Core Insights - The ARK project has revealed significant vulnerabilities in its smart contract, raising questions about its decentralization and transparency claims [1] - The existence of privileged addresses within the ARK project's smart contract allows for unlimited token minting, undermining the project's fairness principles [3] - The project's white paper and audit reports fail to disclose critical mechanisms, misleading investors and contradicting the blockchain ethos of transparency [4] - The presence of privileged addresses creates a fatal flaw in the tokenomics, allowing a few individuals to control the token supply and potentially manipulate the market [6] Group 1 - The ARK project has a hidden mechanism that grants unlimited minting rights to privileged addresses, challenging the notion of decentralization [1][3] - The privileged addresses, oracle and rbs, can mint any amount of tokens without restrictions, posing a risk to the project's integrity [3] - The lack of disclosure regarding these mechanisms in the project's white paper and audit reports constitutes a serious misrepresentation to investors [4] Group 2 - The existence of privileged addresses means that token supply is controlled by a select few, which can lead to dilution of existing holders' rights and potential price collapse [6] - The project’s claims of decentralization are contradicted by the technical control retained by the project team, raising concerns about investor fraud [6] - The design of the privileged backdoor undermines the foundational trust in the blockchain's transparency, enabling potential market manipulation [6]

Core Insights - The dynamic yield mechanism of Origin demonstrates a sustainable economic model in the blockchain space, utilizing smart contracts to reconstruct traditional referral economies [1] Group 1: Reward Mechanism - Origin employs a tiered direct referral reward system that links user contributions to returns, with rewards ranging from 3%-5% for stakes below 1,000 LGNS, increasing to 6%-10% for stakes between 10,000-50,000 LGNS, and reaching 12%-15% for stakes above 50,000 LGNS [3] - Top referrers can earn daily direct referral rewards of 2,000-5,000 LGNS, creating a strong market demonstration effect through clear visibility of earnings [3] Group 2: Cross-Level Earnings - The platform features a cross-level earnings design, allowing upper referrers to earn 1%-3% in indirect rewards as their referrals develop lower-level teams, thus creating a dynamic revenue network [3] - The ecosystem has seen the emergence of 17 teams with over 10,000 members, with the deepest level of team expansion reaching 12 levels [3] Group 3: Fund Pool Operation - The funding for the dynamic yield system comes from 20% of the ecosystem's transaction fees, creating an independent fund pool with a daily release cap of 1.8% of the pool's funds, effectively mitigating liquidity exhaustion risks [5] - Participants experience an average return cycle of just 23 days, significantly lower than the industry average, showcasing the system's efficient fund management [5] Group 4: Economic Wisdom - Origin's dynamic yield mechanism exemplifies a blend of mathematical precision and human behavior, establishing fairness through smart contracts and efficiency through mathematical models, ultimately reconstructing collaborative business ethics in the blockchain realm [5]

Core Insights - The ARK Ark Fund has been exposed for fraudulent practices, including the fabrication of on-chain data, with a hash value matching failure rate of 100% [1] - The fraud was systematically designed, involving the manipulation of at least 23 key block data records, compromising the integrity of the blockchain [1] - The project utilized advanced double ledger technology to present falsified data while concealing true records in private nodes, making it difficult for ordinary investors to detect the deception [1] Fraudulent Techniques - ARK Ark's fraud involved controlling the majority of computational power to create artificial forks at specific block heights, using "pseudo-chain" data to deflect community scrutiny [3] - This method allowed the project to secretly intercept user assets valued over $2.7 million, benefiting early large investors while diluting the returns for ordinary users [3] - In recent reward distributions, 41% of eligible users were illegally excluded due to data manipulation [3] Technical Complexity and Deception - The case highlights the deceptive nature of using technical complexity to execute fraud, making it challenging for ordinary investors to notice hash verification failures [5] - The project exploited the core characteristics of blockchain, such as immutability, to continue its fraudulent activities [5] - Security experts warn that hash verification anomalies often indicate complete control over the underlying technology, posing a significant threat to asset safety [5]

Core Viewpoint - The article discusses the emergence of a blockchain project named "Oladin Origin," which masquerades as a DeFi 3.0 initiative but is revealed to be a Ponzi scheme that has defrauded over 500,000 investors, accumulating more than 10 billion yuan in funds [1][3][21]. Group 1: Project Overview - "Oladin Origin" claims to create the world's first privacy-focused payment ecosystem and a comprehensive Web3 financial ecosystem [1]. - The project attracted over 500,000 members and raised more than 10 billion yuan within nine months, leveraging the reputation of the Olympus DAO core team [3]. - The project outlines a three-phase blueprint, including the use of the algorithmic non-stablecoin LGNS as a financial ecosystem's foundation [7]. Group 2: Mechanisms of Deception - The project employs a complex economic model with six contract systems designed to create an illusion of a closed-loop economy [7]. - It promotes a misleading "economic flywheel theory" that obscures its Ponzi structure [7]. - Users are promised high static returns through staking LGNS, with claims of a daily return of 1.2%, equating to an annualized return of 44% [10]. Group 3: Recruitment and Incentives - The project features a multi-level marketing structure, allowing users to earn commissions through a 15-level referral system [12]. - A strict membership tier system incentivizes users to recruit others, with potential earnings of up to 25% from team performance [13]. Group 4: Control and Manipulation - The project falsely claims that each LGNS token is backed by a stable asset, creating a false sense of security [17]. - The project manipulates token prices through automatic adjustments based on market conditions, allowing the operators to control the market signals [18]. - The design of liquidity and reserve bonds serves as a mechanism for the project to cash out while delaying token sell pressure [19]. Group 5: Warning Signs of Fraud - Promises of unreasonably high returns, such as a daily return exceeding 1%, are indicative of a Ponzi scheme [21]. - The reliance on a multi-level recruitment system is a hallmark of pyramid schemes [22]. - Lack of transparency in contracts and the anonymity of the team raise red flags about the project's legitimacy [23]. - The project employs deceptive marketing tactics, claiming to be an international initiative without substantial operational backing [24].