For the cryptocurrency market, I believe that no one has the right to think and judge on behalf of the market itself, let alone make moral accusations The enthusiastic participation of users and the passion for in-depth research and development of related strategies around the demon coin have already demonstrated everything People enjoy it, how old are you Firstly, high control demon coins are by no means a completely bad thing. Although his logic is manipulative, there are several things that cannot be denied: 1. Zhuang has no absolute advantage -The battlefield of demonic coins is contracts, which can be long or short. Whether it is a retail investor or a bank, there is no difference in the choice of the next order. This is in contrast to the unilateral cost disadvantage of relying solely on spot trading, where individual investors can only go long. The cost of spot goods in Zhuang is not the absolute winning factor in the game, the depth of the pocket is the key -Praying mantis catches cicadas, followed by yellow sparrows But even if the pockets are deep enough, what's the point? Zhuang's funds often come from allocation, which incurs costs At present, no Zhuang dares to say that he is the person with the deepest pocket in the whole room. Last year, the incident of a famous cryptocurrency company killing and selling multiple positions is still vivid in my memory Not to mention the existence of exchange risk control Therefore, Zhuang is also playing a game. Although they are not playing the same game as individual investors, they are not omnipotent in the game and can still become prey Due to such restrictions, their behavior must have boundaries and characteristics, and there must be positive EVs that can be traded and won by opponents This is a conclusion drawn by many trading researchers through practice, and I believe that those in the Chinese speaking region have read enough in the past few days 2. The logic of the contract actually drove Zhuang's re-entry To save the people, save the officials first; to rescue the market, save the village first Even Zhuang feels that the market lacks a structural logic for making money and is far away from the market. So this market is really a stagnant pool Zhuang itself is an institution, a prerequisite and main force that can bring funds to the market If you see so many retail investors being cut off, the market will be finished after all the leeks are cut off. "Those who have this idea may have a good level of risk control in their own trading, but they either haven't been honest or haven't been at the forefront of the market Retail investors in the external market are like hungry sharks, the only thing that attracts them is the taste of blood. When Zhuang brings capital into the market and creates opportunities for volatility, as long as there is a 1/1000 positive EV logic (including regime specific), they will definitely enter the market You can call them gamblers, but the reason for the continuous stream of gamblers is not because the probability of gambling games is more fair. But it's because of Zhuang Neng's ability to start 3. Accusing CEX of purely reversing the cause and effect The emergence of Zhuang Coin was first and foremost a market choice, which is currently the optimal solution for institutional funds (Zhuang is actually an institution) to participate and retail investors to find opportunities Of course, the improvement in trading is also beneficial for the exchange, but accusing the exchange of "indulging" is purely counterproductive The market made the choice first, how did it become a problem for the exchange? I think Binance has done everything they can under the compliance framework requirements and goodwill needs, issued market maker rules, and effectively implemented risk control. Although there were indeed accidental injuries, it was not their intention that caused the problem - especially since the vast majority of them can be quickly resolved More related OIs are now shifting towards other exchanges and on chain platforms This further illustrates a problem that many Western KOLs' accusations are detached from the market and reality, and it is even reasonable to suspect that they themselves are a part of the play 4. The trend of demonic coins being brought to the blockchain is inevitable CEX's demand for risk control intervention in extreme market conditions is inevitable and understandable But the market's demand for opportunities in high volatility market games is also real. Therefore, the demonic currency market is bound to move towards on chain transformation How to make such game opportunities happen quickly and reduce friction among traders participating in the game? This is the PMF that should be solved, rather than being blamed from a high position like the halal faction at Memecoin We @ Hertzfflow_xyz welcome any capable individuals and warriors to build contract trading pairs, allowing more people to participate in the game We are also developing a new generation of oracle technology to enable Binance Alpha, pure on chain, and even more obscure asset pricing methods to quickly form trading pairs and liquidity House for All Games (where the game takes place) HertzFlow.