The discussion about token issuance mechanisms in the crypto circle has always been divided. Some industry insiders point out that under a decentralized framework, it is indeed difficult to directly prevent anyone from issuing tokens, but this does not mean there is no way out. Instead of passively accepting this situation, the industry should collaborate to promote higher technical thresholds and economic costs for token issuance.

The current problem is very obvious: one-click token issuance tools are everywhere, and the cost is so low that it can almost be ignored. As a result, countless junk coins with no practical application are continuously emerging. These projects flood the blockchain world, and besides creating noise and risks, they serve little constructive purpose. Even more concerning is that these junk coins drain the already tight market liquidity.

The season of copycats has yet to arrive. People habitually blame macroeconomic factors, but they overlook another reason—thousands of meaningless small tokens are dividing a limited pool of funds. This phenomenon reflects that the entire industry is still in a relatively primitive stage. Despite over ten years of development, there is still a lack of clear industry standards and development directions, with each entity operating independently and growing wildly.

Within this chaos, there are hidden risks as well as opportunities. The key depends on choices. Picking the right track and project, and sticking with it, can lead to wealth appreciation; choosing the wrong direction, the more persistent you are, the deeper you may fall into the wrong path. In the current market, projects with real application scenarios and technical foundations still have a chance to succeed.