As an early participant in the Jager token, I have witnessed the development of this project. The community discussions around Jager are often filled with extreme praise and criticism, and today I would like to share my views and experiences regarding this token.

Jager was initially distributed through a comprehensive airdrop, which indeed aligns with their promoted concept of openness and transparency. However, it is worth noting that the airdrop only accounted for 8% of the total supply, while the remaining 92% was allocated to liquidity pools for mining. This design gave early participants, especially those who entered at lower price points, a significant advantage. Even at the current price, they still maintain profitability, while new investors may end up as the ones left holding the bag. Although this mechanism is not a 'pump and dump' in the traditional sense, its effects may be similar.

I personally benefited from the liquidity pool, building an LP at a price point of around 12 USDT when it was listed on Binance, and exited around 15 USDT, achieving about double the profit.

However, certain actions of the project team are questionable. The token price has experienced significant fluctuations, from 3 USDT to 22 USDT, then down to 7 USDT, and finally rising back to 18 USDT. What made me decide to exit even more was that the project team launched an initiative to encourage retail investors to form a zero-tax trading pool. This contradicts the previously promoted dividend and burning mechanisms, which may allow large holders to offload their assets more easily and increase the risks for retail investors.

The project party does not increase liquidity themselves, but encourages retail investors to do so, which is confusing. In this situation, I chose to exit, and in hindsight, this decision was correct.

Overall, the Jager project showcases the complexity of the cryptocurrency market. It has both innovative distribution mechanisms and potential issues. For interested investors, I recommend thoroughly researching the project's details, closely monitoring market trends, and carefully assessing risks.