#代币估值与机制 The token flywheel mechanism of Space indeed seems to have been well thought out—50% of platform revenue is used for buyback and burn. I've seen this kind of design logic quite a few times, but few projects can execute it effectively. The key is whether the subsequent real revenue can support this commitment.

Interestingly, regarding the funding background, Echo's oversubscription rate of 1360% is quite significant, indicating a decent community recognition. But I must remain cautious—oversubscription ≠ project quality; it only reflects market sentiment. In their story about the successful UFO round, they emphasized "distribution capability and community consensus," which I agree with, but the premise is whether the platform's trading depth and user stickiness can truly support it.

The 10x leverage + 0 Maker fee setup is indeed very attractive for liquidity, but it also concentrates risk. My experience tells me that high-leverage platforms often reveal issues under extreme market conditions. If you plan to participate in this public sale, I suggest treating it as a medium- to long-term allocation. Don't expect immediate arbitrage right after TGE unlock—that kind of thinking is prone to pitfalls.