Web3和传统金融之间的信任差距

4月，Mantra的OM代币倾倒了90％以上，从6.30美元增加到不到0.50美元，仅在几个小时内，价值2.27亿美元的代币转移到了交易所。

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代币在几个小时内坠毁了90％以上，因为2.27亿美元的代币被转移到交易所，从而极大地影响了价格从6.30美元到低于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.

该事件引起了人们对加密货币市场中流动性，潜在的内部交易以及缺乏透明度和问责制的担忧，尤其是在大规模令牌崩溃的情况下。

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.

尽管市场充满了不持有效用和大量所谓的公用事业令牌的模因，这些代币似乎在现实世界中缺乏应用，但有组织的金融系统的交易者也对不合规和可持续的代币持怀疑态度。市场不仅需要更多的令牌；它需要安全，合规且易于使用的令牌。

The Trust Gap Between Web3 and Traditional Finance

Web3和传统金融之间的信任差距

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.

挑战不仅仅是技术。这是心理。习惯于在需要合规性，问责制和绩效指标的框架内运行的人们发现，很难在炒作周期和未验证的主张统治最高的空间中导航。

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.

即使代币声称具有实用性，它通常很小，与现有系统无法很好地集成，或者与实际的财务功能没有链接。大多数公用事业令牌与任何受监管的系统都没有连接，并且大多数人都不与当前的专业人员所做的事情保持一致 - 例如交易，支付服务费或在值得信赖的平台上获得利息。

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

这阻碍了人们在市场上为市场带来专业知识，资本和兴趣的个人的更多参与。

What Makes Utility Actually Useful?

是什么使公用事业实际上有用？

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

为了使公用事业令牌引起主流观众的共鸣，他们不仅需要白皮书和计划。他们需要：

A defined role within an already-existing financial system

在已经存在的金融体系中定义的角色

Operations that are transparent and may be verified

透明的操作可以验证

Intrinsic reasons for adoption from the outset

从一开始就采用的内在原因

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.

以最纯粹的形式的公用事业应该改善已经有效的东西，而不是使人们放弃他们信任的东西。这不是要从头开始建造高速公路；这是关于使坡道到Web3更光滑。

Where Structured Utility is Starting to Show

结构化实用程序开始显示的地方

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.

有些平台终于可以正确地实现这一目标，从而通过将代币与真正的金融系统（包括交易平台，经纪服务和付款基础设施）联系起来，从而创造了更自然的传统财务扩展。

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，请考虑多eby集团及其$ MBG硬币。这不仅仅是猜测；它旨在与现有操作无缝集成。客户可以使用它来支付服务并获得现金返还，这是他们日常财务实践中的常规活动。您还可以将令牌列为APY股息，这鼓励交易者长期参与，而不是迅速卖光。

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，它不会迫使人们改变习惯。相反，它奖励他们为他们已经做的事情。

Sustainable Models Need Sustainable Mechanics

可持续模型需要可持续的机制

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.

长期持续的模型需要可持续的力学。实用程序不仅仅是功能；从长远来看，这也是关于维持该系统健康状况的标记。一些平台正在采用回购，燃烧和限制供应等通信元素，以维持平衡的生态系统和稳定的价值，而不是使市场过载。

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

财务领域的人熟悉这些策略，它们带来了加密货币经常缺乏的可预测性。

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，该策略在第一年涉及5820万美元的回购和燃烧，目的是在四年内将总供应量减少多达50％。这些动态反映了传统资产管理中采用的严格供应方策略。

A More Natural & Safer Way to Get into Web3

进入Web3的一种更自然，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.

很明显，财务的未来不会是Web3或传统的；两者都会。当令牌与当前系统合作，为受监管的平台做出贡献并提供真正的激励措施时，采用量就会减少风险，而更多地关注实用性水平。

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

当该技术不外国，而是一种增强功能时，它会诱使交易者，投资者和财务专家更容易参与。

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.

市场仍然很嘈杂。但是，在它下面有一个安静的发展。适当类型的公用事业可能最终使那些在篱笆上加入更多轻松的人。