Data Fabrication: On-chain data looks beautiful, while off-chain assets are in ruins
Typical Case: A certain real estate token project claimed on-chain collateral value of 100 million, but the actual property valuation is less than 20 million
Survival Rule: Must have both on-site inspections and third-party audit reports for double verification
Regulatory Arbitrage: Legal today, run away tomorrow
Latest Case: A certain RWA project was directly frozen by the US SEC after obtaining a license in Singapore
Pitfall Guide: Only recognize certifications from established regulatory agencies like MAS/FCA
Liquidity Trap: It seems redeemable at any time, but in reality, it is locked for two years or more
Bitter Lessons: A certain bond token project claimed T+0 redemption but ended up needing to queue for 6 months
Key Indicators: Check historical redemption records and the reserve ratio of funds
Technical Camouflage: Packaging traditional scams with blockchain
Typical Operation: The so-called AI-monitored agricultural products are actually P2P funding schemes
Identification Points: Whether the project party dares to publicly disclose IoT device IDs and real-time data
Yield Illusion: High interest temptation in the first three months, warning to run away in the last three months
Latest Trick: First attract funds with 20% annualized return, then stop withdrawals under the pretext of 'system upgrade'
Anti-Scam Tips: Directly pass any investment with a return rate exceeding 50% of the industry average
Finally, here are three practical suggestions:
1. Small Initial Investment: First investment should not exceed 5% of total funds
2. Diversify Risks: Choose at least 3 different RWA platforms from different sectors
3. Timely Stop Loss: Once abnormalities are detected, withdraw funds immediately without hesitation
Development path of the RWA sector in the coming years:
Short term (1-2 years):
Regulation will definitely strike hard, and 90% of the scam projects on the market will fail
RWA index funds will appear, lowering the participation threshold for ordinary users
Medium term (3-5 years):
It is highly likely that the first trillion-dollar market cap RWA platform will appear
Long term (5-10 years):
"Tokenization" will become as common as "corporate shares" now
Truly valuable RWA projects should possess the following characteristics:
1. Clear and traceable underlying assets
2. A complete compliance framework
3. Mature liquidity solutions
4. Actual application scenarios
By the way, many so-called RWA projects today are just traditional finance in a different shell; this will eventually fail! True RWA should solve problems that traditional finance cannot, rather than simply moving existing businesses onto the blockchain.
The above are all personal understandings; please correct me if there are any mistakes!
