If you are the CEO of a listed company in the United States, and you heard that Trump's family got a WLFI coin, do you buy it? The Federal Reserve has made BTC a strategic reserve, do you want to reserve a little? If you want to buy it, how do you buy it? Maybe you already have an exchange that will buy it, but how to buy it with the company's money is quite complicated. So I think Amber's merger and listing on the NASDAQ (Nasdaq: AMBR) some time ago is a good business path. Because microstrategy buys BTC and buys itself away, after several presidents try to issue coins, there are no institutions to point fingers, and flexible coin issuance will gradually become a new mainstream financing method. After that, the proportion of native web3 projects will decrease, and coins will become a new form of assets, and more and more listed companies will choose their subsidiaries to issue coins, add BTC and other cryptocurrencies to the asset table, and participate in new crypto project investment. Therefore, there is still a lot of room for development in this track, and RWA is not only to move the already liquid assets to the chain, but also to help issue new assets and inject and manage liquidity. Startups will also have a lot of switching from traditional listing to a more convenient coin issuance model, they need a compliant and reliable solution channel, and the hot believe during this time is an attempt, but obviously they also expose a lot of problems, of course, the most important is the problem of being poured in the face. On the one hand, Amber Premium provides web3 asset management/infrastructure (buying/issuance) guidance for traditional companies in web2, and on the other hand, it is doing native exploration of web3. Some time ago, I talked about their incubation of the contract exchange edgex, and today amber announced that it will hire @mwa_ia as the company's AgentFi ambassador, and of course, the first AI Agent representative appointed by a NASDAQ-listed company. It's not just a name, where did MIA come from, @me_aiac the first agent to launch. AIAC has designed a good token unlocking mechanism, the team needs to meet two conditions to get the coin, in terms of time, 12 cycles of the seed round, 10 cycles of the acceleration round, each unlocking cycle is at least one month apart, and the unlocking is not good, the average price of the first 7 days of unlocking is 1.5 times higher than that of the previous month, and if the project develops particularly fiercely, it will also be regulated by AI agents such as MIA. This method can effectively suppress the short-term selling pressure brought by the team and early investors, avoid the liquidity arbitrageur who will smash the next one after the launch, which is highly consistent with the concept of the healthy token model proposed by CZ before, and effectively prevents the community from being poured in the face by the evil team or speculative funds. Why does this protect the price and long-term value of the currency? Or why do traditional projects need to be airdropped, and team shares need to be locked? Or why is the FDV of projects in the cryptocurrency circle often overvalued? These are actually the same problem. The core of web3 is user confirmation, and the bargaining chips of the protocol should be given to the community that supported it in the early stage, and the team should not directly take the share, if you want to take it, you must have done your work, and the community can only take it if you feel that you are valuable. Only when the interests of the community and the project are deeply bound can there be sustainable development. The majority of traditional stock listings can directly allow the team and early shareholders to unlock and realize on time, so the projects in the currency circle are actually not very high FDV, for example, $mia itself looks very high, but in fact, it is all virtual, the circulation is very small, the pool accounts for a large proportion, and the team will not unlock it until the time is up. In short, the currency cannot be directly compared with the stock valuation, but must be multiplied by the team attribution ratio. Of course, this model is not suitable for those of the pump disk coin group, and the recent industry is more mainstream "casino thinking" is not very consistent, maybe there will not be frequent golden dogs, but it must be a more suitable platform for real builders, after getting early support, start-up projects that are expected to be profitable for a long time will slowly gather here.