These days, looking at blockchain game pools, I get that familiar feeling: the output initially comes in pretty strong, everyone rushes in to do tasks, reinvests, and the dashboard numbers look great... but the inflation really can't be sustained, and later new players can't keep up, leading to selling pressure stacking up, and the pool gradually deflates as if leaking. To put it simply, it's not that there's no "economic model," but everyone defaults to the idea of "I run faster than others," and in the end, those who run fast also have to sell tokens and pay taxes. Just thinking about it gives me a headache.

By the way, I want to complain that outside, people are again interpreting ETF capital flows, US stock risk appetite, and crypto price swings together, sounding quite reasonable, but for small pools like blockchain games, it's mostly internal hype + spillover selling pressure. Macro sentiment at most gives you a market opening vibe. Anyway, I now test the waters by assuming the worst case: output halved, token prices cut in half, exit fees, and then decide whether to enter... for now, that's it. I'll report back if I hit any pitfalls.