I believe that many newbies or old leeks who have just entered the industry have heard of these words, Pixiu, matryoshka, and joint dominance.
In addition to trading, Chi Ge chose to write an article about tips on preventing fraud in the currency circle.
This year’s narrative, in addition to the doubling of BTC, recently there was Aidoge, then Pepe, and then Ordi’s myth of getting rich. There are always a small number of people who made the first hundred times or even percentage of this year with a very small amount of funds. A thousand times profit. They show off their profits overtly and covertly. Some big guys just record their investment records, while others show their positions with good intentions. I plan to issue some tokens myself to gain fans and users who trust me.
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The most taboo thing in the investment field is FOMO. When the market rises unilaterally, many people continue to short-sell in some positions because they miss the opportunity to go long and buy at the bottom. There are also people who miss some early opportunities for primary market tokens and continue to buy. Enter various Dogecoins, here is the definition of Dogecoin: (worthless, community tokens issued by some unscrupulous communities and those issued by individuals: tokens that can only be bought but not sold, the following content is collectively referred to as Dogecoin) .
While some ill-intentioned people are showing off their positions, they will also build their own fan base and tell their fans in a beautiful way that if there are primary market tokens that they are optimistic about in the future, they will share them with users as soon as possible. , everyone is responsible for their profits and losses, so in fact, it is paving the way for them to issue a certain token and harvest it. I believe you can already name a lot of “teachers” in the comment area here, so feel free to comment~
Back to the main text, how to be brave.
Pixiu usually refers to those tokens in the primary market, which can only be bought, not sold. At this time, they will ask novices to register certain decentralized wallets. This token may be issued on uniswap of ERC20 (Ethereum chain), or it may be issued on pancakeswap of BEP20 (bsc Binance chain) (commonly known as gambling). exchange), may also be issued on ERC20 (Ethereum chain) sushiswap (commonly known as sushi), or may be issued on this year’s star public chain: ARB. In short, this kind of tokens are issued on decentralized exchanges. above. Remember: anyone can issue their own tokens on a decentralized exchange! The threshold for issuing coins is really very low now. There are even some tools for issuing coins.
After the tokens are issued, it depends on the degree of harvest. If some teams want to harvest larger funds, they will conduct a certain amount of publicity and find KOLs on Twitter to publicize the project. When you see a When a large group of KOLs are announcing the issuance of a certain token, then you should not do any FOMO. This kind of common saying goes fast. Maybe you have just entered and your transaction has just been uploaded to the chain, and the token pool will be Withdrawn. Or some whitelists have been set, and you can only buy but not sell. Only whitelist users set through smart contracts can buy and sell normally. This is the so-called Pixiu token.
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Matryoshka doll
Matryoshka dolls come from a Russian toy. The name is a large model toy with a small model toy inside, layer by layer. Finally, you find that a model toy can actually have ten or twenty layers. .
So how do you cheat in the operation of tokens? Usually the simplest way is for the project side to claim to have been hacked. The project side here is not those projects that have tokens listed on major exchanges, but It is a project only listed on decentralized exchanges. Or just some Pheasant Exchange projects have been launched. At this time, when the token pool has a certain base and it is not easy to run away, then it will be self-directed and announced as Project 2.0, or the smart contract will be hacked, and then let everyone map the second token. After mapping the token At the same time, there will be a series of gameplay methods. For example, the most common one is to let everyone become nodes. Let you spend another 100,000, 200,000, or even 500,000 to form a node, and let all 1.0 victim users go to your node to mine, thereby creating a pie project 2.0. After 2.0, yes, there will be 3.0, 4.0 and even 5.0. This is the matryoshka doll play. In the end, they didn’t cut you off. It’s because you couldn’t wait to get your money back, and you couldn’t wait for the future explosion, so you left at a loss~😆So for basic nesting doll projects, there will be a lot of publicity costs in the early stage. Indeed, in the early stage It can give a small number of people a taste of the sweetness! In the end, you got stuck and couldn't extricate yourself. In order to save the money you lost, you helped the unscrupulous project party to fool more people into your node.
