How did the Dapp of 720 million flowing water fall in one day

Analysis the DappReview articles on April 8, 888 tron the daily water hundreds of millions of Dapp, in less than 2 months, how has completed the journey - top - dying from birth.

TronCrush, on the other hand, has only been online for a short week and only has more than 100 people per day.

The peak of Dapp's one-day trading volume - 888TRON

888TRON, a Dice game, was launched in February this year, and its performance has been mediocre for a month and has not attracted the attention of Dapp market. Since march, however, the game's trading volumes and profit pools have exploded exponentially.

On March 16, it reached the record high value of Dapp -- TRX water worth about 720 million RMB. Then there was a cliff-style crash, with prices dropping all the way from 30+ to below 15 TRX and stabilizing around 4TRX today.

DappReview analysis, one of the reasons for this wave of explosions is 888 tron Dapp other class 2.3 times higher dividends. According to the game's 48-hour dividend rule, during the 48-hour period of March 15-16, the game awarded players about 50 million yuan worth of TRX.

The other reason is that the Dapp game market has been stable after the transformation of TRONbet. The market needs new stimulation, and the Smart Money in the hands of miners needs a new speculation and speculation target.

And what the miners are looking for needs to meet the speculative requirements: new projects, high dividends, technology in place. The 888TRON is meeting the speculative needs of these miners.

DappReview analysis: 888 tron suddenly smashed plate of some of the key reasons

1. Exchanges provide liquidity: exchanges appear in the secondary market, and early holders make a profit and leave

2. No time to thaw tokens: players can be immediately sold after dividends, users arbitrage departure probability surge

3. Market capital reaches the ceiling: for mining tokens, more money is needed for each payout to exceed the previous one. The fund scale of 270 million TRX has reached the capital line of Dapp market players.

4. The prisoner's dilemma of a large family: earnings peaked, bearish expectations of the support, only hit the large to maximize local interests.

TronCrush

As a pre-launch Dapp pushed by KOL, TronCrush is a foreplay presence. The Kiwi exchange was the first to sign up for the program, the token TCC. As a result, the team of TronCrush project had to contact Trontrade, a decentralized exchange, to conduct coinage operation.

On March 26th, the first day of mining, a staggering 1.2 billion TRX. Later, due to too many participants, the project side issued maintenance notices for many times. Then on the 29th, TronTrade abruptly suspended trading in token TCC. TronCrush officials said there was a bug in token TCC's smart contract and the game was still in progress.

But the Kiwi exchange did not stop TCC trading, and huge volumes of selling orders crashed. There must be something wrong with the huge quantity of low-price selling orders in the market. Later, according to the verification from multiple sources, it was found that there was a fatal flaw in the TCC token contract. In the Transfer function (below), there was no judgment on whether to Transfer to yourself. That means you can create money at zero cost.

After this problem was discovered, Trontrade contacted the project party in time, but TronCrush did not suspend the game or contact Kiwi exchange to suspend the trading. The currency was created to make use of this bug to frantically build 15w TCC for selling, so the subsequent crash occurred. Players are disheartened, the game only in a week, declared cool.

conclusion

From the above two cases, it can be seen that in addition to technical problems and game mechanism design, the ignorance of the project party to the market and the delay in dealing with events are the important reasons for the project failure. Dapp with financial attributes is very easy to be exploited by Smart Money. They are good at using unequal information to earn excess profits.

If developers do not understand the market, nor fear the market, but also to develop the game of financial attributes, "Mr. Market" minutes to teach you how to behave.

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