Head exchanges have always adopted a horse racing mechanism, where subsequent investments are linked to project performance—this logic is actually quite clear. Resources are tilted toward high-quality projects, and poor-quality projects naturally drop out, allowing market screening to occur naturally. In simple terms, those who can stand out and have more impressive data will receive key support. This approach may seem harsh, but it is actually very beneficial to the entire ecosystem. Project teams are motivated to innovate, which makes the ecosystem increasingly rich, forming a virtuous cycle. The more diverse the ecosystem, the more vibrant it becomes, and the ecosystem continues to flourish.

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MetaverseVagrantvip
· 12h ago
The horse racing mechanism sounds good, but the projects that can actually survive are few and far between...
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GasFeeNightmarevip
· 12h ago
The horse racing mechanism sounds fair, but in reality, it still depends on the exchange's favor. Even with impressive data, someone still needs to help promote you.
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FlashLoanPhantomvip
· 12h ago
The horse racing mechanism sounds nice, but in reality, it's just the strong get stronger and the weak get eaten. How can new projects compete with the top players?
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ZKSherlockvip
· 12h ago
actually... this "natural selection" framing conveniently glosses over the trust assumptions baked into exchange gatekeeping, doesn't it? who's really doing the filtering—market signals or opaque algorithmic preferences?
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HallucinationGrowervip
· 13h ago
The horse racing mechanism sounds appealing, but in reality, resources are concentrated in leading projects, and small to medium projects haven't had a chance to gain momentum... That's the cruel truth.
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RektButSmilingvip
· 13h ago
The horse racing mechanism sounds good, but in reality? Traffic skewed towards just a few big projects, small projects hardly have a chance to get ahead.
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