飞凡
飞凡|Apr 16, 2025 15:33
Be wary of VC coins with staking models, whether it's node staking or liquidity staking The project team surprisingly allowed investors and teams to pledge tokens that should have been locked up, but the resulting staking rewards can be freely sold and circulated, commonly known as fake lock up. Importantly, this puts greater selling pressure than simply unlocking, for example: Assuming a team or organization has 100 tokens, with a 1-year lock up and a 3-year linear release, the pledged annualized income is 12.5% The team or institution pledges these 100 locked tokens and receives an annualized reward of 12.5%. In the first year, they can receive 12.5 freely flowing tokens, which is equivalent to linearly releasing 50% of the tokens each year during the lock up period. The longer the lock up period, the more tokens the team or institution has, and the greater the selling pressure. This is a betrayal of the community, as they generally do not publicly disclose their stakable lock up privileges. While promoting project prospects and team lock up, they sell tokens to the community, and the token curve is highly similar, dropping by 90%.
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