Hahaha Although morph adjusted the refund plan and most community users seem pretty satisfied, I think the real reason behind it might still be to clear obstacles for a future listing. Take Bullish, another Hong Kong-based Chinese team exchange, for example—they raised $1.1 billion in their US IPO, with a valuation higher than BGB and OKB. On the other hand, most of the projects launching tokens through TGE are a complete mess~ Anyone with a sharp eye can see what’s coming next.