Some projects have taken advantage of community excitement to bring profits to the protocol.
They may say that "Oh, let's use our product. We will have a reward for you."
Things're gonna be fine if users can experience it for free. However, some products like dex can cause damage to users with risks like slippage.
Then, a large number of users flock to the platform, and they earn a lot of money from transaction fees. In the end, there will be no airdrop or just a portion of that fee. 🤡 A ridiculous play
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1/ We're not wizards or prophets. No one knows where the market's top and bottom are. And we don't know if this is a bull trap, a rally or a new cycle starting.
However, we can manage the risks of our wallets. This is an important lesson that we'll repeat many times.
2/ let's talk about the narratives. Why do narratives excite the community? Remember, what's the most interesting creative thing you've seen in crypto lately? Probably since the beginning of 2022.