When VC unlocking becomes a “death countdown”, how should the token economics of Altcoin be designed?

I. Crypto Magical Realism: Bitcoin Chicken Game, Altcoins Collectively Lying Down

Tradeview data shows BTC market dominance approaching 63%, reaching a new high

The crypto market in 2025 is like a grand palace intrigue drama: BTC firmly sits on the dragon throne, Ethereum holds the grand chair (ETF passed but with less-than-expected effect), while altcoins collectively kneel outside the palace, resembling concubines neglected by the emperor - some trying to gain favor through cosmetic surgery (launching new coins), some engaging in palace politics (community splits), and many simply receiving their dismissal (delisting).

This scene is extremely similar to the magical realism of the matchmaking market:

• BTC: Overseas returnee elite, holding family trust, with a dating profile stating "digital gold, inflation-proof weapon"
• Ethereum: Startup elite, PPT filled with "smart contracts, ecosystem empire"
• Altcoins: Tony teacher from suburban-rural junction, with photoshopped social media posts saying "100x coin, next Bitcoin"

But reality always slaps back. When Bitcoin ETF is absorbing $230 million daily, the altcoin market is performing a "waterfall inversion":

ACT and other coins directly performing "free fall" after losing market maker support

MUBARAK and other new coins peaking at launch, collapsing upon unlock, like a crypto version of "Disappeared Love"

Allow staking tokens to obtain short positions, with part of the project's income used to hedge against sharp price drops

This is equivalent to transforming Uniswap into Las Vegas, but with the house advantage on the retail investor's side.

2. Token Economics Migration to Metaverse

Learning from Axie Infinity's failure, design:

Cross-chain asset staking:

Staking tokens on EVM chains can qualify for Solana ecosystem airdrops, achieving a "three-in-one" approach

NFT revenue rights certificate:

Holding specific Non-Fungible Tokens allows receiving ecosystem project token dividends, with the Non-Fungible Token itself being decomposable and recombinant

DAO mercenaries:

Community voting determines development direction, with proposal passers receiving tokens + equity incentives, more efficient than Silicon Valley recruitment

3. New Paradigm of Regulatory Arbitrage

Offshore development + on-chain registration:

Core team registered as an entity in Seychelles, smart contracts deployed on Arweave, operations executed through DAO

Income splitter:

Convert profits into cross-chain gas subsidies, developer grants, and bug bounties, perfectly circumventing securities classification

Regulatory sandbox offense and defense:

Release "utility tokens" in the US, "governance tokens" in Asia, "cultural Non-Fungible Tokens" in Europe, harvesting globally in three ways

This operation is like playing Assassin's Creed among national securities regulators, with each jurisdiction being a synchronizable save point.

V. Conclusion: When Crypto Begins to Study "Das Kapital"

The current dilemma in the Altcoin market is essentially a blockchain shell wrapping pre-capitalist predatory logic. Project parties turn Tokenomics into "Ponzi dynamics", exchanges transform liquidity into "capital pool simulators", while retail investors seek cyber redemption in candlestick charts.

But the wheel of history always moves forward. When a new generation of projects begins to turn smart contracts into "automatic money printers + impartial auditors", when DAO governance evolves into a "blockchain people's congress", when token burning mechanisms are more transparent than the Federal Reserve's balance sheet reduction - perhaps then the crypto market can truly be called the "value internet".

After all, in the traditional financial system, you must first open an account to become "harvested"; in the future crypto world, you might achieve financial freedom through Non-Fungible Token dividends while playing Animal Crossing. This magical reality might be the greatest black humor blockchain offers to human financial history.