$USUAL The biggest problem is that the tokens of early investors will be released in one year, and there has been a breach of contract. It was previously said that the tokens would be unlocked in half a year, which led to dissatisfied investors selling the tokens. This is the selling pressure that everyone worries about every month; in addition, 10% of the additional issuance is given to the team, and another part is given to the usd0 pledgers. This means that the longer the pledge is made, the more diluted the stake will be by 10%. Unless the income of the project itself can cover these two parts of the cost, it will lead to a lack of confidence and enter a downward cycle. Originally, if 100% of the additional issuance was given to the pledgers, it would not matter. It's like four people playing mahjong. No matter how much each person's chips increase in proportion, the total amount is still the same. But if you play mahjong in a mahjong hall and charge 10% for each game, the total amount will continue to decrease.