud behavior or establishing a hierarchical model.
The HUBDEX exchange is a specific application and model room developed by the Liang Liang team to comprehensively proof and introduce how to use the functions of the CoinXP public chain. As a result, not the result of selling false props.
During the establishment and maintenance of the HubDex exchange, the Liang Liang team did not use the intention and behavior of illegal interests through the implementation of fraud or establishing a hierarchical model. Since the beginning of strict system maintenance functions and identities, the public chain does not reserve and holds HUB coins, does not interfere with the objective facts of the operation of the HubDex exchange and user transaction behavior.
The HubDex Exchange has not set up a “entry fee” from the beginning. All users verify that the invitation code sent by the registered member can register a member. The invitation code will not generate any fees. The user “zero cost and no threshold” obtains the platform trading qualification.
From June 18th, 2019 to June 17, 2020, the HubDex exchange adopts a DT model, that is, users donate USDT TEDs to obtain a specific proportion of DT coins, burning DT coins to obtain a specific proportion of HUB coins. All currency users are hubdex. The common property owner of the exchange, sharing the entire HubDex Exchange’s entire income (handling fee) and jointly determining the management rules of the HubDex exchange. Obviously, the user has obtained the right to use the R & D technical team’s research and development results, the right of income, and decision -making rights in the way of paying the USDT TED. The specific amount of the donation has the rights and interests. At the same time, the equity of the same donation amount, the right to speak, and the right to speak, and the income of the same donation amount is different. The exchange ratio has changed, which has nothing to do with the user level. Correspondingly, the recommended personnel are rewarded in accordance with the standard of 20%of the HUB coin amount in accordance with their direct recommenders. The remuneration is limited to the direct recommendation and the recommendation of the first layer of relationship. There is no three -layer level of MLM allegations.
From June 18, 2020, the HubDex Exchange adopts the POS mechanism model. POS (Proof of Stake, equity certificate or equity certificate) is essentially a pledged equity participating in the blockchain to reach a consensus decision and sharing a new token mechanism. Traditional listed companies are similar to the operation, and the blockchain will automate this process. POS is the consensus mechanism adopted by most blockchain except Bitcoin, such as: Solana, Cardano, Binance Smart Chain and other large public chains. This year’s version 2.0 will be upgraded to the POS mechanism. The team had seen this as the mainstream model of the development of the blockchain, so the cost of manpower was invested into a POS mechanism. In addition to the free trading profit on the exchange, users can also obtain static income and dynamic income. The two sources of income are transaction fees collected by the HubDex Exchange and the HubDex Exchange. The 4.5%HUB coin is essentially the tokens that have been pre -set and released by users to share the operating profit and distribution system of users in the HUBDEX exchange. Under the POS mechanism model, users are based on the invitation and invitation relationships to form a “level”, but this level of non -MLM crime level “pulls people”, and it will not profit from the online capital contribution. Invited users to participate in the HubDex Exchange only promotes and expand the market’s recognition of digital currency transactions on the use of the coinxp chain. The more users use the Hub DEX transaction digital assets, the more transaction fees charged by the exchange. The price of the voucher HUB coins will also increase. This is a reason to expand user bases through market promotion and increase revenue and profits through market promotion, increase revenue and profits, the company’s value increases, and the rise in stock prices is a reason. All users rely on the continuous development and maturity of the digital asset trading market to benefit. The essence of the income is because they are optimistic about the circulation value of HUB coins and the independent value of the digital asset trading market. It is not relying on “eating home”, the HubDex exchange never paid the TED dollars directly or indirectly to the home when the HUB coin was paid.
3. The public chain operation mode developed by Liang Liang’s team does not cause user losses
HUBDEX Exchange users have unanimously evaluated the Liang Liang team to open the CoinXP public chain project, HubDex exchange transaction and management rules from the beginning. Users are optimistic about the industry prospects of blockchain technology in the field of digital asset trading and trust in the technical capabilities of the Liang Liang team. When choosing investment, he still voluntarily bear investment risks. He never thought that the Liang Liang team had fraud and caused his own economic losses.
On the contrary, due to the rough law of Public Security in Wuxi, the HubDex Exchange was forced to shut down, and the market liquidity of HUB coins was completely lost, which would really lead to the loss of user economic losses. Technical advancedness is favored by the market. HUB can still meet the needs of users, is recognized by the market, and has market transaction value, and can actively recover the risk of user funding.
V. According to my country’s existing laws and regulations and policies, the behavior of Liang Liang and others developing and running public chains does not constitute other crimes.
