According to TT's years of experience, there are four types of projects in the cryptocurrency circle:

1. VC coin, take the institutional financing route, TGE is basically the end, part of the money to make financing, the other part to earn CEX money, similar to $GPS $shell, the BN is basically the end, and then spend a small amount of money to continue to operate as a façade, and the main team will often prepare a new plate;
2. Profitable projects, such as OpenSea, Pump, UNI, etc., which earn fees, some issue coins and some do not, and the currency has no decisive impact on the business;
3. The xxfi project, referred to as xxfi, such as defi, gamefi, socialfi, etc., will issue coins, but the coins will be used in the project and play an incentive role, like the previous axie, running shoes, etc., which are not sustainable, once the ponzi spiral is blown up, the subsidy is less, and fewer and fewer people play;
4. Pure scam projects, similar to various wave memes, model coins, and the previous South African presidential coins.

What other types of projects do you think exist?