Binance's four in one industry chain is facing a huge crisis Wallet TGE New Release - Alpha - On chain Support - Spot Listing It seems that there is no problem with the logic 1. If you are a high-quality dev coin, innovation disk, or community coin, you can go to Alpha and Half Step Binance. （ siren tut ) 2. If you are a high-quality VC coin, I will directly give you a TGE to maximize traffic exposure (shell) 3. If you really do a good job, the Second Saint doesn't mind personally coming out to call for you All three paths can lead to Buddhahood - on the spot, there is a kind of heroic spirit that has captured the hearts of all the heroes in the world But where does the problem lie? 1. The liquidity premium of spot trading is questioned (yesterday's act) event 2. The premium of Binance's spot "shell" has decreased. After the crazy listing, Binance will soon have thousands of tokens, while the lowest market value is currently only 5.8m 3. The community disk and innovative projects that I really want to see have never appeared 4. The situation turned into my ambush for you, and the Second Saint overturned the card and poured it on you But is this strategy really problematic? If we go back to first principles, I think it's still effective 1. Binance remains the strongest liquidity 2. Binance still has top level influence and traffic exposure If this strategy had happened a year ago, even six months ago, I think the outcome would have been very different Time is the biggest variable, and the momentum of attack and defense varies Six months ago, we were able to catch up with the craziest wave of ai me So the shell will directly benchmark against virtual and ai16z, Tst may not be able to become a bond, while puppets and bubbles may be wif Assuming we meet again in a new meta six months later There is no doubt that meta will still occur on the chain. If Binance can release liquidity with lighter endorsements (alpha and tge) in the early stages of the track explosion, then alpha may become a new battleground And now, it's just the pain that the industry must endure during the clearance process