Yua Mikami issued coins to detonate the network, and there was a trap behind the "climax" of Mikami tokens

The well-known Japanese artist Yua Mikami officially announced that she will soon issue her personal theme token “Mikami” on the Solana chain, which sparked heated discussions on the whole network as soon as the news was released. Fans are enthusiastic, while industry insiders are watching coldly - this “artist coin” show seems to be huge, but in fact there are many risks.

The most outrageous thing is that the official directly announced: Japanese users are not allowed to buy. The issuer is from Japan but “stays away” from the local market, which has sparked countless speculations. Some netizens bluntly said: “Is this artistic creation, or is it the monetization of traffic for global investors?” "

Artists have a deep routine of issuing coins: It seems to be huge, but in fact it is seriously controlled

There have always been only two essences of celebrity coins: using fame to pull the plate and cashing out with faith. Yua Mikami’s resume into Web3 can be called a classic lesson plan. As early as 2021, she set a single transaction record of 170,000 yuan with 28 art photo NFTs, which was at the peak of the NFT bubble, which fully verified the ability of her name to attract money.

The tokenomics design of the Mikami token issued this time can be described as “full of sincerity”: 50% of the tokens will be locked until 2069 (when Mikami is almost the age of antiquity), but whether to lock it or not still depends on the “mood” of the project team. The pre-sale stage accounts for 20%, the specific rules have not been announced, and it is likely to be a game for institutions and large players; liquidity is only 15%, and the space for retail investors to buy the bottom is extremely limited; Community and marketing account for 10% and 5% respectively, but in fact these are the bargaining chips of the project team.

In other words, most of the tokens are in the hands of the issuer - this is already a typical VC coin architecture, which is far from the spirit of the advertised meme coin.

Tokenomics analysis: Why do retail investors have so little chips?

Carefully dismantle the chip allocation logic of this project:

Project control ratio: 50% lock-up + 20% presale (mainly for institutions) + 10% community + 5% marketing = 85% of the token weight is in the hands of the project team and institutions

What retail investors can participate in: There is only 15% liquidity and some of the chips in the presale stage, which is often the most expensive second-hand

Risk points: When the popularity of the project subsides, the project that masters most of the chips can unlock and smash the market at any time, and the risk of retail investors taking over the market is extremely high

This design logic shows that Yua Mikami’s move is not so much “issuing coins” as “advanced financing” - using the enthusiasm of fans and investors to smoothly monetize the chips of the project team.

Hidden mystery of regional purchase restrictions: why Japanese users are blocked from the door

The most intriguing is the “Japanese user ban”. This is not just a compliance consideration, but also a meticulous strategy on the part of the project party:

Superficial reasons: Avoid Japanese financial regulatory risks

Deep considerations: Exclude local users, focus on the international market, and avoid the early intervention of Japanese retail investors that make it difficult to sell the project’s chips at a high price

Practical Results: Effectively screen international investors with high risk tolerance and irrationality

This wave of operations indirectly shows that the long-term confidence of the project party in this project is not high - why should a truly optimistic project set a geographical purchase limit?

Investing or speculating: Think twice about calm people

If you must participate, the following points must be clear:

• Holding period: It is suitable for short-term volatility trading and is not recommended for long-term positions
• Participation ratio: Only use a small amount of money that can be lost, accounting for no more than 5% of total assets
• Risk plan: Set a stop loss in advance, and stop loss as soon as the project team starts unlocking chips

Yua Mikami’s Mikami token issuance essentially a perfect combination of fame and capital, a clever balance between fan enthusiasm and the interests of the project team. Before being overwhelmed by the “climax” market sentiment, remember an iron rule: behind every wave of artist coins, there are rounds of chip transfers.