The bear season is not kind to everyone too. Many legit utility coins and tokens are feeling the heat too. Some are down more than 50%. In fact if you take a research on the average dump of utility vs shitcoins, you would be surprised at what you would get. Take for example, what happened to Dogecoin recently. Same to Shiba Inu
I agree with you to an extent. Burns are now deployed as a soft scam tool by most developers these days. We can't ignore it. New projects now use it to attract investors. They mint like a gazillion amount of tokens and build a burn code into it, then regularly hit the codeto cause small pumps, thereby attracting new investors
I think you're a bit harsh on Dogecoin and Shiba Inu. Yes they did dump. Yes, their billionaire targets may not like them. But you are forgetting something: We are in an unforgiving bear market which is unrelenting. Even legit coins/tokens with huge utility are biting the dusts. If this was in bull market, the story would be different Get some perspective
I think the way to go is Biswap and many dexes that have that same business model. I mean the cashback model whereby almost all or even all of your transaction fees are reimbursed. I heard Binance is charging zero fees. I don't know if it percolates down to the Binance Dex
Now that is also good indicator to a project survival and credibility index. Right now many projects are biting the dust left , right and center. Even new ones are finding it hard to take off. The older experienced ones are stagnating, and are finding it difficult to keep to their roadmap and thus promises
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