2025-12-26 04:21:15

Last week, Biconomy added a new token called MITX, from the MItradex platform, which mainly focuses on bringing real estate assets on-chain—a typical RWA (Real World Asset) tokenization approach. Honestly, at this point in time, it somewhat feels like riding the wave of hype.

RWA has indeed been extremely hot this year. The average growth across the entire sector is close to 186%, with leading projects like Keeta Network soaring to a 1794.9% increase. Once such impressive results come out, all projects want to attach the RWA label to themselves. But here’s the problem: very few projects actually hold proof of real assets, most are still just storytelling.

MItradex seems to fall into this category. Looking at their official website, all the real estate projects are just renderings, with no certificates of property rights or third-party custody audits seen. In this situation, the token’s value is essentially just a gamble on market sentiment—basically no different from traditional air coins.

Another bigger hidden risk is regulation. RWA projects, especially those involving real estate and income rights, are considered securities under the legal frameworks of most jurisdictions and must operate with proper licenses. It’s currently unclear whether MItradex has a compliant framework in place. If regulators take it seriously, the project could be halted immediately.

From a short-term trading perspective, this wave of RWA hype might still have some momentum in the first quarter of this year. If the overall market sentiment improves, it’s not surprising if MITX gets caught up in sector rotations and is pumped again. But such hype can’t last too long because the project itself has no cash flow and no dividend mechanism, so it can’t sustain long-term valuation.

My advice is to wait and see. Only consider entering once MItradex actually releases certification reports and audit reports for the real assets. Currently, the risk significantly outweighs the potential reward.

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LiquiditySurfer

· 15h ago

Another render scam, a typical RWA disguised as an air coin --- The regulatory sword will fall sooner or later, and right now it's all just leeks being harvested --- A 186% increase is considered top-tier, MITX doesn't even have property rights certificates and still wants to tell stories? --- It might still be possible to make a quick profit in the short term, but I really can't play with projects that lack cash flow for too long --- MItradex's operation is truly outrageous, launching on exchanges without even basic audits? --- Where is the real asset proof? Just looking at a few renderings and expecting me to FOMO? Laughable --- This wave of RWA hype might last a few more months, but projects like MITX are bound to blow up eventually --- Let's wait and see, anyway, entering now is just gambling on people's foolishness and their money --- Tokenizing real estate sounds high-end, but in reality, it's just using a new bottle to package old tricks

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CryptoWageSlave

· 15h ago

Another project riding the RWA hype, with a render as a property certificate? Ridiculous. Once regulation comes, it will directly blow up. I don't even look at these kinds of projects. Short-term trading is okay, but long-term? I don't touch things without cash flow. Let's wait for the audit report; jumping in now just makes you the bag holder. This is just a pump-and-dump coin disguised as RWA. After a 1794% increase, someone has to take over. Tokenizing real estate sounds impressive, but without real assets backing it, it's all pointless. Let's wait and see. There's really nothing to be overly concerned about.

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BackrowObserver

· 15h ago

Another RWA disguised as an air coin, with the effect diagram acting as the property certificate. This move is truly remarkable. Once regulators step in, MITX could be wiped out instantly. Brave gamblers indeed. Short-term trading is fine, but don't expect to hold long-term. Things without cash flow will eventually cool off. Wait until they release the audit report. Entering now is just gambling on human nature. An 1794% increase makes people eager, but MItradex's tactics are too old. Honestly, this wave of RWA hype has completely exhausted everyone's creativity. Inexperienced people see a 1700% rise and rush in—truly throwing money away. They don't even have property certificates but still dare to go on-chain, calling it an RWA project. So many follow-the-trend projects, why choose the one with the least bottom line? Compliance or not has never been the concern of these projects. Anyway, just cut a wave first. Early investors might make some profit, but the risk level is truly excessive, brother.

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StakeTillRetire

· 16h ago

Another render RWA, hilarious, skipping this time --- Regulation is coming, everything is doomed, do we really want to bet on this? --- How many times have you played the hype game, and do people still believe it? --- No audit, no property rights certificate, just trying to scalp investors, textbook case --- RWA growth is real, but this project clearly isn't the right fit --- Short-term hype might work, but don't expect long-term success; no cash flow means a dead end --- I've seen too many render project examples, let's wait and see next time --- With such high regulatory risk, it's better to bet on Bitcoin price fluctuations --- MItradex's recent actions are truly outrageous, transparency is a negative score --- Maybe they can make a quick profit in Q1, but I won't participate in this kind of gambling

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InfraVibes

· 16h ago

Another bunch of renderings to fool people, where is the real property certificate? --- The RWA sector is indeed attractive, but this MITX looks like just riding the trend. --- To put it simply, without audit or custody, it's just air. Once regulation comes, it will be directly suspended. --- Wait and see. It's not too late for them to show real results before getting on board. --- A 1794% increase is indeed tempting, but the foundation is shaky. I'm still observing. --- They don't even have a property certificate, so talking about real estate on the chain is laughable. --- It might be pumped up for a short-term boost, but without cash flow or dividend mechanisms, the true nature will eventually be exposed. --- This is a typical case of opportunism under the RWA craze. Just watch and don't touch. --- Regulatory risk is the real killer. When the time comes, the project teams will have already run away. --- I've seen many render project proposals; this time is definitely just the old routine.

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MidnightSnapHunter

· 16h ago

Another RWA story, using a concept art as proof of ownership? I'm already tired of this routine. Changing the guise of a meme coin to RWA is quite a good story to spin. Regulation is the real issue here. On-chain real estate involves securities attributes, and sooner or later someone will get fined. In the short term, it might be possible to ride the wave and speculate, but without cash flow or dividends, it can't be sustained in the long run. I'll wait and see when MItradex actually releases an audit report. This hype won't last long; anything without fundamentals is like this. The rapid increase in RWA prices actually indicates a bubble... Keeta's 1794% surge is crazy.

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Tokenomics911

· 16h ago

Another render RWA, I've seen this routine too many times Once regulation comes, it drops to zero immediately. This is not an alarmist statement

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