10.30 Daily preview.
October is coming to an end, and the full monthly positive K-line is not a big problem. Just like many confusing Octobers in the history of cryptocurrencies, even if it goes around in circles and makes a lot of mistakes, it is not too disappointing in the end.
Today is not only the end of October, but also the beginning of a new week. Although everything is a bit dull overall, I still noticed the news this morning involving the unlocking of chips for multiple projects during the week. The list (OP, SUI, 1INCH, TIA, DYDX, ACA, IMX, LQTY, GAL) includes some old friends as well as new faces. Let’s talk about the “chip release” today.
Unlike today’s dedicated data monitoring websites and highly transparent collective supervision, the unlocking of chips for many projects in the early days was more “confusing” or even chaotic, and the transparency was much worse than it is now. The following are some representative “pitfalls”:
1. In the white paper stage, the description of the release rules was ambiguous;
2. The promise is inconsistent with the reality. They say one thing and do another. According to current sayings, it is illegal unlocking. If someone exposes it, they try to find excuses to justify it. If no one notices, they continue to do whatever they want secretly.
3. Changing the rules every day, blatantly changing the release rules, even changing them many times, is no different from open card robbery;
4. Issue new tokens, introduce various confusing old-for-new rules, and then combine them with bizarre governance rules and other details to achieve mutual guidance between the left and right hands, robbing Peter to pay Paul, etc., and ultimately achieve the purpose of early release or illegal release.
As the industry matures, the 1, 2, 3 model is rarely seen nowadays. Large and medium-sized projects no longer dare to play with the rules in this way. However, there are still some similar 4 methods.
In general, in the current version environment, the positive and negative factors surrounding the "chip unlocking" level are no longer particularly powerful, so when you see the news of various project unlocking, there is no need to be shocked (except for the short-term huge volume), but you can be a little more assured about the projects that are constantly monitored by data websites. These conspicuous packages have attracted a lot of attention, and any slight disturbance or violation will be immediately exposed and killed. Under the influence of this constraint, the project can focus more on promoting the development of technology, business and community, and relatively speaking, there will be no too many random attempts.
