Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
I have some UNI, with a position ratio of 1.56%. Honestly, it's not worth mentioning; most of the time I choose to ignore it. But recently, the marketing accounts on the square have been too rampant, which is exhausting to watch. Beginners should understand one principle: any recommendation seen on the square should not be taken too seriously.
A square where anyone can register with just an email is filled with people speaking with purpose. Those who promote a certain coin every day generally fall into two categories: either they are holders of high-leverage futures long positions, watching short-term fluctuations of 0.5% or even 0.1% to buy low and sell high; or they are purely marketing accounts. Who among the real spot traders would boast every day on the square? When do genuine coin hoarders talk more? As a result, the more retail investors there are, the more tragic their deaths. Don't expect retail investors to pump the market; more people won't help. This is not about trading volume or capital size; frankly, it's manipulation behind the system.
As for the so-called support and resistance levels of altcoins, it's all nonsense. The so-called KOLs on the square are all armchair strategists. If following them could make money, the crypto world would have disappeared long ago. Following their operations, the most likely outcome is losing everything.
Let's talk about the two leading DeFi projects, UNI and AAVE. First, about UNI—its token mechanism, to put it bluntly, is "dishonest." From the beginning, this protocol was not designed to profit from tokens; it is essentially an exchange, and issuing tokens was just airdrops. The 2% annual inflation plus a fixed unlock of 20 million directly lock the price. Only 630 million tokens have been released so far, with 270 million still waiting to be unlocked. Data from certain platforms is accurate, and major platform customer service has confirmed this, but third-party data has issues. All these inflation and unlock schedules depend entirely on the project team's mood; marketing accounts never mention this—they obviously don't want you to know.
Looking at AAVE, its mechanism is much more transparent, and its market cap is less than half of UNI's. If you have positions in DeFi, you might consider switching to AAVE as a substitute; there's no need to put all your chips into UNI.
Final advice: next time you see marketing accounts on the square, don't just block them; report first. Then leave a comment marking them as (marketing account). This can at least make beginners suspicious and not so easily be led by the rhythm. As I write this, I see a new batch of marketing accounts popping up on the square again—truly hard to guard against.