🪫 Result-oriented.
The limit-up model launched by Binance seems to have not achieved the expected results; it remains a feast for a few.
Supply and demand relationship dilemma.
- Except for a small number of novices who do not calculate valuations.
- The vast majority of Launchpool users will not sell at the current price; buy orders will always exceed sell orders.
From observations in recent days, nearly 10M limit-up buy orders appear almost every day at 18:00:00.
- 2000+ accounts show obvious signs of coordinated operations.
- And buys at a speed that is almost impossible for humans to achieve.
- Except for scientists, there is no other explanation.
🦴 To change this situation, I have the following ideas.
1️⃣
New tokens cannot use non-market maker API trading in the first 3 days.
Dynamic monitoring of large fund inflows.
2️⃣
Currently, the limit-up mechanism continues, and pre-market trading triggers facial recognition verification.
Ensures that it is real user operations.
3️⃣
If a buy order triggers a limit-up, cancel orders in chronological order and adopt a distribution model.
Automatically matches every 5 minutes (e.g., placing 1 ETH earns 5%, placing 10 ETH earns 50%).
- First, to prevent the limit-up phase from being exploited, API abuse allows scientists to easily manipulate multiple accounts.
- Secondly, to prevent multiple accounts from bypassing limits, currently, a Binance account will not trigger facial recognition as long as the IP and device are stable. Many scientific teams have substantial funds and can directly purchase low-priced Apple devices with SIM cards. Limits only slightly increase their expenses.
- Thirdly, to prevent scientists from using fake accounts to gain substantial benefits while real retail investors can only helplessly keep up due to slower speeds.
⚡ The limit-up mechanism was originally a remedy for Binance to break the 'opening peak' dilemma, but it is not so.
—— When exchanges choose to stand with real users, the bull market can truly belong to everyone.