Web3和傳統金融之間的信任差距

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 crashed more than 90% in a matter of hours as $227 million of the tokens were moved to exchanges, impacting the price drastically from $6.30 to below $0.50.

4月，曼特拉（Mantra）的OM代幣在幾個小時內墜毀了90％以上，因為2.27億美元的代幣被轉移到交易所，從而極大地影響了價格從6.30美元到低於0.50美元。

The event sparked concerns over liquidity, potential insider trading, and the lack of transparency and accountability in the crypto market, especially in an instance of a large-scale token crash.

該事件引起了人們對加密貨幣市場中流動性，潛在的內部交易以及缺乏透明度和問責制的擔憂，尤其是在大規模令牌崩潰的情況下。

While the market is brimming with memecoins that hold no utility and a plethora of so-called utility tokens that seem to lack application in the real world, traders from organized financial systems are also skeptical of tokens that aren't compliant and sustainable. The market doesn't just need more tokens; it needs tokens that are safe, compliant, and easy to use.

儘管市場充滿了不持有效用和大量所謂的公用事業令牌的模因，這些代幣似乎在現實世界中缺乏應用，但有組織的金融系統的交易者也對不合規和可持續的代幣持懷疑態度。市場不僅需要更多的令牌；它需要安全，合規且易於使用的令牌。

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 who are accustomed to operating within frameworks that demand compliance, accountability, and performance metrics find it difficult to navigate a space where hype cycles and unverified claims reign supreme.

挑戰不僅僅是技術。這是心理。習慣於在需要合規性，問責制和績效指標的框架內運行的人們發現，很難在炒作週期和未驗證的主張統治最高的空間中導航。

Even when a token claims to have utility, it's often minimal, doesn't integrate well with existing systems, or isn't linked to actual financial functions. Most utility tokens aren't connected to any regulated system, and most don't align with what professionals currently do - like trading, paying service fees, or accruing interest on a trustworthy platform.

即使代幣聲稱具有實用性，它通常很小，與現有系統無法很好地集成，或者與實際的財務功能沒有鏈接。大多數公用事業令牌與任何受監管的系統都沒有連接，並且大多數人都不與當前的專業人員所做的事情保持一致 - 例如交易，支付服務費或在值得信賴的平台上獲得利息。

This stands in the way of greater participation from individuals who bring expertise, capital, and interest in the market.

這阻礙了人們在市場上為市場帶來專業知識，資本和興趣的個人的更多參與。

What Makes Utility Actually Useful?

是什麼使公用事業實際上有用？

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

為了使公用事業令牌引起主流觀眾的共鳴，他們不僅需要白皮書和計劃。他們需要：

A defined role within an already-existing financial system

在已經存在的金融體系中定義的角色

Operations that are transparent and may be verified

透明的操作可以驗證

Intrinsic reasons for adoption from the outset

從一開始就採用的內在原因

Utility, in its purest form, should be improving something that already works, not an effort to make people abandon what they trust. It's not about building the highway from scratch; it's about making the on-ramp to Web3 smoother.

以最純粹的形式的公用事業應該改善已經有效的東西，而不是使人們放棄他們信任的東西。這不是要從頭開始建造高速公路；這是關於使坡道到Web3更光滑。

Where Structured Utility is Starting to Show

結構化實用程序開始顯示的地方

Some platforms are finally getting this right, creating a more natural extension of traditional finance by linking tokens to genuine financial systems - including trading platforms, brokerage services, and payment infrastructure.

有些平台終於可以正確地實現這一目標，從而通過將代幣與真正的金融系統（包括交易平台，經紀服務和付款基礎設施）聯繫起來，從而創造了更自然的傳統財務擴展。

For example, consider MultiBank Group and their $MBG coin. It isn't simply made for speculation; it's designed to integrate seamlessly with existing operations. Customers can use it to pay for services and get cashback, a routine activity in their daily financial practices. You can also stake the token for APY dividends, which encourages traders to engage for the long term rather than quickly selling out.

例如，請考慮多eby集團及其$ MBG硬幣。這不僅僅是猜測；它旨在與現有操作無縫集成。客戶可以使用它來支付服務並獲得現金返還，這是他們日常財務實踐中的常規活動。您還可以將令牌列為APY股息，這鼓勵交易者長期參與，而不是迅速賣光。

The interesting aspect is that it doesn't force people to change their habits; instead, it rewards them for what they already do.

有趣的方面是，它不會迫使人們改變習慣。相反，它獎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

Models that are meant to last for the long haul need sustainable mechanics. Utility isn't just about the features; it's also about the tokenomics that sustain the system's health in the long run. Some platforms are adopting deflationary elements like buybacks, burns, and capped supply to maintain balanced ecosystems and stable value over time, rather than overloading the market.

長期持續的模型需要可持續的力學。實用程序不僅僅是功能；從長遠來看，這也是關於維持該系統健康狀況的標記。一些平台正在採用回購，燃燒和限制供應等通信元素，以維持平衡的生態系統和穩定的價值，而不是使市場過載。

Those in the financial sphere are familiar with these strategies, and they bring a level of predictability that crypto often lacks.

財務領域的人熟悉這些策略，它們帶來了加密貨幣經常缺乏的可預測性。

In the case of $MBG, the strategy involves a $58.2 million repurchase and burn in the first year, with the goal of reducing the total supply by up to 50% over four years. These dynamics mirror the stringent supply-side tactics employed in traditional asset management.

就$ MBG而言，該策略在第一年涉及5820萬美元的回購和燃燒，目的是在四年內將總供應量減少多達50％。這些動態反映了傳統資產管理中採用的嚴格供應方策略。

A More Natural & Safer Way to Get into Web3

進入Web3的一種更自然，更安全的方法

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, contribute to regulated platforms, and provide genuine incentives, adoption becomes less about risk and more about the level of utility.

很明顯，財務的未來不會是Web3或傳統的；兩者都會。當令牌與當前系統合作，為受監管的平台做出貢獻並提供真正的激勵措施時，採用量就會減少風險，而更多地關注實用性水平。

When the technology doesn't feel foreign but rather like an enhancement, it entices traders, investors, and financial experts to participate more readily.

當該技術不外國，而是一種增強功能時，它會誘使交易者，投資者和財務專家更容易參與。

The market is still quite noisy. But there is a quieter development unfolding beneath it. One where the appropriate type of utility may finally put those who were on the fence about joining more at ease.

市場仍然很嘈雜。但是，在它下面有一個安靜的發展。適當類型的公用事業可能最終使那些在籬笆上加入更多輕鬆的人。