《Review Learning 3, 3 Mode Plate SuperExchange》

Today I spent some time catching up on @_superexchange, although due to personal reasons I couldn't participate in the most FOMO wave, it's still necessary to study and research the new model to ensure that I have a keen sense when new things come out next time.

Super is a new coin issuance platform with a 3, 3 model. In the few days leading up to the launch, the flagship $Super and $Send generated a good wealth effect, with the external market at one point reaching 170M+ FDV.

Currently, looking at the performance of the external prices of $Super and $Send, the first wave of FOMO sentiment in PVP has basically ended, and the trading volume has come down. Whether the second wave can rise depends on whether the market makers will take the opportunity to accumulate chips in the secondary market, after all, the internal market of $Super is still continuing to push forward.

However, during those two explosive days, the number of participants and funds was still considerable (compared to old platforms like Pumpfun during the same period). I dug into the timeline of several early players' tweets @off_thetarget, and here are a few takeaways summarized:

1. The simple and aggressive meme chip distribution method like Pumpfun has entered a stage of aesthetic fatigue, and the gameplay has gradually been understood by the market. With the successive collapses of large scam projects, top players are exiting, and the market needs a new primitive demand for distribution methods.

2. Market liquidity is tight, so how to lock in liquidity has become the key to whether the secondary market can soar. @_superexchange has introduced a trading point system similar to fcoin for buying coins, which is somewhat interesting, as it at least creates a cognitive gap. Therefore, OGs with DEFI backgrounds can quickly find the best participation strategy, such as quickly building a pool in the external market after acquiring $Super and setting the price high.

3. However, this 1.0 version has also exposed its vulnerabilities, front-end trading downtime → scientists low-loss刷积分 → external market crashing, which means that for a period of time, it completely gave benefits to the scientists. The biggest fear in this model is to create a panic bank run; once the external price of $SUPER collapses, $SEND will immediately drop, reducing the earnings of those刷分, and trading volume will decline, leading to a double whammy.

4. Is there still hope for this model?

In fact, this model has some advantages compared to Pumpfun. First of all, the issued coins are not so easily reduced to zero after PVP; as long as there is still trading volume and profits, then the internal $Super can still rise.