In the cryptocurrency field, many projects have completed the whole process of listing, issuing tokens, and airdropping tokens without even validating their product-market fit (PMF), first squeezing out the funds of retail investors. These teams struggle to secure Series A funding in traditional industries, yet they can effortlessly raise funds and go public in the crypto world, no wonder it has become a paradise for scammers. The final outcome is very simple: they have dreams, and retail investors foot the bill. Although scams also occur in traditional markets, most companies have at least undergone years of PMF validation and financial audits, even if their quality varies, they are not entirely worthless. The main reason most altcoin projects are valued at zero is that waves of retail investors attracted by the narrative are constantly being exploited, ultimately leading to a shortage of even 'chives'. #ALPHA