🚀 ICO frenzy: financial experiments in the crypto world 🌍 In 2017, two college students typed a few lines of code in a coffee shop in Silicon Valley, and 72 hours later, a virtual cat raising game called "Blockchain Cats" attracted global investors to invest $30 million. This ICO craze has ignited a revolution in decentralized financing 🔥 ✅ New paradigm of financing: No need for equity, disregard for legal documents, one white paper+one wallet=million dollar financing 💰 ✅ Ideal and speculation dance together: Filecoin reshapes cloud storage, Useless Ethereum Token publicly admits to being "worthless" but earns 300000 yuan 💸 ✅ The carnival of grey ecology: ghostwriting white papers, exchange brokers, market value management teams, overnight wealth gains for market makers, and harvesting of individual investors 📉 ✅ Regulatory iron curtain falls: China calls for halt, SEC hits hard, ICO financing plummets by 90% ⚖️ ✅ Legacy of the Post ICO Era: DAO、STO、DeFi， New paradigm reshapes the financial landscape 📊 🔮 Looking back in 2025, this frenzy, like the tulip foam, has left tens of millions of people in the world with online identity, infrastructure worth trillions of dollars, and profound thinking on decentralized finance. ICO is receding, and 440000 ERC-20 tokens on Ethereum are still in operation, which may be the infrastructure tools for the future financial system. 💡 When the tide recedes, who is creating real value? 🚀 AiCoin ICO TRUMP