何币
何币|Oct 11, 2026 05:31
Baopi says their current liquidity from retail investors is sufficient. I just want to say, there are no retail investors on Baopi. There are even fewer institutions on Baopi. There’s barely any trading volume on Baopi. Baopi’s TVL has been stagnant for a whole year. Everything Baopi says or does gets delayed indefinitely. Before the TGE, they said they’d set up an LP pool and delayed the TGE. After a year, the LP pool is gone. During the TGE, they said they’d do a pre-IPO. Now, it’s still nowhere to be seen. When they launched mining for points, they said it would increase liquidity. Yet, there’s still no liquidity. Not long ago, they said they’d release a major product “immediately.” It’s been a month, and there’s nothing. Currently, Baopi’s daily trading volume across the entire platform has reached a staggering $7M. Baopi’s daily contract trading volume across the platform is equivalent to what I trade in an hour: $20M. They keep bragging about being compliant and having regulatory licenses. But in reality, the number of licenses they hold is far fewer than mainstream exchanges. Does having licenses mean you’ll have users? Does having licenses mean you’ll have trading volume? Backpack says they’re still young, only four years old. Four years, huh? And this is all they’ve achieved? What will you do in another four years, fly to the moon? Baopi, Baopi, I just happened to get rid of my Baopi recently.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads