#代币发行与分配策略# Looking back at the token issuance process over the years, I feel a lot of emotion. HUMA's recent unlocking of $10 million in tokens reminds me of the mistakes many projects made in token distribution back in the day. Many teams released large amounts of tokens early on for short-term gains, resulting in a big dump in prices and significant losses for investors. However, strategies like HUMA's phased unlocking, while possibly leading to fluctuations in the short term, are more beneficial for the project's healthy development in the long run.

From the unlocking schedule of HUMA, they have adopted a progressive approach, and this unlock of 377.92 million tokens accounts for 23.38% of the circulating supply. This proportion is already considerable and could indeed exert some pressure on the market. However, considering that HUMA's current price is already three times the pre-sale price, it is believed that some early investors will choose to continue holding. After all, in this industry, truly valuable projects often create higher returns in the long term.

Looking back at the bull market in 2017, how many projects were short-lived? Those projects that insisted on reasonable token distribution and continued to build practical applications are mostly still thriving today. Therefore, I believe that for emerging projects like HUMA, we should focus more on their long-term development plans rather than short-term price fluctuations. After all, true value always takes time to prove.

Although this token unlocking may bring short-term pressure, from another perspective, it is also a sign that the project is gradually maturing. For us veterans who have experienced several rounds of bull and bear markets, it is more important to examine the fundamental value of the project rather than being influenced by short-term fluctuations. Let us wait and see if HUMA can become the next project to change the industry landscape.