Recently, there has been quite a bit of discussion about the native token of a major trading platform.

Browsing through various forums and communities, I indeed saw many opinions questioning this project—some say the valuation is inflated, others complain about airdrop hunters gathering. For early participants, these negative voices are indeed a bit frustrating. Even more disheartening is that participating in early activities doesn't necessarily guarantee an airdrop, and the feeling that "efforts might be wasted" is truly chilling.

But upon reflection, these doubts about overvaluation and too many speculative users didn't appear out of nowhere. Is the project itself perhaps a bit "overplayed" in its fundraising pricing and incentive mechanism design? Is the transparency of the airdrop rules sufficient? These are all worth discussing.