Let's briefly talk about the pairing of MEME with tokenized stocks. Why can it be called a great innovation of this round of launch pads? 1) In the past, the launch pad with Bonding curve+AMM as the core innovation, from the initial Uniswap adding its own pool, to the later evolved Fair launch, as well as the internal and external disk launch mechanism, and finally to Pump turning this into a production line. The idea is to focus on asset "issuance", and this type of launch mechanism naturally has Ponzi genes. Once there are no new funding commitments in the future, the project will inevitably collapse. 2) And the pool is paired with MEME/NVDA, with pricing units changed from stablecoins or ETH/SOL to stocks. When users speculate on MEME, they burn transaction fees denominated in stocks. These stocks will be injected into the project's treasury, becoming an on chain treasury with underlying value support and a high probability of continuous value increase. When the treasury accumulates to a certain extent in the future, if the community votes to repurchase tokens with stock assets or distribute dividends to holders in other ways, there will be more soft landing space. In short, holders will have an additional layer of confidence support. 3) The key is the tokenization of stocks on the blockchain, which is witnessed by Wall Street institutions, stablecoin issuers, and all cryptocurrency natives now. After so many stock assets are on the blockchain, how to distribute them is a long-standing challenge. Many investors will blurt out, 'I won't buy stocks on NASDAQ anymore, why do I have to bear a layer of security risk to go on the chain?'? This is another layer of value for the innovative mechanism of "distribution", which truly combines the various gameplay of DeFi's composable finance (transaction tax, treasury, repurchase, destruction, lock up, governance dividends, etc.) with the attention amplification and speculation expectations of new paired assets. This allows traditional stockholders to see the "playability" value of blockchain, which is claimed to be an open financial casino. To sum up, the previous cycle was a bull market that relied purely on technology and narrative expectations, attracting attention and funding support through continuous new asset issuances. This cycle revolves around the "distribution" bull of stock tokenization, creating value through resonance between new and old value assets. It can not only increase distribution buying orders for old assets, but also make holders of new and old assets feel fun in a new financial game. Why not do it?