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THE REASON I DON'T JOIN BIO PROCOL
I read about the Launchpad model of @BioProtocol during the period when $BIO was at around $0.08. However, I still decided not to participate for the following reasons:
1⃣ No suitable hedge strategy
For projects like $BIO the strategy I like to participate in the most is Lending (similar to Virtuals in the past) however there is no exchange that lends $BIO.
If you want to hedge your position, you have to go through Futures, and at that time Bio Protocol's FDV was around $265 million, so I was quite wary of the withdrawals that could lead to position liquidation.
2⃣ Long Capital burial time
Through the Virtuals story, I see that if you participate, there is real profit, but models like this often do not maintain vitality for long.
The longest one so far is still Virtuals. Looking at the follow-up projects XEM Creator Bid or a project whose name I forgot, most of them failed right from the first project or a few projects after that.
Meanwhile, the Stake time usually takes up to 6 months while the Earn time is only about 1 month, which means the Capital burial time can be up to 5 months or even much longer if you Stake up to 1 year.
3⃣ Stakers are not prioritized
Although they spend their own money to play, the people who benefit the most in this game are actually Yappers, who are almost free (in fact, they have to bark at graves to get XP).
Because they don't spend much except time, every number is profit, which leads to dump, dump & dump.
After Virtuals, I see this point even more, so for me, only Yappers should participate in these types of bets and models, because spending money to buy & Stake is easy to cook!
4⃣ Uptrend market
With the current beautiful market context with $WLFI $XPL or $LINEA, I see opportunities elsewhere, faster Capital turnover & higher profit rate.
That's why it's a point for me not to participate in this game!
So why not buy $BIO for speculation?
I believe many of you will ask me this question because similar to $VIRTUALS or $BID both have growth, then $BIO when applying this model also has the opportunity to grow & in fact it has grown very little.
The truth is that from 2024 until now, I have been quite shy about investing in Altcoins (really shy) with a large amount, especially trends that can be very short. Instead, I use Stablecoins to participate in making money in other strategies that are more suitable for me!
In conclusion, I did not participate $BIO mainly based on my position, perspective & personal opinion, but more directly, I see other opportunities with higher profitability, better & faster Capital turnover.

Hak Research
@HakResearch
08-27
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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