#代币估值与机制 Seeing BTW's Booster program, with a 165-point threshold and lock-up period, reminds me of the evolution of token distribution models I've seen over the years.

Early project airdrops were often crude and straightforward—claim and sell immediately, which once caused the market to be chaotic. Later, everyone learned to use lock-up periods to filter genuine participants and avoid short-term selling pressure. I can understand Binance's design logic this time—setting a points threshold to block pure profiteers, and the lock-up period to protect the project's initial price stability.

But there's a detail worth pondering: 300 million BTW tokens released in three phases, with the first 50 million. Experienced people should ask themselves a few questions—what is the release schedule for subsequent phases? How long exactly is the lock-up period? Is the project's token economic model healthy?

I've seen many projects with seemingly perfect mechanism designs, but once the lock-up period ends, it's like opening the floodgates. The key still lies in whether the project's fundamentals and team are truly creating value for the ecosystem, rather than just playing with distribution strategies.

Before participating, thoroughly understand the risk disclosures. It may sound cliché, but it's a valuable lesson from history.