Is Beihai 69800 a pyramid scheme?

Beihai 69800 is the most typical pyramid scheme. No matter what the name of the pyramid scheme is, it will eventually be required to pay 69800 or its multiple as the admission fee. This is illegal. Beihai government banned and cracked down severely, saying that 69800 was a big deal and profitable. Don't be deceived, let alone deceive yourself and others.