A friend in my group mined more than 20,000 COREs in the past two years. He unlocked more than 5,000 this time and sold them yesterday when CORE was launched on major platforms and was still a hot topic.
I picked up 30,000 US dollars for free, which is nearly 200,000 yuan. It was really free money.
What is CoreDao?
CoreDao is a scalable, secure, decentralized blockchain project and the official decentralized organization of the Satoshi ecosystem.
Satoshi is a mobile phone mining project for Nakamoto, which was launched two years ago. Players download the client, register, select the region, and perform face recognition. After completing the information, they can start mobile phone mining.
You can calculate the computing power by yourself, or form a team to improve the computing power, and participate in the project computing power contribution to obtain airdrop qualifications, that is, to mine CORE tokens.
On January 14, the Core mainnet was launched, and airdrop rewards were launched for early Satoshi mining users. A total of 525.6 million COREs were airdropped in this round.
The airdrop amount for each user is 25% of the current mining CORE amount, and the remaining 75% will be unlocked every month within two years.
After CORE was launched on multiple platforms yesterday, its initial price was $0.03. It once rose to a high of $6.9 and has now fallen back to $4.2.
Some people saw the hot opportunity and bought CORE when it first went online, buying at $2 and selling at $5, making a 2.5-fold profit; some people bought at 5.9, and now looking at the price of 4.2, they don’t know whether to cut their losses or continue to wait.
CORE is popular when it first goes online. When there is a hot spot, there is traffic and liquidity, and the rise and fall are also very rapid. How long it can last after the hot spot passes depends on the overall market environment.
In other words, in the second round of airdrops, players who are about to withdraw their coins don’t know how much profit they will have left.
If the projects of CORE public chain ecosystem become more and more perfect and the products on the chain become more abundant, the value of CORE will be greater in the future, but it is all uncertain. At any time, if you can bear the return to zero, choose the corresponding participation method.
What are the risks of mobile phone mining?
When Chuxiaochain first entered the circle, I often saw many people sharing mobile phone mining projects in the group and forming teams to improve computing power.
However, most of the mobile phone mining projects have come to nothing, and less than 1% have survived to the present and become popular.
In the early days of Bitcoin, any computer or mobile phone that could run a program could mine BTC. As mining machines continued to improve, personal computers were basically no longer able to mine.
Mobile phone mining is a way of playing blockchain projects. It is possible that a certain project conducts mining by running a specific program on a mobile phone, but many of them are scams.
There are also some malicious codes that may steal mobile phone information, causing certain risks. Another popular project, Pi Network, is also mobile phone mining, which has a wide range of consensus around the world.
Those who accept it are unwavering, while those who don’t accept it sneer at it. It is not clear what problem Pi solves specifically; the debate about whether Pi is a Ponzi scheme has never stopped, and there is no clear definition yet.
We can only wait for time to tell how the market will eventually reveal itself.
I don't understand or appreciate these mobile phone mining and deep CX projects, and I haven't done any in-depth research. Now I have missed the opportunity to make money and I am slapped in the face again. If you are interested, you can also send a private message "mobile phone mining" in the background to get the official website of Pi and Core and learn how to play.
In the blockchain market, value discussions often come later. Only with traffic and consensus can there be room for growth; only with growth can there be a wealth effect and continued spread; but after the growth of most traffic projects, they end up returning to zero.
Those who entered the market early made money, but those who took over had almost no chance of making a comeback.
The gameplay of blockchain and traditional projects is different. In the stock market, the rise and fall trend of a stock is measured by looking at the comprehensive strength of the company behind the stock, such as the team, products, market feedback, and opportunities in the external environment.
In the current crypto market, future value considerations are not the primary factor. What matters most is market heat and the level of consensus.
For example, when the FTX central platform collapsed, decentralized wallets and tokens skyrocketed; when ChatGPT AI was discussed by the whole nation, the tokens in the AI concept sector skyrocketed.
But each time the excitement is short-lived, and only a small number of people can catch it.
If you can understand and follow the projects, participate in them to learn about them; if you don’t understand, it’s okay not to follow them.
Don't envy other people's luck, and don't chase highs when the market is boiling. It's not fun to be trapped. Wait for the next opportunity.
The above is just my personal opinion, not investment advice. I am Chu Xiaolian, and I am paying attention to the Metaverse and web3.