Let’s talk about some of the trending projects recently: 1. The founder of FOMO clearly stated they won’t issue tokens and are taking the IPO route. 2. The founder of trade also explicitly said no token issuance. 3. On Hype, both HIP-3 and HIP-4 currently can’t issue tokens. The official Hype team hasn’t decided yet—issuing tokens would mean diverting Hype’s main token. 4. There’s news that Base might issue tokens this year. 5. I’ve completely withdrawn from Polymarket myself; token issuance feels like it’s nowhere in sight.