老白代币经济模型

The world of exchanges is probably like this: Binance is a dominant player at the T1 level, while there are about 10 others in the T2 tier, and the rest can be classified as "shady" exchanges. Since you need to deposit assets into the exchange, it's safer to choose exchanges that are at least T2 or above.

The current ETH/BTC exchange rate has dropped to 0.02, and I expect this number to go even lower. However, some see despair while others see opportunity—perhaps the real value game will only begin when the last early profit-taker leaves the table.

Once Meme coins pursue practicality, it's like a clown taking off its smiling mask—what people love is that absurd symbol. When institutional funds complete their layout and need to create a profit effect to attract retail investors, there is no better bait than Dogecoin.

History proves that excess returns in all industries occur during their wild growth periods. When cryptocurrency appears in elementary school textbooks, its era of exorbitant profits has long ended—just as you cannot replicate Jack Ma's success by opening a Taobao store in 2024.

Bitcoin and the US dollar are not even in the same league, just like you can't use a sports car for hauling goods, nor can you use a truck for racing. Today, let's set aside those hype slogans about "disrupting hegemony" and explain this matter from the fundamental logic of economics.

Before the emergence of ENA, stablecoins were either severely centralized or prone to collapse like the algorithmic stablecoin LUNA. You wouldn't imagine that stablecoins could utilize the simple operation of "shorting" to achieve stability, and the results are quite good.