- This has also greatly increased the VC cost of good projects and the psychological expectations of coin holders
- VCs are not stupid, and project owners are not stupid either. It has essentially become a game of cutting LPs - Other projects cannot issue coins after investment, and they look at each other in confusion during meetings
- Finally, a good project issues coins, so hurry up and focus on PR. After 6 or 12 months, you can only unlock and sell the coins. If you haven’t unlocked them before, you have to find a way to sell the coins/hedge first
- In short, VCs don’t make money, and LPs suffer the most