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Recently, I have noticed that some paid registration projects are extremely popular, with a lot of discussion in a short period of time. But thinking about the projects in history that adopted a registration fee model, there seem to be very few that are truly successful. Is this phenomenon driven by marketing, or does the project itself genuinely have appeal? It's worth pondering. The fee threshold often serves as a filtering mechanism, but it can also become an invisible risk for the project—it's important to be cautious about whether the hype can be translated into genuine ecosystem development.