All trading platforms are requested to immediately stop promoting contract experience funds to college students

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ODAILY
04-14
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Recently, ETHPanda and LXDAO co-founder Brucexu.eth revealed on social platforms that some crypto trading platforms are issuing so-called "contract experience funds" to college students. These experience funds cannot be directly withdrawn, but if profitable, the earnings belong to the students; if losses occur, no repayment is required, and additional incentives are offered for showcasing high profits in social circles. From initial principal gifting to leverage stimulation and social propagation, this entire process precisely targets college students. This behavior is essentially not about contract knowledge popularization or user education, but a gambling inducement disguised as "financial enlightenment", precisely harvesting college students with weak risk awareness and insufficient financial management capabilities. Even though crypto trading platforms currently face user growth bottlenecks, this does not mean targeting college students as a business expansion breakthrough. Such behavior carries compliance risks and causes long-term negative impacts on industry image. High-risk financial instruments should not target college students. The precise inducement of young people after technology and finance merge is almost a global challenge. Whether in the US student loan system's structural design of excessive borrowing or internet financial products with rampant high-interest loans in countries like Indonesia and the Philippines, countless young people worldwide are trapped in debt. The article continues to discuss the historical context of predatory financial practices targeting college students and warns against similar tactics emerging in the crypto industry. It emphasizes that contract trading platforms should not exploit college students' lack of financial literacy and risk awareness. The text calls for action, urging users to: - Boycott crypto exchanges (CEX) implementing such practices on social platforms - Apply continuous public opinion pressure on companies using these market strategies - Encourage industry influencers and media to publicly expose and seriously criticize these harvesting methods

Only in this way can we force platforms to realize that a regulatory vacuum does not equate to a moral vacuum, and that the college student group should not become a breakthrough for industry user acquisition. If the industry truly seeks long-term development, it should first abandon growth methods that come at the cost of destroying a generation's future. This will not only fail to bring industry development or new highs in crypto asset prices, but will further stigmatize the industry and hinder its global compliance process, deviating from the true vision of crypto.

This is not the first time the industry has probed moral boundaries. Today it's experience gold for college students, tomorrow it might be "contract loans", or a "small amount high-frequency leverage recommendation system" tailored for young people newly entering the crypto. There will always be people designing traps specifically for young people who have not yet established risk awareness.

If we do not want to witness another "naked loan" disaster repeating in the crypto world, if we do not want to see young people being cultivated into gamblers, we must start acting now and resist such behavior. If platforms continue to turn a blind eye, we will unite with more KOLs and media to continuously expose this until it is completely terminated.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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