🚨 If a project that's been around for years is finally launching a token now, just eat and run without looking back. It's the same with OpenSea, but personally, I always think that if a project has been in the scene for years without a token and suddenly starts launching one now, you should eat and run.🏃‍♀️🏃‍♀️🏃‍♀️ I tend to really dislike projects that operate for a long time without thinking about tokens and then suddenly start launching them. We've discussed this in the chat before, but typical examples include: Jupiter ($JUP) PumpDotFun ($PUMP) MetaMask (not out yet) OpenSea ($SEA) and so on. There are platforms with many fans domestically, but if I were to write down the honest reasons: ------------ 1️⃣ Those who didn't plan for a token from the start have no tokenomics or structure at all / it's hastily made. These platforms didn't even think about launching a token or consider it. This means the team was operating the product without any thoughts on revenue structure, management structure, tokenomics, utility, etc. When building a product, even if they think about how to use the token, they don't know if it will succeed or not. Most of the time, they approach it with the mindset of "where do we fit the token now that everything is made?" What are the chances of success with that approach? Those who thought about tokens from the beginning design their projects with plans on how to earn money and how to use the token. But if a product is built without the main pillar of a token, how can they just add a new pillar later? It's like saying, "Let's add an elevator (token) to an apartment (product) that was built without even considering it" five years later. Will that apartment hold up? Will a proper elevator be installed? They might as well just move to a new house. ---------------- 2️⃣ If a place that operated without a token suddenly launches one after a long time, it's 99% likely that they are failing + it's an exit. Well, honestly, they can say it nicely. Now that we've grown, we will decentralize, The community has supported us for five years, so we want to give back~ Aren't we a web3 project?? They might embellish their words, but To be blunt, the reason for launching a token in a place that has been running for a long time is really They can't make money anymore and it seems like they are going to go under, so they want to create a revenue structure with a token. That's 99% of the time. Most of them were making money during their heyday, operating like a web2 product, and now that their revenue has dropped to 1/10 and they are starting to struggle, they think, "Oh, should we launch a token?" I'm sorry to say this, but honestly, Jupiter, PumpDotFun, MetaMask, and OpenSea are all the same. During their prime, they were literally money-copying products. After eating all that up and taking their profits, when they see that trading volume, market share, and trends have all passed, they launch a token. If the examples I mentioned had tokens from the beginning and managed them well with their profits, they would probably all be in the top 10 by market cap. But launching a token while going downhill? Hmm.. I would never do that. ---------------- 3️⃣ Let's support teams that are trying to operate by launching tokens from the start or shortly after their inception. There are many mottos in web3, but one of the biggest parts is that ultimately It's a world where everyone contributes and everyone shares. Tokens were largely born to fulfill that role. Friends who launch tokens from the start or shortly after their inception are essentially aligned with a long-term vision. On the other hand, those who launch tokens after eating everything for years do not have a long-term vision of growing together with users. It's more like, "Our company is ours. You are the users." In contrast, there are many projects in the scene that choose the difficult path of growing together with tokens. Even if they make money, it's better to earn through them, and even if they lose together, it's just better for the industry as a whole. Why do we pour affection into projects that see users as cash cows!! ---------------- Anyway, I've rambled on, but It's natural for anyone to participate and do things to make money. But personally, I feel that investing in such projects or accumulating them for holding rather than trading feels like challenging a game with a probability of less than 1/3 from the start. When things are good, when they have their trends (wallet swaps, memes, NFTs), they eat it all up, And when the trend is ending a few years later, they ask for trust again! I can't look favorably at those who launch tokens. In a market where it's questionable whether they can even think about token design from the start, After eating everything, how likely is it that they will succeed?~ *I'm not criticizing all projects of this kind, just saying that there are many like this~.