EMD explodes again, DeFi: the sword of Damocles hanging above the head

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EMD explodes again, DeFi: the sword of Damocles hanging above the head

链读Liandu

2020-09-12 09:31

本文约1582字，阅读全文需要约6分钟

DeFi saves the white horse or becomes a 17-year bubble?

"At 8 o'clock in the morning, someone said in the WeChat group that mining EMD (emerald) has a high return rate, 20% of the return in an hour. I bought it out of excitement. At 9 o'clock, I found that the pledged USDT and DFS could not be withdrawn." Qi (pseudonym), the group leader of the Emerald Rights Protection Group, told Liandu this way.

Qi said that he used DFS to mine, and this time he lost a total of 1079 DFS, worth about 40,000 RMB. Already considered lucky. Many people in the group were also attracted by the price of Defibox, and there are many people who lost hundreds of thousands or hundreds of thousands.

Someone narrated, “A friend told me that the income of jadeite is very high. I went in around 9:00 in the morning. After digging for a few minutes, I went to exchange it. It turned out that the slippage was very high, and I thought there was a problem. As a result, I couldn’t withdraw the coins.”

Someone regretted, "I stupidly put money into it after 8 o'clock. I didn't read the telegram group and it was already fried."

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Shout out to the project party in the transfer message area

There are not a few sufferers, and everyone spontaneously captured the "transfer message area" on the EOS chain. I hope to negotiate with the project party through propaganda.

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Rights defenders work together to find important clues

According to information from Slow Mist District, the project contract emeraldmine1 transferred 780,000 USDT, 490,000 EOS and 56,000 DFS to the account sji111111111, and 121,000 EOS has been transferred to the changenow coin laundering platform. The total amount involved is about 17.55634 million yuan.

Qi told us that he established the Jade Rights Protection Group, and carried out a series of actions with the friends in the group. As far as they know, it is the account used by the project party for market making. Before the market making, Binance once withdrew EOS for market making. At present, they have contacted Binance to freeze the EOS account of the other party.

At the same time, they also contacted TP Wallet, hoping to freeze DFS first and return the initiative to the community.

At present, there is good news from TP Wallet that the IP address of EMD has been located. And shouted in the "transfer message area" on the EOS chain: "We have located your IP, mobile device and other information through your use of TP wallet. I hope you can establish communication with us and properly handle this matter."

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”DeFi saves the white horse or becomes a 17-year bubble?

Thunderstorms of DeFi projects have sprung up like mushrooms after rain. In the past, there was a "Happy Farm" led by YAM and Klimchi. YAM plummeted 98.8% in a short period of time. From surprise to wailing, it only happened within 37 hours; later, pearls and emeralds appeared. It took only 24 hours for Jade to run away from the good news.

It's like in the Greek story, Damocles, as a generation of courtiers, thinks the leader is very lucky. The tyrant Dionysius offered to swap roles with him for a day. Damocles enjoyed the treatment of the leader very much, but then he looked up and noticed the sharp sword hanging from only a single horsehair above the throne. It seems that you are in heaven, but you may be in hell the next moment.

After more than two years of bear market, is DeFi a white horse to save the market? Or is it a Fomo game full of circling and harvesting words?

In this regard, Liandu invited Lin Zihao, CEO of Candaq Group, to analyze the current situation of DeFi after eight years of deep cultivation in the currency circle:

Candaq Commentary
"The concept of DeFi started in 2017 but collapsed in the middle, because the timing and infrastructure were not yet mature; in 2020, with the popularization of education in the Dex market and the leverage effect, it gave birth to a moment of enthusiasm. Binary assets, through the leverage effect of small market capitalization assets, catalyze speculative bubbles, which is essentially a zero-sum game.
This time DEX has made a milestone impact on CEX, which was not available before. Although the impact of the bubble effect is far greater than the real threat, it can be compared to the milestone event of surpassing the trading volume of NASDAQ securities during the peak period of digital asset exchange trading in 2017. Although this does not mean that digital asset exchanges have surpassed traditional financial markets, an era has begun, and the bear market that opened 17 years later is the price of this bubble. The same story may also repeat itself under this DeFi craze. Although history will always move forward, it is also tortuous and spiral, which is also the historical necessity of the development of the decentralized world."
Lin Zihao Moke