My friends and I discussed @boopdotfun, and it was estimated that the annualized FOMO was 100%. I told him that the incentive model of boop is difficult to sustain.

The first wave of stakers has already recouped nearly 20% through interest. Essentially, this is more like a DeFi scheme, and one must think clearly about who provides the APR: one is the person who buys the boop platform tokens, and the other is the stakers themselves.

I don't think the FUD around boop is over just because of today, as dingaling's personal abilities, appeal, capital, and influence are all very strong. As I mentioned before, it's a matter of having 100 tokens of 1M versus one token of 100M. If he wants to create 100 tokens of 1M, it's a piece of cake, and there's no need to create one token of 100M. I have no doubt that the first wave of people will make money.

However, this airdrop incentive model has its limits. The biggest scam of this round is staking. I will be cautious about anything that requires staking, unless it's all profit that can be staked again.

Sigh, staking is a scam, and the project parties feed off my kind!