To be honest, when YGG announced the issuance of coins, I was a "digital farmer" in Axie. The group was in an uproar, with everyone asking "how many airdrops can we get" and "how many times will it surge when it opens". I joined in the excitement, but I always felt something was off—what else can this thing do besides speculation?

Later, witnessing it transform from a concept into a functioning system, I realized that the distribution logic from back then actually contained quite a bit of thought.

That white paper: Pragmatism is more important than making empty promises.

I reviewed their early token allocation plan. To be honest, the share for retail investors was not considered top-notch in those days. But what really caught my eye was the spirit of "penny-pinching".

They didn't engage in the old trick of "the team taking the big share and then claiming a three-year lock-up," but instead clearly divided the funds into community treasury, ecological construction, and partner incentives. This feels less like issuing coins to make money and more like preparing a long-term budget for an organization. The message is clear: coins are meant to sustain this ecology, not for a few people to cash out and run away.

This approach of "forming a team first, then printing money" is completely different from those projects that are ready to harvest as soon as they go online. At that time, I thought to myself, these people might really be planning to do something substantial.

Startup phase: a simple but solid tripod

When the coin first came out, its functions were very simple, with just three core features: voting rights, locked mining, and participation in dividends. Someone in the community joked that it was a "three-legged stool" — it looks rudimentary, but it sits stable.