HYPE came up with this hip-3 thing to decentralize power to the market. Any team can set up an exchange on it, whether it’s for stocks, commodities, forex indices, or various long-tail assets—different teams can handle it all. The fee-sharing mechanism creates a profit-sharing model (hip-3 projects have 2x the fees of HYPE). Once it’s set up, everything becomes a white-label under HYPE. The stronger the white-label capability, the more they earn, and the more HYPE earns. The portion of fees HYPE collects eventually goes into its fee system, where the protocol fee pool automatically converts the fees into HYPE and burns them. For the white-labels, besides not having to deal with the underlying infrastructure, the most important thing is saving time. They can quickly drive traffic and generate revenue in the shortest time possible. Once the money is in hand, it really depends on the project team’s vision. Personally, I’ve always believed that it’s a matter of whether you’re the butcher or the meat. If you encounter a team with a big vision, it’s time to take off.