It is interesting to observe how @THORChain and @jpthor has chosen to hasten its decline through debt tokenization. This serves as a great example of why community building is beneficial at the Pre-Seed and Seed stages. However, it becomes problematic during Round A, B, C, and D, where a perfect management team and accountability to customers are essential.
@1inch - good example; a tier 1 swap provider, is known for its excellent reputation and B2B partnerships.
Although they no longer focus on the token, it remains a strong business.
On the other hand - @THORChain
Currently, the protocol is disabled in @TrustWallet , @Ledger , @wallet , and @BitgetWallet - essentially all the major platforms where fake nodes could only hope to thrive. Meanwhile, other providers are applying for these positions, where there is a proper management and legal structure in place.
The launch of a second token ($TCY) will likely trigger a wave of liquidations and a migration away from $RUNE to this new token. Investors may be hopeful of recouping some losses through this small-cap asset, which is expected to attract market interest by promising lifetime revenue sharing.
This is similar to the situation with $TRUMP vs $MELANIA tokens (apologize for the vulgar comparison involving memecoins).
Those involved in governance and collaborative building should recognize an important fact: late-stage collaboration can be harmful. It often leads to extensive experiments being conducted at advanced stages, which can result in significant financial losses - sometimes amounting to hundreds of millions of dollars.
The newly appointed "CEO of Thorchain", @AaluxxMyth , and the creator of Proposal6, likely believes it is important to encourage a speculative mindset among investors by introducing securities to the market, especially when regulations are at their highest. In this scenario, the price of Rune may decline sharply, leaving fake nodes with a difficult decision to make:
a) Freeze all types of LPs
b) Allow the project to collapse
Simultaneously, providers (or wallets) may not need to distance themselves from the protocol. Legal actions will soon uncover the specific beneficiaries behind these fraudulent "decentralized" nodes. Of course, this is possible only if the noise from the losses is significant enough = as it was in the Luna case.
Conclusion: conduct community building and governance experiments in finance only until the Seed stage.
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@SoSoValueCryptoВы получили 10 000 EXP SoSoValue от друга! 🎉 Подпишитесь на SoSoValue сейчас и получите доступ ко всем мощным функциям бесплатно! 🚀
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Вы получили 10 000 EXP SoSoValue от друга! 🎉 Подпишитесь на SoSoValue сейчас и получите доступ ко всем мощным функциям бесплатно! 🚀
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