Codatta's project has insufficient new information. I briefly looked at it, and it seems that we first get the tokens, but they won't be listed immediately. They will start circulating after they are listed. The purposes of doing this can be guessed as follows:

1. Market-driven pricing, meaning letting users build their own liquidity pools, thereby stabilizing investors' expectations after the opening through time, similar to pre-market trading, but more public than that.

Although the tokens have been issued, all the tokens are locked and cannot be withdrawn. There might be tokens outside, which I think is possible. Even if there is no circulation at all, some exchanges can still list data tokens, so essentially, the probability of possibility 1 is not very high and not very meaningful.

2. Avoiding the situation of a price crash immediately after listing. Now, whether it's TGE or Alpha projects, I believe no one can say 100%, but at least 90% of the time, people get tokens and sell them immediately. This means that, apart from a few projects, the opening price is basically the peak, which is not good for the project parties or Binance.

For users, it's also not good; they can mindlessly short it. Even if they are currently stuck with some losses, multi-data tokens are likely to recover if they wait a bit. But if the tokens cannot be traded, the longer the holding time, the more likely investors might forget about them, like I often do. 🤣

3. Similar to point 2, the main reason for point 2 is to hope to reduce one-time sell-offs. However, if these tokens cannot be traded, but there are enough application scenarios or staking opportunities, they can let users apply them first, familiarize themselves with the project through applications, which may deepen their understanding of the project, and they might actively lock more tokens. But I think this is not easy to achieve either.

4. There will be other hidden gameplay, which is unknown. However, Binance has made many attempts in the airdrop field, so let's see what innovations the new model brings. But overall, allowing users to make money is the most important thing.