Joint Banking: Joint Banking is actually interesting. The gameplay is the same as above, but this time, it will be more interesting to play in the joint Banking community. They will start screening users from the secondary trading market. At the beginning, they will also analyze some transactions to gain the trust of fans, and slowly form their own group. Then, they will tell a story and issue their own community tokens. Here, the community The boss will usually say that they have contacted a certain awesome project developer abroad and ask everyone if they want to do something exciting. Then we took out the deeds of YFI’s early LP group and made a noble PPT. We want to become the second YFI, we want to surpass the uncle, we want to put our tokens on the three major exchanges, and we want to cut A market, everyone wants to work or not, while drawing the cake, arrange a few of their own trumpets, or the project team's own drag ~ and then be full of enthusiasm for the community: do it ~ go ahead, this is an epic revolution ~. Haha 😆
Joint Banking: When their tokens are issued, they usually use private placement and rely on grabbing in the early stage to create an atmosphere where tokens are scarce and chips are difficult to obtain. When the tokens go online, due to the small number of participants in the early stage, the use is very small. A part of the chips can be pulled up to a height several times smaller. At this time, there is no pot for the token.
Here I will tell you what a pot is, listen carefully! ! ! ! !
If the whole world stops playing with BTC and you are the only one playing, the current price of BTC is $1, and you yourself offer BTC to $10,000, which seems to be a 10,000-fold increase. In reality, who will take over? When you are selling, how much money you spend on pulling up the market will still cost you money when you sell it. You even need to lose handling fees. (Do you understand, the number of times is not the key, the key is which leeks come to take over).
So in the absence of a pot, several times is simply a marketing tool. They will also post orders in the group every day. I have made several times the profit, but they only take it several times to talk about it.
In the future, everyone will not only spend real money to buy their Dogecoin, but also let everyone form LP, which is to create liquidity. The LP here is a liquidity token, which is called letting everyone Join the market and earn market buying and selling fees together. Some people say that if you form an LP, your assets will resist falling. If it falls by 50%, you will only lose 20%. Haha, at this time you only need Baidu. What is an AMM automatic market maker? Your logic will be clearer than his fart.
This is another kind of business that sells dog meat at the expense of others, because novices may have heard that they can collect liquidity on uniswap and earn handling fees, but what is it actually about? Let retail investors use their own real gold and silver USDT, In exchange for worthless tokens in their community, LP requires tokens + equivalent USDT to form LP tokens. If their tokens increase, you will have fewer tokens and more U in your hand. If their tokens return to zero, then your USDT value will eventually return to zero, and your hands will be filled with air coins issued by them.
What I have said above is not very detailed. If you are interested in anti-fraud knowledge in the currency circle, you can leave a message below Brother Chi’s article. If the response is good, I will find time to hold a live broadcast for you. , explain the above three scams in more detail. Of course, there are many, many scams in the currency circle. In fact, they all play on the inner emotions of retail investors. They want to get rich and become the chosen one. Brother Chi also had it a few months ago. Publish an article about private equity. If you are interested, you can also check it out in the content of my article. Or you can jump to the article by directly searching for keywords.
Okay, the above is what I will use this article to tell you about some small scams in the currency circle. Also, if you can’t understand the spot market, don’t try the contract. If you can’t understand the contract, don’t get involved in the primary market. Because you have set a stop loss on your contract, you can at least have some principal left. If you go to the primary market, be prepared to return to zero at any time.
The above content will touch the cake of those with impure intentions. As the saying goes, cutting off someone's money is like killing one's parents, but Brother Chi believes that people with kind intentions will outweigh those with impure intentions. So I risked being targeted in the future to tell the truth. Follow Chi Ge for more trading technology and currency circle content knowledge sharing. #防骗小技巧
