After reading what Lao Wu said, I felt quite touched. In the past year, I have invested in and incubated many projects, all of which signed contracts. Almost all projects that go on #Binance tend to "breach contracts." I can understand this, as they often need to redefine the distribution of tokens and the unlocking plans. However, there are always a few project parties that take this opportunity to "default." In the face of such situations, most investors are passive and powerless.

Web3 does not have many judicial restrictions. There is a project that has been fighting for its rights for about half a year now, and progress is still slow. It relies more on the spirit of contracts. Investing in projects often feels like gambling; each time, I prepare for the possibility of not being able to get my money back. Therefore, the reputation of the "organizers" is very important.

What Lao Wu mentioned about KOL rounds actually has the least impact. The amount of tokens these people can offer is limited, and they still breach contracts. Let alone projects that account for more than 1%. In the past, there was really no way to complain, and it was difficult to protect rights. Now that there are more resources around me, things have improved a lot.

For the vast majority of KOLs or content creators, they are just big accounts of retail investors, merely louder ants. If you can't escape this game, you have to be prepared to be harvested.

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