User:Anon.ai.io/sandbox
ZPOIN or Zeecash - A Cambodia-Scammed Virtual Currency
[edit]What is ZPOIN or Zeecash?
[edit]ZPOIN or Zeecash is a virtual currency created by Zillenium Group or Z1 Group without any asset-backed, a conglomerate group of Real Estate companies in Cambodia. It is the virtual contract that is issued without any value and maturity for settle the debt of the Group to the third parties stakeholder within and out of the ecosystem.
How ZPOIN or Zeecash operating?
[edit]Illegally operates in Cambodia, ZPOIN or Zeecash has been issued out without any support from the government and regulation, means it is operating without any proper licenses from the Regulators. These result in the unprotection of the stakeholders that receive any debt payment in the form of this scam virtual currency.
How ZPOIN claim?
[edit]Z1 Group cliamed that the value of ZPOIN equivalent to the value of the US dollar, means that the stakeholders able to cash out ZPOIN by bank by transferring the ZPOIN to a wallet or account, then a member from the Group will transfer the amount in US dollar by bank such as ABA Bank or other bank in Cambodia.
What is the mechanism behind the issuance of ZPOIN?
[edit]Z1 Group does not disclose any mechanism of ZPOIN, means that it has no clue that the stakeholders could realize the solvency risk of the conglomerate group of business unless it is exploded. Meanwhile, a lot of excuses has been given by the member of the Group whenever the stakeholders unable to cash out the zero value scam virtual currency.
What are uses case ZPOIN?
[edit]2 types of ZPOIN has been introduce to the public; Main balance and Loyalty balance.
1. Main Balance could be in the form of Debt or Salary, which the group has difficulty to settle or cash out since 2022.
2. Loyalty Balance can be converted from Main Balance with additional 30%, using for spending within the Ecosystem of this conglomerate group.
Example: 1 Main Balance = 1.3 Loyalty Balance.