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Event ends: August 9, 16:00 UTC
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Daily Observations by Jifeng: New meme trend, "Daosfun", longs go up k times!
Recently, MEME has a new trick, "Daosfun"
Simply put, it's a new crowdfunding platform where everyone pools money to invest: everyone puts money in, and when the funding is enough, trading of the fund shares can begin.
There is also protection for investors, such as if you invest 1 SOL, and it rises to 10 SOL, you can sell it on the market. If it falls below 1 SOL, it will allow you to redeem your SOL and withdraw the Token from circulation. Falling has a bottom, rising is limitless, admitting defeat incurs handling fees.
The risk lies in the lack of Liquidity, which makes it difficult to redeem and the transaction fees erode profits.
From Pumpfun to Moonshot to Daosfun, this series of gameplay is like an evolved version of Liquidity Mining, constantly attracting retail investors by packaging new concepts and mechanisms.
It seems like an opportunity for getting rich overnight, but it's actually just a "dumb buying relay race": shouting slogans of no VC, fair launch for retail investors, community autonomy, and in the end, "fam all dumb buying each other".