I’m completely immune to the flashy “new user count” on TermMax reports. Instead, I’d rather peel it back and see this: once everything has settled, how many real people are still actively running fixed-rate lending.
Recently, an agreement coordinated with our Binance wallet to run a user-acquisition campaign, handing out 5 cross-chain, on-chain and off-chain tasks in one go. The playbook is one we all know—use expected returns as bait, trying to convert onlookers into customers. The awkward part is this: when people do these operations, do they actually care about the interest, or is it just that little bounty? The campaign only kicked off on August 17, and the token issuance node comes as early as August 25. Such a short window simply amplifies speculators’ mindsets to the extreme. $BTC
What I’m most stuck on are the mismatched figures. We all know assets on a public chain are like the money in your wallet—plain and simple. @TermMax boldly announced that the address registrations had broken 1.5 million, daily active users hit 90,000, and the scale surpassed $90 million; however, what external checks found for the actual locked-in amount was barely over $31.28 million, and it even dropped 7.1% recently. Let’s not argue over whose numbers are full of water—if your traffic pool really is at the million level, then to disprove it, you can’t just look at how many people “checked in.” You have to see who truly keeps the funds, generates repeat usage, and really deposits capital.
Operational events in this space are too easy to turn into self-congratulation: everything looks like blazing fire from the outside, and the task metrics look shockingly good. But once the funding stops, people disappear and the place is empty overnight.
The real judgment day is after August 25. I want to see whether these addresses that were “pumped” in via promotion will produce genuine deposit-and-borrow behavior. If funds can be retained, then this marketing spend is worth it; but if they run as soon as the market opens, what’s the difference from paying a high price to rent day-one extras for a day? Brothers, what do you think about this conversion rate? #TermMax
Recently, an agreement coordinated with our Binance wallet to run a user-acquisition campaign, handing out 5 cross-chain, on-chain and off-chain tasks in one go. The playbook is one we all know—use expected returns as bait, trying to convert onlookers into customers. The awkward part is this: when people do these operations, do they actually care about the interest, or is it just that little bounty? The campaign only kicked off on August 17, and the token issuance node comes as early as August 25. Such a short window simply amplifies speculators’ mindsets to the extreme. $BTC
What I’m most stuck on are the mismatched figures. We all know assets on a public chain are like the money in your wallet—plain and simple. @TermMax boldly announced that the address registrations had broken 1.5 million, daily active users hit 90,000, and the scale surpassed $90 million; however, what external checks found for the actual locked-in amount was barely over $31.28 million, and it even dropped 7.1% recently. Let’s not argue over whose numbers are full of water—if your traffic pool really is at the million level, then to disprove it, you can’t just look at how many people “checked in.” You have to see who truly keeps the funds, generates repeat usage, and really deposits capital.
Operational events in this space are too easy to turn into self-congratulation: everything looks like blazing fire from the outside, and the task metrics look shockingly good. But once the funding stops, people disappear and the place is empty overnight.
The real judgment day is after August 25. I want to see whether these addresses that were “pumped” in via promotion will produce genuine deposit-and-borrow behavior. If funds can be retained, then this marketing spend is worth it; but if they run as soon as the market opens, what’s the difference from paying a high price to rent day-one extras for a day? Brothers, what do you think about this conversion rate? #TermMax