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This is just the jealousy of those who can't ride the edgeX wave, so I hope you can just ignore it and listen. But I'm questioning whether the trading volume on edgeX is purely genuine trading volume.
I think edgeX is putting a lot of effort into marketing, so they are good at impression management as well.
What I'm trying to say is that it's possible that insiders are creating the trading volume.
If you think about it normally, it's abnormal that the trading volume is being maintained after the point farming period has ended.
Even if there are people aiming for hidden points or NFTs, can it really be maintained to this extent?
Looking at the top point distribution, you can see that certain individuals are farming a significant amount of points.
For example, people connected to the management are generating a large trading volume.
They are farming points.
In the end, they are paying the fees out of their own pockets while pretending to be doing it for the sake of the project.
They could be doing things like this to create the impression that everything is thriving!
The management's tokens are locked, but the farming portion is not.
They can create a lot of trading volume and make it look like they are earning.
The fees can be refunded later.
The points they farmed can be sold immediately.
Wouldn't that be the ultimate strategy?
If they involve influencers lured in by high returns and promote it widely, creating the impression that they are earning this much and expecting airdrops, it could create a mindset that there’s no way it could fail, thus attracting new users and generating fees.
It's gaining traction in Japan and Korea, but it might just be targeted marketing.
If they are indeed making the product look bigger using the methods mentioned above, I think they are market geniuses....
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