Recently, there has been a noticeable increase in new projects issuing tokens, and the competition is indeed fierce. Some people come in aiming for a 98% share, rather than the previous moderate 60% distribution plan. To be honest, I still prefer projects with clear logic that I can understand myself, as they tend to be relatively less risky. It's not that I don't want to participate, but the market is changing a bit too quickly, so I need to slow down. I can understand why some choose to wait and see — it's not cowardice, but a clear judgment of their own awareness.