Hashkey has finally gone public, and the Hong Kong Stock Exchange may be really hungry. If Hashkey has been struggling in the cryptocurrency industry for the past few years, it shouldn't be unfair to them. At the beginning, they made a big name for themselves, but after a few years of being tied up, they haven't achieved any decent results. To the C-end, they don't have much presence, but to the B-end and OTC business, they may still be decent. It is reasonable to break up today. If this type of stock cannot be controlled at a high level and repurchased internally in the future, it is unlikely to rise. Retail investors basically have no reason to hold it for a long time. At certain times, it may be okay to catch up with hot topics in the short term. If this type of ticket is not sold or repurchased, it is highly likely to go on a downward trend. Most likely, it is to give some explanation to capital and investors, and it is estimated that executives can also exchange options. The TGE on traditional Web2 and cryptocurrency projects are not fundamentally different, anyway, they are both explaining and sharing benefits with all parties. Even for the Hong Kong Stock Exchange, it can be considered as supporting a relatively decent model, after all, the Hong Kong government has been calling for support for Web3 for so many years, and it cannot be justified if there is no actual action taken. In short, the product of compromise among all parties is related to everything, but may not be related to whether it can be actually done.