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Many legitimate crypto projects these days have impressive business models. They issue stablecoins/RWA assets, use transaction fees to buy back their own coins, and only conduct TGEs (Transactions Expired) when certain conditions are met to alleviate selling pressure. It feels like a perfectly polished sports car in a showroom—you can look at it, but you can't actually drive it. 😂 99% of newly launched crypto projects lack positive externalities; user demand is entirely internal to the industry. In the current severely shrinking market, even the best business model won't get the car moving without users to fuel it.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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