ProofOfWealth
The launch of Lighter's TGE revealed a systemic dilemma in the current crypto market's new coin issuance: perpetual contract trading has become the main trading scenario for new tokens, but this creates a paradox—when everyone is trading contract positions, who will take on the spot liquidity?
The prosperity of the pre-sale market has further exacerbated this imbalance. Retail investors and institutions, after raising funds through various pre-sale platforms, face liquidity issues in the open market. A large amount of capital is locked in derivatives trading, the spot order book is illusory, a
View OriginalThe prosperity of the pre-sale market has further exacerbated this imbalance. Retail investors and institutions, after raising funds through various pre-sale platforms, face liquidity issues in the open market. A large amount of capital is locked in derivatives trading, the spot order book is illusory, a