#Pre-TGE I saw the news about BTW Pre-TGE, and it reminded me of many friends who have suffered losses on new projects over the years. The points threshold of 216 and 15 points to participate is fine in itself, but what really deserves attention is that "important reminder"—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 will liquidity look like after unlocking. This is not a small matter, because it determines when your capital can actually be used.

Project teams not announcing unlock times in advance may have various reasons behind it, but for participants, the risk is clear—you may face extended waiting periods or even uncertainty. In such circumstances, the amount of funds you participate with must be within your acceptable range. My suggestion is to treat Pre-TGE as an interesting attempt, but definitely not as the focus of your asset allocation.

Exchanging 15 points for an uncertain opportunity—ask yourself first: Can I accept this capital being locked for three months, half a year, or even longer? If the answer is "no," then there's no need to participate. What truly tests a long-term mindset is maintaining rationality amid these uncertainties.