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That day when I woke up, my world nearly collapsed. The project's Twitter was gone, the official website was inaccessible, and Discord was also muted. The "dream project" I had heavily invested in for half a year, with 3 million U.S. dollars, was wiped out overnight. I was in a state of collapse for three days, with a blank mind.
It wasn't until I calmed down and opened my wallet that I realized there was still 500,000 U in another protocol. To be honest, this money was just a "small change" I casually put in at the time, because the returns looked average and far less attractive than that project promising "hundredfold returns."
Ironically, this "low-yield" choice I once looked down upon became my lifesaver. Three months later, it helped me turn around to 800,000 U.
This experience made me realize: the most painful lessons in the crypto world often come from the projects you trust the most. And what can truly save you are those "ordinary" choices you once overlooked.
Speaking of risk prevention, I later understood why some protocols can survive so long. Taking decentralized finance protocols as an example, their ability to resist "exit scam risks" fundamentally relies on these points:
**No Centralized Management**
The protocol is governed collectively by token holders, preventing any team from withdrawing funds overnight. Any major changes require community voting. This design fundamentally eliminates the possibility of malicious actions by the project team.
**Collateral Assets Are Real**
You lock in mainstream assets like ETH, BNB, rather than tokens created out of thin air by a project. These assets are directly managed by smart contracts, and no one can manipulate them. Transparency and security are right here.
**Sustainable Revenue Sources**
As long as users continue to use staking services and generate stablecoins, the protocol can keep operating and generating income. Even if some users withdraw, the entire system won't collapse.
Looking back now, my lesson is: don't put all your eggs in one basket, especially in this market. Proper allocation and risk diversification are sometimes more valuable than chasing the explosive profits of a single project.