Since so many MSX friends want to know more, let me chat Firstly, the reason why Xstocks cannot obtain a share of Space X is mainly because Xstocks is subject to regulation, including the SEC, and cannot engage in fraud. That is to say, if Xstocks mints 1 million tokens of Space X, it must correspond to 1 million shares of Space X stock. If there is any fraud, it will not be considered as such in the United States. So even if Xstocks has to bear the dissatisfaction of exchanges such as Binance Bybit and Bitget, they cannot give an extra share because they really cannot provide it. So can Xstocks buy it themselves and then give it to these exchanges? The answer is yes, Xstocks can buy it themselves in compliance and then distribute it to others. That's no problem, but why don't Xstocks do it? Believe me, Xstocks has definitely done this, but what can be bought in the secondary market is far from the gap on the exchange. The price of buying again will be too high, and I may lose money, especially if I want to sell something that can be unlocked on the first day. Secondly, I am willing to believe that MSX really has stocks of Space X, which were bought by MSX in the secondary market and distributed to everyone, but this is not an IPO, only a share bought in the secondary market. But compared to Xstocks, MSX has neither disclosed third-party holding vouchers nor disclosed who bought them from, where they bought them, or what quality of stocks they bought. I remember when we first talked about SPV mirrors, but it's really hard to say. I have done a detailed analysis of SPV and SPV mirrors. Thirdly, I am still willing to believe that MSX is fully purchased and given to users in full. However, since MSX's token is not minted by Republic, it is minted by itself, which means it is its own liquidity pool. Can you understand what this means? That is to say, if all the targets of Xstocks can share a liquidity pool, they can be traded on different exchanges because the underlying is the same, so both in terms of liquidity and trading, they are close to compliant stocks. But if MSX is self minted, not to mention compliance issues, even if you receive 100 times the amount, you won't be able to verify it because your Space X Token can only flow through MSX and cannot trade or share liquidity with any other Space X Token. So MSX's Space X Token is essentially an island. I make a hypothesis, just a hypothesis, that MSX can actually not buy any Space X stocks at all, because it really doesn't need to. At that time, all you need to do is establish a liquidity pool of 500000 or 1 million US dollars, because you can't verify that what you buy is real. As long as it can be sold, the goal has been achieved. Of course, this is just my assumption, not something I am willing to believe. The fact is that MSX's Space X Token is independent of the current mainstream market, which is an undeniable fact. Although Xstocks cannot deliver, at least they have conducted an audit and the audit report will be submitted to the SEC. Moreover, although Xstocks have KYC restrictions, MSX can be said to be virtually non-existent. These reasons, when combined, are why Xstocks cannot obtain the quota, but MSX may have quota reasons, as one requires declaration and auditing, while the other only needs to establish liquidity by issuing its own currency. It's that simple.