Recently, the popularity of#doublerhas skyrocketed. The number of members in the official DC group has exceeded 85,000, and the activity is very high, which is rare in the current cold fur market.
I believe many people have heard of this project, but after taking a look at the complicated official website interface and mechanism, they were immediately discouraged.
Another reason is that because this project did not disclose the team information and the amount of financing, I was prejudiced against it and gave up on further research.
Including me, the project party invited me to participate in the test as early as August. At that time, I just took a quick look and didn’t pay much attention. Later, under the constant recommendation of my friends, I started to study it. Finally, I figured it out a little bit, and I can’t wait to share it with you.
Projects like this that have a certain cognitive threshold still need to be treated with caution. Always be respectful of innovative projects. Don't sneer at them just because they don't have financing, because big problems are often hidden in them. Arkm has already given a warning.
Next, I will use easy-to-understand words to help everyone understand this project, ensuring that every partner can understand it.
First, you need to understand a term: Martingale strategy
Simply put, this is a method of doubling your bet, that is, if the previous investment results in a loss, then the next bet will be doubled based on the previous bet. Continue betting in this way. As long as one bet is successful, all previous losses can be recovered and a profit can be made.
In our case, the way to play in the cryptocurrency circle is: Buy ETH at a certain price, and double your position every time it drops by a fixed amount. Then, no matter how low ETH drops, your average cost will be infinitely close to the current price, and you can make a profit as long as it rebounds a little bit. However, its disadvantages are also obvious, that is, if you keep guessing wrong, the amount you need will become larger and larger. Once the decline or loss exceeds your personal ability, the Martingale strategy will fail, and the entire closed loop will be completely broken.
Doubler aims to solve this problem: using a large number of retail investors’ capital to fight against the market, using an open crowdfunding pool to create a Martingale with almost unlimited funds, lowering the average price of retail investors’ positions, waiting for the price of the currency to rebound and make a profit, while participants can receive DRB token rewards, and the last layer of participants can win huge bonuses. Others can also keep their principal.
Let’s take a simple example using the doubler protocol: You created a pool when the ETH price was 1,600, and set the take-profit price to 5% of the average price. Every time the price dropped by 1%, you doubled your position. At the beginning, the pool was closed and no one else could enter. Until the price dropped by 1%, the second-layer pool would open to make room for newcomers to enter the second layer. When the amount of ETH invested in the pool reached twice that of the first layer, the pool would close. Then if the price rises to 5% of the average price, you can take profits. If the price continues to drop by 1%, the third-layer pool will be opened to make room for newcomers to enter. And so on, all costs are spread out until the price rises to the predetermined take-profit threshold.
In addition, Doubler has set up a reward mechanism. Each participant will take a small portion of their profits into the prize pool to reward the last-tier users. This will be a very large reward when the pool is large. Everyone is in the last tier when they first join. Does this attract more people to join and share the cost to win the prize? Even if you are not in the last tier, you can keep your principal and leave when the price rebounds. At the same time, you can also get the DRB token reward, which is a complete win-win situation.
In summary, Doubler is a very innovative on-chain project that applies the Martingale strategy to the DeFi field. And because it is based on smart contracts, it has decentralized and tamper-proof features, which can perfectly solve the trust crisis and funding problems.
It is logically self-consistent and innovative in mechanism. It can actually solve the problems that currently plague retail investors. It can be said to stand out among the current cookie-cutter Defi products and has great potential. The ceiling is very high, and it is a must-buy project!
