近期分析师 Ash 在其发布的一篇热门帖子中表示，统计了 2025 年 TGE 的超 100 种新代币中，84.7%的代币 FDV 低于 TGE 时的 FDV。这些代币的 FDV 中位数较发行时下跌了 71%（市值中位数下跌 67%）。仅有 15% 的代币相较于 TGE 时的 FDV 是上涨的。总体来看，2025 年新发行代币中，大多数代 币都属于"TGE 时价格即巅峰"。 -交易价格低于 IDO 价格的项目平均收入为 136 万美元。 -交易价格高于 IDO 发行价的项目平均收入 79 万美元。 但这些项目都获得了风投的支持，一定程度上表明市场更看重炒作而非实际表现，更看重故事而非数据，更看重承诺而非产品本身。Web3 不能再假装"一 切都好"，不能再把机器人流量称为"增长"。当然，本文仅在统计学上得出的一些结论，并不是适合所有项目的标准。好的项目和大额融资还是能代表加 密行业发展方向。Odaily星球日报将其编译如下： 融资 200 万美元、顶级风投参与、50 万社群粉丝、在主要交易所上市，上线首日盛况空前，Discord 上一片欢腾，社交媒体上到处都是欢庆氛围。 顺延这些数据发现，我找到了一篇更有意思的 ...

两小时后 @humidifi DTF 打新开始，白天的时候代币经济学分配和机制都有更新和披露现在的代币经济学：- Wetlist 减少到 4%- Jup Stakers 和 Public sale 各 3%也就是说，公售环节的资金容量为 $2.07M，按照单号限额 1000 USDC 的规则来说，能有超过 2k 个钱包成功打进去，这下参与感可以有了Yuyue (@yuyue_chris):Coinbase 现货路线图公布了 @humidifi 的上新，是这几个项目里唯二的 Pre-TGE 项目，另一个项目我在 Kaito 打新的时候有打到 😂 现在就是又开心又焦虑开心的事是我认可和 fomo 的项目是牛逼的，焦虑的事就是 Jupiter DTF 上的 public sale 感觉大概率是很难抢到了算下来 FDV 69M 的情况下，只有 https://t.co/STYhhpAzpS ...

Coinbase 现货路线图公布了 @humidifi 的上新，是这几个项目里唯二的 Pre-TGE 项目，另一个项目我在 Kaito 打新的时候有打到 😂 现在就是又开心又焦虑开心的事是我认可和 fomo 的项目是牛逼的，焦虑的事就是 Jupiter DTF 上的 public sale 感觉大概率是很难抢到了算下来 FDV 69M 的情况下，只有 $1.38M 的资金容量，大概率会被大科学家几笔狙完……不知道 @JupiterExchange 和 @humidifi 会不会出一些措施防止这样的情况发生呢Yuyue (@yuyue_chris):之前提到过的 SOL 暗池项目 @humidifi 在 Jupiter DTF 上的细则出来了，代币经济学和释放模型可以直接看图片12 月 3 日也就是明天打新，预计 TGE 时间 12 月 5日。说实话看到一些老外有关代币经济学的 FUD，但实际上 $WET 的模型和普通的应用币差不多，初始流通 25% 的部分里 15% https://t.co/gNe5JgmsJQ ...

Core Insights - Developing a blockchain Web3 project is a complex process that requires multidisciplinary expertise and high security standards [1][2] - The project lifecycle can be divided into five core stages, each with specific requirements and costs [5] Market Research and Positioning - Initial market research is crucial to identify target users, core problems to solve, and differentiation from existing Web3 products [2] - Defining functional requirements for the DApp, such as NFT minting, token staking, or decentralized trading, is essential [2] Tokenomics Design - Tokenomics is a critical aspect that involves designing the token's utility, value capture mechanisms, distribution models, and incentive structures [2] - A well-structured token economy is fundamental for project sustainability and community engagement [2] Technical Foundation - Selecting the appropriate blockchain (e.g., Ethereum, Solana) is vital as it influences the development language and gas fees [2] - Smart contract development requires adherence to strict security principles and involves using frameworks like Hardhat or Truffle [3] User Interface Development - Building a user-friendly interface for blockchain interaction is key, utilizing frameworks like React or Vue.js [3] - Integration with wallets such as MetaMask and WalletConnect is necessary for seamless user experience [3] Security Audits - Smart contract security audits are a significant cost and are essential for identifying vulnerabilities [3][4] - Professional audits typically range from tens of thousands to hundreds of thousands of RMB, depending on code complexity [4] Project Delivery - The final step involves deploying audited contracts to the mainnet and promoting the DApp on various platforms [4] - Costs for Web3 projects are generally higher than traditional software projects due to talent scarcity and security requirements [4] Cost Estimates - Simple MVP projects are estimated to cost between 150,000 to 350,000 RMB, with a timeline of 2 to 3 months [6] - Medium complexity projects range from 400,000 to 1,000,000 RMB, taking 4 to 8 months [6] - Highly complex protocols exceed 1,000,000 RMB and require over 8 months [6] - Security audits and tokenomics design are indispensable investments for long-term project viability [6]

