Recently, project financing and token issues have sparked a lot of discussion, but the core problem is actually deeper—missing the ideal token issuance window. When financing valuations need to be supported by attractive numbers but can't keep up with the hottest market phase, the focus can only be on token distribution and circulation strategies. To be honest, the difficulty of pumping the market now is much greater than before. Compared to the previous hype and the Aster market cycle, the market environment, funding conditions, and narrative enthusiasm are all different. This misalignment in timing can sometimes be more damaging to a project than the valuation itself.