2025-12-12 15:20:31

I’ve seen many projects, and after the hype dies down, they turn into chaos. What I really want to ask is simple—are there any real products? Can users actually use them? Is the project generating actual revenue?

Too often, we are fooled by beautiful white papers, marketing copy, and vague roadmaps. One after another, “coming soon,” “revolutionary solution,” “changing the ecosystem,” but when you look at the data, it’s all blank. I have no interest in participating in this storytelling and vision-blowing approach to fundraising.

What truly matters are projects that have tangible products in operation, with real transaction data and growing user bases. Promises are never valuable; only product and revenue data are hard currency. That’s my bottom line for investment.

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SerNgmi

· 12-12 15:50

Alright, there's nothing wrong with that statement. That's exactly how I see it. No matter how good the white paper sounds, it's useless without on-chain data to back it up. Those projects that say they will launch "soon" every day, I stopped believing them a long time ago. We'll see when they actually come out. Real gold will shine, products speak for themselves, marketing takes a backseat.

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FOMOrektGuy

· 12-12 15:49

That's right, I've fallen into this trap before. No matter how exquisite the white paper is, it's just waste paper; data is king. Few projects genuinely look at on-chain data; most are just PPT financing enthusiasts. Nowadays, anyone who still trusts a roadmap should reflect on themselves. If the product isn't usable and doesn't have real transaction volume, we need to keep observing until these two conditions are met. Another "story about to change the world," I'm tired of hearing it.

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4am_degen

· 12-12 15:49

Honestly, which project nowadays isn't following this routine? The whitepaper is hyped up to the sky, but all the data checks out to zero. It's really about traction; everything else is just虚假。 Another one that starts storytelling after raising money, wake up everyone. Can the product make money? That's the only real question. These project teams really treat us like fools, always talking about "coming soon" without ever arriving. I agree, a whitepaper doesn't equal a product; trading volume and user numbers are what really matter. I've seen too many "revolutionary" projects, and in the end, they all跑路。 How many projects have real user numbers and revenue data? I haven't seen any, anyway. Rather than looking at roadmaps, it's better to look at on-chain data to speak for itself. This point hits the nail on the head; too many air projects are just muddying the waters.

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GateUser-bd883c58

· 12-12 15:47

To be honest, I'm already tired of this set of rhetoric. White papers one after another, with no clear timeline for launch, and what about data? None. And the users? Even less. Relying solely on pie-in-the-sky fundraising, it's hilarious. I've also grown tired of those project teams constantly claiming "revolution is imminent." And what’s the result? A year passes and they’re still "preparing." I only look at on-chain data—DAU, trading volume, actual revenue. Those are the real things. That said, projects with real products are scarce. Most of them just start to fall apart after raising funds. Promises are indeed the least valuable. My only criterion for choosing projects now is—can the product be used? Are there real users interacting? If neither is present, I don’t believe even the best stories. Actually, many people are still gambling on being the "bag holder." They get in early, waiting for others to come and take over, rather than truly believing in a project's future. This mindset ensures most projects end up failing.

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blocksnark

· 12-12 15:44

That's so right. Now everyone is a story master. Claims of revolutionary changes and ecological transformations—just look at the on-chain data and you'll be stunned. Following trends always leads to losses; only looking at DAU and actual trading volume is reliable. There are too many hollow projects in this industry; you need to be more cautious. Better to miss ten opportunities than to step into one big trap. The product speaks for itself; data doesn't lie. The number of funding rounds and whitepaper pages are proportional—it's hilarious. Truly valuable projects don't need to boast. Projects with continuously growing active users are the ones worth watching; everything else is just gambling. Uploading online every day, I’ve grown tired of all the latecomer projects.

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MEVEye

· 12-12 15:43

Exactly right. I’m most annoyed by those PPT projects. They raise money and then never follow up, with a white paper that’s all talk. The ones I truly trust are those with visible daily active users, real people using them, and transparent on-chain data. Others are just air. As for the roadmap, I stopped believing in that a long time ago. Show me monthly active users and fee income—no need for any more nonsense. "Chickens flying everywhere" is such a perfect description; next, it might be you.

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CountdownToBroke

· 12-12 15:35

Exactly right. The current project packaging techniques are truly impressive. The whitepapers are as thick as bricks, but the data is empty and hollow. Just look at those who keep claiming "revolution is coming" every day; check the on-chain data—user numbers are even fewer than my followers, haha. They only recognize products and real cash income; everything else is just storytelling. I just want to ask, why does no one dare to compare actual DAU and revenue data? That’s the real proof of work, not these marketing gimmicks.

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