The new issuance method of FT as an asset has actually been quite successful, wrapping a person's influence into a new quantifiable asset, and the Bonding Curve can also solve the problem of insufficient early liquidity in the issuance. However, for something that is highly financialized and has a large arbitrage space, you can't expect it to last. The original intention of using it was to make money, without fuel, how can it be sustained?