Coin World News Report:
Author: Christian2022, NDV Partner Source: X, @Christianeth
No more spraying Blast or looking at the coin price. Let’s analyze rationally the seven sins of the highly acclaimed genius Pacman:
Missed the best token issuance timing
Back in March, when the market was good, if the token was issued in sync with the mainnet, everyone could have made substantial profits. Even locking up large holders wouldn’t have been a problem. However, after three months of delay, the market value expectations have actually decreased, and OKX and BN are not supporting it anymore.
Insufficient technical capabilities
Lack of infrastructure development (Infra) has resulted in the inability to keep up with the basic requirements. The initially considered decent yield model was later found to have poor user experience even in the cross-chain bridge. Exchanges cannot directly withdraw tokens, and retail investors are also unable to participate.
Endless PUA (Pick-Up Artist)
From PUA in March to PUA in May, from May PUA to the end of June, now it turns out that we have to endure PUA for another six months. Although Pinduoduo also engages in PUA, it has indeed created value and a good user experience. But what is this financial pyramid playing at?
Lack of liquidity awareness
Perhaps because he has never been involved in traditional DeFi and is not a large holder (although now he has earned a fortune), this point has been mentioned before.
Lack of contractual spirit
Offending all the large holders directly. Large holders are the most important group in the cryptocurrency circle, even though their numbers are small. They are the key factors that support the coin price and liquidity of the ecosystem. People like me, who would directly buy millions of dollars worth of altcoins for the sake of a dream, have far more value than a hundred small retail investors or bots.
Insufficient decentralization of gold distribution
Although relatively decentralized, it is still tied to a small interest group. Although I am an investor in some of these projects, this means that the quality of the ecological projects cannot keep up with organic development in the long run.
Lack of responsibility
From a personal perspective, he is arrogant. He contacted me to schedule a call for feedback, but he didn’t show up at the agreed time (at that time, it was 1 a.m. in China). I waited for an hour, sent messages but received no reply, and there was no apology afterwards. I find this behavior puzzling. Regardless of how important I am to him, basic respect should be present, right?
In conclusion
There are actually many more problems, but I don’t want to say more. Investment is nothing more than understanding people, and we have all been “scammed.” I admit that I am not good at it. Many signs could have been seen early on, and it was my own logical framework and tendency to believe that led me to make mistakes. The coin may rise, but I won’t eat shit anymore.
