#TGE tragedy #zama

I am the one who participated in the public offering, the backer $ZAMA.

0.05 winning bid, 0.035 stop-loss cut, and I even lost a large amount on mainnet Gas fees.

Current price $0.031. Public offering price $0.05. After going online, it hasn't even touched the heels of the public offering price, this is what is known as 'the peak at opening, the peak is underwater.'

Fundraising over 200 million, now the circulating market value is less than 70 million. This is not a unicorn, this is simply a meat grinder. The so-called 'fair launch' and 'Dutch auction' from the project party translates to: 'Fairly hanging all ICO participants on the mountain top to enjoy the wind.'

Tearfully summarizing a few 'pitfall prevention guidelines':

Public offering = blind box (most likely empty): Don't blindly trust institutional fundraising amounts. More fundraising only indicates that VCs can also be trapped, or that VCs' costs are so low you can't imagine. Today's public offerings often mean the project party has already exhausted the valuation in the primary market and is directly handing it over to the secondary market.

Pre-market is a mirror of reality: No matter how strong the project claims to be in the future, if the pre-market price is lukewarm, the opening is likely to be a disaster. This is the result of a full game of supply and demand in the market.

Beware of the 'Grand Slam' trap: Listing on major exchanges (Binance/Coinbase) is indeed beneficial, but it is also the biggest window for unloading. Many projects exist just for this moment. When the good news is realized, it is often the day of a crash.

Dutch auction = a meat grinder for retail investors: This mechanism exploits people's herd mentality, pushing you to raise your bid in order to win the auction. True fairness is allowing everyone to acquire tokens at a reasonable low price, not making everyone compete on who gives more.

In summary: The primary market carries risks, and participating in new offerings isn’t even as good as financial management.

In the future, just lying in the blanket of Bitcoin, no one can trick me away.

#ZAMA #public offering #new offering pitfalls #crypto retail investor diary #Dutch auction lifetime black