#美国就业数据表现强劲超出预期 Web3 has many things, actually everyone’s mindset is like a mirror—no one wants to explicitly say what they’re thinking.

What’s the most heartbreaking phenomenon? The token design of projects and the actual business they’re doing are often worlds apart.

Take a look at a major DEX like this trading protocol. On the surface, you might think that the higher the trading volume, the higher the token value—logically it makes sense. But in reality? The profits generated by the protocol and the tokens you hold are basically disconnected. At best, your tokens are just voting rights, listening to the voice. Even recently, a major DEX started using transaction fees to buy back its tokens, and this alone was considered big news—enough to show how absurd the whole situation is.

Why did these AI concept coins become popular? The key point is—they are seriously doing one thing: linking the project’s real revenue to the tokens. Some buy back tokens with protocol income, others tie service permissions to the amount of tokens held; the idea is on the right track.

But new problems also arise, especially these tricky ones:
- Are there strict rules constraining these promises?
- Who is actually supervising the enforcement?
- What if the team changes the rules?

The reality is, most projects pretend not to understand here—not because they don’t know, but because they deliberately leave loopholes. If they spell everything out clearly, how can they flexibly adjust or leave room for the team?

So if you’re now choosing spot altcoins, I recommend focusing on these three solid indicators:

**First, look at the token holding tier system**
Different holdings mean different service privileges. This isn’t just governance voting rights but real usage rights differences. More tokens can unlock more features—that’s true benefit binding.

**Second, see if the project is truly profitable**
If it makes real money and uses it to buy back tokens, it’s like the team is backing the project themselves—this is the most straightforward value support. Vote with your feet, not just words.

**Third, check the deflation logic**
Directly destroying tokens with protocol income and following a deflationary route. In this mode, the team can earn little or nothing, while users enjoy the service and see the token price appreciate through reduced supply.

If a project can meet two of these criteria, it’s the most reliable. If the project itself is particularly solid, even a single condition can be enough. But that depends on your own research—don’t just listen to stories.

The crypto world is full of pitfalls, and the road is long. When choosing tokens, don’t be fooled by pretty whitepapers and fundraising news. The key is whether the project is willing to genuinely tie profit sharing to you, the token holder—that’s the true test of a token’s value.