The actual existence of virtual currencies issued by blockchain technology in the world is one of the drivers of blockchain technology innovation. my country’s current laws and regulations have no special targeted regulations on virtual currency transactions.
Through retrieval similar cases, such as Jiangsu Yancheng Wotoken Network MLM Case, Jiangsu Yancheng Plustoken Network MLM Case, Jiangsu Xuzhou “BBGO” extra network MLM case, Zhejiang Wenzhou blockchain “smart contract” case, Hubei Jingzhou “Bitcoin Fund” network MLM etc. The basic characteristics of the above cases are unprecedented technologies and products. By building a network virtual currency investment platform, some false project pictures and video materials have been fabricated, and high returns are used as bait to attract netizens to “pull people” to develop layers, and the virtual currency involved has obvious falseness. These cases are obviously different from the situation in this case.
In terms of policy, the “Notice on Further Preventing and Disposing the Risks of the Hollowing Virtual Currency Transactions” jointly issued by the ten ministries and commissions on September 15, 2021 did not make one -size -fits -all regulations. It only determined that virtual currency -related business activities and overseas virtual currency exchanges passed the Internet through the Internet. Providing services to residents in my country is illegal business activities. The disposal measures are “strictly prohibited and resolutely banned according to law.” And it is important to emphasize that the “Notice on Further Preventing and Disposing the Risk of Hype of Virtual Currency Transactions” was released after Liang Liang and others were caught for 5 months. Unfair.
The Notice of the National Development and Reform Commission and other ten ministries and commissions such as the National Development and Reform Commission and the Ministry of Public Security. “The industrial boundaries such as blockchain, big data, cloud computing, etc., guide relevant enterprises to develop high -tech industries with low consumption and high value -added resource consumption and high value. The policy for virtual currency mining activities is to strengthen the supervision of the upstream and downstream industrial chain of virtual currency “mining” activities, and it is strictly forbidden to add new virtual currency “mining” projects to accelerate the orderly exit of the stock projects. Mining prohibited in the state regulations refers to POW (workload certificate) that consumes a lot of electricity resources, which is mainly used for Bitcoin. Coinxp and HubDex use the POS mechanism, which basically does not have energy consumption, so it is the mainstream trend of blockchain development.
The “Notice on Further Preventing and Disposing the Risk of Species of Virtual Currency Transactions” stipulates that “criminal liability for the implementation of relevant illegal financial activities constitutes criminal responsibility in accordance with the law”, but through the previous analysis The crime of leading MLM activities does not constitute other crimes. According to the “Notice on Further Preventing and Disposing the Risks of Species of Virtual Currency Transactions”, the behavior of developing blockchains and issuing virtual currencies should be distinguished, and the act of innovative technology developed by the development of virtual currencies should be issued. It should not be rude as criminal treatment.
6. Our appeals
Blockchain is a new generation of information revolution, leading the forefront of information technology and economic and social development. It can be said that who has mastered the core technology of blockchain and made a breakthrough in this field, who has mastered the new generation of information technology revolution and a new round of economic leap. Since 2018, the highest leader has repeatedly emphasized the importance and urgency of the development of blockchain technology, and in October 2019, he chaired the eighteenth collective study of the Central Political Bureau with the title of “Blockchain Technology”.
The CoinxP public chain and HubDex exchanges are the real and leading projects of the technical team personnel such as Liang Liang, Chen Hua, Wang Yang and other technical teams in Liang Liang, Chen Hua, and Wang Yang. The major innovation of the development and application of blockchain technology in the field of digital asset transactions is an active attempt to vigorously advocate the application scenarios of blockchain technology and upgrade to the background of national strategic support.
Even in the process of project research and development and practice, there are disputes in the process of disputed, and should be protected by strengthening industry guidance, technical supervision, compliance management, to support the development of the project, support the development of the project, and grasp the strategic opportunities. , And must not be severely punished for a group of innovative talents with international competitiveness, which is completely stifled for cutting -edge technological innovation.
We believe that in the face of severe judicial injustice, superior leaders will not sit down, and we ask the leaders of this material to pay attention to the case in their busy schedule, and supervise the Wuxi case handling agency to correct the error practices, and immediately release Liang Liang and other cases such as Liang Liang and other cases. Personnel and cancel the case.
We also urged to immediately establish a special investigation team to investigate the judicial unfair issues in the case, and improve business, scientific and technological innovation and the environment of rule of law with positive atmosphere, strict political discipline.
January 16, 2002
