It is suggested that all exchanges should prohibit supporting this kind of coin exchange and additional issuance

1. If the full circulation market value of the old coin is low, some dealers will still think about collecting chips to pull the market. Now no dealer dares to do this. Collecting a wave of chips and exchanging them for you to increase the issuance several times, how can they pull the market.

2. Even if the project party changes to a new coin, the circulation of the old coin on the exchange will decrease instead, and the project party will not be able to cut leeks with the new coin. The old coin held by retail investors is more likely to rise because of the reduced circulation.

3. In addition to selling out its own shares, the project party’s coin exchange means that the blockchain cannot be tampered with, and the old coin cannot be changed to increase the issuance of the contract. It can only be exchanged for a new coin and called for exchange mapping.

This behavior itself violates the core spirit of the blockchain, which cannot be tampered with and cannot be reversed. Now it’s good, just change the name and shell and circle again.

To be honest, I, as an insider, feel disgusted with this behavior. How can it attract people outside the circle if it continues like this, not to mention that outsiders themselves are biased.