The 'coin stock pairing' is just the beginning. We may be standing on the eve of a grand bull market. If a bull market really comes, one of the clearest main lines is likely to be: Move as many real-world assets as possible onto the chain, and then create new gameplay on these assets that was previously unimaginable. 1/Old question: Why buy stocks on the chain? Traditional stocks trade well on NASDAQ, with regulations, liquidity, and dividends. Why do users need to buy on the chain? In the past, tokenized stocks on the chain often had no real ownership and poor liquidity, like a "shrunken version" that no one was willing to touch. Until two completely different routes appeared. Route 1: CEX produces products according to demand CEX, represented by @ MEXC, takes a "demand-oriented" approach. What users want, it breaks down the requirements and creates corresponding products. RealStocks (real stocks) People who want company ownership and dividends can directly buy and hold real shares of over 7000 global stocks and ETFs with a minimum of 5 USDT. The underlying assets are managed by licensed securities firms in cooperation with MEXC. Stock Futures People who want to leverage, grasp event trends, and do hedging can trade over 300 types of stock futures, including US stocks, Hong Kong stocks, Korean stocks, Japanese stocks, etc. ▌ Tokenized Stock People who only want exposure to price fluctuations can directly trade over 200 tokenized stocks in USDT, and the trading time is generally close to 7 × 24 hours, without being limited by the opening and closing time of the US stock market. The essence is to break down the ownership, leverage, and price fluctuations of traditional stocks into different demands, and then integrate them all into the interface of encrypted users. Users can smoothly transition from cryptocurrency trading to stock trading and even hold real company shares without leaving CEX. Route 2: Creating Demand with Meme on the Chain The pairing of Meme coins and stock tokens on the chain takes a completely different route. Not meeting existing needs, but creating new ones. The mechanism is simple. When trading Meme coins, the transaction fees generated will no longer be paid to the platform or project party, but will be converted into stock tokens and locked into the community treasury. The more active the Meme trading, the more stock tokens there will be in the vault, ultimately belonging to the entire community. So the boundary between the two is very clear. CEX is: Whatever you want, I do. Meme coin stock pairing is: tokenized stocks no one uses? Then I will first use the popularity, gaming experience, and hype of Meme to bring people in, and at the same time bring liquidity to stock tokens. These two routes are not opposed, but complementary. How else can we play with on chain stocks? After having stock assets, what new gameplay can be added to them? There are currently two very inspiring ideas. @XenBH's Conditional Market Hypothesis: Not only do we know if it will happen, but we also know how big the impact will be Predicting the market usually only gives one probability. For example, will the United States allow Nvidia to sell advanced AI chips to China? ” Market prediction says: 30% probability will be allowed. But for investors, knowing the probability alone is not enough. What they are more concerned about is: What would happen to Nvidia's stock price if this happened? What if it doesn't happen? Conditional markets are here to answer this question: If allowed (Yes) → Nvidia's stock price may reach $260 If not allowed (No) → Nvidia's stock price may reach $203 So the market no longer just says' will it happen ', but directly tells you what it means to happen or not to happen. Narrative Token: Transforming a Stock into a Story Tree @LMRankhan's idea is not to squeeze all expectations into one stock token, but to turn every hot story that the company can trigger into an independent tradable market. For example, SpaceX. The underlying layer can have a stock token representing the overall value. But around SpaceX, there are always various hot topics: Mars program, starship launch, asteroid mining In this way, each narrative token becomes a market for this specific story. All the expectations that were supposed to be carried by a single stock have been broken down into a whole story tree. Narrative tokens can have an expiration date set. When it expires, the holder has two options. Option one: Redemption. Destroy narrative tokens and receive underlying stock tokens proportionally from the vault. Option 2: Scroll to the next narrative. Not redeeming and leaving, but rolling over one's own equity to the next hot topic narrative of this company, giving priority to participating in the new round of market. 3/Conclusion: This door has just been pushed open What CEX is doing is productizing and systematizing traditional stocks to serve existing traders. What Chain is doing is to maximize the native gameplay and composability of encryption, attracting new users. The two paths are destined to coexist for a long time and will also learn from each other. And conditional markets, narrative tokens, and more unforeseen gameplay will all be built upon these attempts. MEXC0808