Looking back at the main ways of IPOs in the past:

2015: Coin-for-shares through PP

2017: Coin-for-coin through ICO public fundraising

2021: Coin-for-coin through IDO requires holding whitelist coins

2024: Coin-for-locked shares through DePIN, and then gradually unlocked

It can be clearly seen that the threshold for people to participate in projects is constantly increasing, and the opportunities for quick profits in the market are also decreasing. Therefore, it is not difficult to understand why everyone eventually turned to MEME coins. In a free market, people have the freedom to choose.