From heaven to hell, ZKC taught me the truth of investment.

It’s a bit embarrassing to say, but I must admit that on the day ZKC was listed on Binance on September 15, watching ZKC soar from $0.79 to an ATH of $2.13, my FOMO heart felt like it was struck by lightning, and I could only hear one voice in my head: buy buy buy!

As you all saw, just as I entered the market, ZKC started its plummeting performance, now lying dead around $0.63. As an old player in the crypto world for many years, I want to say that this experience has given me a deeper understanding of zero-knowledge protocols and market sentiment.

First, let’s talk about why I was attracted to ZKC. The Boundless Network project indeed has some unique aspects; it is not just another Layer 2, but a universal ZK computing market. In simple terms, it distributes those complex zero-knowledge proof computing tasks to a decentralized network of provers to handle. This sounds very technical, but it actually solves a very practical problem: various blockchains now want ZK technology, but building their own proof systems is too costly, and Boundless provides a "ZK proof as a service" platform.

What excites me even more is its economic model. ZKC is not just a governance token; it is the economic security foundation of the entire network. Provers need to stake ZKC to obtain work opportunities, with the staking amount being 10 times the cost of work, which means the cost of malicious behavior is very high. Moreover, the most interesting part is its PoVW (Proof-of-Verifiable-Work) mechanism, which does not engage in meaningless calculations like Bitcoin's PoW; here, the work is all ZK proofs with actual value.

From a technical perspective, Boundless indeed addresses some pain points. Now various ZK projects operate independently; zkSync does its own thing, Starknet plays with its own, and Polygon has another set. But Boundless provides a universal solution that any blockchain can access and use. It’s like the AWS of the ZK world, providing basic computing services.

However, ideals are beautiful, but reality is stark. The price performance after ZKC went live was textbook-level "good news fully priced in." Although the technology is impressive, the market is clearly more concerned about token supply and selling pressure. The 15M Binance airdrop, coupled with the sell-off from various early participants, caused the price to plummet directly from heaven to hell.

@Boundless #Boundless $ZKC