Since 2017, I have experienced the first year of blockchain. From 2017 to now, I really have witnessed too many tricks and disguised swindler projects, as well as many boasting and braggart project leaders. It dare say that I have cultivated myself from a newbie to a veteran. When becoming mature, whatever tricks in front of me is apparent as if taken an X-ray. With a contemptuous and disdainful attitude, I entered the ABT community, lurking, attending every class of them and carefully studying every publicity material.
At the beginning, the project almost had no media publicity or media campaign, almost no regular operation of the coin community were found, with no presentation community, media exposure, offline meetings, etc. Only when logging in to the ZBX exchange, it was mentioned when ZBX released news flash of coin world. What I was thinking at that time was just a poor guy despite of being so rodomontade. But I was still patient, lurking in the ABT community. Although I din't often read it, I won't miss a message. Until one day, a man named Richard gave a lesson on deep analysis of ABT. During the whole class, he just talked with text analysis but not video. When I read each line of the text, I felt as if he had peeked at my diary, otherwise, how could he know what I had experienced in the coin community these years.
Richard said: the information is asymmetric in ICO and IEO issuance mechanism, and the price is low in the early issuance; with the promotion of the issuance, the price is getting increasingly higher; after it is launched on exchange, the centralized cash arbitrage and selling will appear, which will eventually make the coin holders in high price lose all the capital invested, which is also the most common means that one is drumming while the others pass round a spray of blossom -- a drinking-game.; it breaks out in 2017 and leaders in the coin community basically come out to make presentation and a group of green hand who have no judgment ability finally turn into the newbies that are exploited.
His words brought me to the brilliant year of blockchain in 2017. However, Richard was obviously merciful. In 2017, not only the green hand was exploited. It can be said that in 2017, apart from the community leaders, none of the rest of the bottom users were lucky. The money earned in the last ICO project was also lost in this ICO, just like gambling. I made some money following the trend, and then like a venture capitalist, I believed in the so-called internal information, and invested more than 20 ICO projects at once, thinking that as long as one hundred-coin of these 20 projects would make me rich. However, many of the ICO projects I invested in have broken service and I was lucky enough to break even but lots of people around me suffered a lot. But even to this day, I miss that year very much. It's like a gambler going into a casino that just want to do it again to win back all the money lost. However, the fact is that I have been poorer and poorer in the coin community these years, so Richard is right, those ICO/IEO projects are not fair.
Richard said: physical mining, such as BTC and ETH, are capital asymmetric, the underlying logic of such issuance mechanism is fair; everyone outputs based on the contribution value to the block, however, it becomes an equipment competition for better returns; whoever has good equipment and large amount of capital will produce more tokens, finally the returns of small capital investors cannot be guaranteed; moreover, due to the participation of the head resources of the mine pool, mining field and the electric field, the rate of return cannot be compared with that of large-scale capital; the large-scale operation of the mining field and the settlement of fund owners eventually become another hunting ground.
When hearing that, I felt a fit of tingles in the heart, because in 2017, a crazy year for Bitcoin mining, in addition to some ICO projects, I also followed the trend into the "mining community". When Bitcoin was close to 12W, I purchased a batch of AntMiner S9 produced by Bitmain with some friends. In that year, it was a particularly crazy for mining. At that time, the spot miner was speculated to more than 30000 yuan, and the future miner I ordered would be arrived three months later. What happened in three months was familiar to veteran players in the coin community that Bitcoin prices were in a slump all the way until 2018. And the money I put in at that time was not recovered even in 2020 when Bitcoin is cut down again. So was I exploited by Bitmain or by the mining field, and Richard is right that risks are everywhere when you go with the stream in the coin community.
Richard also said: there are also some issuance mechanisms, such as Defi and Hdu, which are typical mechanisms in pledge mining, are asymmetric in time. In the early stage, the revenue from pledge mining is very high, and the online circulation is very small. However, it is generally accompanied by the use of funds and pledge time and other related factors that affect the final rate of return, and the communities that enter later have no price advantage any more, even the hundred-coin, thousand-coin or ten-thousand-coin have nothing to do with most communities, and they can only serve as a follower buyer; this asymmetry also leads to large-scale losses for many communities.
Actually, as a veteran in coin community, I have learned to no longer follow the tide, but carefully study some new hot models. In fact, when I first contacted ABT, I thought that the world was conducting community interaction to start projects in the name of "Defi and Hdu" models, and ABT appeared at that time, it was not news jacking, which made me more curious. Actually, I always know that all the project leaders of the coin community are thinking about how to exploit from the newbies, but no one really invests. This community is full of holes in these project exploiters’ operation; the environment is also messy and bad. It makes no sense whether it is "public chain" or "token" if the issuing mechanism and the application logic of a coin cannot solve the problem of who will buy and who will use. As a coin holder, he doesn’t care whether you cooperate with China Mobile or with the Federal Reserve, but only cares what does this have to do with him and whether there is any immediate interest.
