After experiencing the storm of the "black box" points of Virtual in the first two days, I was once again pushed to the forefront yesterday. The hostility within the community is becoming more severe, and the polarization of points is being experienced vividly.
Originally thinking that no one would support my ambitions, I would walk through the snow to the mountain top myself. I didn’t expect the real big brother to have long looked down on all beings from the mountain top. As someone who has made a fortune from issuing tokens as a Dev, what struck many people yesterday was that 15.5M DAB points. It should be known that the total points across the network yesterday were 349M. What does 15.5M represent? It means that he alone holds 4.4% of the entire market. It’s not an exaggeration to say that he can cash out through various means in Genesis. There’s nothing he can’t do if he puts his mind to it.
Perhaps regarding the previous strategies of Virtual, they didn’t want the projects they launched to drop to zero so quickly. By using small market cap staking with high scores, they could quickly reduce circulation to boost the coin price. Clearly, in the previous phase, overseas communities and large holders relied on rules to stake and exchange old coins for points, and then TP cashing out also yielded results. But for everyone, what matters is the medium to long-term development of the platform. After all, most players have staked Virtual for two years. Perhaps there’s an element of gambling, as two years in this circle is likely heading towards zero. But Vader is more focused on the staking rate of $VADER. He doesn’t mention the concerns of other communities at all. In fact, whether it’s staking Virtual or staking $VADER, it’s all about trust in the platform, and clearly, this trust is gradually being exhausted.
Perhaps some might say the community cares too much about the price; who doesn’t care? After all, it’s all genuine silver invested, and they’re not here to do charity. Even “mouth staking” isn’t cost-free; isn’t a proportional investment and return the bare minimum requirement? Unlocking after staking is 14 days, and if there are issues and one wants to unstake and exit, no one can control the changes in between. The reason why Virtual was able to flywheel in the beginning was precisely because of low entry and high exit, attracting a large flow of traffic. Everyone was willing to stake for greater returns. But the current changes seem to be “gradually drifting away.”
Now, not only has the cost of mouth staking increased, but even the research into projects requires more effort than before. After all, we have experienced fake hackathon projects, real and fake Monkey King IRIS 🤣. Taking yesterday’s ROOM for example, the essence of the core logic isn’t the argument between the founder and VADER. Although it was over-subscribed by 19 times, one needs to consider the current point inflation. In the current environment where the staking point ratio of new coins is below expectations, most users may choose to TP out. Plus, with 8% of the community round unlocking 100% after one month. Even if one stakes, it won’t be for too long. This will inevitably lead to a price not meeting expectations. The popular projects look great at the start; currently, the best profit point seems to be on the opening day, and everyone jokingly says that staking is a “diamond hand punishment.” I really hope Virtual can change the rules and let the diamond hands win once!
PS: By the way, there was still no breaking of the 8415 curse yesterday 🤣
