The president issued coins to the version answer, the value of historical boomerang is still rising

Author: Techub Exclusive Interpretation

Author: Babywhale, Techub News

Following Trump, the "presidential coin issuance wave" that the market has been looking forward to has ushered in the first participant. At around 7:00 today, Hong Kong time, President of the Central African Republic Foster Alshange Tovadra tweeted:

Today, we launch CAR, an experiment designed to show how something as simple as meme can unite people, support national development, and bring the Central African Republic to the world stage in a unique way. Contract: 7oBYdEhV4GkXC19ZfgAvXpJWp2Rn9pm1Bx2cVNxFpump.

After that, the president added, “As the second president in the world to adopt Bitcoin as a fiat currency, I have always recognized the potential of cryptocurrencies and its benefits worldwide”, with the website of the Meme token attached . According to Lookonchain monitoring, an address bought a large number of CAR tokens within one second after the president tweeted.

Slow Fog founder Cosine also said on X that the official website announced by the South African president cannot be opened, and the website domain name was registered on Namecheap 4 days ago. The token creator's funds are sourced from Binance, and nearly 80% of the tokens are mainly distributed on 6 addresses related to the creator. In addition, Cosine also reminded that the official website marked by GMGN carries viruses, and users may accidentally get infected with the computer.

As the second country after El Salvador to use Bitcoin as its legal currency, China and the United States have not received much attention. Several data show that the Central African Republic is one of the poorest countries in the world.

Perhaps the national conditions can explain the rough process, and given that the account did not refute the rumors several hours after the tweets of Meme tokens were released, this matter may indeed be true. According to GMGN data, the token was quoted at around $0.34 at the time of writing, and the highest today hit around $1, and the time it was marked as DB by GMGN (Dev Buy) was around 5 minutes after the tweet was posted.

However, the author still needs to remind readers to pay attention to risks. Jupiter co-founder meow said that he has contacted the team that deployed the CAR, but it is still impossible to confirm that the token is indeed officially launched.

Maybe the direction of Web3 was wrong at the beginning?

One of the most intense questions in this round of industry discussion is why the last bull market clearly opened up the imagination for the diversity of applications, but this bull market returned to hype? But what if this problem itself is problematic? If the ideas brought by the previous bull market were just illusions created under the premise of unlimited quantitative easing, what are the so-called Native applications such as DeFi and NFT are not the answers to Web3 continuing to move forward?

"Did you get the wrong direction from the beginning" is a question we need to think about now. When all projects point to high returns, the premise of playing music and dancing can only be to have a steady stream of new funds involved. But the reality is that now there are sickles everywhere in the industry, and leeks are almost out of use. The myth of making wealth has not attracted enough users, but it has actually attracted enough service providers selling shovels and convenient tools to accumulate " Smart people.”

When many people think that Web3 is different, those disasters that have happened in the Internet and finance fields, due to infinite amplification, seem to be about to repeat in Web3. Unlimited issuance of "useless" assets is not the original intention of blockchain, but PvP will continue, and the bursting of the bubble will always be late than expected, but now it seems that the time to think about what the answer to the next version is.