If the concept is the hottest in the second half of the year, besides DeFi, it is liquid mining.
Due to the popularity of the concept of liquid mining, the entire ecological track project has appeared frequently, each exhibiting their strengths, and a hundred schools of thought contend. However, there must be both light and shadow. With the high frequency of incubation, various unreviewed projects have also swarmed into the track, trying to catch a wave of heat, divide it into waves, and circle money.
The project I want to talk about today is exactly such a garbage project: Shrimp Farm!!!
To what extent is the garbage? Two days, only two days. Seeing it rise up from Zhulou (the price of currency rises) , watch it banquet the guests (flock of people), and watch it collapse (the price of currency drops into air)~
On October 25th, after the opening of the second pool of "Shrimp Play", the price of the token XO plummeted all the way, from the original 4.2 EOS to around 1.2 EOS before it could stop.
Many investors think that this is just a normal token rise and fall. Whoever thought that shortly after stopping, XO resumed its downward trend and the token price dropped all the way.
There are players who are fortunate enough to make a profit, and there are players who are trapped and nailed to death in the pool. However, the most funny is the players who have succeeded in getting out of the pool, but because they are greedy, they have turned from profit to debt. Big!
Gambling in a casino, as long as you don’t play at the table, all profits are not profits, and no amount of chips can be returned. Since you have left, why bother to come back because of greed?
In the face of the declining market situation, on October 26, the project party also issued an urgent announcement, announcing a so-called "good news":
1. Destroy 50% of the tokens produced by the game up to now, about 2.5 million tokens;
2. Increase the weight of XO/EOS mining balls in a short time;
3. Add XO single currency pledge to mine ONES.
As soon as the announcement came out, not only did it fail to stop the loss in time, it actually boosted the decline of XO tokens, and the impact directly extended to the platform token ONES, which caused numerous complaints within the community and continued rumors.
In the end, the market's reaction was as expected. Before the announcement, although the price of shrimp balls fell all the way, at least the platform currency ONES could remain above 0.2.
However, after the announcement, everything was over, and even ONES followed in the footsteps...
Dig his own grave, but so
Seeing that the building is about to collapse, it is about to collapse, and efforts are turned into ashes, and the official remedy is too late.
At around 10 pm on the 26th, the project party issued an announcement to announce the suspension of mining! ! ! And the final XO token production is also fixed at the unlucky number of 404914.
Although the project party has repeatedly emphasized that the restoration of the project is expected to be completed within a week, no one is a fool if the currency circle stays for such a long time.
All in all, there is a principle to keep in mind no matter what when mining: try to touch non-mainstream coins as little as possible, and rather earn less than greed, ask me to learn more
