Recently, I saw people discussing this phenomenon: some project teams always seem eager to issue tokens. Someone joked that if they could delay further, maybe they could collect more fees?

This is indeed an interesting question. From the project team's perspective, the timing of token issuance involves many complex factors—fundraising progress, ecosystem maturity, market conditions, competitive pressure, and community expectations. It can't be simply explained by the logic of "delaying = earning more fees."

In reality, the timing of token issuance is often constrained by multiple factors. Issuing too early may risk an underdeveloped ecosystem, while issuing too late could miss market windows and lose user enthusiasm. Moreover, the tokenomics design itself determines the revenue structure, which cannot be changed just by delaying.

So, in your observation, what is the real reason why project teams are eager to issue tokens? Is it market pressure, fundraising needs, or other considerations?