Today, I'm here to analyze the "华英会" (Huaying Club) project for everyone. I believe those who are interested in the Huaying Club project and those who are currently participating in it will have a sudden realization after reading my analysis: so that's how it is.
This analysis is comprehensive, covering the operational logic of the Huaying Club project. Of course, I have also downloaded the app for this project, registered an account, and explored it. I have also encountered some withdrawal issues and account restrictions in various online guilds. This involves some basic principles of economics and the principle of "cutting leeks". I will try my best to explain these principles in simple and understandable terms.
The main purpose of this analysis is to remind participants to cash out and those who are considering participating to stay away. If you are a member of a Huaying Club guild, I hope that after understanding my analysis, you can share this article objectively in your guild. Your actions undoubtedly punish the evil and promote the good, revealing the true face of the Huaying Club project and leading other participants to turn back. The result of any speculative project in history is undoubtedly a process where a few people benefit at the expense of the majority. Ultimately, it is the few who have foresight and insight who make money. The majority of participants will end up paying for their incompetence and bearing the cost. And the majority of these people are likely to be middle-aged and elderly individuals. On one hand, their ability to react and understand is not as good as that of the younger generation (they lack foresight and are often the last ones to join). On the other hand, many of them are taking a gamble with their retirement savings or years of accumulated funds. It is worth noting that the capital plate project mainly targets this large group of retirees. China has a relatively large aging population, which is why capital plate projects continue to thrive in our country.
The Huaying Club project focuses on buying pictures and pledging them for interest. It can hardly be considered an NFT. NFT pictures are unique, while the pictures in this project can be printed indefinitely by the project party. The reason why they dare to call it an "NFT" is because the majority of participants are middle-aged and elderly individuals who don't have the time to slowly understand these things. As long as they can invest money and make money, it's enough. In other words, the pictures in the internal plate of this project have no value. The value lies in the continuous influx of new funds, either through the exchange to buy U and transfer it to the internal plate, or through the internal personnel (U merchants) in the internal plate app to buy U and enter the game. In the end, what you are playing with in the internal plate is a bunch of digital "happy beans". At this point, someone might ask, why can many of them withdraw the "internal plate digits" to the exchange or wallet? That's because the amount they withdraw is relatively small, or their guild (or group) still has some newcomers bringing in real money. Do you understand? If the amount withdrawn by those who want to cash out exceeds the amount brought in by newcomers, do you think the project party will allow you to withdraw? Whether or not you can withdraw is entirely up to the project party. In addition, many participants mistakenly believe that they can directly receive the internal plate digits in their wallet address or exchange account through withdrawal. In reality, the process is as follows: apply for withdrawal -> the project party manually transfers the corresponding amount of U (real money) to your wallet address or exchange account. The U that arrives in your account is hard currency that can be directly circulated in the exchange. Your internal plate U is just a bunch of imaginary numbers. Therefore, if there are always new users joining your guild, the withdrawal application process will go smoothly because there is a continuous influx of new funds, and the project party has no reason to intentionally block your withdrawal application. Secondly, from the perspective of the project party, they prefer you to trade within the internal plate rather than cash out through withdrawal. If you cash out through withdrawal, the project party needs to use U (real money) from the exchange to transfer U to you. However, if you all trade with each other within the internal plate, the project party doesn't need to spend any money because you are digesting this bubble yourselves. New entrants buy chips (internal plate U) from their uplines, or those who need to increase their positions buy chips (internal plate U) from other members and then pledge them for higher-priced pictures to earn interest. The same logic applies in reverse. Those who want to cash out transfer U within the internal plate to others to realize their cash out. In this way, you have completed the process of "cashing out and increasing positions" yourselves.
The project party's strategy is indeed clever, but unfortunately, many participants cannot see through this logic! Let's talk about another issue. What the project party is doing now is encouraging everyone to continue reinvesting. The amount of internal plate U required to pledge for the collection (picture) keeps increasing, while the returns and pledge periods are also getting longer. This is to create bigger illusions for you. Firstly, by increasing the amount of internal plate U required for the collection, it allows more of the U in your app account to be reinvested, reducing the need for you to cash out (through withdrawal or selling to others). This creates an illusion that internal plate U is in high demand or in short supply because many participants think that if they continue to pledge for another three to five months, they will have more internal plate U, and they can cash out later. This is an extremely foolish and hopeless idea. They fail to realize that in the end, everyone will have a large amount of internal plate U (principal U plus the high returns U), and by then, everyone will understand that they should cash out. After all, a bunch of digital numbers in the internal plate is not tangible. The internal plate U is not equivalent to the U in the exchange. The U in the exchange is hard currency, while the internal plate U is just a pie. The higher the returns and the longer the pledge period, the more the project party is delaying the bursting of the bubble. Although the bursting is delayed, the result will be that more people will have a large amount of internal plate U that they can't get rid of because they can't find newcomers to take over. Haha!
There is another issue. If everyone doesn't apply for withdrawal, the project party shouldn't restrict or block your account login. However, the situation is not like this because each guild has some internal personnel from the project party who hold a bunch of internal plate U and are constantly selling within the guild. So even if you don't apply for withdrawal and only trade within acquaintances, the project party will still decide whether to restrict your line based on the market development of your guild. Just imagine, if a group in a guild doesn't have any fresh blood coming in, the internal personnel in that group will not find anyone to buy their internal plate U (because everyone has a bunch of U). This will eventually lead to a situation where everyone is eager to find a way to cash out their U. In that case, it's better to simply find a reason to restrict that line, haha. I believe that through my analysis, those who are involved in the Huaying Club project or those who are planning to participate will have a clearer understanding. Previous doubts have been dispelled. Finally, I want to say, stay away from capital plate projects. The essence of such projects is that the majority of people (those who join later) pay the bill.