相信正在经历交通的强烈反对。

随着平台货币发射币的急剧吸引，连续出现了数千万的快速交易

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.

相信正在经历交通的强烈反对。随着平台货币发射币的急剧吸引，连续出现了数以千万分的快速交易，以及一群Web2企业家的吸引力，他们相信曾经在最近的发射台近战中占据了C位置，并成为交通的重点。然而，在兴奋的背后，由于平台的高撤退，经常出现“刮擦”现象，并且缺乏可持续的叙事问题逐渐逐渐出现，社区的FUD情绪迅速迅速加剧。

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

Yapper的暴发已成为FUD的融合，并相信的生态系统面临着多种隐藏危险

$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是信仰生态系统中FUD风暴的融合。据报道，Yapper是一个深层的假AI应用程序，用于制作有趣的高质量视频，平台用户产生了超过1亿个观看次数。它的创始人Emmet Halm创立了在线辅导公司Massapequa导师和大学应用程序平台Acceptitas，这两者都已获得。

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领域的企业家经验迅速引起了他推出的代币$ yapper的关注，甚至收到了Velied官员来支持它的多个转发，将其市场价值推向了超过2800万美元。但是，GMGN数据显示，截至写作时，其峰值的最高下降额已达到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'."

但是这种下降并不是偶然的，它背后有许多因素：一方面，Halm被指控参与了在相信生态系统中的另一个令牌的操作，$ Stealth，该徽标与Halm建立的隐身创业公司相同。面对争议，$ Stealth官员含糊地回答：“这不是窃，也不代表着一种协会，因为此徽标本身是许多“秘密企业家”的共同象征，就像企业家是“不可见的”的信号。

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的创业背景也引起了争议。根据外国媒体的说法，哈佛深红色，声称自己是哈佛辍学生和加密企业家的哈尔姆（Halm）在建立Accestitas时使用了“哈佛学生帮助您上大学”的口号，吸引了许多客户和老师。但是，在收购公司后，Halm无法正确交出，导致大量的导师的薪水是欠款和客户要求退款的要求，这曾经引起法律和道德疑问。

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的发行继续了信仰平台的高抽水和刮擦现象，导致散户投资者以高价接管并遭受严重损失。其中，相信过高的抽水比不仅导致了严重的资本流出，而且导致用户的交易成本过高。根据加密研究员0xloki的说法，当时的核心相信问题与友好技术的核心问题高度一致：净抽水（不会留在生态系统中）太高了，一个买入后，有4％的人消失了（相信收取2％的交易税）。如果简单地根据（当前相信生态系统的累积交易量）进行估算，则为167.8亿 * 2％，净抽水已超过3300万美元。泵的内部和外部交易比率估计为1：3，实际净抽水率（净抽水/总交易量）= 1％ *（1/4）= 0.25％。交易费率似乎为1：2，但实际的净抽水率为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%.

“交易量为100m+，但市场价值少于1000万。这意味着什么？这意味着当零售投资者对交易量最大时，经销商直接将资金投入市场。”加密kol @xingpt指出。此外，由于相信可以通过社交标签快速创建令牌，因此这种方法会导致平台上的新硬币被“刮刀”（先发制人机器人的行为）迅速刮擦（在市场开放时以代币发行或交易开放时以非常快速的速度购买令牌的行为）在市场开放时，然后在“倒入”（倒入时迅速倒入），然后在市场上迅速销售，并在市场上逐渐分配了一定的市场价值。 FOMO追逐高价后，散户投资者通常会成为购买的目标。数据表明，在过去的24小时中，超过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

市场的主要控制驱动了300次以上的激增，发射币贡献了生态系统市场价值的一半以上

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

Panews此前曾报道说，Levels的前任是Pasternak，Pasternak是Clout创始人Ben创建的名人硬币