📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Large-scale financing ≠ success. Application scenarios and early layout are the key to project success.
Large financing projects perform poorly, application scenarios and early entry remain key.
Recently, several well-known projects have been launching their tokens, but the market response has been lukewarm. Taking LayerZero as an example, despite raising as much as $260 million and reaching a market capitalization of $3 billion, the price has continued to decline after its launch. A similar situation has occurred with other highly anticipated projects like Zksync and Aleo.
This phenomenon is not an isolated case. Looking back at historical crypto projects that raised over $500 million, the results have mostly been unsatisfactory. Issued tokens such as EOS, Terra, and FTX have all experienced significant price drops, with market values far below the amount raised. Unissued token projects like Forte and Sorare are also facing developmental challenges, with even rumors of layoffs.
In contrast, projects with practical application scenarios have performed better. For example, NYDIG, which provides Bitcoin services to institutions, and Fireblocks, which focuses on crypto asset custody, have faced challenges but are still operating continuously. In particular, Moonpay, which offers fiat deposit and withdrawal services, not only remains profitable but also plans to pursue an IPO.
However, even with real business support, high-level financing still carries risks. In contrast, projects like Ethereum and Solana, which currently lead in market capitalization, had relatively small financing scales in their early stages. Ethereum's initial fundraising was only in the tens of millions of dollars, and Solana's fundraising before its token issuance was only around 20 million dollars.
These cases indicate that in the cryptocurrency industry, the long-term success of a project relies more on its practical application value and early entry advantages rather than the scale of funding. For investors, buying into potential projects at a low price may offer more room for profit than participating in high-valuation funding.