Magic has further confirmed what I previously said: Regardless of whether the fundamentals are applications or Ponzi schemes, products have a lifespan. However, tokens are immortal, especially those that have been traded on large exchanges. Regardless of the current revenue, it is highly likely that the liquidity trading brought by the shell value will last longer than the fundamentals themselves When situations like Magic or FTT arise, the situation becomes awkward: can they be taken down? So I think doing utility tokens and buyback dividends may ultimately be pseudo propositions. If we really do buyback dividends in this round, but the coin price is equally bad, then some will cry. This effect will eventually spread to traditional web2, and the entire capital market will be falsified together with the new generation of young people Should revenue be generated? Of course we need to do it, it depends on the currency listed in South Korea But what should be considered more is how to create a living meme around one's tangible product. This is the fundamental source of liquidity for a token For example, in the case of KuaiBo, the product has been dead for over a decade, but when it comes to KuaiBo, there is still a generation of believers whose meme vitality has already surpassed that of the product itself The same logic applies to @ Enron, and those who are not born in the 1980s or majoring in finance and accounting generally do not know his story. But as the world's largest US stock financial fraud case at the time and the heroic feat of single handedly killing the "Big Five" Andersen, any young person can get the dramatic tension of it as a meme @ sign has done an outstanding job in this regard. It knows very well that its core product is not relevant enough to the C-end, so it has put more effort into creating a meme and purifying abstract consensus If you were a project party today, I would not recommend that you include mechanisms such as the destruction of repurchase dividends (which can be treated as events but not mechanisms). On the contrary: Make products like Zhang Xiaolong and tokens like Zhang Jiao