KLAY: The scam of brand upgrade is revealed, traders should short it instead of buying it.

Binance supports KLAY's brand upgrade to KAIA, and will delist KLAY on October 28. As soon as the news came out, KLAY skyrocketed instantly, but in fact, this was just to pull the market to allow the dealer to sell.

Binance has had many brand upgrades before, and it has never skyrocketed so much after the announcement of the news. The reason why it can pull the market this time may be that the popularity of KLAY is too low, and few people buy it, and the dealer can't sell all the goods. It can only let more people know about it by pulling the market and skyrocketing, so as to attract retail investors to buy and take over.

Brand upgrade is not a good thing, but a bad thing. I have explained this logic many times before, and I will persuade one person if I can.

Brand upgrade is nothing more than token replacement, that is, the project party sells all the previously issued tokens from their hands and issues new tokens. Since the project party has the right to allocate tokens, they can allocate new tokens to themselves again, and can then sell the tokens to cash out and leave.

It is said that the circulation of KLAY has increased after the upgrade. For such project parties that do not care about the value of the project and the interests of retail investors, what good results can be achieved by investing in them?

Refer to the upgraded tokens such as $G and $RENDER, how they depreciated. Therefore, shorting is enough.