# Сопутствующие статьи по теме Utility

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Utility", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

What are the characteristics and commonalities of tokens that have performed well after TGE in 2025?

In 2025, most tokens experienced significant price declines shortly after their Token Generation Event (TGE), but a few—such as ASTER, FOLKS, AVICI, and SENTIS—managed to sustain price increases. These tokens shared several key characteristics that contributed to their relative success: 1. **Token Distribution Over Hype**: Successful projects avoided large internal liquidity at TGE. Examples include AVICI (0% team allocation) and SENTIS (activity-based emissions). 2. **Reasonable Valuation**: Tokens launched at fair valuations, rather than during peak hype, allowed room for market reappreciation. AVICI, for instance, launched with a low FDV despite having a functional product. 3. Demonstrable Utility: Projects like ASTER (Perp DEX volume), FOLKS (lending scale), and AVICI (real-world card spending) showed observable usage rather than just promising future utility. 4. **Controlled Unlock Structures**: Linear and transparent token unlock schedules (e.g., SENTIS’s participation-based emissions) were better received than cliff-style unlocks. 5. **Exchange Listings as Accelerators, Not Foundations**: While major exchange support helped, it wasn’t sufficient alone. Strong fundamentals determined long-term performance. The market in 2025 shifted from rewarding potential to valuing structure: healthy circulation, fair distribution, real adoption, and predictable unlocks. Tokens that prioritized these elements demonstrated resilience post-TGE.

Odaily星球日报12/31 00:47

What are the characteristics and commonalities of tokens that have performed well after TGE in 2025?

Odaily星球日报12/31 00:47

Why Are Crypto Project Acquisitions Now Excluding Tokens?

Recent acquisitions in the crypto space, such as Circle’s purchase of Interop Labs (developers of Axelar Network), have sparked controversy by focusing on acquiring teams and intellectual property while excluding the native tokens. In the Axelar case, the AXL token and network remain independent, leading to a 15% price drop and community backlash. Similar patterns emerged in other acquisitions: Kraken’s Ink acquired Vertex Protocol’s team and tech but abandoned the VRTX token, causing a 75% crash. Pump.fun acquired Padre and invalidated its token without compensation, and Coinbase integrated Vector.fun’s tech without involving the TNSR token. These cases reflect a broader “acquihire” trend common in Web2, where companies acquire talent and tech but avoid equity or token obligations. In crypto, however, this often leaves retail token holders with no rights or financial benefits, as tokens are designed to avoid regulatory scrutiny as securities—offering utility or governance instead of ownership or profit-sharing. This has led to growing tension between project teams and token holders, exemplified by Aave’s recent governance proposal to assert DAO control over IP, equity, and revenue—highlighting the misalignment between token-based incentives and traditional equity structures. The trend raises fundamental questions about the value and rights attached to tokens in decentralized ecosystems.

marsbit12/18 01:12

Why Are Crypto Project Acquisitions Now Excluding Tokens?

marsbit12/18 01:12

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