I'm sorry, I failed

To start with the conclusion, the probability of Polymarket not issuing tokens has greatly increased, and the project party will 99% choose to go public on the US stock market. After interacting for 3 years, the token holders received a counter-pull +1

Let me explain the reasons

🎯 Oracle update completed

Today, Polymarket officially announced the abolition of the UMA token voting mechanism, which has been attacked multiple times, and introduced the new MOOV2 contract, comprehensively updating the oracle

🔹This means that my previous inference: "Issuing its own governance token, empowering the oracle voting, replacing the manipulated UMA" has fallen through; Polymarket no longer needs to issue oracle tokens

⭐ Compliance route, returning to the US

On July 21, 2025, Polymarket announced the acquisition of the derivatives exchange QCEX for $112 million. This exchange holds a US DCM/DCO license, allowing it to operate as a registered exchange, compliant, and re-enter the US market

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I watched the founder's interview in July, and he mentioned wanting to "explore issuing their own stablecoin". This should be to increase the company's revenue to meet the profit targets for going public, you understand?

Previously, Poly went to great lengths to restrict US IP logins, but now spending hundreds of millions to return to the US in compliance means what?

If they wanted to issue tokens, they should have done it during the hottest time in the US election market; there was absolutely no need to spend money now to acquire licenses

In the crypto world, what I fear the most is when founders become big and strong, get carried away, seek to glory their ancestors, and want to go public

Last time, the foundation's website confirmed that it was a prank registered by a group friend. We early users in the crypto world have become the cost of great US stock company innovation

✅ Summary

There is only one kind of heroism in the world: to recognize the truth of life and still love life

The money lost in the casino should not be thought to be regained through airdrops; this year, counter-pull +1

Recognizing the reality of airdrops is that it's a low-probability gamble for high multiples; it's impossible for everyone to make money

However, I will still resolutely walk down this path until victory