In Web3, Tokens are the most important product.
Price is the report card of the team’s "operations and distribution": Where does the purchasing power come from? How to hedge against unlock/selling pressure? How to protect market-making and treasury? How to connect narrative rhythm? How are tokens and projects linked in a positive cycle?
First look at people, then look at the market (people/money/rhythm).
Only those who can understand Tokens deserve to talk about "products".
If a Token performs poorly over the long term and only quickly cuts people off, please directly blacklist it.
