Trend Dev:
An excellent economic model is never confined to the pursuit of short-term profits but should instead co-create value with users, achieving mutual success. It should act as a bond, tightly linking project development with user interests, fostering growth and sharing profits together.
The Trend team is composed of a group of decentralization advocates dedicated in creating a utopian space with the application of blockchain technology. However, the sense of disillusionment gradually occurs in the process of witnessing the evolution of blockchain development and transformation. The traditional institutions have gradually taken control of the market, recklessly profiting at every stage from the emergence to the listing of new tokens. In contrast, individual investors are left out in the process and are forced to deal with ‘star projects’ that have high market caps when tokens are listed on centralised exchanges (CEX). This phenomenon contradicts with the core value of Web 3 of which promotes decentralisation.
Despite some ‘star projects’ possess innovative technology and excellent design; their issuance mechanisms violate the spirit of Web3 decentralization. Memecoin, on the other hand, with their fair issuance mechanisms, it aligns with Web3 values and provides investors greater chance in making profit as project develop. Hence, making meme projects gaining great popularity in recent years. However, lacking practicality ultimately led to the decline and disappearance of meme projects. Therefore, Trend team believe that it is essential to balance the elements of community, practicality and ecosystem in order to ensure the sustainability of Web3.
