Now there are quite a few SpaceX-like Pre-IPO Tokens, and the front-end presentation is actually quite similar, but the core difference lies in the underlying asset structure.

Previously, we discussed that @Paimon_Finance's xSPCX utilizes an SPV to hold real SpaceX equity, with third-party custody, on-chain verifiability, and an ERC-3643 compliant structure. Therefore, xSPCX is not merely a price mapping, nor is it an SPV mirror, but rather a price exposure based on a real asset structure.

Of course, xSPCX does not equate to directly holding SpaceX equity, nor does it confer voting rights, dividend rights, or direct shareholding rights. However, structurally it is more compliant and secure.

Paimon's collaboration with @DigiFTTech is with a Singapore MAS licensed RWA exchange, which also possesses relevant compliance resources from the Hong Kong SFC. Behind Paimon are teams with backgrounds from YZi Labs, UBS, Goldman Sachs, Citadel, PIMCO, and JPM.

At the very least, the team is not a makeshift group; it has sufficient funding and experience to consolidate Pre-IPO assets, SPV holdings, compliant exchanges, third-party custody, and on-chain verification into a single structure, ensuring product transparency.

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