The Eighth Theory of Demystification: The Project Party's Mouth, The Deceiver

Originally, this was a topic that would come up much later, but given the recent market conditions, we are elevating its priority

As we all know, the success of a project heavily relies on timing, location, and people, while the failure of a project largely depends on the project party itself

Among them, the project party's words are one of the biggest potential hazards. They can

In the early stages, rely on words to secure financing, in the mid-stage, rely on words to depict the project blueprint, and in the later stage, rely on words to deceive retail investors. In the end, everything comes together: "Sorry, we failed," and they walk away with profits

This is not just a joke; it has been a reality that once happened, but now it is no longer so blatant

At this point, we mainly discuss the later stages of the project

Generally speaking, most project parties tend to give community users a series of expectations and 'promises' in the later stages of the project, such as we will have xx TGE; we will provide xx shares; our protocol income will distribute dividends to token holders

The goal is to manage expectations properly, on one hand attracting new users to participate, and on the other hand ensuring the retention of old users, which is understandable

However, the reality is: the words were spoken last year, and the tokens are being rushed to be released this year; share distribution needs to be adjusted/reduced because we went on xx; as for dividends, it's just a nice thought

Therefore, rather than listening to what the project party says, it's better to look at what the project party does

Actions are always more important than words. Are there relevant actions at the agreed time? If unable to meet deadlines, do they communicate with the community in advance? Are they actually providing users with the promised shares/dividend conditions?

Here, it is especially important to note that do not fantasize and add to things that the project party has not said themselves. "If only it were xxx," in the end, only you will suffer

A classic case is Uniswap and $Uni; the former maintains an income of tens of millions of dollars per month, while the latter has not received any profit dividends. A dividend proposal has never been truly implemented, yet discussions about it are still frequent

So, what are you still fantasizing about?