Emotionally low and liquidity weakened, many projects gradually lost their voice. At this stage, it is particularly easy to see which projects are just telling stories and which projects are still moving forward seriously. Today when I saw @ ShareX_Network officially launch Binance Alpha, I suddenly remembered that I had actually participated in their event in March. At that time, I mostly had an observational attitude, but as I looked at it now, I still felt that this kind of "still working" project was quite rare. At present, the airdrop has been opened for inquiry, and the snapshot was completed on May 5th: Airdrop inquiry: https://airdrop.sharex.network The official has also officially announced SHARE's tokenomics. Overall, one obvious point is that it is not the type of model that only focuses on short-term liquidity release. Long term user incentives have the highest proportion and a long release cycle; Team, Investors, and even TGE 0 unlocking; The project is more inclined towards long-term construction, rather than quickly releasing chips to the market from the beginning. The positioning of SHARE itself is not just a simple "trading token". It undertakes functions such as payment, governance, node collateralization, and eligibility for RWA participation in the entire ShareX ecosystem. Simply put, what it wants to do is a value settlement layer centered around "real-world shared devices". ShareX is not the traditional DePIN that only stays at the conceptual stage, but truly attempts to bring the existing sharing economy network in the real world onto the chain. For example, devices such as shared power banks, smart cabinets, vending machines, shared scooters, and charging stations are already generating real orders and cash flows every day, but these data were previously closed in the Web2 system. And what ShareX wants to do is to turn the data, usage behavior, and cash flow of these devices into verifiable on chain assets and settlement systems through the Deshare Toolkit and Deshare Suite. That's also why it carries the attributes of DePIN, RWA, and Consumer Crypto simultaneously. More importantly, it is not completely starting from scratch. The project has entered the 10th MVB of BNB Chain and has received early support from institutions such as OKX Ventures and Folius Ventures. Behind it is the accumulation of real offline sharing economy businesses, rather than pure PPT. Currently, ShareX has connected over 500000 active devices. Many Web3 projects are still stuck in the stage of "maintaining narrative through coin issuance", but ShareX can at least see a relatively clear revenue logic: Equipment trading → platform commission → profit distribution. The sources of income include equipment rental fees, RWA on chain fees, and future sharing economy data services. Simply put, its biggest difference is that many projects generate "expected" revenue, while they have already started generating real-world cash flow. Of course, there are also risks associated with such projects. Including execution, regulation, competition, and whether on chain scale data can truly sustain growth, all of these require time to verify. But at least in the current market environment, it is already quite rare to see projects willing to work seriously on infrastructure and promote practical implementation, rather than relying solely on emotions and hot topics to drive sales. If in the future it can gradually bring a large number of Web2 users onto the chain and truly turn real-world device revenue into investable and verifiable on chain assets, then there is actually a lot of room for imagination in this direction.