Pledge is not only difficult to reduce circulation, but may also exacerbate selling pressure, and its small proportion makes it difficult to deflate. The project should focus on product value and token utility, rather than relying on staking to control the market. The incentive pledge will increase the flow of traffic, and the pledge reward will issue new tokens to increase the total supply. Speculators often sell after receiving rewards, leading to more tokens flowing into the market and greater selling pressure, making it impossible to truly reduce circulation. The proportion of staking is small, and the amount of tokens unlocked by difficult to deflate TGE usually far exceeds the amount locked by staking, for example, unlocking 20% vs staking 5%. The impact of staking is weak, making it difficult to offset the circulation brought by unlocking and unable to have a deflationary effect. Market value depends on popularity and the core value of product tokens lies in project popularity and practical use cases, such as payments, governance, etc. Pledge is only a short-term price control, enhancing the true utility of tokens is necessary to attract users and drive long-term market value growth.