The core is the spot trading and contract trading of decentralized exchanges (DEX), people’s gambling psychology, and the price cornerstone of Bitcoin, which together form a token gambling house (in superficial terms, it’s an alternative financial system). What matters is not who pays the bill or who takes over, but a functioning system. The core driving force is people wanting to make money through speculation, with the means being spot trading and contracts, and Bitcoin serving as the price cornerstone for tokens. As long as someone wants to make money, there will be someone to foot the bill.

Ask a silly question: the so-called points are valuable because the Tokens they can be exchanged for are valuable, and these Tokens need someone to buy/take them. Since there’s such a huge pressure from exchanging points for Tokens, why would anyone buy them on the secondary market? Is it because the points bring TVL, and then TVL brings VC, and then with the VC’s money and the VC together, they hype it up, creating fame and attention, so retail investors have to pay for that attention? If so, what kind of attention is worth retail investors paying for? Is there anything I haven’t thought of in this logical chain? Or is there some even more complicated scheme at play here?