The new way of playing people for suckers in the crypto world on Polymarket.

Author: BroLeon; Source: X, @BroLeonAus

Yesterday, an interesting play appeared on Polymarket. Did you think that project teams could only rely on issuing tokens to make money? No, they have evolved to the point where they can harvest on Polymarket even before the project tokens are issued.

The specific situation is as follows: Someone has specifically set up a bet on Polymarket regarding how much funding the new project Solomon on MetaDAO will ultimately raise.

This Solomon project has gained some exposure in the Chinese community because the fearless exposure of its founder as a wanted fraudster from Zkcasino, but overall, it is actually not very popular.

However, after the Polymarket prediction market came out, it attracted quite a few people to make small bets because it was relatively new. For example, @liangfenxiaodao mentioned that even raising 40M would be quite exaggerated.

Especially shortly after the start, it seemed that someone launched a DDoS attack against the MetaDAO official site, making it temporarily inaccessible. Everyone analyzed that someone deliberately initiated the DDoS to win; as long as no one could deposit money in, it seemed like a way to make money.

As it was about to end, most people on the market thought they would raise at most 40 million. But then something outrageous happened; one person rushed in with 100 million U one hour before the public offering ended, directly causing the majority of those who bought No to be blown up, including Brother Knife.

I can't think of anyone other than the project party who could be so generous with this amount of money.

This is the highest public fundraising record in the history of MetaDAO, ultimately exceeding 102 million. But more importantly, they have developed a new harvesting method that is much safer than going short on Perp. As long as you have enough bullets in your pocket, you can decide where to explode completely.

In the future, if the liquidity on Polymarket is good enough, project teams can indeed lose money on their projects while making profits on PM, as long as the hype is sufficient.

One still has to admire that some people's minds are indeed quite agile. Polymarket and other prediction markets should see more innovative plays in the future, which is worth looking forward to.