According to the reports of relevant media and netizens, Whale Earning Yuanbao is an App similar to pyramid schemes or pyramid schemes, which has many problems and risks. On the one hand, the mode of whale earning gold ingot has obvious pyramid selling characteristics, that is, income is obtained through recruitment and development of offline products, rather than through normal product sales. The risk of this model is that when the number of recruiters reaches a certain number, the offline income can not be continuously increased, which is easy to cause economic losses. On the other hand, whales make gold ingots with false propaganda and fraud. According to reports, the slogan of the platform is "Do the task, earn the ingot in one step", claiming that users can earn the ingot by completing various tasks, convert it into cash or buy gifts. But in fact, it is difficult for users to convert ingots into cash or even physical gifts after completing the task. In addition, there are still false advertisements and suspected fraud on the platform, which requires vigilance.