The most lively day in March has ended. Let’s look at the next hot narrative.

1. The halving market started again yesterday, and the DASH halving is relatively close. The focus is still on the LTC halving market (DASH is expected to be on June 22, LTC is expected to be on 8.3)

2. The next king airdrop after ARB should be ZK. You can focus on the ZK series of low market capitalization coins and make an ambush. They are both on the L2 track, and their popularity will not be much lower than ARB.

In addition, the popularity of Arb has passed, but the value has not. If it falls, you can continue to buy it in batches and stock up until the bull market. As the leader of layer 2, it will not be bad in the future.

ARB can place orders in batches at the 1 integer mark and the three positions 1.1-1.2!

The layout of the second floor that has been mentioned has also begun to move. For example, celr is very strong. On the second floor, I hold two currencies, lrc and celr.

Because arb has issued coins, the only ones that can be hyped in the future are the zk series, and zk will definitely be the next hot spot.

Ether stands firm at 1800, and the pie stands firm at 28000. We continue to cover positions strongly, but this wave of stagflation copycats

1. Don’t chase what has already been pulled up. There is a risk of a short-term correction.

2. Plan as early as possible, don’t wait until everyone is up before you start taking action

3. Once ether and pie fall below the key position and cannot be recovered (effectively below), direct stop loss protection

4. The picture is the rhythm of the copycat season, the big pie sucks blood--Ether pull plate--mainstream coins--air

Do ARB tokens have any value?

Let me remind you again: a good project does not mean a good price. When we invest in a project, we must not only look at the quality of the project itself, but also the price of the token.

I hope everyone will learn from CRV’s mistakes.

Token empowerment:

Most of the tokens in current blockchain projects have specific functions. For example, ETH and MATIC are not only assets used by system nodes to mortgage when participating in transactions and block verification, but also fuel consumed by users when using the system.

In these systems, tokens are fully empowered, so their value can be demonstrated and paid for by the market. They are an example of token economics in the crypto ecosystem.

The easiest and safest approach for the Optimism team at the moment is to design OP as a governance token without giving it any practical use.

I think this logic also applies to ARB, as well as Scroll, zkSync and StarkWare, which are likely to issue coins in the future.

However, theoretically I think this area is very likely to change in the future, because there is a basic logic in it:

If these second-layer extensions want to develop healthier and safer in the future, they must take the path of centralization and introduce tokens to large-scale nodes (such as sequencers, state validators, etc.) in the system for staking.

If the assets pledged as nodes have no value, then the security of the system is in jeopardy. To make pledged assets valuable, the most ideal empowerment is to be consumed as fuel.

So although this is not ideal at the moment, we can still look forward to it in the future.

Now the US SEC is targeting Ethereum and is dealing with Ethereum. In the future, when Ethereum has a compromise solution that is acceptable to all parties, these second-layer extensions including ARB’s token empowerment may be able to clear this regulatory obstacle and begin to move towards practice step by step.

Having said all this, does it mean that ARB’s tokens are completely unable to empower now?

I don't think so. It can take a roundabout approach.

Because users have to submit ETH as handling fees in Arbitrum, part of these fees are used to pay fees to Ethereum, while the other part is retained by the team. The team can completely use part of it to repurchase and destroy ARB.

This seems to be a more compromise solution to token empowerment.

In short, I am optimistic about the Arbitrum ecosystem. I am even more looking forward to zkEVM and Scroll, which I was originally more optimistic about. I hope they will work harder. Otherwise, once the opportunity passes, it will be useless.

Potential coin in April: Cfx

Today I’d like to talk to you about Conflux, the leading concept coin in Hong Kong.

In mid-April, Hong Kong will host the web3 Carnival. Before the arrival of the Hong Kong Carnival, many Hong Kong concept coins have skyrocketed, attracting widespread attention. Today I would like to analyze and discuss Conflux, the leading concept currency in Hong Kong, and its token CFX.

Conflux was established in 2018. It is currently the only legal public chain in China. Like Ethereum, it also belongs to Layer 1. In terms of background, conflux cooperated with the Shanghai Municipal Government to establish the Tree Map Research Institute. The founder and many team members came from the Yao Class of Tsinghua University and have strong technical capabilities. Conflux is also a chain with outstanding performance among the current POW-based public chains.

What is the current ecological performance of Conflux?

In general, Conflux’s current ecological applications are not particularly big, and there are no hit products yet. The current ecosystem of conflux includes defi, exchanges, wallets (fluent, anyweb), infra, NFT platform (Taopai) and so on.

Maybe it’s because it is the “first legal public chain in the country”, and its advantages and disadvantages all have obvious regional characteristics.

It can be seen from the trend of Conflux’s token CFX that many of Conflux’s key nodes have had a considerable impact on the price of CFX. For example, on February 15th, Conflux announced its cooperation with Telecom - a blockchain-based SIM card was signed. According to the agreement, the currency price rose to 600% within 6 days.

Including Conflux’s proposal to cooperate with Jay Chou two days ago, Jay Chou launched a limited edition music metaverse at Conflux with a limited-time NFT ticket experience, which also aroused heated discussions among netizens.