After experiencing the storm of the 'black box' points of Virtual in the first two days, it was once again pushed to the forefront yesterday. The hostility within the community has become increasingly severe, and the polarization of points has been vividly experienced.
I originally thought that no one would support my ambition to rise to the skies, I would walk through the snow to the mountain peak myself. I didn’t expect that the real big brother was already at the mountain peak looking down on all living beings. As a Dev who made a fortune from issuing tokens, what broke many people yesterday was that 15.5M DAB points. It should be noted that the total points across the network yesterday was 349M. What does 15.5M represent? It means that he alone holds 4.4% of the entire market share. It is not an exaggeration to say that he can cash out in Genesis through various means. There is nothing he cannot achieve if he sets his mind to it.
Perhaps for Virtual's previous strategy, it was not intended for the projects that did not launch to hit zero so quickly. By using the method of staking low market cap assets for high points, it is possible to quickly reduce circulation and achieve a price increase. Obviously, in the last phase, overseas communities and big players relied on rules to lend old coins for staking in exchange for points, and subsequently cashed out through TP, which also yielded results. But for everyone, what matters is the long-term development of the platform. After all, most players have staked their virtual assets for 2 years, which may have elements of gambling, as 2 years in this circle likely leads to zero. But in Vader's words, there is more focus on the staking rate of $VADER. He said nothing about the issues that other communities care about. In fact, whether it is staking Virtual or staking $VADER, it reflects everyone's trust in the platform, and it is evident that this trust is gradually being consumed.
Perhaps some might say that the community cares too much about the price; who wouldn’t care? After all, it is genuine money invested, not a charity effort. Even 'mouth staking' is not cost-free; isn't it the minimum requirement that input and output are proportional? Unlocking after staking takes 14 days, and if one discovers problems and wants to withdraw, no one can control the changes in the meantime. The reason why Virtual could initially gain traction was due to low entry and high exit, attracting a large flow of traffic. Everyone was willing to stake for greater returns. However, the current changes seem to be 'drifting further away.'
Now, not only has the cost of mouth staking increased, but also the research on projects requires more effort than before. After all, we have experienced fake hackathon projects and the real and fake Monkey King IRIS 🤣. Just take yesterday's ROOM as an example; the core logic is not about the founder arguing with VADER. Although it oversubscribed by 19 times, one must consider the current point inflation. In the current situation where the staking points of new coins do not meet expectations, most users may choose to exit through TP in the broader environment. Plus, the 8% community round will be 100% unlocked after one month. Even if staked, it won't last long. This will inevitably lead to the price not meeting expectations. The once-popular project opened beautifully; currently, the best profit point seems to be the opening day, and everyone humorously calls staking a 'diamond hand punishment.' I really hope Virtual can change the rules and let diamond hands win once!
PS: By the way, there was still no breakthrough of the 8415 curse yesterday 🤣