Many projects are following the same approach—manual "reward loyal holders." But is this really the optimal solution?

A perspective worth pondering: rather than spending effort on subsidies, it’s better to fundamentally calibrate the incentive mechanism. With the right incentives, the market will automatically help you identify true believers.

This is the correct attitude to build long-term competitiveness. Project teams need to understand that forcing "retention" often backfires. Instead, those with clever economic models can encourage participants to choose to stay voluntarily. Good token design is not about subsidies, but about enabling each participant to find their value within the ecosystem. Only then can a product truly stand the test of the market.