相信正在經歷交通的強烈反對。

隨著平台貨幣發射幣的急劇吸引，連續出現了數千萬的快速交易

Author: Nancy, PANews

作者：Nancy，Panews

Believe is experiencing a backlash in traffic. With the sharp pull of the platform currency LAUNCHCOIN, the successive appearance of tens of millions of fast-pass transactions, and the appeal of a group of Web2 entrepreneurs, Believe once occupied the C position in the recent Launchpad melee and became the focus of traffic. However, behind the excitement, with the platform's high withdrawal, frequent "scraping" phenomenon, and lack of sustainable narrative problems gradually emerging, the community FUD sentiment quickly heated up.

相信正在經歷交通的強烈反對。隨著平台貨幣發射幣的急劇吸引，連續出現了數以千萬分的快速交易，以及一群Web2企業家的吸引力，他們相信曾經在最近的發射台近戰中佔據了C位置，並成為交通的重點。然而，在興奮的背後，由於平台的高撤退，經常出現“刮擦”現象，並且缺乏可持續的敘事問題逐漸逐漸出現，社區的FUD情緒迅速迅速加劇。

YAPPER's plunge has become the fuse of FUD, and Believe's ecosystem faces multiple hidden dangers

Yapper的暴發已成為FUD的融合，並相信的生態系統面臨著多種隱藏危險

$YAPPER is the fuse of the FUD storm in the Believe ecosystem. According to reports, Yapper is a deep fake AI application used to make funny high-quality videos, and platform users have generated more than 100 million views. Its founder, Emmet Halm, founded the online tutoring company The Massapequa Tutor and the university application platform Acceptitas, both of which have been acquired.

$ yapper是信仰生態系統中FUD風暴的融合。據報導，Yapper是一個深層的假AI應用程序，用於製作有趣的高質量視頻，平台用戶產生了超過1億個觀看次數。它的創始人Emmet Halm創立了在線輔導公司Massapequa導師和大學應用程序平台Acceptitas，這兩者都已獲得。

Halm's entrepreneurial experience in the Web2 field quickly attracted attention to the token $YAPPER he launched, and even received multiple retweets from Believe officials to support it, pushing its market value to over $28 million. However, GMGN data shows that as of the time of writing, the maximum drop in the price of $YAPPER from its peak has reached 75.62%.

Halm在Web2領域的企業家經驗迅速引起了他推出的代幣$ yapper的關注，甚至收到了Velied官員來支持它的多個轉發，將其市場價值推向了超過2800萬美元。但是，GMGN數據顯示，截至寫作時，其峰值的最高下降額已達到75.62％。

But this decline is not accidental, and there are multiple factors behind it: On the one hand, Halm was accused of participating in the operation of another token in the Believe ecosystem, $STEALTH, which shares the same logo as the Stealth Startup founded by Halm. In the face of controversy, $STEALTH officials responded vaguely, "This is not plagiarism, nor does it represent an association, because this logo itself is a common symbol of many 'secret entrepreneurs', like a signal that an entrepreneur is 'invisible'."

但是這種下降並不是偶然的，它背後有許多因素：一方面，Halm被指控參與了在相信生態系統中的另一個令牌的操作，$ Stealth，該徽標與Halm建立的隱身創業公司相同。面對爭議，$ Stealth官員含糊地回答：“這不是竊，也不代表著一種協會，因為此徽標本身是許多“秘密企業家”的共同象徵，就像企業家是“不可見的”的信號。

Moreover, Halm’s entrepreneurial background has also caused controversy. According to foreign media The Harvard Crimson, Halm, who claims to be a Harvard dropout and crypto entrepreneur, used the slogan “Harvard students help you get into college” when he founded Acceptitas, attracting a large number of customers and tutors. However, after the company was acquired, Halm failed to properly hand over, resulting in a large number of tutors’ salaries being in arrears and customers’ request for refunds being unfulfilled, which once aroused legal and ethical doubts.

