Once a highly popular new star, the Xiong Chain 49076851789, why has it lost its appeal now?

Bera, as a new type of public chain, attracted a lot of market attention even before its mainnet was launched, thanks to the MEME concept, unique liquidity mechanism, and support from renowned venture capital institutions.

Its core innovation lies in the liquidity proof mechanism, which increases on-chain liquidity through the distribution of BGT and bribery incentives (referring to the means of attracting liquidity).

However, this mechanism is too complex, making it difficult for new users to understand, and thus hard to attract them.

Moreover, it also faces sustainability issues. This liquidity proof mechanism (POL) relies on continuous liquidity injection to be maintained, but once the market environment worsens or incentives decrease, liquidity providers will immediately withdraw, leading to a significant drop in total locked value.

Additionally, the project team has not been very proactive, showing little in the way of actual actions, which is somewhat unappealing.

This recent surge also lacks substantial positive news; it is merely a simple bottom rebound.

Therefore, I personally feel that in the short term, this project is not very worth holding onto and may likely result in being trapped.