Appeal to my poor VC colleagues and the managers of several VC funds I have invested in: Even if no one treats you as wealthy dads, can we not be bullied into grandsons Recently, there was a project that required TGE, but the founder came over and confidently said that all other investors unanimously agreed to lock up their positions. Can you also agree? My face is full of question marks? The terms in the agreement are clearly written, why do you still have the confidence to make changes as you please? What is the significance of signing the agreement? Other investors readily agreed, without considering the interests of LPs, except for charitable investment institutions here. The altcoin market is not good enough, but not all projects are struggling. Excellent projects will proactively help investors find OTC or buybacks to solve the problem of selling pressure, rather than delaying the resolution of the problem. As for the hip pulling project, to put it bluntly, closing the door early and not doing it is a more responsible approach to the market, rather than trying to cut some leeks before running away. @Heyibantance said many years ago that the general idea is that the founder's coin issuance is a gamble on their lifetime reputation, and I deeply believe it. New entrepreneurs say that fundraising for Chinese projects is difficult, and one of the main reasons is that too many of your predecessors have consumed the reputation of this group. It should be noted that the spirit of contract is the most important business spirit. Some project parties may argue that additional lock up clauses are mandatory requirements of Binance. Regardless of whether they are reasonable or not, Binance has the freedom to open an exchange and what conditions they are willing to meet, but whether or not you accept them is your freedom. We have an overseas project that refused Binance's offer of a large number of free chips in exchange for listing last year, and has not been listed on Binance ever since. This incident caused a stir in the overseas community. What was the result? The development is very good now, and it can be traded on many other exchanges, including Upbit, with a market value higher than 90% of Alpha's projects. Binance is not the only option. If the coin price wants to rise, the core is still high-quality projects and strong consensus, rather than trying to persuade people with coins not to sell. A healthy market is one where there is buying and selling, and an excellent project is one where the market opens at a low market value and slowly rises. This is how all excellent projects such as BTC, ETH, SOL, etc. have gone through. And for those mobile chips without institutions, project teams can have a high degree of control over the market and play the trick of high FDV and low liquidity, mostly for the sake of cutting leeks. Investors should not encourage project parties to do so. This kind of gameplay is called market manipulation in traditional financial markets and requires entry.