$THE $THE is based on the ve(3,3) model, with core features that distribute DEX income to locked users, combining voting incentives and profit sharing to form a "locking-voting-profit" flywheel effect:

1. **Model Advantages**:

- **Profit Distribution**: Locked users receive transaction fees, token emissions, and project bribery profits, with an annualized minimum return of 35%-40%.

- **Locking Stickiness**: Average locking period of 1.78 years, with a locking ratio as high as 80%, effectively reducing market selling pressure.

- **Innovative Mechanism**: Avoiding uncompensated losses, voting determines LP rewards, and project parties need to purchase $THE to participate in ecosystem construction.

2. **Market Potential**: Benchmarking against Base chain Aero (market value of $1.7 billion), the current circulating market value of $THE is only $50 million, presenting a growth potential of 15-20 times.

3. **Binance Strategy**: $THE is seen as an important tool for reshaping BNB chain trading logic, aiding on-chain liquidity aggregation and ecosystem development.

**Summary**:

$THE is expected to become the infrastructure of the BNB chain. If the flywheel effect successfully kicks in, it will attract liquidity and project parties, achieving a positive ecological cycle, but risks such as initial liquidity shortage and large holder control must be cautioned against.