Kaito、Kickstarter 和 TGE 后的崩溃：应对加密货币不稳定的发行环境

对 Kaito、Kickstarter 和代币生成后事件崩溃的分析，探索市场动态和 InfoFi 的崛起。

Crypto Launches Face Scrutiny Amid Post-TGE Crashes, Kaito Data Sheds Light

加密货币在 TGE 崩溃后面临审查，Kaito 数据揭示了这一点

The crypto world is no stranger to volatility, especially when it comes to projects launching on platforms like Kickstarter and subsequently experiencing a sharp decline, often termed a 'Post-TGE crash'. Recent analyses, including those drawing on Kaito's intelligence layer, are beginning to illuminate the patterns behind these dramatic price drops. While the allure of crowdfunding through Kickstarter has propelled many a crypto project, the period following the Token Generation Event (TGE) has become a critical, and often brutal, testing ground for their sustainability.

加密货币世界对波动性并不陌生，特别是当项目在 Kickstarter 等平台上启动并随后经历急剧下滑时，通常被称为“后 TGE 崩盘”。最近的分析，包括利用 Kaito 情报层进行的分析，开始阐明这些价格急剧下跌背后的模式。虽然通过 Kickstarter 进行众筹的吸引力推动了许多加密项目的发展，但代币生成事件 (TGE) 之后的时期已成为其可持续性的关键且往往是残酷的测试场。

Understanding the Post-TGE Crash Phenomenon

了解 TGE 后崩溃现象

Data suggests that a significant number of Kaito-backed projects have witnessed substantial drawdowns after their initial launch. This trend is not isolated but appears to be a recurring issue within the crypto space. One key factor identified by market observers is the strategy of releasing 100% of a project's supply at launch. This approach floods the market immediately, leaving projects vulnerable to intense selling pressure before they can establish any real traction or value.

数据显示，大量 Kaito 支持的项目在首次启动后出现了大幅缩减。这种趋势并不是孤立的，但似乎是加密领域内反复出现的问题。市场观察人士指出的一个关键因素是项目启动时释放 100% 供应的策略。这种方法立即涌入市场，使项目在建立任何真正的吸引力或价值之前容易受到巨大的抛售压力。

The Rise of InfoFi: Credibility in a Noisy Market

InfoFi 的崛起：喧嚣市场中的可信度

The challenge of navigating crypto markets has been exacerbated by the sheer speed of information dissemination. Viral campaigns, like those seen with Dogwifhat and Book of Meme, can cause overnight pumps exceeding 500%, only for these tokens to retrace 80% to 99% later. This highlights a persistent problem: distinguishing credible voices from those merely gaming the system. This tension is at the heart of 'Information Finance' (InfoFi), a concept aiming to bring structure to an environment where information travels fast but trust lags behind.

信息传播的速度之快加剧了加密货币市场的挑战。像 Dogwifhat 和 Book of Meme 那样的病毒式营销活动可能会导致隔夜涨幅超过 500%，但这些代币随后会回撤 80% 至 99%。这凸显了一个长期存在的问题：区分可信的声音和那些只是玩弄系统的声音。这种张力是“信息金融”（InfoFi）的核心，这一概念旨在为信息快速传播但信任滞后的环境带来结构。

Youngsun Shin, Head of Product at Flipster, explained to BeInCrypto how InfoFi could reshape participation by rewarding authentic contribution over mere reach or paid amplification. "InfoFi reframes influence around authenticity and contribution. It identifies the voices who actually participate, share insight, and move conversations forward, and gives them a fair way to be recognized and rewarded," Shin stated. The goal is to ground social signals in verifiable activity, allowing traders to identify insights from informed sources.

Flipster 产品主管 Youngsun Shin 向 BeInCrypto 解释了 InfoFi 如何通过奖励真正的贡献而不是单纯的影响力或付费放大来重塑参与。 Shin 表示：“InfoFi 围绕真实性和贡献重新构建了影响力。它识别出真正参与、分享见解和推动对话的声音，并为他们提供了一种公平的方式来获得认可和奖励。”目标是将社交信号融入可验证的活动中，使交易者能够从知情来源中识别见解。

Kaito and Flipster: Merging Insight with Action

Kaito 和 Flipster：将洞察力与行动相结合

The collaboration between Flipster and Kaito is a prime example of this InfoFi shift. Kaito's intelligence layer maps conversations among crypto market participants, identifying trending topics and influential voices. Flipster, on the other hand, offers verifiable user activity, showing who is actively trading and engaging with the platform. By combining these, the partnership aims to elevate creators whose influence is built on genuine contribution rather than purchased visibility.

Flipster 和 Kaito 之间的合作是 InfoFi 转变的一个典型例子。 Kaito 的情报层绘制了加密货币市场参与者之间的对话，识别趋势主题和有影响力的声音。另一方面，Flipster 提供可验证的用户活动，显示谁在积极交易并与平台互动。通过将这些结合起来，该合作伙伴关系旨在提升创作者的影响力，这些创作者的影响力是建立在真正的贡献而不是购买的知名度之上的。

Shin elaborated on the Creator Leaderboard, which prioritizes credibility based on usage rather than raw engagement. This structure naturally filters out bots and spam, favoring voices that offer meaningful insights. "The incentive structure naturally filters out low-trust behavior and reinforces voices that add meaningful insight," he added. This reflects a broader trend where modern traders influence markets through shared ideas as much as through their positions.

Shin 详细阐述了创作者排行榜，该排行榜根据使用情况而不是原始参与度来优先考虑可信度。这种结构自然会过滤掉机器人和垃圾邮件，有利于提供有意义的见解的声音。他补充说：“激励结构自然会过滤掉低信任行为，并强化能够增加有意义的见解的声音。”这反映了一个更广泛的趋势，即现代交易者通过共同的想法和他们的头寸影响市场。

Looking Ahead: Building Trust in the InfoFi Era

展望未来：在 InfoFi 时代建立信任

The vision for InfoFi extends to integrated reputation layers that combine multiple data streams into a coherent identity. "Long term, we imagine an integrated layer where trading reputation, social impact, and user credibility live side by side," Shin envisions. While InfoFi is still in its nascent stages, projects like Flipster and Kaito are pioneering a future where insight, participation, and performance are understood within a single, structured context.

InfoFi 的愿景扩展到集成声誉层，将多个数据流组合成一个一致的身份。 “从长远来看，我们设想一个集成层，其中交易声誉、社会影响和用户可信度并存，”Shin 设想。虽然 InfoFi 仍处于起步阶段，但像 Flipster 和 Kaito 这样的项目正在开创一个未来，在一个单一的、结构化的环境中理解洞察、参与和绩效。

So, while the specter of a Post-TGE crash might still loom large, the evolving landscape of crypto information and credibility offers a more hopeful outlook. It seems the days of simply shouting the loudest might be numbered, giving way to a more nuanced, data-driven approach to influence. Pretty neat, huh?

因此，尽管 TGE 后崩溃的幽灵可能仍然存在，但加密信息和可信度不断变化的格局提供了更有希望的前景。单纯大声喊叫的日子似乎已经屈指可数了，取而代之的是更加细致入微、数据驱动的影响力方法。很整洁，是吧？