1) "My experience and reasons for losing money in X2Y2" This will be a project that can make a lot of money, but because of the short-sightedness and greed of the team, everyone has been harvested in the end. My founder @tp_x2y2 is still a WeChat friend, and even I do look forward to seeing each other overseas after the unblocking, but I still remain frank . I have come to believe more and more that it is right and efficient to be honest with yourself and others, to express everything sincerely. So, talk.

2) It's a long story, but it's worth starting earlier. A long time ago, $people auctioned the U.S. Constitution. I think this is very cool. I really like the Constitution itself by the people, for the people. Therefore, I want to build a community where everyone builds and shares together, and everyone works together to develop the ecology and empower people. This matter has been responded to by many people, and it has also been opposed and even ridiculed by large households.

3) Unfortunately, I didn't know why the big players were like this at the time. I am still full of enthusiasm to do everything. Unlike most people's imagination, I want to create value, not to make money - my idols are Buffett and Lao Duan, as long as I make money through investment. But the result hurts, I don't know two things: One is that retail investors only want you to shout and fight, what the hell are you building? Pulling up and shipping are everyone's pursuit.

4) So the result is that for a WeChat group of 20,000 people, even if you ask everyone to like some community-related tweets after the ban is turned on, there may only be dozens of them in an hour. At the beginning of the silence, everyone was discussing the ups and downs. That is to say, no one cares about doing things, only cares about Daewoo's quick writing push and pull disk? So at that time, I was full of enthusiasm and paid for the gambling dog. There is no possibility of any community building at all, and the development team is disheartened.

5) In the end, I decided to close all communities and keep silent about people—the reason for not mentioning it is that I still have many good friends who hold tokens and don't want me to speak out. In fact, this is the case with all the projects I participated in afterwards, so some holders with good relationships do not want me to speak out, so I choose not to be frank. But I won't after that. The telegram group had 14,000 fans, but I am still determined to disband. But the more serious problem is another.

6) $People I am full of enthusiasm for the project. In fact, I hold very few tokens, and my position is not large. Moreover, I wrote a tweet on 0.02 to remind me to buy, and 0.04 to remind me to withdraw the book. Before and after it was listed on Binance on 0.11, when I found that no one in the community cared about construction and only cared about the currency price, I wrote a long tweet angrily warning that no construction is empty. However, retail investors ignored the warning, and large investors with a very high proportion of positions sold wildly: they didn't care either.

7) This incident hurt me a lot. But in turn, there is also the rekindled enthusiasm of X2Y2 later. After that, I wandered into the NFT field. The first project is Jay Bear. I entered the market at 0.3. I was surprised to find that the NFT community is obviously different from the holders. Those who hold NFT are their own people. Everyone spontaneously writes articles, publicizes or does various things. ——This is exactly what people don’t have. It is found that NFT naturally has community attributes.

8) Afterwards, enter various projects continuously, preferably: 3.5 is Azuki Shigekura, around 15-20 shots Around 0.3 heavy warehouse goblins, 5-3 shots, plus a large number of AirDrop burgers, a lot of gains. It failed because AZUKI bought two projects of the same type and lost a lot. But that's not the point. Playing NFT will naturally pay attention to the exchange, knowing that this is a "good business". The first to put perspective is looksrare.

9) There is a sentence in the documentation of looksrare: by NFT people, for NFT people. do you remember? I started with people, and since then I've been struggling to find: Is it all about profit-seeking and selfishness behind Web3, and no projects that really care about the community have emerged? It's all just business? I do not like. When I saw the phrase looks, I liked it very much.

10) After reading the economic model, looks said that 100% of the income will be returned to the community, etc., I was overjoyed - this is the first project that puts the community at heart, and it is the NFT field that I paid attention to at the time, which is really great. The project party only takes 10%, and the rest belongs to the community. However, the greater the hope, the greater the disappointment. Behind the beautiful slogan is actually a ruthless harvest. 3% of the tokens will be given to KOL for publicity, and 10% of the team’s tokens will be released linearly

11) Retail investors go to the second level to buy coins and pledge, and they can get more tokens to release and participate in dividends. It seems that everything is good. But in fact, before the retail investors get the coins, the big KOL and the team have already got the coins and they start to pledge first. The profit of the pledged head mine may be 10000%, so their coins accounted for 60% of the circulation after a few days of sneaking away There are even more nearby. With the transaction mining model, there are more and more teams and KOL coins. Retail investors enter the market to take orders.

12) The team does not need to care about the experience of real traders, it only needs to frantically stare at a few junk projects to swipe their trading volume, and all second-level buyers of coins will be harvested. The team and KOL get more and more tokens, and more and more ETH dividends. Because of the slogan of for the people, retail investors enter the market to accept the mining coin model and a small dividend. You want dividends, and he wants the principal.

13) So I leave disappointed. At this time, X2Y2 appeared, there was no transaction mining, no sneaking out in advance, 10% belonged to the team, everyone distributed it fairly, and the team even brought their own dry food and started working without income. At that time, TP said a sentence that won my heart. I thought LOOKS was "return the money of the gentry, and divide the money of the poor"-X2Y2 will stand up and take the money. That's good, that's all there is to it. Therefore, I like it very much.

