Despair, there will be a knockoff season, but not the existing knockoff coins Once the coin stock model opens up trading in the primary market of private companies outside the circle, it will be a devastating blow to the existing altcoin market. For example, the current AI coin, a group of high-quality, dark horse AI companies outside the circle that have not yet gone public, can issue first level limit tokens on the chain, and even do not need to go through the traditional listing process. Instead, the coin and stock have equal rights, and the coin is the stock This is completely a dimensionality reduction strike, coming from another latitude The opponent of the knockoff project is not another knockoff project, the opponent behind it is a global project, and the high-quality knockoff coin project behind it may not be within the circle, but a dark horse company in the world The entire competitive landscape of existing altcoins has completely changed. They are global companies, regardless of their inner or outer circles. Among them, there will be those with small fluctuations in valuation to replace the existing altcoins and become the main force of new altcoins