What does Gongxinbao do (Is Gongxinbao a scam)?
What does Gongxinbao do? According to official sources, what does Gongxinbao do?
What does Gongxinbao do? According to official sources, what does Gongxinbao do?
According to the announcement, Gongxinbao (TrustWallet) is a credit information sharing platform based on blockchain technology. Gongxinbao is a service system that provides data security and privacy protection for enterprises. It ensures the security of user identity and personal information through encryption algorithms and smart contracts. At the same time, during the process of digital asset transactions, it records user on-chain behaviors through technical means and ensures their immutability and traceability, thereby reducing the operating costs of enterprises and allowing users to conveniently obtain their financial statements.
Is Gongxinbao a scam?
Gongxinbao is a blockchain-based digital currency investment application platform that allows users to purchase cryptocurrencies through mobile phones or PC without relying on banks and financial institutions. According to the introduction, its products include “Xiaobi Wealth Management” and “Xiao Zhi Wallet”, etc. However, it is worth noting that “Xiaobi Wealth Management”, which involves buying a virtual asset with Bitcoin and then transferring it to another account, and then using these coins for transactions or exchanging them for stablecoins, is suspected of fraud.(Interchain Pulse)
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