Recently experienced a BSC chain project on the Butterfly platform, which is quite interesting from the perspective of on-chain ecology. Combined with the current upgrade narratives of several public chains, the logic of this project is not bad, especially if the number of holding addresses can break the 1 million mark, which would be a good validation opportunity.
BSC's inherent advantages of low transaction fees and high transaction efficiency are quite evident in this type of project. This infrastructure is indeed friendly to early-stage projects. However, the current liquidity is limited, and investing in this kind of project generally requires a long-term holding mindset, more like playing a probability game.
What to watch is whether the diversity of addresses can keep pace with growth. If truly decentralized participation can be achieved, there is still room for imagination in the future. The current liquidity deficiency is quite obvious, making it unsuitable for short-term trading, but as a small allocation option, it is still worth tracking.
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SelfCustodyBro
· 18h ago
That million address node is indeed interesting, but you need to be mentally prepared for liquidity issues. It's like betting on whether retail investors will really come.
If address diversity isn't maintained, even the best ecosystem logic is useless. That's what I care about most.
Early projects are like this. Low BSC transaction fees are an advantage, but they also easily become a hotbed for rug pulls. Small allocations are the safest.
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RebaseVictim
· 22h ago
The node for the million addresses seems a bit fake; I’ve seen several projects hype this up before, but none have delivered.
With such poor liquidity, how can you dare to hold long-term? You must have a really strong heart.
BSC fees are cheap, but can this project really survive until the upgrade cycle?
Address diversity sounds very professional, but in reality, it’s just asking if there’s any popularity.
Small investments are okay, but don’t go all-in; playing probability games ultimately results in probability-based losses.
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GasFeeSurvivor
· 22h ago
The key nodes of the million addresses are correct; what really matters is whether retail investors can keep up with the rhythm. Otherwise, it becomes another whale's playground.
Liquidity is indeed awkward; short-term trading is basically not worth it. Betting on probabilities still requires a steady mindset.
I've seen many projects that can't keep up with address diversity, and in the end, they all end in deadlock.
It's worth tracking, but just don't go all in.
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Blockblind
· 22h ago
The key point about the million addresses definitely needs to be monitored, but liquidity is really a pitfall; it's the same in the early stages.
If address diversity can't keep up, no matter how much potential there is later, it's all in vain. You're right about that.
The advantage of BSC is its low cost; otherwise, early projects wouldn't survive at all. It all depends on whether true decentralization can be achieved.
It's a probability game, right? Basically, it's gambling. I'm also allocating small amounts, anyway, I can't afford to lose.
With such a lack of liquidity, short-term trading is out of the question. Too many people are just accepting losses and exiting.
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FlashLoanLord
· 22h ago
Can the milestone of one million addresses be broken? It feels uncertain.
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With such poor liquidity, why bother with long-term? I think it's mostly going to fade away.
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Lack of address diversity indicates a pump-and-dump scheme; don't deceive yourself.
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Small investments are okay, but don't expect a turnaround. Keep a positive mindset.
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There are too many similar projects on the BSC chain; homogenization has killed them.
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Observing the growth rate of addresses is a good idea; the data will tell the story.
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Long-term holding? Still a gambler's mentality. I choose to wait and see.
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The advantage of low transaction fees has long been eroded; it's all about operations.
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Does reaching one million addresses really matter? Quality is the key.
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Probability games are just gambling; don't dress up risks so poetically.
Recently experienced a BSC chain project on the Butterfly platform, which is quite interesting from the perspective of on-chain ecology. Combined with the current upgrade narratives of several public chains, the logic of this project is not bad, especially if the number of holding addresses can break the 1 million mark, which would be a good validation opportunity.
BSC's inherent advantages of low transaction fees and high transaction efficiency are quite evident in this type of project. This infrastructure is indeed friendly to early-stage projects. However, the current liquidity is limited, and investing in this kind of project generally requires a long-term holding mindset, more like playing a probability game.
What to watch is whether the diversity of addresses can keep pace with growth. If truly decentralized participation can be achieved, there is still room for imagination in the future. The current liquidity deficiency is quite obvious, making it unsuitable for short-term trading, but as a small allocation option, it is still worth tracking.