Recently, the market corrected, and a positive announcement from the official was interpreted as negative by the market, leading to a significant price drop and public anxiety. This is understandable; those who are bullish buy on dips, and those who are bearish short on highs. If you don't like it, you can ignore it, but it’s surprising how many brainless critics came out just to criticize. Here’s a summary:
1. The project party maliciously (suddenly) changed the rules, shutting the door on users. I can't believe it, the white paper clearly stated that the official USDO++ would require a head tax to convert back to USDO, or burn USUAL to redeem at a 1:1 ratio. You enjoyed high returns early on, cashed out, and now you're being asked to hold long-term for community building? This was designed long ago; it’s not sudden just because it happened before you could convert back! Panic is temporary; if you must cut losses, who else would you cut but yourself!
2. Unlocking 2 million every day is a fact. I’m just surprised that those in the crypto world don’t know this rule? In reality, fully circulated coins are very few; the vast majority are periodically unlocked, ranging from large to small amounts. ENA is also in the stablecoin track, initially 980 million, and now less than a year later, 3 billion are in circulation, averaging 5-600 million unlocked daily. DOGE also has inflation, BTC, ETH, and SOL also have inflation. Don’t play around! ONDO is about to unlock 130% of its circulation; you should go short! Misleading newcomers here, the unlock is indeed a pitfall, but it also has staking and burns USUAL to deflate, seeking balance gradually. This was designed from the beginning. I’m not sure if it will ultimately succeed, but this unlocking is really not the reason for your complaints. 2 million a day means only 700 million unlocked in a year, and it’s equivalent to mining coins, with most going to stakers. It’s really more conscientious than most projects. If you want to criticize this, then you should first criticize the 98% of scam projects.
3. Only increasing supply, no deflation mechanism. Another awkward critic, that teacher Zhu, his article influenced many people. The white paper stated that it hadn't been activated at the beginning. Now you see that converting USDO++ to USDO requires burning USUAL?
There are many more words I don’t want to write. You can be bullish or bearish, but if you mislead others with your ignorance, I really can’t help but curse you, stupid idiot. Moreover, the officials have noticed that critics are misleading too many people. Next week, staking USUAL will yield dividends, not only with USUAL rewards but also nearly 1,000 USDO rewards for around 40,000 a month.
In short, writing this is really about not tolerating those idiots who maliciously distort facts to mislead the public. These people are either stupid or malicious. When they do nothing, you call it fraud, and when they do good for the project, you still call it fraud. Why don't you name a project you agree with? People’s words can be frightening; if the project is really driven to failure by your criticism, then we’ll see your ugly face later saying, 'Look, I told you so.'??? Whether bullish or bearish is up to everyone to choose. Let's discuss any conspiracy theories in the comments.
