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The old problems in the crypto market still persist—project dumps, whale manipulations, retail investors getting burned. But there is a project trying to use a "flexible bottoming" mechanism to reverse this dilemma, and the idea is quite interesting.
The core logic of the mechanism is actually simple: the bottom price is set at 200U/ trillion, while the current market price is 100U/ trillion. Large holders can proactively redeem at the bottom price to earn the price difference, and the tokens obtained are directly burned instead of being dumped into the market. The U obtained continues to buy tokens to promote circulation.
This design simultaneously triggers four effects—rapid destruction of circulating supply, alleviation of market pressure, reduction of whale holdings, and creation of upward price momentum. It sounds like building a self-sustaining positive cycle.
From a mechanism design perspective, a good mechanism should not be a tool for cutting profits from retail investors, but rather a design that truly adds value to the ecosystem. Such attempts are still relatively rare in the crypto market. Regardless of the final outcome, this kind of thinking reflects industry practitioners' consideration of market structure issues.
Friends interested in exploring this kind of innovative mechanism can follow the progress in this area.