#Gate广场圣诞送温暖

It can be said that every role in the current entire ecosystem chain has been clearly arranged.

Project teams issue "brick tickets," VCs provide endorsements, studios fake data, exchanges collect protection fees, KOLs act as loudspeakers, and finally, the contract mechanism delivers the final blow.

Every step in the process is profitable, and every participant is tacitly aware of their role.

From the ICO craze, to DeFi summer, and now to today's AI, animal-themed projects, and "Ersheng," only the concept packaging has changed—the core has never changed.

The reason why the "brick ticket" story keeps repeating is not because retail investors are too naive, but because the entire ecosystem has already formed a stable profit distribution mechanism.

The project team takes some, the VC cashes out some, the exchange takes a cut, the KOLs get a share, and what's left for retail investors is only 2% hope and 98% loss.

I was moved by the ending sentence: "It's not that we can't do it, but that we really can't bring ourselves to do it." Unfortunately, in this circle, conscience may not be a virtue, but a disadvantage for survival.