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Regarding projects like $Jager, I want to be straightforward. Those who say I am bearish are essentially betting on a probability.
First, look at the fundamentals. There is no real revenue-generating mechanism, exchange deployment is lacking, and there is little profitability on-chain. The only thing holding it up is collecting trading fees to cut into investors' principal, which is not a sustainable approach.
Next, regarding dividends—on the surface, it sounds good, but the actual returns are less than one percent of what Yu'ebao offers. Plus, with a 15% high slippage and taxes, few people are really willing to get squeezed. After being squeezed, what’s left to talk about dividends?
The story of token burning is even more absurd. Even if an air coin is burned down to the last token, it still crashes. Good tokens can inflate and rise, but high-tax tokens just open with a surge and then decline all the way down. If you truly believe that burning tokens after a few years can make you money, you’re just digging your own grave.
Finally, about applications. Various claims of gaming or ecosystem empowerment sound appealing. But what? Before playing games, you first get squeezed by 15%. Who can stand that? Your tokens simply cannot leave the trading pair. Instead of claiming there are applications, it’s more accurate to say it’s just a quick way to cut a wave of profits. That’s the real truth.