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Recent collapses of some projects have prompted a core reflection: liquidity mining can never replace genuine marketing.
Many projects fall into a misconception—constantly hyping within the crypto community, trying to rally community incentives to defend the project, while their token prices are shrinking. This cycle is fundamentally unsustainable.
The reality is harsh: projects must develop products with real market demand, rather than relying on mutual hype within the community. Only by establishing true PMF (Product-Market Fit) can effective marketing to the real market be achieved. Relying solely on leftover VC ecosystem resources is not sustainable.
The rule of this market is simple—adapt to change, or be eliminated.
Here comes another reality check—those who only engage in hype and air marketing should have been gone long ago.
Product strength is the key; projects that rely solely on community hype will eventually fail.
I've seen too many of these scenarios; very few off-topic issues are truly resolved.
The core still comes down to whether it's reliable and trustworthy; everything else is just superficial.
It's just another cycle of cutting leeks; why are people still falling for it?
PMF (Product-Market Fit) is really a thousand times more important than marketing, but unfortunately most teams don't want to do it.
VC funds have been spent long ago; it's time to wake up.
Liquidity mining is just a gimmick; the product is the real key.
This market is like this; projects without real substance are doomed to fail.
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Another "community is strong" project has collapsed, hilarious
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The era of hype and pump is really over
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I've seen through this trick long ago, it's just a new disguise for rug pulling
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PMF sounds fancy, but it's really about creating real value
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That VC money can't save a bad project, it will fail sooner or later
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Every crash follows the same excuse, but the next project just repeats the same routine
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Community incentives? That's just throwing money to make people stay
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Adapting to change sounds simple, but almost no one actually does it
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Liquidity mining was just a gimmick, and now I realize it's too late
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People still shouting HODL despite token devaluation, it's truly incredible
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Another bunch of talk-only projects, no products, just blowing hot air
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That's true, but how many projects truly listen and take it to heart?
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VCs' leftover scraps can't sustain anyone; it's time to wake up
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Liquidity mining = a game of pass-the-parcel; sooner or later, someone has to take the final step
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Tired of hearing "product is king," but some still gamble on the secondary market to catch the falling knife
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PNL (profit and loss) determines everything; no matter how strong the fundamentals are, they can't withstand a dump
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Community hype is indeed pointless; ultimately, money is invested in projects with traction
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Honestly, those still mining now mostly have a gambler's mentality
Relying solely on community hype can't save the market; a falling token price is the most honest feedback.
Before PMF is established, everything is nonsense. VCs have probably already spent all their money.
The market won't lie; either create something or get out.
This round of big reshuffling should eliminate these vapor projects. Just looking at them is exhausting.
Sweet-talking propaganda might fool a wave of people, but there's no follow-up; real projects still need real stuff.
Another wave of VC funds fleeing, and poor retail investors are still trying to buy the dip.
Liquidity mining? That thing is just hot potato; you'll be out sooner or later.
Project teams keep bragging about PMF, but the user base is pitifully small—it's laughable.