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Manta co-founder angrily criticizes market makers!
Manta Network co-founder Victor Ji posted on platform X, blasting market makers. He stated that he receives daily invitations from market makers and OTC to buy coins, and his attitude is a complete rejection. In his view, market makers, whether active or passive, are "bloodsucking parasites." They do not pay attention to the project's fundamentals but are active in various activities, with funds coming from the project community. Victor Ji believes that excessive funds not focusing on fundamentals will accelerate the industry's collapse, and market makers are the most blatant representatives of this. He believes that real community trading is the source of liquidity, and if market makers want to participate, they can buy coins in the market.
Additionally, for project founders who are worried about insufficient liquidity but are unwilling to pay a deposit, Victor Ji recommends using small token lending as a method. He cited the example of Calamari in the Polkadot era, which was forced to give over 3% of its tokens to Three Arrows Capital for market making, only to be sold off immediately afterward, pointing out that truly reasonable lending tokens should not exceed 0.2%. Because a depth of 2% has 200k, which is sufficient, the value of 0.2% of the coins far exceeds this; market makers wanting more coins are likely aiming to crash the market.
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