GuShiio.com One of the most heated questions in this round of industry discussions is why the previous bull market clearly opened up the imagination for application diversity, but this bull market has returned to hype? But what if the problem itself is problematic? If the ideas brought about by the last round of bull market were just the illusion created under the premise of infinite quantitative easing, wouldn’t so-called Native applications such as DeFi and NFT be the answer for Web3 to continue?
Author: Exclusive interpretation of Techhub
Author: Babywhale, Techhub News
After Trump, the “presidential coin issuance wave” that the market has been waiting for has welcomed the first participant. At around 7:00 Hong Kong time today, President Faustin Archange Touadra of the Central African Republic tweeted:
Today, we launch CAR, an experiment designed to show how something as simple as meme can unite people, support national development, and bring the Central African Republic to the world stage in a unique way. Contract: 7oBYdEhV 4GkXC19 ZfgAvXpJWp 2Rn 9 pm 1Bx 2cVNxFpump.
Since then, the president added,”As the second president in the world to adopt Bitcoin as legal tender, I have always recognized the potential of cryptocurrencies and their benefits globally,” attaching a website for the Meme token. According to Lookonchain monitoring, an address bought a large number of CAR tokens within one second of the president’s tweet.
Slowfog founder Yuxian also said on X that the official website announced by the South African President could not be opened, and the domain name of the website was registered on Namecheap four days ago. The funds of the token creators come from Binance, and nearly 80% of the tokens are mainly distributed at 6 addresses related to the creators. In addition, Cosine also reminded that the official website marked by GMGN for CAR carries the virus, and users may accidentally infect their computers with the virus.
As the second country after El Salvador to use Bitcoin as legal tender, Central African countries and countries have not received much attention. Various sources show that the Central African Republic is one of the poorest countries in the world.
Perhaps national conditions can explain the rough process, and given that the account did not take any action to refute the rumor several hours after the tweet related to the Meme token was released, it seems that this matter may indeed be true. According to GMGN data, the token was quoted at around US$0.34 at the time of writing this article, and hit a high of around US$1 today. The time it was marked as DB (Dev Buy) by GMGN was also about 5 minutes after the tweet was released.
However, I still need to remind readers of the risks. Jupiter co-founder meow said that he has contacted the team that deployed the CAR, but still cannot confirm that the token was actually officially launched.
Maybe Web3 was heading in the wrong direction from the beginning?
One of the most heated questions in this round of industry discussions is why the previous bull market clearly opened up the imagination for application diversity, but this bull market has returned to hype? But what if the problem itself is problematic? If the ideas brought about by the last round of bull market were just the illusion created under the premise of infinite quantitative easing, wouldn’t so-called Native applications such as DeFi and NFT be the answer for Web3 to continue?
“Whether the direction was wrong from the beginning” is a question we need to think about now. When all projects point to high returns, the prerequisite for continuing to play and dance is a steady stream of new funds. But the reality is that the industry is now full of sickles, and there are almost no enough leeks. The myth of making wealth has not attracted enough users, but it has really attracted enough service providers selling shovels and people who use convenient tools to save money.”Smart people”.
While many people think that Web 3 is different, those disasters that have occurred in the Internet and financial fields due to infinitely amplified greed seem to be repeated in Web 3. Unlimited issuance of “useless” assets was not the original intention of blockchain, but PvP will continue, and the bubble will always burst later than expected, but now the time seems to have arrived to think about what the next version of the answer will be.