此外，Halm的創業背景也引起了爭議。根據外國媒體的說法，哈佛深紅色，聲稱自己是哈佛輟學生和加密企業家的哈爾姆（Halm）在建立Accestitas時使用了“哈佛學生幫助您上大學”的口號，吸引了許多客戶和老師。但是，在收購公司後，Halm無法正確交出，導致大量的導師的薪水是欠款和客戶要求退款的要求，這曾經引起法律和道德疑問。

On the other hand, the issuance of $YAPPER continued the high pumping and scraping phenomenon of the Believe platform, causing retail investors to take over at high prices and suffer serious losses. Among them, Believe's excessively high pumping ratio not only caused serious capital outflow, but also led to excessively high transaction costs for users. According to crypto researcher 0xLoki , the core problem of Believe was highly consistent with that of FriendTech at the time: the net pumping (which would not remain within the ecosystem) was too high, and 4% was gone after one buy and one sell (Believe charged a 2% trading tax). If it is simply estimated based on (the current cumulative transaction volume of the Believe ecosystem) 16.78 billion * 2%, the net pumping has exceeded 33 million US dollars. The internal and external transaction ratio of Pump.fun is estimated at 1:3, and the actual net pumping rate (net pumping/total transaction volume) = 1% * (1/4) = 0.25%. It seems that the transaction fee rate is 1:2, but the actual net pumping rate is 1:8.

另一方面，$ yapper的發行繼續了信仰平台的高抽水和刮擦現象，導致散戶投資者以高價接管並遭受嚴重損失。其中，相信過高的抽水比不僅導致了嚴重的資本流出，而且導致用戶的交易成本過高。根據加密研究員0xloki的說法，當時的核心相信問題與友好技術的核心問題高度一致：淨抽水（不會留在生態系統中）太高了，一個買入後，有4％的人消失了（相信收取2％的交易稅）。如果簡單地根據（當前相信生態系統的累積交易量）進行估算，則為167.8億 * 2％，淨抽水已超過3300萬美元。泵的內部和外部交易比率估計為1：3，實際淨抽水率（淨抽水/總交易量）= 1％ *（1/4）= 0.25％。交易費率似乎為1：2，但實際的淨抽水率為1：8。

"Trading volume is 100m+, but the market value is less than 10m. What does this mean? It means that the dealer directly poured money into the market when retail investors were most FOMO about the trading volume." Crypto KOL @xingpt pointed out. In addition, because Believe allows the rapid creation of tokens through social tags, this method causes the new coins on the platform to be quickly scraped by "scrapers" (the behavior of preemptive robots buying tokens at a very fast speed at the moment of token issuance or trading opening) at the opening of the market, and then "pour" (quickly pull up and distribute) the market after pushing up the market value in a short period of time. Retail investors often become the target of buying after FOMO chasing high prices. Data shows that in the past 24 hours, more than half of the tokens on the Believe platform have fallen by more than 50%.

“交易量為100m+，但市場價值少於1000萬。這意味著什麼？這意味著當零售投資者對交易量最大時，經銷商直接將資金投入市場。”加密kol @xingpt指出。此外，由於相信可以通過社交標籤快速創建令牌，因此這種方法會導致平台上的新硬幣被“刮刀”（先發製人機器人的行為）迅速刮擦（在市場開放時以代幣發行或交易開放時以非常快速的速度購買令牌的行為）在市場開放時，然後在“倒入”（倒入時迅速倒入），然後在市場上迅速銷售，並在市場上逐漸分配了一定的市場價值。 FOMO追逐高價後，散戶投資者通常會成為購買的目標。數據表明，在過去的24小時中，超過一半的令牌平台上下降了50％以上。

The main control of the market has driven a surge of more than 300 times, and LAUNCHCOIN has contributed more than half of the ecosystem's market value

市場的主要控制驅動了300次以上的激增，發射幣貢獻了生態系統市場價值的一半以上

PANews previously reported that Believe's predecessor was PASTERNAK, a celebrity coin created by Clout founder Ben

Panews此前曾報導說，Levels的前任是Pasternak，Pasternak是Clout創始人Ben創建的名人硬幣