Do you still remember that wave of NFT craze? Back then with Blur and Magic Eden, just listing an order could rack up points wildly, and whether a transaction was completed or not didn't really matter. That feeling is happening again now, but the stage has shifted to StandX.
It is said that StandX has launched the Maker Points program, distributing 5 million points each month. The key point is—limit orders can earn points even if they don't get filled. This gameplay is almost a replica of the logic from the crazy period of the NFT market back then. The points incentive mechanism itself isn't a problem, but when the success or failure of a trade becomes less important, the apparent trading volume can easily be inflated. Market participants need to think for themselves about how to view this kind of mechanism design.
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OPsychology
· 3h ago
Here we go again with this set? Just by posting pending orders to boost points—this is exactly the same trick that the NFT crowd used back in the day.
It feels like the crypto world is so small; just by changing the project name and copying the same logic, who's really trading here?
History loves to repeat itself—wherever there are points, people will rush in.
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NFTArtisanHQ
· 5h ago
here we go again with the performative liquidity theater... standx is basically just copy-pasting the blur playbook but the incentive structure is fundamentally broken. unexecuted orders counting toward rewards? that's not market mechanics, that's just beautified wash trading with extra steps.
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DegenDreamer
· 01-09 15:35
It's the same old story, the tricks to manipulate retail investors are getting more and more elaborate.
History always repeats itself, let's see who will be the last bagholder.
Even if there's no transaction, you still get points? Wake up, this is just a show.
I lost money on that Blur wave, and now you want to scam me a second time?
I've never even heard of StandX, let's wait and see.
What’s the point of刷积分? Even if the price drops, it’s all pointless.
Oh my God, are they starting to manipulate data again? Who cares about real transactions?
Basically, it's just the market makers having fun, and we're just playing along.
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RetailTherapist
· 01-08 05:10
Placing orders can earn you points? Isn't this just the same old NFT scam of cutting leeks with a different disguise? History repeats, everyone.
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GweiTooHigh
· 01-07 19:55
Uh, here we go again, history is repeating itself, always this crazy.
Even if there's no transaction, you still get points? Then I might as well keep placing orders all day to scalp some profit, as long as I don't get liquidated.
That wave of NFT's tail hasn't even finished shaking out, and now we're starting all over again.
It's ridiculous, who believes in the trading volume.
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PhantomHunter
· 01-07 19:50
Is this another set? Gaining points without a transaction, isn't this the old trick of Blur back in the day? Now StandX is just copying it.
Placing orders can earn points, whether or not they are executed doesn't matter. Honestly, it's just for looks.
Oh my God, this is really repeating itself. Why do I feel like I'm watching last year's show?
Wait, to what extent does the real trading volume need to be inflated...
Maker Points sound impressive, but it's still that same superficial stuff.
History always repeats itself, just with a different name.
5 million points sounds like a lot, but the key is, without actual transactions, how can it be real trading volume?
Wake up, everyone. We've seen this gameplay too many times.
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ConsensusDissenter
· 01-07 19:43
Ha, another new trick to cut leeks? Even limit orders can earn points, how deceptive...
Damn, isn't this just a replay of the NFT craze back then? Same old story, different packaging.
StandX's approach is quite ruthless; there's profit whether a trade is executed or not. No wonder they dare to play like this.
To what extent is the real trading volume diluted? Who doesn't have a sense of it...
They're just continuing that show, the mechanism encouraging wash trading never goes out of style.
This is called the "wealth creation myth," after all, leeks love this set of tricks.
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GhostChainLoyalist
· 01-07 19:43
Here we go again, history always repeats itself in astonishing ways. But this time, I'll see how much wool I can fleece first.
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GasFeeGazer
· 01-07 19:43
Here we go again, I know this routine well. Back in the Blur days, it was really exciting. Now StandX is pulling the same stunt, still the same old trick.
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Getting points even without a transaction? Isn't that just data inflation? The trading volume looks good, but it's all fake. Interesting.
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5 million points a month sounds like a lot, but in the end, it's just a game of scalp farming. I'll see how long they can keep this up.
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Basically, it's just a disguised way of harvesting users. Changing the name of the wash trading mechanism again. The tricks are upgraded, but the essence remains the same.
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This mechanism design is really clever. Even without transactions, there are rewards. Maybe I should just list 10,000 orders and get an explosion of points.
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The shadow of that NFT wave hasn't fully disappeared yet. Now they want to repeat it? Can't they be a bit smarter?
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Wait, isn't this just turning into a pure points farm? Is real trading volume even important anymore?
Do you still remember that wave of NFT craze? Back then with Blur and Magic Eden, just listing an order could rack up points wildly, and whether a transaction was completed or not didn't really matter. That feeling is happening again now, but the stage has shifted to StandX.
It is said that StandX has launched the Maker Points program, distributing 5 million points each month. The key point is—limit orders can earn points even if they don't get filled. This gameplay is almost a replica of the logic from the crazy period of the NFT market back then. The points incentive mechanism itself isn't a problem, but when the success or failure of a trade becomes less important, the apparent trading volume can easily be inflated. Market participants need to think for themselves about how to view this kind of mechanism design.