The Temptations and Traps of Crypto Assets: A Call to Return to the Essence

In the field of Crypto Assets, some project teams seem to have contracted a "centralized exchange dependency syndrome." They blindly follow the instructions of certain well-known exchanges in an attempt to achieve so-called "ultimate returns." This practice leads them to overlook user needs and the original intention of Crypto Assets.

The rapid development of Crypto Assets can be attributed to three main reasons: decentralization against the concentration of power, the revolutionary nature of blockchain technology, and the significant wealth effect gained by early participants. However, in recent years, capital raising methods have gradually deviated from these core values.

The current token issuance market is increasingly resembling the IPO model of traditional finance, where retail investors often become the ones to take over risk capital tokens. Meanwhile, Memecoins have emerged, which, despite lacking practical use, offer more equal participation opportunities and potential high returns.

Venture capital often overly relies on the founder's educational background, professional experience, and geographical location when selecting projects, while neglecting the technical potential and innovation of the project itself. This practice leads to a highly homogeneous investment environment, limiting true innovation.

In contrast, truly valuable projects should possess both a strong dissemination effect and technological potential. They can quickly attract user attention and have the ability to develop technologies that solve global problems.

Crypto communities should reassess the value of projects, not overly emphasize the founders' backgrounds, but focus on the actual quality of the code they develop. At the same time, retail investors need to be wary of projects that are overvalued but have very low actual circulation, as well as tokens that are listed at high valuations on centralized exchanges.

Although most tokens may eventually go to zero, there are still a few projects that can succeed through strong dissemination effects and technological innovation. This high-risk, high-reward characteristic is precisely the charm of the Crypto Assets market.

With the advancement of technology, the issuance and trading of tokens have become more convenient. This provides more opportunities for people from different backgrounds and allows the market to price project values more freely. However, it also brings more speculation and risks.

In the end, the Crypto Assets community needs to return to its roots, focusing on projects that truly possess innovation and the ability to solve real problems, rather than being deceived by short-term gains and false prosperity. Only in this way can Crypto Assets truly realize their revolutionary potential and bring value to a wider user base.