Magic further solidified what I said earlier: regardless of whether the fundamentals are applications or Ponzi schemes, products have a lifespan. However, tokens are eternal, especially those that have been listed on major exchanges; no matter the current revenue, the liquidity brought by the eventual shell value is likely to outlast the fundamentals themselves. When situations like Magic or FTT arise, it becomes awkward: should we delist or not? Therefore, I believe that creating any utility token or implementing buybacks and dividends may ultimately be a false proposition. If this round indeed moves towards buybacks and dividends, but the coin price remains terrible, then there will be tears. This effect will eventually spread to traditional web2, and the entire capital market will face a new generation of young people together being debunked. Should revenue be generated? Of course, it should; the coins listed in Korea need to be observed. However, what should be considered more is how to create a vibrant meme around tangible products. This is the fundamental source of liquidity for a token. For example, Qvod, the product has been dead for over ten years, but when Qvod is mentioned, there is still a generation of followers; its meme vitality has long surpassed the product itself. The same logic applies to @Enron; most people who are not born in the 80s or are not in accounting have no idea about its story. However, as the largest financial fraud case in U.S. stock market history at the time, which single-handedly brought down the 'Big Five' Arthur Andersen, any young person can grasp its dramatic tension as a meme. In this regard, @sign has done an outstanding job. It knows very well that its core product lacks relevance to the consumer end, so it has focused more energy on creating a good meme and refining abstract consensus. If you are a project party today, I would actually not recommend you to write mechanisms like buyback and dividend destruction (they can be events but not mechanisms); instead, do products like Zhang Xiaolong and do tokens like Zhang Jiao.