2025-12-27 17:23:18

Honestly, our industry has actually built a very strange business model — tokens are pushed to the market long before their appropriate launch time.

How does it compare to traditional financial markets? IPOs usually happen in the later stages of a company's lifecycle. There needs to be real revenue, a proven business model, and the most dangerous startup phase has already passed before going public.

But in Web3, the logic is completely reversed. Projects are often still in the conceptual stage, core products are not even visible, and the team hasn't proven themselves, yet the tokens are already soaring. This has created an entire industry chain — from investment institutions to exchanges, all operating around the goal of "issuing tokens as early as possible."

This fast pace is rapid, but what about the risks? What about the users? What about the true value?

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WhaleMistaker

· 9h ago

You really dare to do it, launching without even a product image or token. How can this logic not collapse?

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StablecoinSkeptic

· 9h ago

I've been saying this for a long time, but no one listens. It's a trap set by a bunch of institutions harvesting retail investors, and now the entire ecosystem is in this state.

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FreeRider

· 9h ago

This is the magic of Web3—the process of reverse IPO... Projects that were early blood moon dump schemes have now become what they are. No one cares about product implementation at all; everyone is just focused on the moment of issuing tokens.

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PerpetualLonger

· 9h ago

Hey, isn't this the best opportunity to buy the dip? Early tokens are cheap, brother. This is how you get your investment back.

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LayoffMiner

· 9h ago

Honestly, this gameplay has been everywhere for a long time, and you still need to write articles to alert the public? Those who got in early have already made a fortune. It's too late now that you see it clearly, bro.

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ShortingEnthusiast

· 10h ago

That's why I've always said the crypto world is a casino, not a market. They haven't even finished writing the white paper before launching the tokens. Can you believe it? --- To be blunt, we're all just links in this chain; no one can escape. --- So the current logic is, whoever can tell the best story wins, and whether the product is usable or not doesn't really matter. --- Comparing IPOs and token issuance is interesting, but people don't really care... as long as it can be listed on exchanges and go up. --- Enough already, same old story. Those who got in early have already made a fortune, and those who only now see the problems should reflect on themselves. --- Risk? Ha, for big players and market makers, where's the risk? The risk has all been shifted onto retail investors.

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