✍️ Will Perps become rampant and repeat the mistakes of FCoin? After Hyperliquid and Aster, a bunch of platforms are using incentives such as Points Farming, zero transaction fees, and transaction rebates to crazily drive trading volume, hoping to achieve value capture after TGE. However, history often bears striking similarities and is prone to repeating the same mistakes. The current Perps chaos is becoming more and more like the "trading mining" dominated by FCoin in the past. How long can the false prosperity stimulated by incentives last? Worth pondering deeply. In recent months, I have received some DEX cooperation invitations every few months, but most of them have declined because fools know they are riding on the heat, including a project that was declared a failure a while ago. In the future, whoever has a good father, powerful resources, and real users will have a greater chance of winning, and airdrops will also be valuable. If none of these elements are present, it is recommended to stop brushing as soon as possible. Compared to the above standards, in addition to projects such as Lighter that are about to become TGE, I still insist on the following four categories: innovative gameplay (such as Variational), backed by exchanges (such as Nado), having a massive user base (such as Metamask), and investing money (such as StandX). Among the four types of projects mentioned above, the one that stands out is Little Fox @ MetaMask. Many people think they just have a built-in Perps function in their wallet to ride on the wave of popularity and release coins. However, what they really want to do is a one-stop financial service platform that meets all your needs in Web3, including but not limited to trading, forecasting, and more. Compared to other platforms, Metamask has a natural advantage, especially the 100 million users it has accumulated after crossing the bull and bear market. Among them are genuine Web3 natives. If we can understand and meet their needs, Little Fox has the potential to create an unprecedented new species. In less than a month, the first phase of Little Fox's reward plan will come to an end, with a prize pool of 30 million US dollars equivalent to LINEA. If the pace is fast, it can be distributed before the Lunar New Year. Those who accumulate more points are likely to earn more points, as there are very few who persist in winning. Based on my actual testing experience and private inquiries, I would like to share some important information that I have learned. I hope it will be helpful to you 1、 More diverse forms of points In addition to the original spot exchange and contract trading, it has also added predictive markets and stock contracts, covering almost all current hot topics with point weights. Whether you like to brush trades or place bets, you can do it all in one app, and even eat more with one fish. For example, predicting that the market is jointly developed with Polymarket, betting on the future through Little Fox, or taking double airdrops. 2、 Stock contracts are a highlight Through Little Fox, you can directly trade stock contracts, in addition to existing targets such as TSLA, NVDA, GOOGL, AMZN, AAPL, MSFT, META, and more will be launched in the future. Compared to traditional stock trading platforms, Little Fox is more convenient and does not require complex KYC authentication; Compared to other products in the cryptocurrency industry (which mostly only support spot trading), Little Fox supports leverage, allowing users to go long or short. 3、 Weighted rewards can be used if possible If you carefully study the initial reward rules, you will find that there are many Boost bonuses, such as redeeming on the Linea network and using Metamask cards to enjoy double points. At the same time, the official will hold point weighting activities every now and then. By spending the same amount, you can earn several times more points than usual. Currently, you can also participate in prediction and earn twice as many points within a limited time. 4、 The higher the level, the better Compared to many DEX, Little Fox's handling fees are indeed relatively high, which cannot be denied. Many people have not persisted due to wear and tear issues. It should be noted that their handling fees are graded, and the higher the grade, the lower the handling fee. Those who have the conditions can rush to T6, which will give them a greater advantage over others. 5、 The initial reward may be linked to the official token Although Little Fox did not make a big announcement, the initial reward plan is likely to be linked to future Fox Coin airdrops, in addition to dividing the $30 million LINEA. Simply put, the points you earn on Little Fox not only allow you to split LINEA, but also most likely receive Fox Coin airdrops in the future. The more LINEA you earn, the more Fox Coins you can airdrop. 6、 Essential points for initial point rewards Please be reminded that regardless of whether you plan to focus on using Metamask or not, you must receive the initial point reward. Do not give up the benefits of freelancing. Please refer to the following steps: ① Search Metamask in the mobile app market and download the latest version of Little Fox Wallet ② Import your wallet private key/create a new one, and multiple old wallets can be imported ③ Find the Rewards entrance on the far right side of the bottom toolbar and click to enter ④ Click on Claim 250 points and continue clicking on Next ⑤ Enter the invitation code NRB1P4 to receive double 500 points ⑥ Check the Rewards section tasks and earn points based on your own situation Finally, regarding this topic: Will the rampant use of Perps lead to a repeat of the mistakes of FCoin? In my opinion, many DEX will fall into a death spiral after TGE, but Little Fox is not very good at it because they have a massive number of real users and walk on multiple legs, with contract business being just one of them.