The "begging people to claim fees or endorse their latest X coin" meta is basically CCM in disguise at this point. Sure, you’ve got the occasional 1/10 gem, but it’s the same hit rate we saw with Bags and every other iteration of this trend. The problem is the natural slide down the risk curve. As soon as the filters drop, scammers start smelling the desperation and the rugs start flying left and right. Once the "burned" to "winner" ratio gets out of whack, the whole meta dies. If the underlying mechanics aren’t fixed, then the fate is always the same: a race to the bottom that leaves everyone but the scammers empty-handed.
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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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