2025-12-31 02:04:13

Let's talk about the PERP DEX track. Among the current mainstream projects, the top 4 have not issued tokens yet and are purely mining farms for trading; the last 2 have already completed token issuance, but their ecosystems are still under construction.

Taking one of these projects as an example, the founding team has a solid background—former head of the contract business at a leading exchange, which carries weight in the industry. More importantly, the project has no VC support throughout the process, relying entirely on the community and trading mining to drive a cold start.

Based on actual participation data, the investment scale of a single account is around 16,000 USDT, and there are nearly 10 such active accounts operating within the ecosystem. To be honest, trading mining on PERP DEX before token issuance still presents opportunities. Just be careful not to get caught in a scam. Some projects clearly aim to exploit users before token issuance and then withdraw, so you need to have the insight to distinguish authenticity and avoid blindly following the trend.

PERP-0,9%

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AirdropNinja

· 11h ago

Token mining before issuance is indeed risky; it depends on whether the team is reliable. --- Starting with 16,000 USDT? That's quite aggressive; not everyone can handle it. --- The absence of VC backing is actually a plus, indicating there's no rush to cut the leeks. --- The key is to distinguish who is genuinely building the ecosystem and who is just good at fundraising. --- Ten active accounts don't sound like much; is the hype enough? --- My biggest dislike about trading mining is the exit scams; early participants lose everything. --- The team has a good background but lacks supporting cases; relying solely on reputation is uncertain. --- Don't blindly follow this phrase; it's a golden quote. Many people fall into the trap due to FOMO. --- Pure community-driven cold start? Easier said than done. The ecosystem needs to survive first. --- Putting in 16,000 with about ten active users? That liquidity is simply not enough.

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NotSatoshi

· 12h ago

Rugging before issuing tokens and running away after issuing tokens—this routine is getting old. Lacking VC support is actually a plus, indicating that the team is truly confident.

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DEXRobinHood

· 12h ago

No VC, purely community-driven. I've been burned once by this logic... being cautious is not wrong.

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FastLeaver

· 12h ago

Having no VC backing is actually a plus, indicating that the founders truly believe in this... However, with an account size of 16,000 USDT, it seems that the cost of harvesting profits is a bit high, which in turn suggests that the project team isn't in such a rush to escape. Mining before the token launch indeed has a window of opportunity; it all depends on whether they can cash out before the team runs away.

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GameFiCritic

· 12h ago

Only 10 active accounts with 16,000 USDT, this data is a bit cold... Can the ecosystem really heat up? --- Listening to a pure community-driven project without VC support sounds good, but there are too many schemes to issue tokens and then run away. You need to really have vision. --- The first 4 projects haven't issued tokens yet? That’s gambling on the team and economic model, very risky. --- The background of the original exchange leader is indeed substantial, but the key is whether the token release mechanism is reasonable. Otherwise, the ecosystem’s retention will be very bleak. --- An ecosystem supported by 10 big accounts... It’s close to explosion but still needs a bit more fire. However, early participation with good mechanism design can indeed be profitable. --- Issuing tokens before launch is definitely an opportunity period, but those projects that clearly just want to cut and run... really should be avoided. Better to miss out than get trapped. --- A single account with a scale of 16,000 indicates that small retail investors still dominate; big funds are watching from the sidelines. --- PERP DEX track still depends on infrastructure and product experience. Pure mining attracts users, but retention rate is worrying. --- It feels like the entire ecosystem is still in the exploration stage. The real test is whether it can hold onto this group after issuing tokens.

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