Several Dilemmas of Token Issuance 1. For a startup product, issuing tokens diverts the team's attention from the product. 2. For a failed product, issuing tokens is a way for the project team to prepare to run away while giving investors an explanation. 3. For a successful product, the product's income still goes into the team's pockets, which has little to do with the tokens. Why is the public chain token currently the most successful model? Essentially, it is because the token aligns with the product's functionality, and the token aligns with the product's revenue. Tokens serve as gas in public chains, which is very important; the daily operation of public chains requires the consumption of gas, i.e., tokens. However, after more than a decade of blockchain development, there is only one replicable token model in public chains (BTC and BNB are not easily replicable), which can lead to a bit of innovation fatigue.