OCR cutting-edge technology strikes instantly, Monad mascot token $CHOG creates a 100x miracle.

  • The Monad mascot token, $CHOG, was launched on the mainnet, and within three days, a "golden dog" token with a market cap reaching 10 million levels emerged.
  • To avoid detection by surveillance bots, the contract address (CA) was shared only within an image on their official Twitter account.
  • Despite this, a sniper using OCR (Optical Character Recognition) technology successfully extracted the CA from the image, buying 9% of the supply at a market cap of around $40,000.
  • The investment of approximately $3,756 resulted in profits exceeding $410,000, achieving over a 100x return.
  • OCR technology, which converts text within images into editable digital formats, has been previously used in crypto, such as during the launch of Kanye West's $YZY token.
  • The incident highlights that in an environment where information is widely accessible, efficiency in processing information and deep ecosystem understanding are critical for gaining an edge, as manual advantages diminish.
Summary

Three days have passed since Monad TGE launched on the mainnet, and last night, a 10M-level gold dog, $CHOG, finally appeared on this new chain.

This is a fairly obvious golden dog, because Chog is Monad's mascot. When Monad first launched on the testnet, there was a testnet NFT craze, and this character has always been one of the most popular NFT series in the Monad ecosystem, from simple to super-hot.

What's unique about Chog's approach to releasing CA is that they posted it on their official Twitter account, but included CA in a single image. This helps them avoid being targeted by many surveillance bots.

But this didn't deter some snipers with "black technology." @casino616 successfully attacked $CHOG when its market capitalization was only about $40,000, spending about $3,756 to buy about 9% of the total $CHOG supply, ultimately accumulating a profit of over $410,000, creating another story of over 100x returns for a single coin in the crypto world.

This success has once again brought the cutting-edge technology of "OCR" into the public eye. OCR technology, short for Optical Character Recognition, is a technique that uses optical technology and computer algorithms to recognize and convert text in images. It can convert scanned documents, photos, books, or other images containing text into editable digital text formats, such as searchable content in Word, TXT, or PDF formats.

While including the token contract address in the image can filter out snipers who only scrape the tweet text, it can't stop snipers with "OCR" (Optical Character Recognition). In fact, this isn't the first time OCR technology has been discussed by cryptocurrency players, and it's even more familiar to those specializing in on-chain token sniping.

The last time OCR was discussed was probably when Kanye West launched his cryptocurrency $YZY. At that time, Naseem, the first person to buy $YZY, faced scrutiny because he had also successfully attacked $Trump and profited $109 million. One explanation was that Naseem used OCR technology to directly capture and purchase any CA (Crystal Token) contained in an image without manual input.

As on-chain players acquire increasingly advanced technologies, the gap in information access has almost disappeared. Take the $CHOG contract tweet as an example; everyone could see it immediately. Therefore, the ability to process information more efficiently became the key to victory. Not needing to manually enter the token contract address significantly reduces purchase costs. Furthermore, the level of understanding of the Monad ecosystem determines whether players dare to buy this new token and, if so, how large a position they are willing to take.

In a market environment where narratives fail, making money is becoming increasingly difficult.

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Author: 区块律动BlockBeats

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

Image source: 区块律动BlockBeats. Please contact the author for removal if there is infringement.

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