A complete guide to investing in the currency circle: risks and opportunities coexist

1. The evolution of the dog project

Once, the birth of the dog project required many processes such as preparing funds, carefully planning publicity, recruiting professional teams, etc., but now it has been simplified to only traffic and creativity. Without a large technical team, with the help of AI tools and social memes, you can attract investors to enter by making an attractive story and attaching a wallet address. This fast financing method is called IDO, and its success or failure often depends on the sponsorship of "predestined people".

2. Typical routines of dog projects

Quick harvest and run away: This is the simplest and crudest way, and you don’t even need to really start the project. Once the funds are in hand, you will quickly withdraw. But the risk is extremely high, and once it is exposed, you will face severe legal punishment. Normal opening: Most of the funds eventually flow into the pockets of the project party. This is a routine operation. The project party realizes the transfer of funds through a series of operations. Add funds, make a steady profit: After the project opens, use the funds received to increase the fund pool, and the project party holds part of the tokens, which theoretically ensures a steady profit. For example, the BOME project adopts this model.

3. Shocking performance of the golden dog BOME

BOME, the golden dog, was successfully listed on second- and third-tier exchanges in just two days, and entered first-tier exchanges in one fell swoop three days later. This is almost unimaginable in conventional projects, because listing on exchanges usually requires a lot of funds, token investment, and even long queues. The rapid rise of BOME has undoubtedly brought a strong impact on the market.

4. Be cautious and invest rationally

Although the local dog project is full of opportunities, the risks should not be ignored. Seeing the high-yield screenshots posted by others, it is easy to cause fear of missing out (FOMO), but we must understand that success is only a minority, and there are more failures and losses hidden behind it. Therefore, when investing in local dog projects, be sure to remain rational, do sufficient research and risk assessment, and ensure that your investment behavior is based on careful consideration rather than impulse.

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