Why have I started following $01 recently? Everyone must have played Sato before To be honest, at first I thought it was just another Bonding Curve Meme, but after delving deeper into the mechanism, I discovered that it is a truly valuable asset with reserve value, sustained interest, and ultimately entering a state of scarcity. The logic of traditional Meme is simple: Attention - Buy ->Drive up prices ->Followers take over ->Liquidity dries up. The design of $01 is completely different: When the user purchases $01, the funds will not flow directly to the project party, but will enter the reserve pool. The stablecoins in the reserve pool will continue to generate returns, which will not be withdrawn by the team, but will become the value support of the entire agreement. At the same time, each transaction will result in a 0.25% destruction. In other words, the entire system forms a continuously strengthening value flywheel. The real core: 20.79M discontinued casting Many people discuss $01 while focusing on features such as privacy stablecoins, lending, Flood, Loop, etc. But I think the most crucial thing is actually: 20.79M stop casting mechanism. Currently, the vast majority of Bonding Curve projects have the same issue: The greater the demand, the greater the supply. The price has increased, but scarcity has not yet formed. And $01 imitates the logic of Bitcoin: After reaching 20.79M coins, permanently stop Mint. thereafter: -New coins will no longer be generated; -Selling by users will trigger destruction; -Reserves continue to grow; The system will switch from the 'issuance phase' to the 'scarcity phase'. If this step can really be achieved, then $01 is likely to become the first case of the Hook Bonding Curve track to complete its lifecycle. Why did you start paying attention to it? Because the market has already seen the previous experiment - SATO. SATO has proven that: -The bonding curve can run; -The Hook mechanism can operate; -Community can form consensus; -Assets can obtain real liquidity. But SATO also exposed a problem: drift accuracy drift. This has led the market to start searching for next-generation solutions. And the opportunity for $01 is precisely built here. If it can solve the drift problem and accurately complete the 20.79M stop casting, then it will no longer verify whether the mechanism is feasible, but rather: Can this mechanism complete its entire lifecycle. The greatest value I see: Many people consider it as a meme. I prefer to see it as a new on chain currency experiment. The value of Bitcoin comes from: -Scarcity; -Consensus; -No additional issuance is allowed; On this basis, $01 has added: -Reserve value; -Livelihood ability; -Destruction mechanism; A new attempt has been made: Reserve growth → floor price increase → cessation of issuance → continuous destruction → scarcity strengthening. If successful, it may open up a whole new paradigm of asset issuance. But the risks are also very obvious: In fact, the biggest challenge happened precisely after reaching 20.79M. Because before the suspension of casting, price increases can be driven by the Bonding Curve. After the suspension of casting, the market must answer three questions: Why continue to buy? Why should we hold it for the long term? Why is it more worth configuring than ETH or BTC? My opinion: I don't think the biggest value of $01 is' the next hundredfold coin '. But it is trying to validate a new on chain currency model. May become a race dragon. We have not stopped casting yet! I don't know if $01 will succeed yet. But I want to participate in this great experiment