Neet, Tokabu, and Xavier—if these three projects achieve 90% token circulation release, based on the current market valuation model, their respective market cap potentials could reach billions. Currently, a key factor limiting the valuation space of these projects is believed by many to be the token circulation rate issue. Once the circulating supply reaches the expected level and demand remains relatively stable, the market cap ceiling for such projects will significantly increase. Of course, circulation rate is just one variable; the project's ecosystem development and market recognition also influence the final performance.