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].

Core Viewpoint - The company "Origin" (奥拉丁) is heavily criticized for its questionable legitimacy, operating model, and marketing tactics, which resemble a Ponzi scheme [2][12][14]. Group 1: Company Operations and Marketing - Origin claims to have a mysterious background and emphasizes its "dark web origins" as a selling point, which raises significant doubts about its legitimacy [2]. - The company has rapidly gained over 500,000 users within six months, boasting daily trading volumes exceeding 10 million and unrealistic returns of 0.9% daily and 30% monthly [3]. - The marketing strategy includes promoting "137 smart contracts," which are essentially automated systems designed to exploit investors [3][14]. Group 2: Financial Practices and Risks - The company's financial practices are characterized by high returns that are unsustainable, relying on new investors' funds to pay returns to earlier investors [16]. - There have been significant drops in token prices, with the price of LGNS falling from $24 to $16, and a large amount of tokens being controlled by a small number of addresses [16]. - The company has implemented a 99.99% sell fee on smart contracts, effectively trapping investors' funds [16]. Group 3: Investor Behavior and Community Response - Many investors are drawn into the scheme through promises of high returns and are encouraged to recruit others, creating a classic pyramid structure [16]. - The community has seen leaders disappear after cashing out, leaving many investors in distress [16]. - There is a strong warning against engaging with such schemes, emphasizing that legitimate projects do not require aggressive recruitment or promise guaranteed returns [17].