As long as it is a project with cash flow income, issuing tokens 100% is due to the pressure from the lead investor in the Series A round who cannot be mediated.

Why do projects with cash flow income not distribute dividends to investors? Sorry, this is the crypto world. In the crypto space, when projects make money, they do not distribute dividends to token investors!

If investors cannot receive dividends from project revenue, why do retail investors think they should receive dividends?

As long as it is an airdrop project, there is a high probability that the follow-on investors in the Series B round are not paying enough attention to the money. The project party and the Series A investors want to use the airdrop to wash the money out of the company's account. The money from Series A investors is returned in full, while the money from follow-on investors in Series B is split 3/7.

Here, a small portion is given to retail investors, studios, and KOLs to silence the retail investors while slowly unlocking the follow-on investors in Series B.