Myth无仙
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The reason ZKJ has not yet launched on the Binance spot market and the true culprit behind the crash.
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A systematic analysis of the main reasons for the 80% decline of ZKJ and KOGE and how to avoid such risks.
Summary: The recent decline of ZKJ's KOGE has led many to blindly follow the trend, shifting the main responsibility onto KOGE, while the main blame actually lies with the ZKJ project party's wrongdoing.
1. The ZKJ project party @PolyhedraZK stated at the first opportunity during this decline that the large sell-off of the ZKJ/KOGE trading pair on the BSC chain caused the anomaly, implying that the KOGE project party was at fault.
2. The ZKJ token is divided into ETH chain and BSC chain, and @PolyhedraZK does not have an official cross-chain bridge to connect the ZKJ of the two chains.
3. The total supply of ZKJ on the BSC chain is 100 million, with the project party's address still locking 40% (40 million ZKJ), and Binance initially holding 20% (20 million ZKJ), of which Binance allocated 5.5 million ZKJ for the Alpha airdrop and trading competition, with each contributing 2.75 million ZKJ.
A systematic analysis of the main reasons for the 80% decline of ZKJ and KOGE and how to avoid such risks.
Summary: The recent decline of ZKJ's KOGE has led many to blindly follow the trend, shifting the main responsibility onto KOGE, while the main blame actually lies with the ZKJ project party's wrongdoing.
1. The ZKJ project party @PolyhedraZK stated at the first opportunity during this decline that the large sell-off of the ZKJ/KOGE trading pair on the BSC chain caused the anomaly, implying that the KOGE project party was at fault.
2. The ZKJ token is divided into ETH chain and BSC chain, and @PolyhedraZK does not have an official cross-chain bridge to connect the ZKJ of the two chains.
3. The total supply of ZKJ on the BSC chain is 100 million, with the project party's address still locking 40% (40 million ZKJ), and Binance initially holding 20% (20 million ZKJ), of which Binance allocated 5.5 million ZKJ for the Alpha airdrop and trading competition, with each contributing 2.75 million ZKJ.
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