High FDV has entered a new phase of micro-innovation. The earliest wave of L2 was high FDV + airdrops. Recently, several projects have been high FDV + high control (concentrated tokens) + reverse farming airdrops. The latest micro-innovation: high FDV + IDO + pre-market pricing (psychological pricing for retail investors). On this FDV road to riches, project teams keep coming up with micro-innovations —probably killed a lot of brain cells along the way. In short, if you don’t want to leave high FDV, you have to keep high FDV at the core and sacrifice a ton of brain cells for micro-innovation.