GuShiio.com Everyone knows that it is toxic, but they will still have a sip: Pump-style MEME-based asset issuance method.
I wonder if you have thought about what the “original sin” that caused the corpses everywhere in this chain was? The answer is that everyone knows it is toxic, but they will still take a sip: Pump-style MEME-based asset issuance method.
Initially, Pump-style internal and external market start-up model allowed many P players to win a higher probability of investment multiples by sitting, trial and error, etc., coupled with the Fomo amplification effect of market sentiment after running out of the external market, Pump issued assets The method once became mainstream.
However, if you succeed, you will Pump, and if you fail, Pump’s method of issuing assets is essentially:
1) It is a short-term industrial assembly line coin issuance. This coin issuance method focuses on standardized operations, low threshold access, and rapid mass production. This results in most project issuance without complete project planning, let alone technological innovation and product implementation., the main focus is on batch production, which is broken and reproduced again.
If this continues, the “project party” of issuing coins will become the absolute upstream of the liquidity harvesting assembly line, while the downstream investors will become “chips” and will always be like headless flies, falling into a vicious circle of losing everything they buy and doing everything they buy.
2) It is a deconstruction of the past “technical narrative”. There were also some MEME tokens with no practical significance in the last two cycles, but the mainstream market is still advocating technical narratives with decentralized ideas, from the high-performance battle of pursuing TPS in layer1, to the Rollup public chain construction for the purpose of expansion in layer2, to the iteration of technical narratives such as modularity, account abstraction, chain abstraction, Staking, Retaking, etc.
Although it is too weak in the end when it comes to application, these narratives have a considerable period of market competition and digestion, and their own technological innovation, team strength, operational accumulation, etc. will become value evaluation indicators in the process. At the same time, Airdrops, Grant ecological contributions, project horizontal and vertical cooperation, etc. are all sufficient and suitable for long-term Build’s value preferences.
However, after Pump, MEME’s nihilism completely changed the industry ecology. Market participants no longer believed in the power of technological innovation, or even pursued the long-term PVE growth concept. Instead, they were just a zero-sum game of PVP in the short-term interest dilemma., destroying the technological innovation value system on which the currency circle relied.
3) It is an over-reliance on the Fomo economy. Originally, Crypto’s vertical subdivision narrative had different communities, and each track had a certain layout of funds and users. However, when the project exploded, users ‘attention It will be severely torn and scattered, and almost everyone’s cognition and decision-making will be abstracted into: When CA, brainless.
This will lead to attention hype becoming the core focus, while the cabal that is good at processing and manipulating poor information will become the mastermind behind the scenes. In the long run, most users in the market will be forced to lose their holder mentality and have no choice but to become idle young players, competing with the bankers and eating their youth. However, the project party has had to endure huge selling pressure since TGE, creating a vicious cycle where TGE is the peak. Alas.
How to break the situation? To put it simply, there is actually one path: embrace VC institutions to enter the market and provide the foundation for early innovative technology; attract innovative regular army team layout to bring true value creation; linearly release chips to lengthen the project’s life cycle; cultivate long-term A Community with a mind and so on.
It sounds simple to say, but it is not easy to advance. The market requires a long cycle of natural evolution.
Just as I said at the beginning, Pump is toxic, but most people don’t want to admit that it is toxic, and they can’t help but take a sip because what it captures is human greed, speculation, and profit-seeking.
