2025-12-30 04:20:30

Altcoins have had little prospect in recent years, and the true altcoin season may never return.

Frankly, so-called "utility tokens" fundamentally do not solve what L1 main chain tokens can already do. From another perspective, these tokens are designed to raise funds for VCs and founders, not for users to actually use. It sounds harsh, but this is the reality—most of the time, it's just a different way of fundraising, making it easier for early investors to exit.

If you carefully examine the tokenomics of various new projects, you'll find that the routines are actually quite similar, with fundraising logic outweighing application logic. This also explains why token prices often diverge from the actual usage of the project.

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AirdropHunter007

· 01-02 02:26

If I had known earlier, I wouldn't have wasted effort researching these crappy coins, just a cash machine for VC Take it slow, wait until mainstream coins stabilize, the copycat projects are really rotten Honestly, tokenomics is just digital fraud, few people can understand it This altseason really isn't coming, I've already accepted it VC-created coins are all the same, early investors make money, we're the bag holders But there are exceptions, can't all be scams... but I really haven't seen any good ones Funding logic > application logic, that really hits home Exit points... written too plainly, might as well avoid these types of coins

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ApeWithNoFear

· 01-01 20:51

Someone should have said it earlier, this is all there is to the crypto world VCs just playing with dolls, anyone who believes it is doomed It's right that the knockoff season won't come back, trash projects deserve to die Token economics are all scams, I see through it Raising funds is more important than applications, it looks good but it's just this broken state The truly useful functions like BTC and ETH could have been done long ago, everything else is just showmanship The disconnection of tokens from reality has been a common sight for a long time I'm tired of it, this套路 is played out too badly Instead of speculating on coins, it's better to do something solid

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GreenCandleCollector

· 01-01 17:31

Bro, you're so right. After looking at so many projects, I haven't seen many that genuinely focus on product development; they're all just thinking about how to cut the leeks. Playing the VC fundraising game for so many years, tokenomics is just one template, and they still dare to claim innovation. This wave of altcoins has really cooled off. Instead of taking on the risk, it's safer to bottom out on BTC. Someone is going to suffer heavy losses again this round, what a pity. The disconnect between token prices and actual user numbers is so serious; someone should have exposed this layer of paper long ago. Project teams design tokens for two purposes: fundraising and cashing out. Any application scenarios are just nonsense. Just look at those fundraising documents, they’re all VC packages, nothing new. Basically, it’s a game of musical chairs, and the last ones holding the bag are always retail investors. Utility tokens? Uh, not really needed. The tokens of L1 chains are already sufficient. These tricks probably won’t last long.

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ser_aped.eth

· 2025-12-30 04:47

After playing for so many years, I've seen through it all—the tricks of the crypto world are just like this. VCs using it as a tool to harvest retail investors, just changing their disguises to continue. Tokenomics design? Ha, it's nothing more than a disguised way of talking about fundraising logic. Really, the season of altcoins is never coming back. Wake up, everyone. These so-called utility tokens, to be honest, are just unused.

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ContractCollector

· 2025-12-30 04:43

Uh, I've seen through this routine a long time ago. Do they really think new coins can turn the tide? VCs play by the same old rules, just changing the surface but not the core. Honestly, the crypto world now is just a fundraising game. Who still believes in those whitepapers? No matter how fancy the tokenomics design is, it can't save a dead project. I don't believe there will be another altcoin bull market. It's time to wake up from this dream.

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LiquidityOracle

· 2025-12-30 04:40

The case is solved. The altcoin season is just a cover, a VC ATM machine. Really, the so-called tokenomics is just a way to package fundraising logic. I've said it before, utility tokens are useless, better to just buy BTC directly. These project teams keep scamming, and in the end, the retail investors are always the ones left holding the bag. Grand narratives are all nonsense; in the end, it's the same old story—raising money, cutting leeks, and making a quick escape. Application logic? Ha, that's just bragging; fundraising logic is the real deal. Early investors are just thinking about how to run away, caring little about the fate of later investors. Look at those tokens; their prices have nothing to do with actual usage, it's hilarious. Anyway, I won't touch that altseason stuff anymore, it's too exhausting.

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TokenEconomist

· 2025-12-30 04:30

actually, let me break this down—the core issue isn't that alts are dead, it's a misalignment of incentives where token supply schedules are optimized for vesting cliffs rather than genuine utility adoption. ceteris paribus, if you run the math on emission decay rates vs actual network activity, most alts fail basic valuation models.

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FlyingLeek

· 2025-12-30 04:29

The VC tactics in the crypto world are like this: fundraising first, application second. The era of altcoins ended long ago; those still buying are just betting on VC exit liquidity. Functional tokens sound good, but they're basically just shell financing. I only realized after being burned myself— the more complex the tokenomics, the more cautious you need to be. This round of altcoins really isn't that interesting anymore; it's okay to just play around with the main coins.

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