In less than two years, the market value will be evaporated by $460 billion. How can the self-help of the collective misfiring of the altcoin?

From the secondary market to the primary market, the cottage currency is cold and windy, and the market funds are seriously scarce. The era of making concepts, shouting and pushing propaganda alone has passed, and many altcoins will gradually go bankrupt and withdraw from the historical stage.

Self-help, will there be spring in the altcoin?

While Bitcoin continues to suck blood, the altcoin has to start a "self-rescue movement."

Different altcoins have different means of self-help, but mainly the improvement of marketing model. The most common and most used method is the three-piece set of coins – shouting, pyramid selling, and fund trading.

In terms of shouting self-help, Yuhong’s XMX has achieved remarkable results. On June 22 this year, Yuhong carried the “zero-coin” XMX comeback, sending WeChat every day, shouting for XMX, calling for the addition of XMX, and announced that a new official website and white paper will be released in a week, and soon XMX will rise in price within a week. Nearly 7 times, 14 times in 2 weeks, and increased by 195% compared with private equity. However, this kind of self-rescue has come quickly and went fast. In less than a month, XMX broke again.

In terms of the improvement of the funds, many of the zombie coins that have been on the verge of breaking the edge this year have adopted the model currency to return to the public. This self-rescue method is characterized by investment rebates. The essence of this is that the altcoin project party formulates corresponding rules to allow the holders of the money to obtain additional income, thereby attracting more investors to enter the market and raising the price of the currency. Typical altcoins that use model coins to resurrect are mainly represented by SHE, BRC, GTC, ETK, etc.

However, the mode of playing the mode currency of each altcoin is different. For example, SHE is the “all-industry eco-community model”, BRC is “reporting game mode”, GTC is “node dividend mode”, and ETK is “partnership mode”. Such altcoins are often easier to achieve a sharp rise in the price of coins due to the small market capitalization.

For example, since SHE landed the fire coin last year, the price of the coin fell from the high point of 0.19 yuan to 0.005 yuan, a drop of 98%. After adopting the model currency game, the increase rate was 290% in the past 7 days, and the cumulative increase in the 30 days was 4223%. About 50 times.

However, the gameplay of the model currency is still only the game of the left hand and the right hand. The basic routine is to lock the position. The altcoin locks the warehouse through various means, controls the circulation to prevent the retail investors from selling, and then seeks the capital to cooperate to pull the disk, attracting the retail investors to chase the high, so that it faces less selling pressure, and then pulls up the shipment to a certain extent. , harvesting retail investors.

In addition to the model currency, there is also a variant of the pyramid scheme in the altcoin field. This model quickly caused imitative changes with its powerful gold-absorbing ability, fanatical community and pyramid schemes. The resonance coin items that have appeared on the market today include: BNB Resonance FDS; HT Resonance HDS; OKB Resonance ODS; WDT Resonance VBT.

This model originated from VDS, which made a wallet, and after the user imported or registered the Bitcoin wallet, it simultaneously generated a VDS wallet. Users can use the BTC in the wallet to redeem (resonate) the VDS. The sooner the VDS is converted into a bitcoin, the lower the VDS will be, and the lower the proportion of the conversion will be until the conversion ratio is reduced to 1:1.

With the resonance coin model, VDS raised 1.3 billion yuan, from 0.62 US dollars to a maximum of 12.8 US dollars, the market value of circulation was as high as 7.2 billion yuan, its blood-sucking ability to kill Fomo3D and Bell chain, but its 20-fold increase lasted only one day, VDS The plunge mode is turned on.

In essence, these self-help methods of marketing the currency of the altcoin are just a new way of changing the way of changing the soup. The effect can only be the return of light, without changing the living environment of the auspicious coins.

At the same time, the domestic individual public chain has begun to explore a new self-help mode, to create a public-chain commercial BaaS platform, and exert a B-side application scenario. This self-help mode may not be able to achieve immediate results in the secondary market, but In the long run, it can make up for the lack of intrinsic value after the collective misup of the cottage Dapp application.

Author: Mutual chain pulse · Liangshan Huarong

This article is [inter-chain pulse] original, reproduced please indicate the source!