It's quite amazing, I found that there isn't much fundamental difference between the current cryptocurrency circle and the one five or six years ago! May I ask, who remembers the most typical examples of FCoin and Fomo3D back then? These are two projects that have completely changed my perception. Give newcomers a brief introduction, it will reshape your trading philosophy! —— one ⃣ FCoin: The pioneer of "trading as mining, holding coins as dividends" initiated by Zhang Jian in 2018, and the most popular Ponzi exchange of that year. Simply put, for every transaction you make on the platform, you will receive a platform coin FT, and the platform promises to allocate 80% of the transaction fee to FT holders. And FT, in essence, is an ongoing ICO that is unlocked through trading mining mechanisms. Imagine that the data, liquidity, coin price, and valuation of an exchange are all fake, and are all pushed backwards by this incentive mechanism. But as long as everyone is willing to act, even fake ones can rise, receive dividends, and manage market value. And then the most amazing place came—— At that time, most of the circle should have been browsing Fcoin, and the trading volume directly surpassed Binance. The FT market value once entered the top ten, and before the collapse, it became the undisputed number one trading platform in the universe. Calculate that for every 100 BTC of trading fees, the team and early investors can split 59.2 BTC of real gold and silver. After playing this game for 2 months, you can split 53280 BTC. How many current ICOs can achieve such a fundraising scale? two ⃣ Fomo3D: a Ponzi smart contract game with low entry barriers and huge bonuses, which was the hottest game in 2018 and almost all humans reached a consensus. It simply doesn't even have a narrative, the page is just a prize pool, a 24-hour countdown. The gameplay is open and transparent, with the core being one sentence: By purchasing a Key (admission ticket) with ETH, you can receive dividends. Every time a Key is purchased, its price will increase once and the game time will be extended by 30 seconds. The last person to buy the key can take away the entire prize pool. But as long as someone buys before the countdown ends, the countdown will be refreshed. A complete capital market! Everyone knows that this thing will eventually go to zero, everyone is voluntarily participating in an open fraud game, and everyone wants to cut off the money of the previous person. This means that it is almost impossible for anyone to become the last person to win this prize pool, and they can continue playing until the collapse. These two projects had a huge impact on my logic back then. Fcoin changed my view on data, and Fomo3D changed my view on human nature. All the new styles that followed actually did not go beyond these two dimensions. What kind of on chain dividends, trading mining, incentive rebates, game betting, game countdown, if you think carefully, are actually just Fcoin and Fomo3D that have been skinned.