Author: haotian
Regarding $PING and $PAYAI, the most frequently asked question these days is: what are these two doing without a price pump? One MEME is loudly aiming to become a Launchpad, while a utility token is trying to migrate and change pools, as if it wants to abandon the market. There is indeed a lot of uncertainty.
To be honest, given the current environment, I have no confidence either, so let me share some observations that I can understand:
1) What these two are doing is quite normal, and with a good market foundation, it can definitely be seen as a positive. The biggest problem with MEME is the lack of sustained empowerment; it relies entirely on consensus and sentiment. On the other hand, Facilitator is a technical utility project with a low ceiling and low technical barriers, which leads to both projects currently lacking "confidence support."
The recent actions of PING and PAYAI are actually addressing their respective shortcomings:
PING is trying to empower and strip away its pure MEME attributes with the Launchpad, while PAYAI is expanding from its original tool attributes to an infrastructure protocol layer through token migration. Both are upgrades that can open up imaginative possibilities.
2) Since the expected benefits have not yet been fully delivered, we can only discuss the logic.
It is not surprising that PING is doing a Launchpad, as in a bear market, there is no sentiment or consensus to maintain prices. The narrative of the x402 track it ignited may also be extinguished due to its overly MEME attributes. In contrast, if it were a Launchpad platform token, it would be very different; it could rely on projects launched by the platform, experimenting continuously until it encounters a good liquidity node, achieving a turnaround and transformation. From this perspective, this strategic upgrade is very wise.
PAYAI's token migration is more likely to raise suspicion and misinterpretation. I've heard many claims, mostly suggesting that the project team lacks leverage and is using migration to control the situation. But if it were just a conspiracy, wouldn't using FUD be more effective? Therefore, I actually tend to believe that the project team is indeed considering the limitations of the Facilitator's tool attributes and is attempting to upgrade to a protocol layer to provide continuous empowerment for the token, including staking mechanisms, reward systems, ecological incentives, CEX locking, etc. So, from a broader perspective, this decision is not bad.
3) As for why the market doesn't understand, it's still the same: most people have entered the x402 track with a MEME trading mindset, thinking they can just make a quick profit like in the past with MEME. However, the growth and transformation logic of the x402 track cannot be supported by MEME, and it is impossible to see immediate results in the short term.
PING's Launchpad is just the beginning of the asset issuance narrative for the x402 track. It may be very successful or it may be terrible, but more Launchpads are still in the making. Everyone should look at the signals revealed by the ideas in the c402 Market; the new round of Launchpads is definitely not as simple as issuing useless tokens. Practical business scenarios like Gamefi and Socialfi can also be integrated to issue tokens, which is a significant improvement over pure chatting.
PAYAI's upgrade to a protocol service layer is even more subtle. I have heard that this team has a very technical and engineering mindset, but having such a team in a bear market is a good thing. There is enough time for them to prove themselves, and Facilitator happens to be a niche track with both large and small value capture and business extension potential. The new positioning is precisely where the team begins to provide continuous empowerment for Facilitator, ultimately changing its ecological niche and value capture ability in the x402 track.
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