#代币分发与募资机制 On the road of investment, we often hear about two token distribution methods: ICO and airdrops. Recently, there have been reports that ICOs may replace airdrops by 2026. After careful consideration, I believe this view has some validity. The ICO mechanism can better align interests, allowing participants to build a closer connection with the project. In comparison, airdrops are more prone to the "receive and sell immediately" phenomenon.

However, we should also view the return of ICOs rationally. They face many challenges, such as token pricing and regulatory risks. In the future, a hybrid model combining ICOs and airdrops may emerge to balance the interests of all parties.

As prudent investors, I recommend focusing on the long-term value of projects rather than short-term speculation. Whether participating in ICOs or receiving airdrops, it's important to thoroughly understand the project and carefully assess risks. Proper asset allocation and controlling positions are essential to maintaining stability in this rapidly changing market. Let’s look forward to a fairer and more transparent cryptocurrency ecosystem.