The quality of a token model fundamentally shapes the long-term viability of any protocol. Yet market participants continue to misinterpret how metadexes operate. Claims about "100% of LP fees being rebated through tokens" circulate widely, but they often gloss over the actual mechanics. Most miss the distinction between fee structure design and token incentive distribution. A robust token model must align incentives properly—rewarding liquidity providers while maintaining sustainable economics for the protocol. Without this understanding, projects built on flawed token economics struggle to retain genuine value capture and user engagement long-term.