Chapter 504 Super Pig Butchering Scam



To motivate merchants, you can offer them points, allowing them to accumulate more points to purchase goods from their next-level distributors.

Once it's all laid out, it'll be a massive conspiracy.

The points returned won't be given to you all at once. Both merchants and consumers have to wait and see, receiving a little bit each week to keep you hooked.

If you deposit 100 yuan, the points will be distributed over 100 weeks. It will take about a year to fully repay the points.

Merchants' cycles will be longer, and although the points may seem fewer, the volume is large. With weekly shipments and accumulation, each time points are awarded, there will be more than ten points.

Okay, so here's the problem: it needs to create an atmosphere of anticipation, a beautiful, unattainable hope. In reality, consumers never have enough points. Yes, points shouldn't be used for more than one purchase; a single redemption is merely to enhance consumer trust in the points system.

The time frame is extended, and the money from the latter is used to compensate for the points redemption of the former. Increasing the points for the latter only prolongs the time frame. Within two to three years, the first batch of people will have already profited. These people may be eliminated, or they may remain in the points pool due to greed, eventually ending up with nothing.

When points can circulate locally and be used as currency, if you don't act now, the central bank will be unhappy and will definitely crack down on you.

Before you can participate, you need to monetize your points. This requires inflating the value of those points to make them an investment.

How to attract people? Since we can't advertise, we can only rely on people with points to bring in others to take over.

At this point, the points will be linked to currency, and once linked, it will be similar to speculating in foreign exchange or stocks.

Once it gets to this point, your own people absolutely mustn't be greedy. Cash out as much as you can and run!

This is what's known as a super pig butchering scam. Because this tactic is so ruthless and insidious. What's even more terrifying is that the perpetrator's eccentric temper meant he would even harm his own people; he became completely uncontrollable in the later stages!

Many more people will be ruined and burdened with debt as a result. The poor simply cannot afford this; only the middle and upper classes with accumulated wealth can afford it and play it in more sophisticated ways.

When Xing Baohua finished explaining the model, everyone was shocked. Everyone said that Brother San was a scoundrel, but he was only superficially scathing. Xing Baohua was completely ruthless.

"Brilliant, absolutely brilliant, Mr. Xing! I'd like to toast you! Your move is truly admirable, a brilliant move indeed! From this day forward, I, Old Song, will drink with you!" With that, the Wenzhou businessman surnamed Song stood up, gave a thumbs-up, and held up his wine glass with an expression of adoration.

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