Editor's Note: This article comes fromBrother Guanlian (ID: guanlian2009), reprinted by Odaily with authorization.

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Editor's Note: This article comes from

Brother Guanlian (ID: guanlian2009)

Brother Guanlian (ID: guanlian2009)

, reprinted by Odaily with authorization.

At this stage of liquidity mining, it can be said that a hundred flowers are blooming, and all kinds of strange names have come out.

Some time ago there were grave diggers, digging and burying at any time:

There is mooniswap during this time:

I glanced at the name, isn't it moonswap? Look carefully, there is an extra I.

You see, the project party is at the end of its rope when it comes to naming it. Have you run out of words in the world? If you insist on moon or nooni, it’s earth, if you want to dig, you can dig the earth, it’s grounded, and it’s bigger than the moon.

At the same time, various accidents and tricks for cutting leeks have emerged one after another.

Yesterday, it was revealed that Soda had a contract loophole, and 20,000 ETH could be liquidated by others.

This is the cause and effect of the whole thing that Super Jun interpreted.

After being exposed, the project party has no ability to save it, so it can only ask for help, and some people's ETH has been liquidated.

Some people find that their ETH has become N digits after the decimal point, and they don't understand what's going on. I saw it in the group, but now I can't find it.

Shenyu lost tens of thousands of knives in mining. The reason is that the first person to dig can set the price freely.

It's scary to think about it, I never knew there was such a game. Fortunately, every time I mine, I am slow and do not run ahead.

The greater risk is that the team will deliberately play bad:

This is disguised and buried in the contract.

This is a project called pylon, and genesis mining will start at 10:00 p.m.

After more than an hour, the project party transferred the money and ran away.

I only got in a few million RMB and ran away. This road is too fast.

I am in a liquidity mining group, the project plate is very small, and the market value of the token is only more than one million US dollars:

The design of the project is very special. After mining, you will always have equity and enjoy dividends. I didn’t play because I felt that the people behind this model were completely taken over by the people in front.

Because it has nothing to do with interests, staying in the group feels like watching a play. At first the token price was 0.5, then rose to 2.5, and then fell to 0.5. Someone in the group made a voice, crying, saying that he had lost money.

If it rises, it will be fomo, if it falls, it will be scolding, and then suspect each other who is the child of the project party.

I thought it had nothing to do with interests, so I occasionally glanced at it, feeling like watching a play.

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Ten thousand knives can smash a plate, and a thousand knives can also be a tray. I don't think it's very simple, it's just a group of people in the group playing games with each other.

I think such a project, no matter how high the income is, I will not play it. This is a zero-sum game of dozens of people. This is not an investment, but a group of people playing mahjong, or gathering crowds for DB.

This kind of liquidity mining is better than playing sushiswap. Although the income is low, at least the contract is safe, at least the project is well-known, and the tokens are listed on so many exchanges. According to the price of Huobi at the beginning of 2018, it would cost thousands of dollars. If the three major exchanges are listed, it will be worth tens of millions.

It’s not that I’m going to pick up sushi, but it’s that the value of sushi is very low. It’s not surprising that more local dog mining projects will return to zero and run away.

Going to accept any liquid mining coins now is like accepting and trading mined coins in August 2018.

Since May 2018, I have participated in the whole wave of transaction mining from fcoin.

For those who started digging FT, the price of the light currency has increased hundreds of times. By the time I knew it, it was already too late. But at that time, I was bold and brave enough to take over the offer, and it quadrupled in a few days. Later, ft fell from 1.2 US dollars, and I escaped at around 1 US dollar, which is perfect.

Just because FT made money, I also participated in transaction mining everywhere. At that time, except for the three major exchanges, almost all effective exchanges launched transaction mining, such as ZB, coinex, full currency, 58coin and other A never-before-heard exchange popping up overnight.

I remember that coinex persisted for a long time, about a week. For other full coins, as soon as mining started, the price of the coins began to plummet, and the buyers were sold first.

I have turned into a miner, I don't think I need to be afraid, I think I can't be cut.

The mining software is bought in the group, 1,000 yuan per exchange, and you have to pay once if you change the exchange.

I later thought, I don’t know if my kind of mining earns money, but those who sell that software must make money.

Liquidity mining now has impermanent losses, and mining also suffered losses at that time, because when ETH is in a unilateral rise and then a fall, if you hit the same price, one side is sold, and the other side is not, and you will suffer losses. .

Digging and digging, the ETH in hand is getting less and less. Seeing that the money is getting less and less, I have also done swings, doing swings for the mined exchange platform coins.

Although the price of the mined platform currency will fall violently, it often rebounds violently during the decline.

I went to grab a few bounces. The result is miserable, with less ETH in hand. What's even more frightening is that eth is still falling.

After playing for a month or two, I paid back the money I earned on ft in that wave of trading mining, millions of dollars.

In fact, my operation is relatively conservative, and many unreliable exchanges do not mine. So I ran away without encountering the exchange.

But still can't change the fact of losing money.

Later, I thought that the escape technology of leeks was improving, but the harvesting technology of the dealer was also improving.

In the beginning, only ordinary leeks were harvested. Later, when ordinary leeks were not enough, professional leeks were harvested. Later, miners were harvested, and miners’ principal was harvested.

You never know what innovative way the dealer will use to harvest you next time.

Just like now, if there are unintentional loopholes in the contract, it is already considered a conscientious project party. The fear is that the contract will directly lay mines and run away at any time.

The contract has been audited, but it is useless.

After auditing the contract, the project party can still modify it at any time.

Besides, it has become a consensus in the currency circle to mine without taking orders. The major exchanges are not excited about liquidity mining anymore. Besides uni, what other liquidity mining coins can be listed on the three major exchanges in one day? Can the myths of Yam, sushi, and CRV be repeated?

During this period of time, we have been discussing who is taking over. Isn't the exchange accepting orders? The exchange is using its own customers to take over the orders, and the exchange has given up its own currency listing fee to the previous liquidity mining project parties.

When leeks and the entire industry are tired of liquidity mining, the money-making effect will naturally disappear.

Looking back at the 18 years of transaction mining now, after July and August, even if you have a god-like essence, you will still lose money if you toss about transaction mining.

It is the same now, no matter how good you are, you will still lose money if you accept the coins of liquidity mining.