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MYX Finance: Behind the Glamour, Hidden Dangers?

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“Charges” Revealed:

False Prosperity? In December 2023, MYX published the white paper BMYX, claiming a minting cost of only 50U, yet asserting an opening surge of 80-90%, with a daily trading volume of 24U. It looks impressive, but is it relying on the 'liquidation of major shareholders' to create an illusion? The CEO promised liquidation after six months, but has yet to deliver, leaving retail investors at high risk of being trapped!

Lack of Team Transparency: From D11 Labs managed by Zhang Li to MYX Finance, the team has repeatedly replenished its holdings, but was 'dismissed for directly investing in Dougong', appearing strong in execution but actually disorganized in management, with frequent internal issues.

Overvalued: Claimed to be valued at 50 million, boosted by the Linea ecosystem DEX halo, but under a publicly transparent crowdfunding model, is the recognition from VC peers just 'self-promotion'? Although historical data is solid, the risks of investment reversal and running away are not clearly stated!

Community Feedback Ignored: On the surface, it’s 'user first', but in reality, it turns a blind eye to community pain points. Despite high trading volumes, liquidity issues still exist, and the ordinary user experience has not truly been optimized.

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Invest with Caution: MYX Finance appears to be a DeFi rising star, but behind the halo lies a crisis of team trust, potential funding safety risks, and doubts about the fulfillment of promises. Retail investors should think twice before getting involved!