Over the weekend, with nothing else to do, let's learn two financial terms together with Walter, the co-founder of the Initia ecosystem's gamified meme coin launch AppChain Embr: one ⃣ Convex reward structure: Convex return structure refers to the accelerated growth of potential returns as investment or market changes occur. This is in stark contrast to linear returns (proportional growth) or concave returns (decreasing growth). Convex returns provide the characteristic of "unlimited upward space and limited downward space", allowing investors to obtain excess returns when the market rises, while limiting losses when it falls. In the cryptocurrency market, convex returns now typically come from options trading, liquidity mining, YT points mining, meme coin intraday/early trading, and other channels. two ⃣ Tail Upside Tail up refers to abnormal returns at the extreme right tail of the probability distribution. These are rare but extremely profitable events, with a low probability of occurrence but huge returns. The pursuit of 'tail up' is to look for opportunities that may bring returns of 10 times, 100 times, or even 1000 times. This return model is rare in traditional finance, but relatively common in the cryptocurrency market. In the cryptocurrency market, tail up opportunities include early participation in projects that later became mainstream, successful token issuances, innovative DeFi strategies, and more. The key is to participate in enough high potential opportunities to increase the likelihood of capturing 'tail up' events. According to Walter's analysis, what we often say about "coming to the cryptocurrency circle for sudden wealth" is actually searching for and betting on investment targets with convex return structures and the possibility of tail upward movement. The previous cycle's IDO/IEO launch pad and this cycle's http://pump.fun All of these have brought a massive amount of new assets with convex return structures and the possibility of tail upward movement to the cryptocurrency market. But with the consolidation of the structured order of the system, market makers, conspiracy groups, celebrities eager for monetization of influence, and so on have destroyed the simple joy of community collective fighting dogs, and nice and good days have become an old dream. That's also the main reason why I don't play BNB chain meme coins. So, Walter plans to use the "three arrows" of gamification design, interoperability and unified liquidity of Initial interwoven Rollup, VIP incentives for Initial, and Embr native token incentives to http://pump.fun On the basis of the meme coin launch platform paradigm, we will carry out a second innovation, allowing everyone to rediscover the good days of playing simple and happy with their friends. above. @initia @embr_labs