Backpack CEO Armani Ferrante stated that if the project team is only looking for an exit window, delaying TGE is indeed an option; but if the goal is long-term development and truly capturing the market, TGE should be as early as possible. He mentioned that if the project team is worried about FUD, it's better not to issue tokens from the start. He also said that he has repeatedly conducted minting and TGE near market highs during bear markets, believing that market timing is not as important as outsiders imagine.