#Pre-TGE Seeing the news about BTW Pre-TGE, I am reminded of many stories over the years where friends suffered losses in new projects. The point threshold is 216 points, and 15 points are required to participate. This setup itself is fine, but what really matters is the "Important Reminder"—the tokens have a lock-up period, and the unlock time may not be announced in advance.

This statement carries significant weight. I often tell friends that before participating in Pre-TGE activities, you must clarify three questions: How long is the lock-up period, when will it unlock, and what is the liquidity like after unlocking. This is not a small matter because it determines when your funds can actually be used.

The project team not announcing the unlock time in advance may have various reasons, but for participants, the risk is there— you might face a long waiting period or even uncertainty. In such cases, the amount of funds you participate with should be within your own risk tolerance. My advice is to treat Pre-TGE as an interesting experiment, but definitely not a core part of your asset allocation.

Spending 15 points for an uncertain opportunity—ask yourself first: can I accept my funds being locked for three months, six months, or even longer? If the answer is "no," then there's no need to participate. The biggest test of a long-term mindset is maintaining rationality amid these uncertainties.