咒語的OM令牌傾倒超過90％，從$ 6.30到$ 0.50

4月，Mantra的OM代幣傾倒了90％以上，從6.30美元增加到不到0.50美元，僅在幾個小時內，價值2.27億美元的代幣轉移到了交易所。

In April, Mantra’s OM token saw a decline of over 90%, going from $6.30 to less than $0.50 in only a few hours after $227 million worth of tokens were moved to exchanges, the event sparked concerns among investors regarding liquidity, insider trading, and the lack of transparency in the cryptocurrency market. This is just one instance of several token crashes that lacked transparency and accountability.

4月，Mantra的OM代幣下降了90％以上，從6.30美元到不到0.50美元，僅在幾個小時內將價值2.27億美元的代幣轉移到交易所，這一事件引起了投資者對流動性，內部人士交易以及加密貨幣市場缺乏透明度的關注。這只是幾個缺乏透明度和問責制的幾個令牌崩潰的實例。

On the other hand, memecoins serve no practical purpose, and many so-called utility tokens have yet to find an application in the real world. This lack of utility furthered the skepticism among traders with experience in structured financial systems. The market doesn't need more tokens; it needs tokens that are safe, compliant, and usable.

另一方面，Memecoins沒有實踐目的，許多所謂的實用令牌尚未在現實​​世界中找到應用。這種缺乏效用進一步促進了在結構化金融系統方面經驗豐富的交易者的懷疑。市場不需要更多的令牌；它需要安全，合規且可用的令牌。

The Trust Gap Between Web3 and Traditional Finance

Web3和傳統金融之間的信任差距

The challenge isn’t just technological—it’s psychological. People accustomed to operating within frameworks that prioritize compliance, accountability, and performance metrics find it difficult to navigate a space largely defined by hype cycles and unverified claims.

挑戰不僅是技術，而且是心理。人們習慣於在優先考慮合規性，問責制和績效指標優先考慮的框架內操作，發現很難在很大程度上由炒作週期和未驗證的主張定義的空間進行導航。

Even when a token is said to have utility, it usually isn't easily accessible, doesn't integrate smoothly with other systems, or lacks a direct tie-in to actual financial operations. Most utility tokens remain unlinked to any regulated system, and the majority fail to align with tasks professionals currently engage in, such as trading, paying service fees, or accruing interest on a trustworthy platform.

即使據說具有效用的令牌，它通常也不容易訪問，也不會與其他系統平穩集成，或者缺乏直接與實際的財務運營聯繫。大多數公用事業令牌與任何受監管的系統均未鏈接，並且大多數人都無法與目前從事的任務保持一致，例如交易，支付服務費或在值得信賴的平台上獲得利息。

This lack of connection keeps a large segment of individuals with expertise, capital, and interest largely out of the Web3 picture.

這種缺乏聯繫使大量具有專業知識，資本和興趣的人在很大程度上遠離了Web3圖片。

What Makes Useful Utility, Actually Useful?

是什麼使有用的實用程序實際上有用？

For utility tokens to truly resonate with the mainstream audience, they require more than just a whitepaper and a roadmap. They need:

為了使公用事業令牌真正引起主流觀眾的共鳴，它們不僅需要白皮書和路線圖。他們需要：

● A clear role within an already-existing financial system

●在已經存在的金融體系中明確角色

● Operations that maintain visibility and are open for auditing

●維持可見性並開放審核的操作

● Intrinsic value propositions that encourage initial adoption

●鼓勵初始採用的內在價值主張

Utility, in its purest form, should enhance something that already functions well, not encourage individuals to abandon what they trust. It's not about building the highway from scratch; it's about creating a smoother on-ramp to Web3.

以最純粹的形式的公用事業應該增強已經發揮良好功能的東西，而不是鼓勵個人放棄自己信任的東西。這不是要從頭開始建造高速公路；這是關於創建與Web3的更光滑的斜坡。

Where Structured Utility is Beginning to Emerge

結構化實用程序開始出現的地方

Some platforms are beginning to get this right, forming a more natural extension of traditional finance by linking tokens to genuine financial platforms, including trading platforms, brokerage services, and payment infrastructure.

一些平台開始正確地實現這一目標，從而通過將代幣與真正的財務平台聯繫起來，包括交易平台，經紀服務和付款基礎架構，從而形成了更自然的傳統金融擴展。

For instance, consider MultiBank Group and their $MBG coin, which isn't designed for speculation but rather to integrate seamlessly with existing operations. Users of the platform can use the token to pay for services and receive cash-back, an activity they engage in daily. You can also stake the token for APY dividends, which encourages users to remain engaged in the long term rather than quickly selling the token.

例如，考慮多ebank Group及其$ MBG硬幣，該硬幣不是為投機而設計的，而是與現有操作無縫集成。該平台的用戶可以使用令牌來支付服務費用並獲得現金背包，這是他們每天從事的活動。您還可以將令牌存儲以獲取APY股息，該股息鼓勵用戶長期參與，而不是迅速出售令牌。

The essence of this is that it doesn't force anyone to change how they operate but rather incentivizes them for what they already do.

這樣做的本質是，它不會迫使任何人改變他們的運作方式，而是激勵他們為他們已經做的事情。

Sustainable Models Need Sustainable Mechanics

可持續模型需要可持續的機制

Durable models are built upon sustainable mechanics. Utility isn't just about features; it's also about tokenomics that keep the system healthy over the long term. Some platforms are introducing deflationary properties like buybacks, burns, and capped supply to maintain a balanced ecosystem and stable value over time, rather than introducing an overwhelming influx of tokens. Those in the financial world are familiar with these dynamics, and they add a layer of predictability that crypto often lacks.

耐用的模型建立在可持續力學的基礎上。實用程序不僅與功能有關；這也是關於使系統在長期內保持健康的問題。一些平台正在引入通縮屬性，例如回購，燃燒和封頂供應，以維持平衡的生態系統和隨著時間的流逝穩定價值，而不是引入壓倒性的令牌。那些金融界的人熟悉這些動態，並且增加了加密貨幣經常缺乏的可預測性。

For $MBG, the strategy involves a $58.2 million repurchase and burn plan for the first year, aiming to reduce the total supply by up to 50% over four years. These dynamics closely resemble the focused supply-side approaches used in traditional asset management.

對於$ MBG，該策略涉及第一年的5820萬美元回購和燃燒計劃，旨在將四年內總供應量最多減少50％。這些動態非常類似於傳統資產管理中使用的重點供應方方法。

A More Natural & Safer Introduction to Web3

Web3的更自然和更安全的介紹

It's becoming clear that the future of finance won't be Web3 or traditional—it will be both. When tokens cooperate with current systems, become an addition to regulated platforms, and provide valuable incentives, adoption is less about risk and more about utility. When the technology doesn't feel foreign but rather like an improvement, traders, investors, and financial professionals will feel more comfortable getting involved.

很明顯，財務的未來不會是Web3或傳統的，這兩個都是。當代幣與當前系統合作，成為受監管平台的補充，並提供有價值的激勵措施時，採用量就少於風險，而更多地涉及公用事業。當該技術不陌生而不是進步時，交易者，投資者和金融專業人士將感到更加自在。

There's still a lot of noise in the market. But beneath it lies a quieter evolution—one where the right kind of utility might finally bring those on the fringes into the fold.

市場上仍然有很多噪音。但是它的下方是一個更安靜的演變 - 正確的效用最終可能會將邊緣上的這些實用程序帶入折疊。