I left a comment under @mscryptojiayi's article. I read it several times but still didn't quite understand it. My understanding of the crypto needs improvement. After reading Fengmi's article, I gained some insights. From the logic of making money, how to get ahead and acquire cheap tokens is our goal. From the project team's perspective, how to secure a niche ranking, valuation, listing on exchanges, market pricing, insider trading, etc., is the project team's goal. The primary market sets the price, and after that, it's about financial maneuvering. It depends on the secondary market's acceptance and the capital operation capabilities of the fund managers. These two systems are about how retail investors can profit from them. Jiayi is excellent as always in explaining the narrative, marketing logic, and market pricing of projects. I wish XDO continued success in leading the market in the new year. I only understand a little bit of Fengmi's views. I will gradually understand them in the future. I will learn from the seniors in the crypto industry and continue to improve myself!