Core Insights - The article discusses the innovative bond sales incentive mechanism introduced by Olading Origin, which balances user engagement and market stability in the cryptocurrency sector [1][8]. Group 1: Entry Threshold Design - The entry threshold for the bond sales incentive mechanism is set at a staking value equivalent to $1,000, which is designed to filter participants effectively, ensuring they have both economic strength and motivation to contribute to the ecosystem [3]. - This threshold is based on behavioral economics principles, aiming to enhance user retention and activity levels, aligning with the "skin in the game" concept [3]. - The threshold will be dynamically adjusted as the ecosystem develops to maintain optimal incentive levels [3]. Group 2: Incentive Structure - The incentive structure includes a 5% LGNS token reward for bond sales promoters, calculated through rigorous economic modeling to ensure it is attractive yet sustainable [4]. - The design of this reward percentage has undergone hundreds of scenario tests using Monte Carlo simulations to validate its robustness under various market conditions [4]. - The average participation duration of promoters reached 4.2 months, significantly higher than the industry average of 2.1 months, while maintaining a healthy annual inflation rate of 6.8% for LGNS tokens [4]. Group 3: Linear Release Mechanism - The innovative 5-day linear release mechanism addresses the common issue of "reward dumping" in cryptocurrency projects, creating a stable microeconomic environment through evenly distributed rewards over 120 hours [6]. - This mechanism enhances user retention by fostering a sense of anticipation for future rewards, leading to a 47% increase in average staking duration [6]. - The design ensures transparency and immutability, allowing users to track reward release progress in real-time, thereby increasing trust in the project [6]. Group 4: Market Performance and Industry Implications - The bond sales incentive mechanism has demonstrated significant success, with a 35% monthly compound growth rate in sales, surpassing the industry average of 15% [8]. - The success of this mechanism highlights the importance of balancing short-term incentives with long-term stability in economic model design [8]. - The combination of appropriate entry thresholds and reward structures can cultivate a high-quality user base, providing a model for sustainable growth in the cryptocurrency industry [8].

Token Economics & Initial Circulation - Sidekick Labs announced the token economics of its token $K following the establishment of Sidekick Foundation [1] - Initial circulating supply of $K is considered moderate at 11.13% [1] Market Timing & Sentiment - The timing of the TGE (Token Generation Event) is during a period of market weakness, which may be beneficial for Sidekick, similar to KaitoAI's TGE [1] - The launch timing is viewed as potentially advantageous despite unfavorable market conditions [1] Focus on Attention Economy - LiveFi and InfoFi are essentially disciplines related to attention [1] Airdrop Expectations - There are expectations for airdrops to KaitoAI yappers and streamers [1]

Core Insights - Bitget is advancing in the academic field by integrating blockchain education with real-world branding strategies, as demonstrated through a recent multi-campus tour led by COO Vugar Usi Zade [2][5] - The company emphasizes its partnerships in sports sponsorships, particularly with Juventus and Lionel Messi, to enhance brand visibility and user engagement [3][4] Group 1: Academic Initiatives - Bitget's Blockchain4Youth initiative is a global program with a budget of $10 million aimed at educating and nurturing young talent in the Web3 space, collaborating with over 70 universities worldwide [4] - The company is actively engaging with students at institutions like UCLA and Harvard to discuss topics such as token economics and the impact of blockchain on sports sponsorship [5] Group 2: Strategic Partnerships - Bitget's long-term partnership with La Liga is highlighted as a model for activating upper channels and promoting regional engagement [3] - The company is also the official cryptocurrency partner for La Liga in East Asia, Southeast Asia, and Latin America, as well as collaborating with various athletes to promote cryptocurrency adoption [6][7]