Major theft in the currency circle
94 Storm: The life and death of the blockchain industry
In 2017, the name of this world was 9.4. You should have heard of the number 94 from the old leeks. This incident was caused by the supervision of the mainland. You may not know that year. That year, our industry was definitely the core revolutionary base in the mainland. At that time, the mainland was the wealth center of the B circle. In addition, there was a technological innovation in our industry at that time. The Ethereum smart contract came out of nowhere, which led to the ICU craze. Everyone can launch a chain and a project. As long as you know the basics, you can launch it. In addition, the hardworking mainlanders are smart and capable, and a large number of ICU projects are rampant like a virus. Even the aunties who dance in the square stopped dancing and started to study ICU. For a time, many junk projects and junk coins emerged like mushrooms after rain. Do you think the regulatory authorities can ignore such a chaotic and lively situation? So on August 21, the central bank headquarters received an emergency report, which clearly pointed out that ICO was a disguised illegal financing. 90% of the projects were suspected of illegal fundraising and subjective intentional fraud. The ICU project that actually raised funds for project investment actually accounted for less than 1%. So the market fell into panic as soon as this research report came out. Investors sold their tokens one after another, the price of the currency plummeted, and the wealth of many people vanished overnight. The blockchain industry has also fallen into an unprecedented cold winter. Many project parties and exchanges have closed down, and practitioners have changed their careers. However, the 94 storm did not completely destroy the blockchain industry. After experiencing this baptism, the industry began to gradually return to rationality, and investors became more cautious. Some truly valuable projects and companies survived and gradually grew stronger. The 94 storm made us deeply realize that the development of the blockchain industry requires supervision and regulation. Only in a healthy and orderly environment can the industry continue to develop and the interests of investors can be guaranteed. At the same time, we should also learn lessons from this storm,
Continuously improve our risk awareness and investment capabilities to avoid falling into similar difficulties again
environment.
Although the 94 storm brought a huge impact to the blockchain industry, it also sounded the alarm for the industry's
development. In the future development, we believe that the blockchain industry will
be more mature and more standardized, bringing more convenience and changes to people's lives.
Follow me, see my top post, and avoid detours in the currency circle. Information gap, knowledge gap! Only with keen awareness of information can we make better layout and eat more meat!