At this time, ABT has let me start to re-examine him, because I think that ABT has understood the pain spot of this community. What is business opportunity? "Where there are complaints, there are business opportunities...
And our complaint to this community is "unfair", and the game between dealers and retail investors should be the sentence: the arm is no match for the thigh-the weaker can't contend with the stronger. Therefore, we are no longer loyal and have no faith any more. We get used to follow projects and invest a little for each of them. Because we also know very well that as long as we run fast, they can’t exploit us! But after running round and round, looking back, we found countless casualties. We missed good projects, and suffered from bad ones. Anyway, the surface of the false prosperity let us immerse in it. After watching so many projects and when meeting ABT, I really felt a little tired and wanted to settle down. Like a playboy, being tired of playing, suddenly wants to get married.
After deeply studying ABT, I want to say ABT is not only magniloquent, but also ambitious!
"Give me a fulcrum, and I will pry the whole coin community. This time, the" fairness "of the coin community will be redefined to pay tribute to the divine logic of ABT.
To here, my attitude has undergone a great change of 180 degrees, because I understand, so I show respect. First of all, the investment amount of ABT project is fair. No matter you are a fund holder of a large amount or a green hand, as long as you have an ABT with a value of 200usdt you will take the threshold for entry, everyone will be equally. Secondly, the sequence of entry time is fair. ABT will not change the amount of investment due to the sequence of your entry, and there will not be too much income fluctuation. Third, playing method is fair, ABT uses the original POS +POL mechanism (full name: Proof of Lottery) as the issuance mechanism of ABT. Anda very nice name called "Medvedev Lotto" is vested to this system.
The way to play "Medvedev Lotto" is to make a group of seven people, select a lucky audience in the form of Lotto who will get ten times of the hash rate, and the other six people will be twice the participation reward. In this way, everyone has a one in seven chance of becoming a lucky person. In fact, even if they participate in the reward, users can also have profit output. It's just that ABT takes advantage of this way to pull the stickiness of the community. Looking at the issue logic of ABT, it is very similar to Bitcoin mining: the pledge of ABT with the market value of 200USDT is to purchase the miner. Unlike Bitcoin mining, you don't need to iterate the miner, and it's not really consumed. This part of capital can be redeemed at any time, but the project clearly stipulates that it can't participate again within 30 days after redemption. This operation is typical: I allow you to pass through my whole world, but I don't allow you to move around in my world, that is, you can collect wool and I want to make friends with you, or otherwise, good-bye after the wool is collected... To participate in this Medvedev Lott, in addition to the ABT worth 200USDT as a pledge, we also need ABT worth 20USDT as ticket, which is equivalent to the miner transportation fee and miner power cost in Bitcoin mining. The difference is that it is not really consumed, but will be returned to users. Additionally, Medvedev Lotto will require users to participate in the hash rate lottery every day, burning about 10USDT of ABT one day, which is equivalent to the electricity cost of Bitcoin mining. Although the cumulative investment of this small project does not exceed 3000 yuan, it pays tribute to Bitcoin instead...
This "small project" with its own deflationary divine logic plays the game of time and space incisively and vividly. The seemingly insignificant deflation logic largely solved the fundamental logic problem of "who will buy and who will use a coin".
It is such a "small project" that will pry the secondary market with internal disk users, radiate the whole coin community, make the whole community crazy, and it is really possible to redefine" fairness of coin community".
In addition to the above mentioned, ABT has made the issuance mechanism accessible on the chain, all information is open and transparent, and the decentralized smart contract is in operation. There is no fund pool and no project leader, so it is truly open, just, fair and transparent, which has protected the fund security of the users to the greatest extent.
For such a small project, I calculated that when the whole community has 30000 Medvedev Lotto accounts, it will contribute 60000000 RMB worth of value-added space to the secondary market every month. (Each account burns 10usdt a day, 30000 accounts account will burn $30W market value, and each month will be $900W, that is, nearly 6300W RMB each month and 750 million RMB of ABT in a year). This deflationary price rise logic is unique in the whole coin community. It is absolutely not a fantasy to start a hundred-coin of ABT. What is the concept of ABT unit price of 100USDT? The overall market value should exceed that of Ethereum!
For such a small project, although it pays homage to Bitcoin, I believe time will be greatly reduced to adopt the brand-new mechanism POL compared with ten years of Bitcoin. I believe that the ambition of ABT is far more than the present, there must be a great vision, let's look forward to it!
