Encryption projects should return to the original intention of decentralization and high risk, high return.

The rapid development of the cryptocurrency industry stems from three key factors: the government being captured by financial conglomerates, the breakthrough innovations in blockchain technology, and people's desire for wealth. However, in recent years, the way capital is formed in the industry has gradually deviated from the right path that inspires community enthusiasm.

Venture capital-backed high valuation token projects performed poorly in the recent bull market. Ordinary investors are deterred by the high-priced tokens listed on centralized exchanges, leading to a continuous decline in token prices. This phenomenon reflects the industry's neglect of one of the core value propositions of cryptocurrency - providing ordinary investors with the opportunity to achieve high returns.

In contrast, Meme coins provide speculators with early entry and the opportunity to climb the wealth ladder due to their viral nature. Although Meme coins themselves have no actual value, investors fully accept the high-risk, high-reward game rules.

The problem with the traditional venture capital model is that the selection criteria overly rely on the educational background and professional experience of the founders, rather than their actual technical capabilities. This has led to a homogenized ecosystem that is not conducive to innovation. In contrast, the crypto community places greater emphasis on the team's actual delivery capabilities.

The advantages of the ICO model lie in its integration of meme propagation and potential technology across two dimensions. A successful ICO project not only needs to possess eye-catching marketing capabilities but also demonstrate the technological potential to solve global issues. This model provides fundraising opportunities for teams with innovative capabilities but lacking "elite" backgrounds.

With the advancement of blockchain technology, ICOs are making a comeback. Faster transaction speeds, lower fees, and more user-friendly interfaces have created favorable conditions for the revival of ICOs. However, investors need to remain vigilant and say "no" to projects with high valuations and low liquidity.

Despite the inevitably poor projects in ICOs, it remains the best way for ordinary investors to achieve high returns. Compared to the nearly impossible thousandfold returns under the current venture capital token model, ICOs at least provide investors with this possibility. Let us re-embrace ICOs, create fervent support for new projects, and give investors the opportunity to pursue massive wealth.