Just half a year ago, if a project said, "In this community round, the price is the same as the price in the previous round participated by institutions," I would think it was an absolutely promising project about to explode.

Now, if a project says this, my first reaction is, "Oh, so I am the liquidity that is exiting!"

Of course, in the past, I would think pessimistically: Damn, how did the industry turn into this?

Now, I just want to say: It seems that the negative feedback from the secondary market not picking up hasn't yet transmitted to the primary market, especially not to the foreign projects. I hope they realize this immediately and respond accordingly, then all lines will collapse and all will break, allowing the bears to profit even with negative rates.

In this situation, why are you still dreaming about auctions for community rounds? Don’t you understand what you are doing, you leeks? Are these foreigners really stupid or pretending to be? What are they thinking at this time?

You only have one way out now, which is to set a price that everyone immediately thinks is undervalued, and treat these discounts as marketing expenses.

Stop pretending, no one is picking up. It’s useless to find KOLs on #kaito @KaitoAI to shout for you, because after #kaito releases the coin, it will become a "negative asset." The more projects that Kaito KOL shouts for, the more intense the FUD will be.