I believe everyone has learned in the past few days that KOGE can be used to accumulate points with ultra-low wear, but I am very worried.
$KOGE low wear is real, but the threshold is very high, requiring 8,000 U per entry to the low wear pool. If the project team does not act to harvest, general retail investors will not only lose all the airdrop benefits but also lose their principal!
Community player (Pancake Club) tested data: Used 8320 U to accumulate KOGE/USDC four times, in the case of 60,000 after doubling, the wear was only 1.88 U (the four times were 0.07 U, 0.94 U, 0.45 U, 0.2 U respectively).
Now many big influencers have passed this message to each other, and a large number of people are rolling into KOGE.
Currently, small holders face two choices:
One is to compete with big holders under the high-risk loss of principal, which can be said to be a dimensionality reduction strike.
The second option is to not compete and continue to accumulate points with high wear, but the score has been rolled too high, resulting in receiving airdrops 1-2 times less each cycle.
I currently have two accounts, each with 10,000 U holding to accumulate points, and achieving 8,000 per accumulation is possible, but I can't bear the risk of losing my principal, so I'm still observing. I hope the project team does not do evil.
Voices from other community players:
The token issuer calls on major holders in the square to have 1 million and 10 million holdings with no limits on points to attract attention, showcasing ultra-low wear, and guiding players in the comments to close MEV:
Supplementing another high-risk reason: (The quotations on personal homepages in the square have been separately distinguished since some unknown time.)
$koge has only entered alpha, there is nothing in the contract, and the first two holders account for 90%. It's really too easy to harvest.
