Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
In the world of fame and fortune,利益永远是第一位的. Projects like FORM, after fundraising, really treat big investors as their parents, but little do they know that users and the community are the true breadwinners. It is extremely rare to have an abundance of funds that cannot be used up; most project teams still rely on the community to survive.
Recent events clearly illustrate this point. BNX's series of actions have almost alienated the major funders, and during the Chinese AMA, someone asked why so many foreigners participated—asking such questions shows that the management has no sense of their community at all. Why would foreigners tune into a Chinese live stream? Isn't it because they have expectations for the project?
Last night's short position explosion has led some to suspect that insiders knew about the Butterfly incident in advance and acted accordingly. Behind this market phenomenon reflects the issues of opaque decision-making by the project team and declining trust with the community. Once support from major investors and the core community is lost, no matter how much money the project raises, it will be difficult to sustain.
---
BNX's move was truly brilliant. When asked why foreigners come to listen to Chinese AMA? It shows how little they understand their own market to ask such questions.
---
Releasing insider information to empty the short positions in advance—if this gets confirmed, it won't be long before a major crash occurs.
---
No matter how much money is raised, losing the community's trust is more deadly than anything else.
---
The consequence of project teams making opaque decisions is that players will run away, and it's hard to reverse that situation.
---
Prioritizing profits over everything else, and in the end, the community abandons you—this cycle should have been broken long ago.
The AMA question about BNX made me laugh out loud. The management team probably has never heard of the basic common sense that "the market is global."
Losing the community = losing the floor price. No matter how much funding is raised, it can't be saved. It's that simple and straightforward.
BNX's move is truly outrageous; even the community members are confused about who they are.
That night when the short positions exploded, something felt off...
The project team really needs to wake up; no matter how much money they have, they can't buy back trust that has been broken.
Major investors have left, the community has dispersed, so what else is there to play with?