Jiayi's observation on market growth and TGE coincides with a report released by Arrakis recently (https://(x.com)/SeaBitcoin/status/202684514370286313), where over 85% of projects with TGE were broken and 80% of airdrops were destroyed within a few hours. Against the backdrop of the industry's narrative collapsing, 'coin issuance' is no longer the threshold. PMF， It has become a matter of life and death for all projects. Without the premise of a good product, even if more investment is made in growth and the market, except for short-term FOMO, there will eventually be a mess. In communication with @ mscryptojiayi and the XDO team, I can feel that their understanding of many projects far exceeds the market average level. This is inseparable from her early work experience in the Binance marketing team, as well as her broad vision and deep involvement in content, investment, and marketing companies later on. Congratulations on upgrading XDO to Y Strategy, looking forward to more Y Talk series character interview videos.