14) This project has no popularity overseas, and the official Twitter followers are less than 2,000. From the past to the present, I should be the only one writing in the Chinese area. It can be said that my own efforts have promoted the huge development of the project in the early stage. The pre-sale of X2Y2 has a total of 1000 NFT for public sale, and more than 150 of them are actually mine, because I should be the one who received the most white orders off-site. I was not well-known at the beginning of the project, and the white orders were only 10U-50U, and there were even some people. Give me away.

15) For NFT exchanges, as a big NFT player, I know that the core requirement is liquidity: That is, I can buy any NFT at a low price from you, and I can also quickly sell any NFT. The team's aggregator plan is in progress. At the beginning of the token listing, the FDV reached 4 billion. As the only KOL with a lot of publicity, my role should not be small, and I have explained this story clearly.

16) But plans are not as good as changes: There was an error in the release code of the token. It was supposed to be released in one year, but it was released in one month. There was a huge amount of selling pressure, and the value of the token went down all the way. But in fact, this is not the key. Long-term pain is worse than short-term pain. After a wave of changing hands, there will be great opportunities. But then the team found that the incentive effect was minimal, and chose to take the LOOKS route, trade mining, and cancel the aggregator. In fact, with transaction mining, user experience is no longer important.

17) Because the model is wrong, the team and other coins themselves are more than expected. Then, after transaction mining, it doesn't matter whether the project is dead or alive, and it doesn't matter whether the team token is unlocked or not. Because the ETH generated by swiping orders is already a huge sum of money. As long as the studio swipes orders to cover the GAS cost, it will keep swiping. Unlike BLUR, this kind of swiping will not bring any real NFT transactions, or even counterproductive. TP has an explanation to the team.

18) As a very small-scale team, through the transaction mining model, it should have earned a lot of ETH(I'm not good at math, so I can help with calculations in the comment section). The price is that for all retail investors who buy coins at the second level, the coins traded and mined will continue to drop regardless of the price of the coin, and there is no other possibility. Therefore, you will find that I stopped mentioning X2Y2 after the team abandoned the aggregator plan and turned to transaction mining.

19) My wallet address has nearly 2 million coins for a long time after that, and it is easy to find my wallet address by tracking it on the chain. I did not deliberately hide it, and it was regarded as returning to zero with the token. But for months, to any fan who wanted to buy a token, if I was asked if I could buy it, I said no-my confession has never changed because of whether I have a position or not. X2Y2 I give the most love, but also bear the greatest loss and infamy.

20) Even the MOD of the X2Y2 community, after I left the community, unremittingly continued to satirize from the perspectives of personality, character, level, etc., to prove that X2Y2 is good. I also realized that most people only care about buying a coin, holding it, and making money. They can't care about all other changes, and don't want to care. Those who hold coins are all good people, and those who sell coins are all bad people. This seems to be a common problem among retail investors.

21) X2Y2 was originally number one on the list. It seems that it spent more than tens of millions of dollars to continue to be optimistic and buy tokens. It probably left the market two months ago. I will also find that, including the team and the community, they don't like this kind of coin selling: for example, it is not good to be too concentrated, and it is better to sell. I am quite disappointed. I only know that if I am the project party and someone supports with real money like this, I will be responsible for him, and it is my responsibility if I do not do well.

22) If even the most supportive people choose to leave at a loss, and the community thinks it is a good cut, it is not a good thing for me to come, and I did not ask you to come. What kind of community culture is this? But fortunately, all the brainless people will be cut off by someone else-although they will still not be able to tell who is the one he should be grateful for and unite with after being cut off. So, why did X2Y2's investment fail? It's me who trusts others too easily.

23) Objectively from the product point of view: The product did not address real user needs, and even began to abandon the aggregator plan and turn to transaction mining. TP definitely knows the harm of doing this, but still chooses, mainly because it is too tempting for the team to avoid competition and obtain immediate real benefits. In addition, the community volunteer team is self-made, but they don't seem to have received any substantial rewards?

24) The official founding NFT was not opened at the beginning. The team said it would be a boutique, and I think it's OK. But a year later, still no box opened... In fact, since the team started making money, everything feels wrong and the rhythm is not right. You can recruit with few people, and you can recruit if you don’t have enough NFT operations. After all, a monthly salary of 50,000-100,000 is not too much pressure on the team. It is cost-effective to recruit a few people to help the project in the long run. But no, why?

25) Unless you feel that trading and mining is enough to make money, it is not important for longer-term goals. I still have more than 30 NFTs in my sub-account. It should be more difficult to sell after I finish writing today, but it doesn’t matter. Good projects will never die, and bad projects will never survive. $gmx Why was it successful? The product experience is first-class, and it really continues to distribute money to users, and there is no selling pressure. I hope fans can understand this difference.

26) Fans with low cognition actually don’t get much from my tweets, because what he thinks has never happened to me. The important thing is the logic behind it, and the progress of these logics is the most important thing in this circle. Scarce stuff. Also because of these things, I don't need to call out orders, I don't need to accept any promotion, and I can achieve wealth freedom by investing on my own-my definition is a small goal. This is expected to be achieved before the next bull market.

27) But even for such a project, there are actually many opportunities to make money. For example, no one wanted the ilo of x2y2 at the beginning. I received more than 100, and the cost of 1.5e was 15,000 coins plus an nft. Shenxiong also made money. And even those who buy coins at the highest point have escaped the entire bear market through pledge. I also have this experience, I know how big the upper limit of blur is