The idea behind the 100% unlock of the Token, I understand — let the market set its own price. But what is the reality? There's no regulation in the crypto world, and once fully unlocked, how many project parties directly engage in dumping and rug pulls? I dare say that most of them are "fully extinguished" and then they just slip away.

In fact, the traditional stock market has long provided the answer. You see, they have hard thresholds at every stage from the angel round, Series A, Series B to IPO. During the concept phase, they secure seed funding, when they have data, they get growth capital, and only after the business model is validated can they go public. Whatever stage you are in, you do what is appropriate and secure the corresponding funding. Although this set of rules is cumbersome, it at least filters out a batch of pure money grabbers. If the crypto world could learn from this logic, it wouldn't be so chaotic now.