The overall path should be: Alpha—Contract—Spot
This is really good, as it allows for better screening of quality projects! BN is indeed changing this!
In the past, project parties would rely on verbal promotions and promises in the spot market, but now they are talking through market data and K-lines, filtering step by step!
I have also observed a number of coins that have recently gone online following this path, and their performance has been very good!
(The above content is for reference, if there is any infringement, please contact me)