The chain has prospered again in recent days. First, the interest rate cut of 50 basis points was confirmed. The overall direction and sentiment are high, which is also a shot in the arm for a group of old holders who have suffered from Ethereum for a long time. The prosperity of the Ethereum chain and the strength of Ethereum make many Ethereum holders feel like a dead tree has come back to life.
First, Trump used Bitcoin to buy hamburgers, creating the ETH large MC memecoin narrative, and then Vitalik documentary made cats and dogs popular. The crypto seems to have regained its former vitality and has a bright and prosperous future.
Whether it is Trump buying hamburgers or Vitalik’s cats and dogs, they have gradually driven up the emotions on the chain. Ethereum’s GAS is the best reflection of this. The low GAS that has lasted for several months has finally regained its glory at this time.
Just as everyone was enthusiastic about cats and dogs, LIKWID also launched the first short-selling MEME token.
Ethereum has been creating new myths almost every day these days. First there was the top hunter Neiro who earned millions of dollars from a single coin, and then there was the top Alpha who made 20E a day by selling hamburgers. But often after the hype, everything is in a mess.
The concept of short has always been around, and the most typical example is contracts. Contracts have long become an integral part of the crypto, but they are only allowed to be used in centralized exchanges with sufficient liquidity or in decentralized exchanges with large scale and sufficient counterparties.
This also leads to the situation that no matter how hot some new MEMEs are, if you are not optimistic about them or think there is inside information, there will definitely be a wave of withdrawal. The most you can do is not buy them, but you will not be able to make money through your own judgment.
At this time, LIKWID provides this opportunity.
First of all, LIKWID is also a launch platform similar to PUMP, but it is not just for launching.
It is a real fair launch, 50% plus the pool and 50% for pre-sale tokens. Of course, you can also adjust this threshold, for example, 10% of the tokens are used for pre-sale, 90% + pre-sale funds plus the pool, which can achieve the effect of a low opening and more easily stimulate transactions.
Secondly, for tokens launched in LIKWID, you can choose whether to enable the token short mechanism .
For detailed information about the concept of short, please read this official article.
Take the official first short token LSTD as an example.
If you like it, just buy LSTD and hold it.
If you are not optimistic about it, you can sell it. But what if you have not bought it but are not optimistic about it, what should you do?
Then at this time, you can buy sLSTD .
According to the official documentation:
When you are bearish on MEME tokens, you can buy $sLSTD. When $LSTD holders sell, part of the ETH flows into the $sLSTD pool, increasing their ETH balance and pushing up the price of $sLSTD. Conversely, when $LSTD holders buy, ETH flows out of the short pool, lowering the price of $sLSTD. This creates a complex hedging mechanism between the two tokens.
The core of this mechanism lies in its mathematical model and dynamic liquidity pool. When a user buys $LSTD or $sLSTD, the price is dynamically adjusted based on the ETH and token balance in the pool. The algorithm ensures that the short token price will not fall below a certain threshold, thereby ensuring market liquidity and reducing the risk of extreme volatility.
Its underlying algorithm is complex, but the short process is very simple for retail investors.
This is the innovative mechanism of LIKWID.
After talking about the project itself, we have to talk about the background strength. After all , only with a good spear and shield can you become a powerful warrior.
First of all, LIKWID is on the Vizing chain and is currently ranked second in the Vizing ecosystem, with orbiter ranking first.
Many people may not have heard of the Vizing chain.
Vizing is a full-scale interoperable environment built on advanced zk technology, providing a faster, more affordable and more secure roaming experience in the Ethereum ecosystem!
The most distinctive feature is the full-chain environment!
Vizing is developed and supported by Orbiter finance. Yes, it is the cross-chain flying saucer. Defilama cross-chain bridge ranks first.
Anyone who plays with the chain knows this product. Relying on the popularity of L2 and various public chains, it has firmly established itself as the leader in cross-chain bridges.
The first token for pre-sale, OVERVIEW, was raised by Xiaofeidie on LIKWID, with a total fundraising of 7,920 ETH
Not only does orbiter provide technical support + endorsement, BNB chain officials also personally support
Because LIKWID is not a single chain, but a full chain, as long as it is in the EVM system, as long as it has a little popularity, it can be traded directly. So no matter how many L2 or L1 there are now, as long as it is an EVM address, it can be traded with one click. This is a full-chain transaction, without cross-chain, automatic price adjustment , and no price difference!
The first short- short token officially created is LSTD, which currently has a market value of 600K and is severely undervalued among innovative application products.
Personally, I like to study these new things, including the previous NFT404 protocol, inscriptions, runes, etc. My personality is not suitable for the kind of quick in and on-chain meme, or holding a token with a market value of hundreds of millions based on a picture or a sentence. Although everyone is talking about embracing MEME, and MEME has indeed created a lot of myths of getting rich quickly, there is one thing I always believe in: the money earned by luck will sooner or later be lost by strength. When cognition and wealth do not match, wealth will flow back to the market in various forms.
If you are a professional on-chain degen, then it is natural for you to make money. No one knows how much money you lost when the market is sluggish. They will only praise you when your hard work is reflected and they will ignore you when you return to normal. This is human nature.
This is not an advertisement, and no one will come to me. I am just speaking out for something I like. I also buy LSTD, purely out of love, not gambling, and not shill.
