Recently, a token called DMC caught my attention. Confusingly, its smart contracts could not be detected from the source code. This is the first time I have encountered such a situation, which inevitably raises doubts.

Recalling some of the so-called 'meme coins' I encountered before, despite potential risk warnings, at least their contracts are open-source, allowing users to inspect and report. However, DMC chooses not to be open-source, which raises the question: is it to cover up some undisclosed operations?

It is worth noting that DMC is issued on the Sui blockchain. As a public chain developed by a Chinese team, it inevitably raises speculation that DMC may also be related to a domestic team. However, if this is the case, why is there a reluctance to publicly disclose the source code?

This opaque practice will undoubtedly raise concerns among investors. Imagine if the development team arbitrarily modifies the code to turn DMC into a 'Pixiu Coin' (a fraudulent token that only allows inflow and no outflow), holders would face huge risks.

In the world of cryptocurrency, the open-source spirit is crucial. It not only reflects the transparency of the project but is also key to gaining the trust of the community. DMC's approach undoubtedly runs counter to this philosophy.

For potential investors, this is undoubtedly a warning signal. Investing without fully understanding the underlying mechanisms of the Token is akin to dancing on the edge of a knife. Therefore, we urge all cryptocurrency enthusiasts to remain vigilant and treat projects like DMC, which are not open source, with caution.

At the same time, I hope the DMC team can face this issue and publicly release the source code as soon as possible to dispel the community's doubts. Only in this way can they gain trust and support in the fiercely competitive cryptocurrency market.