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The subscription for the fifth phase project KDK on Gate Launchpad has successfully concluded. The enthusiasm this time was indeed unexpected, with nearly 7,000 users participating and a total subscription amount reaching 146 million, resulting in an oversubscription rate of 13832.70%. This set of data clearly shows how optimistic everyone is about this project. To reward all users who participated in the subscription, Gate has also prepared a series of subscription benefits as a thank you. This explosive level of participation reflects the market's enthusiasm for quality projects and proves the attractiveness of Launchpad as a project incubation platform.
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7,000 people competing for a project, this is what true market heat looks like, it's even crazier than when I was playing Uniswap right after it launched.
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Looking at this data, I know that I didn't act when it was time to buy the dip, and I was a beat slow when it was time to participate, this is just my usual operation.
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I'm too familiar with this reward scheme, first play people for suckers, then sweet talk them, haha but I will still keep playing.
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My over ten years of on-chain experience tells me that the more explosive the heat, the bigger the risk later, but then again, how can you earn compound returns if you don’t take a shot?
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146 million in total trading volume, if I could squeeze out some annualized returns from this, that would be great. Has anyone researched the later stages of liquidity mining?
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The Launchpad model has been played out for a long time, but people are greedy, and so am I, let’s be greedy together.