I just noticed this token project, and the on-chain data looks quite interesting. The token economic model is well-designed—large holder wallets account for 40%, the burn mechanism accounts for 10%, and this design approach creates considerable constraints on circulation. More importantly, the current market cap is only around 100,000+, relatively speaking still in an early stage.
What's interesting is that this reflects a trend in the Chinese on-chain ecosystem. As more localized projects emerge, the Chinese sector is building its own discourse system. While the scale is still small now, this localization exploration itself is worth paying attention to. Given time, the rise of the Chinese ecosystem could bring considerable new opportunities. Of course, all projects need time to be validated, and a small market cap also means risks and opportunities coexist.
I just noticed this token project, and the on-chain data looks quite interesting. The token economic model is well-designed—large holder wallets account for 40%, the burn mechanism accounts for 10%, and this design approach creates considerable constraints on circulation. More importantly, the current market cap is only around 100,000+, relatively speaking still in an early stage.
What's interesting is that this reflects a trend in the Chinese on-chain ecosystem. As more localized projects emerge, the Chinese sector is building its own discourse system. While the scale is still small now, this localization exploration itself is worth paying attention to. Given time, the rise of the Chinese ecosystem could bring considerable new opportunities. Of course, all projects need time to be validated, and a small market cap also means risks and opportunities coexist.